BLAINVILLE, QC, June 26, 2012 /CNW Telbec/ - Xebec Adsorption Inc. (TSX:
XBC) ("Xebec"), a provider of biogas upgrading, natural gas and
hydrogen purification solutions for the clean energy market, announced
today that it has received its second purchase order for a BGX kinetic
landfill gas separation system from China's Golden Green Environmental
Engineering & Technical Co. Ltd. (Golden Green). The System will be
installed in early 2013 at a landfill in Anshan City. The upgraded
landfill gas will be compressed and used as renewable fuel in the
Xebec's customer and partner, Golden Green is a leading Chinese
environmental engineering firm that specializes in landfill engineering
and remediation work. This second purchase order from Golden Green is
part of the broader distribution agreement signed earlier this year
between the two companies. This exclusive agreement calls for the
potential delivery of 15 upgrading systems over the next 4 years. The
value of these small to medium sized upgrading systems range between
CDN$1.7M to CDN$5.5M each, depending on the landfill gas flow rates and
gas composition. All systems will be designed, manufactured and cost
optimized at Xebec's Shanghai facility.
Xebec's ability to separate higher levels of nitrogen (N2) and oxygen
(O2) from landfill gas sites, while maintaining excellent recovery
rates at around 90% continues to offer solid competitive advantages for
customers. Less effective equipment providers offer significantly
lower recovery rates, and therefore lower associated revenues for
customers using these systems when compared to Xebec's BGX.
The majority of current landfill gas projects in China are for
electricity generation, but as the price of natural gas in the Chinese
transportation sector increases, landfill operators are looking
increasingly towards upgrading the gas to higher value transportation
fuel. Xebec and Golden Green will continue to focus on the 150 to 170
medium sized landfills in China that qualify for upgrading landfill gas
to renewable transportation fuel.
"This second BGX landfill gas order is a further step forward for Xebec
in the Chinese landfill gas market, further reinforcing our technology
advantage and market opportunity," stated Graham Robson, Xebec's Vice
President for Asia/Pacific Operations. "We look forward to expanding
our relationship with Golden Green and anticipate many similar orders
in the months and years to come."
About Xebec Adsorption Inc.
Xebec Adsorption Inc. is a global provider of clean energy solutions to
corporations and governments looking to reduce their carbon footprints.
Xebec designs, engineers and manufactures innovative systems that
transform raw gases into marketable sources of clean energy. Xebec's
strategy is focused on establishing leadership positions in markets
where demand for biogas upgrading, natural gas dehydration and hydrogen
purification is growing. Headquartered in Montreal (QC), Xebec is a
global company with two state-of-the-art manufacturing facilities in
Montreal and Shanghai, as well as a sales and distribution network in
North America and Asia. Xebec trades on the TSX under the symbol XBC.
For additional information on the company and its products and
services, please visit the Xebec web site at www.xebecinc.com.
Caution Concerning Forward-Looking Statements
Certain statements in this press release may constitute "forward-looking" statements within the meaning of applicable
securities laws. This forward looking information includes, but is not
limited to, the expectations and/or claims of management of Xebec with
respect to information regarding the business, operations and financial
condition of Xebec. Forward-looking information contained in this press
release involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or achievements
of Xebec or industry results, to be materially different from any
future results, performance or achievements expressed or implied by
such forward-looking statements. This list is not exhaustive of the
factors that may affect forward-looking information contained in this
press release. When used in this press release, such statements use
such words as "anticipate", "believe", "plan", "estimate", "expect",
"intend", "may", "will" and other similar terminology. These statements
reflect current expectations regarding future events and operating
performance and speak only as of the date of this presentation.
Forward-looking statements involve significant risks and uncertainties,
should not be read as guarantees of future performance or results, and
will not necessarily be accurate indications of whether or not such
results will be achieved. A number of factors could cause actual
results to differ materially from the results discussed in the
SOURCE XEBEC ADSORPTION INC.
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