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Xebec Announces New Contracts in the Asian
Natural Gas Infrastructure Market
MONTREAL (QC), January 10, 2012 - Xebec
Adsorption Inc. (TSX: )
("Xebec"), a provider of
biogas upgrading, natural gas and
hydrogen purification solutions for the
clean energy market, announced today
that it has made significant commercial
progress in the natural gas
infrastructure market in Central and
South East Asia during the fourth
quarter of 2011.
Xebec has recently received first
orders from three new customers valued
at CDN$540,000 for its NGX line of
natural gas dryers for use in
compressed natural gas
("CNG") refueling stations in
Uzbekistan, Kazakhstan, Afghanistan and
Thailand. Orders for these units were
placed by market leading suppliers of
equipment used in natural gas fueling
stations and by PTT (SET:PTT), a large
publicly traded Thai petrochemical
company and a leading developer of
natural gas refueling infrastructure in
Thailand. All of these orders will be
manufactured in Xebec's Shanghai
facility.
"Countries in Central Asia,
including Uzbekistan and Kazakhstan
have significant natural gas reserves,
and governments in these countries have
begun to construct CNG infrastructure
to promote the use of CNG as a
transportation fuel," said Andrew
Hall, Vice President of Asia Pacific
Operations for Xebec.
"Xebec's gas dryers are a key
component on CNG stations as gas
supplies in Central Asia can have a
high moisture content which needs to be
dried before it can be used safely and
reliably as CNG vehicle fuel.
Xebec's range of NGX natural gas
dryers provide a proven and reliable
solution for dehydrating pipeline gas
to meet the quality specifications
required for CNG," said Hall.
"We are also extremely pleased to
supply dryers to PTT for use in CNG
stations in the north of Thailand.
Thailand is an extremely important
market for CNG infrastructure, with
over 400 CNG stations serving a fleet
of over 260,000 natural gas vehicles.
We hope to have further success in this
market as Thailand has plans to
construct additional CNG stations and
make CNG available in rural areas not
currently served by the existing
natural gas grid," said Hall.
About the Xebec NGX Range
Xebec provides a comprehensive range of
rugged, skid mounted, single and dual
tower regenerable natural gas dryers
under its NGX brand. These dryers are
closed loop, with automatic, or
operator initiated, heat reactivated
regeneration and variable cycles for
reliable dryer regeneration control and
shutdown. The NGX range comes standard
with an "AutoDew"
feature.
Xebec is a World leader with its NGX
line in drying natural gas for vehicle
fueling stations and offers:
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25 years experience in designing
and manufacturing gas dryers
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Complete dehydration and filtration
solutions
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Major installations throughout the
world: North America, China,
Russia, Australia, South America,
Indonesia and the Middle East
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Dedicated CNG team at every level
of the process
-
Worldwide support, service and
replacement parts
-
Built to ASME code and National
Board certified
-
Can be built to specific
requirements such as the Chinese,
Malaysian, Russian and other
certification requirements
Stock Options
On December 22, 2011, the Company
granted 2,040,000 share purchase
options at $0.10 per share to two
senior management members in return for
a conversion of base salary into stock
based compensation.
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. With
more than 1300 customers worldwide,
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, a Technology Centre 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 .
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.
For more information, please
contact:
Kurt Sorschak
President and CEO
450-979-8701
ksorschak@xebecinc.com
Eric Favreau
Vice President, Finance and CFO
450-979-8706
efavreau@xebecinc.com
Andrew G. Hall
VP, Asia Pacific Operations
+86 13918241800
ahall@xebecinc.com |
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