Xebec Announces Extension of Engineering Services with ExxonMobil

MONTREAL, Jan. 24 /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 agreed to provide engineering services valued at USD 2.0 million to ExxonMobil Research and Engineering Company ("EMRE") for ongoing development work related to new applications for Xebec's proprietary Rapid Cycle PSA technology.

The engineering services are to be provided over the next 12 months under an extension to an existing Joint Development Agreement between EMRE and Xebec.

Kurt Sorschak, President and CEO of Xebec said, "This agreement is another important step forward in the evolution and development of our technology and in our ongoing collaboration with EMRE."

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 products 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, an R&D facility in Vancouver (BC) 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 forward-looking statements. 

SOURCE XEBEC ADSORPTION INC.

For further information:

Kurt Sorschak
President and CEO
450-979-8701
ksorschak@xebecinc.com
      Ginette Gagné
Vice President, Finance and CFO
450-979-8721
ggange@xebexinc.com

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XEBEC ADSORPTION INC.

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