Xebec announces orders for gas purification units to enable diesel and heavy fuel oil displacement with compressed natural gas
October 01 2012 - 11:05AM
PR Newswire (Canada)
BLAINVILLE, QC, Oct. 3, 2012 /CNW Telbec/ - Xebec Adsorption Inc.
("Xebec"), a provider of biogas upgrading, natural gas and hydrogen
purification solutions for the clean energy and crude-derived fuel
displacement markets, announced today that it has received two
orders valued at approx. $1.0 million for two high pressure natural
gas dehydration and purification units from two Canadian customers.
Those units are aimed at industrial scale diesel and heavy fuel oil
displacement. Xebec offers a full range of gas dehydration and
purification models for the natural gas refueling market under its
NGX brand. This line of products responds to the recent increase in
demand for high flow, high pressure applications, which are
primarily geared towards the industrial crude-derived fuel
displacement market. These purification units are capable of
operating at pressures in excess of 1,000 psi, and flow rates of
greater than 25,000 SCFM (standard cubic feet per minute),
generating in excess of 175 DGE (diesel gallons equivalent) of fuel
per minute. Natural gas is an abundant, secure, domestic, clean and
affordable fuel source that is capable of displacing crude-derived
fuels like diesel, fuel oil and heating oil in many industrial,
transport, and high horsepower applications. Due to the current
significant price spread between natural gas and crude-derived
fuels, companies are increasingly looking towards the lower priced
natural gas fuel option to reduce their operating costs and carbon
footprint. "These two orders are a very important achievement for
Xebec in the evolving diesel displacement market. Our products will
play an important role in enabling crude-derived fuel displacement
at drilling rigs, at mining sites and for industrial applications,"
stated Kurt Sorschak, Xebec's President and CEO. "We have developed
very attractive solutions for these evolving new markets, and we
are looking forward to enable our customers to switch from diesel
or oil to natural gas 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 forward-looking
statements. XEBEC ADSORPTION INC. CONTACT: Kurt SorschakPresident
and CEO450-979-8701ksorschak@xebecinc.comEric FavreauVice-President
and CFO450-979-8706efavreau@xebecinc.com
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