XEBEC ADSORPTION XEBEF overview

Xebec Adsorption Inc. (TSX: XBC) (“ Xebec ” or the “ Corporation ”), a global provider of sustainable gas solutions, announced today that the Superior Court of Québec (the “ Court ”) has granted the Corporation’s application for an initial order (the “ Initial Order ”) under the Companies’ Creditors Arrangement Act (the “ CCAA ”). Xebec intends to seek recognition of the Initial Order and the SISP Order (as defined below) in the United States under Chapter 15 of the...

Xebec Adsorption Inc. (TSX: XBC) (“ Xebec ” or the “ Corporation ”), a global provider of sustainable gas solutions, announces that it will file today an application with the Superior Court of Québec (the “ Court ”) for an initial order (the “ Initial Order ”) under the Companies’ Creditors Arrangement Act (the “ CCAA ”) and seek recognition of the Initial Order in the United States under Chapter 15 of the Bankruptcy Code. The Initial Order is expected to provide a stay of...

Xebec Adsorption Inc. (TSX: XBC) (“ Xebec ” or the “ Company ”), a global provider of sustainable gas technologies, announced today its 2022 second quarter results, with the following highlights: Second Quarter 2022 Highlights Revenues of $44.5 million compared to $32.7 million for the same period in 2021 Gross margin (Non-IFRS) of $1.8 million or 4% compared to $5.0 million or 15% for the same period in 2021 Adjusted EBITDA (Non-IFRS) of ($12.0) million compared to ($5.2) million for...

Xebec Adsorption Inc. (TSX: XBC) (“Xebec” or the “Company”), a global provider of sustainable gas technologies, announced today a development with its previously announced Centers of Excellence (“COE”) Framework to ensure the Company’s global footprint becomes more effective and product focused. Effective today, Xebec has made the difficult decision to reduce 51 employees from its full-time workforce, representing approximately 13% of its North American employee base. “This is a...

Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of sustainable gas technologies, is pleased to announce today that it has signed an agreement to supply its proprietary Pressure Swing Adsorption (“PSA”) technology to support the deployment of Haffner Energy’s (PA: ALHAF) HYNOCA® solution. HYNOCA® is a unique and cost-effective technology for decarbonizing and producing green carbon negative hydrogen and renewable gases by thermolysis of biomass. Pursuant to this...

Xebec Adsorption Inc. (TSX: XBC) (“ Xebec ” or the “ Company ”), a global provider of sustainable gas technologies, announced today its 2022 first quarter results, with the following highlights: First Quarter 2022 Highlights Revenues of $41.2 million compared to $20.6 million Gross margin of $4.6 million (11%) compared to $4.2 million (20%) Adjusted EBITDA of ($9.0) million compared to ($4.9) million Adjusted EBITDA excluding legacy BGX activities of ($6.4) million compared to ($1.7)...

Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions, will announce its 2022 first quarter financial results on Thursday, May 12, 2022, before the market opens at 7:00 AM EDT, followed by a webinar at 8:30 AM EDT (5:30 AM PDT). Xebec invites shareholders, analysts, investors, media representatives, and other stakeholders to attend our webinar where management will discuss Q1 2022 results followed by a Question and Answer period. Jim Vounassis, President and...

Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of sustainable gas technologies, is pleased to announce today that its subsidiary Xebec Systems USA LLC, has signed a contract valued at USD113.5 million (CAD143.2 million) with Iowa-based SCS Carbon Removal LLC, a subsidiary of Summit Carbon Solutions. The contract follows a previously announced MOU signed on March 28, 2022, for 51 carbon dioxide (CO 2 ) reciprocating compression packages. This equipment will be used for Summit...