BLAINVILLE, QC, Nov. 25, 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 it has received additional proceeds of
$4.138 million pursuant to its
intellectual property transaction of March
22, 2012. The reception of these proceeds concludes this
transaction.
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
Finally, Xebec is also announcing that M. John Shakeshaft has momentarily resigned from
the Board of Directors, effective today.
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.