MONTREAL,
Nov. 12, 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 Mr. Patrick
Palerme has joined the Company's Board of Directors.
Mr. Palerme is currently a member of the Board
of Directors of Rona Inc. (TSX: RON) and is Managing Director and
co-founder of Global Change Leaders, a consulting group of former
GE Leaders who offer their global experience in leading change
initiatives, organizational integrations and business mergers and
acquisitions.
Prior to the founding of Global Change Leaders,
Mr. Palerme was CEO of GE Capital Canada for 6 years, COO of GE
Capital Solutions Canada for 9 years and CFO of GE Capital
Equipment Finance Canada for more than 8 years. Prior to GE, Mr.
Palerme worked for one of the big Canadian banks as CFO for the
largest leasing company in Canada
at the time and as Deputy Chief Accountant for the bank. At the
beginning of his career, Mr. Palerme worked for Price Waterhouse
for over 5 years in Public Auditing of large corporations.
Mr. Palerme holds a Bachelor in Business
Administration from HEC Montréal (University
of Montreal) and the designation of Chartered Accountant
(CA) of Canada since 1982. He has
attended numerous GE training programs.
"We are delighted to welcome Patrick to our
Board of Directors at this important time for Xebec as we enter the
next stage in our Company's history," stated Mr. Kurt Sorschak, Chief Executive Officer of
Xebec. "Patrick's expertise, experience, entrepreneurship and
long successful track record of generating exceptional results in
profitability and growth in his prior business roles will certainly
serve as an asset to us. As Xebec solidifies our future direction
and growth path, Patrick's experience and skill set will prove to
be a very valuable asset to our organization."
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 1,300 customers worldwide, Xebec
designs, engineers and manufactures innovative products that
transform raw gases into marketable sources of clean energy mainly
used as transportation fuel. Xebec's strategy is focused on
establishing leadership positions in markets where demand for
biogas upgrading, natural gas dehydration, liquefaction and
hydrogen purification is growing. Headquartered in Montreal (QC), Xebec is a global company with
two 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.