Xebec Welcomes Ms. Sara Elford to Board of Directors
August 26 2020 - 7:00AM
Xebec Adsorption Inc. (TSXV: XBC) (“Xebec”), a
global provider of clean energy solutions is pleased to announce
today that Ms. Sara Elford has joined Xebec’s Board effective
August 25th, 2020.
Ms. Elford is a current board member of BioSyent
Inc. and BQE Water Inc., both are TSX-V listed companies. She also
served as a director of Hydrogenics Corp., a PEM fuel cell and
electrolysis company, recently acquired by Cummins Inc. Ms. Elford
sat on the audit and governance committees at Hydrogenics and also
served on the special committee for its acquisition.
“I am very excited to bring my decades of
experience in capital markets and cleantech to the Xebec team. The
world is at a critical point where companies such as Xebec will
play an important role in transitioning us to a sustainable and
clean energy future. I’m happy to support this mission and my hope
is that the insights I’ve gathered from serving on different boards
over the years will be valuable to the team,” says Sara Elford.
Ms. Elford served on the board of several other
formerly TSX listed companies including Carmanah Technologies
(solar LED technology company taken private), TSO3 Inc. (medical
device sterilization technology company acquired by Stryker
Corporation), and Pure Technologies Ltd. (pipeline leak detection
company acquired by Xylem Inc.).
Ms. Elford worked in capital markets for over
twenty years as both an investment banking and equity research
analyst. As a result, she followed an extensive range of industries
and companies in the small to mid cap range and alternative energy
space. Ms. Elford is a CFA Charter holder and a graduate of
Bishop’s University with a Finance Major and Economics Minor. She
also completed the directors’ education program with the ICD in
2015.
“I am very happy to welcome Sara to Xebec’s
Board. With her insights and exposure to a wide range of
industries, especially clean technologies and hydrogen, she will be
able to greatly contribute to our Board work. As hydrogen will
become a more important part of Xebec’s business her industry
experience in this field will be extremely valuable and helpful.
We’re honoured to have Sara join the Board of Xebec and the Board
and I look forward working with her,” states Kurt Sorschak,
Chairman, President and CEO, Xebec Adsorption Inc.
Related
links:https://www.xebecinc.com
For more information:Xebec
Adsorption Inc. Brandon Chow, Investor Relations Manager
bchow@xebecinc.com +1 450.979.8700 ext 5762
About Xebec Adsorption
Inc.Xebec is a global provider of gas generation,
purification and filtration solutions for the industrial, energy
and renewables marketplace. Well-positioned in the energy
transition space with proprietary technologies that transform raw
gases into clean sources of renewable energy, Xebec’s 1500+
customers range from small to multi-national corporations,
governments and municipalities looking to reduce their carbon
footprints. Headquartered in Montréal, Quebec, Canada, Xebec has
several Sales and Support offices in North America and Europe, as
well as two manufacturing facilities in Montréal and Shanghai.
Xebec trades on the TSX Venture Exchange under the symbol XBC. For
more information, www.xebecinc.com.
Cautionary Statement Neither
TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this
release. This news release contains forward-looking statements and
forward-looking information (together, “forward-looking
statements”) within the meaning of applicable securities laws. All
statements, other than statements of historical facts, are
forward-looking statements, and subject to risks and uncertainties.
Generally, forward-looking statements can be identified by the use
of terminology such as “plans”, “seeks”, “expects”, “estimates”,
“intends”, “anticipates”, “believes”, “could”, “might”, “likely” or
variations of such words, or statements that certain actions,
events or results “may”, “will”, “could”, “would”, “might”, “will
be taken”, “occur”, “be achieved” or other similar expressions.
Forward-looking statements, including statements concerning future
capital expenditures, revenues, expenses, earnings, economic
performance, indebtedness, financial condition, losses and future
prospects as well as the expectations of management of Xebec with
respect to information regarding the business and the expansion and
growth of Xebec operations, involve risks, uncertainties and other
factors that could cause actual results, performance, prospects and
opportunities to differ materially from those expressed or implied
by such forward-looking statements. Forward-looking statements are
subject to business and economic factors and uncertainties, and
other factors that could cause actual results to differ materially
from these forward-looking statements, including the relevant
assumptions and risks factors set out in Xebec's public documents,
including in the most recent annual management discussion and
analysis and annual information form, filed on SEDAR at
www.sedar.com. Furthermore, should one or more of the risks,
uncertainties or other factors materialize, or should underlying
assumptions prove incorrect, actual results may vary materially
from those described in forward-looking statements or information.
These risks, uncertainties and other factors include, among others,
the uncertain and unpredictable condition of global economy,
notably as a consequence of the Covid-19 pandemic, Xebec’s capacity
to generate revenue growth, the availability to Xebec of financing
and credit alternatives and access to capital, Xebec’s capacity to
meet all its other commitments and business plans, Xebec’s limited
number of customers, the potential loss of key employees, changes
in the use of proceeds relating to the loan, share price
volatility, and other factors. Although Xebec believes that the
assumptions and factors used in preparing the forward-looking
statements are reasonable, undue reliance should not be placed on
these statements, which only apply as of the date of this news
release, and no assurance can be given that such events will occur
in the disclosed times frames or at all. Except where required by
applicable law, Xebec disclaims any intention or obligation to
update or revise any forward-looking statement, whether as a result
of new information, future events or otherwise.
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