Xebec announces additional proceeds of $1,000,000 pursuant to its
intellectual property transaction of March 22, 2012
BLAINVILLE, QC,
Oct. 24, 2012 /CNW Telbec/ - Xebec
Adsorption Inc. (TSX: XBC) ("Xebec"), a provider of biogas
upgrading, natural gas, field gas and hydrogen purification
solutions for the clean energy and crude-derived fuels displacement
markets, announced today that it has received additional proceeds
of $1.0 million pursuant to its
intellectual property transaction of March
22, 2012. Xebec expects to receive further payments over the
next 18 months, upon achievement of certain conditions.
The press release to the March
22nd, 2012 transaction can be obtained at the
following link:
http://www.xebecinc.com/investor-press-releases-details.php?id=216
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, while enabling the displacement of crude-derived
fuels. Xebec's strategy is focused on establishing leadership
positions in markets where demand for biogas upgrading, natural gas
dehydration, field gas conditioning 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.
SOURCE XEBEC ADSORPTION INC.