MONTREAL,
Nov. 11, 2013 /CNW Telbec/ - Xebec
Adsorption Inc. (TSX: XBC) ("Xebec"), a provider of biogas
upgrading, natural gas, field gas and hydrogen purification and
filtration solutions for the clean energy and crude-derived fuels
displacement markets, announced today that its Board of Directors
has authorized the application process to have its Common Shares
listed with the Toronto Stock Exchange Venture (TSX-V).
On September 18,
2013, Xebec was informed by the Toronto Stock Exchange (TSX)
regarding the review of its common shares with respect to meeting
the continued listing requirements, as the market value of Xebec's
freely-tradable, publicly held securities has been less than
$2,000,000 for a period of 30
consecutive trading days. The Company has been granted 120 days in
which to regain compliance with these requirements, pursuant to the
remedial review process. As a consequence, Xebec has decided to
seek listing of its shares on the TSX-V on or before January 16, 2014.
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 and filtration 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.