FormerXBC Inc XEBEQ

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Xebec Adsorption Inc designs, engineers, and manufactures products that are used for purification, separation, dehydration, and filtration equipment for gases and compressed air. The company operates in three reportable segments: Systems, Corporate and other, and Support. Its product lines are natural gas dryers for natural gas refueling stations, compressed gas filtration, biogas purification, associated gas, engineering services, and air dryers. The company's geographical segments are United States, Canada, China, Other, Korea, Italy, and France.

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FormerXBC Inc > PLUG up 27% after hours

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Comment by alsoranaroundon Jan 08, 2021 4:16pm

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RE:RE:RE:RE:PLUG up 27% after hours

This could be read as a negative. If Plug kicked the tires on the technology back in 2016, and it worked famously well, then why didn't they just buy HyGear themselves?

As a private company with a prospective offer to acquire from Xebec, you would have to think HyGear gave Plug the opportunity to counter the Xebec offer, especially if Plug and HyGear had a strong relationship.

That press release is too old to be relevant and is more concerning than anything.

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