FormerXBC Inc XEBEQ

Industrials

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.

GREY:XEBEQ - Post by User

FormerXBC Inc

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Post by Canadian_101on Mar 16, 2020 8:19am

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Post# 30811686

Corporate Update today

Lastly, Xebec’s Canadian operations in Qubec currently remain unaffected and we are operating close to capacity. Our schedule for North American deliveries remains the same and no impact has so far been experienced due to the coronavirus. We are working on a multitude of shipments for the North American market as evidenced by recent contract announcements.

Xebec is well-positioned to work through these disruptions with its strong balance sheet that includes more than $20 million of cash on hand and approximately $18 million in outstanding warrants, exercisable at $1.05 and $1.85 over the next 4 months. In addition, our quote log continues to increase and now exceeds $937.0 million (as of March 13th, 2020) and our order backlog stands at $95.1 million (as of January 28th, 2020).

SO in other words DO NOT PANIC .........