FormerXBC Inc XEBEQ

For those who haven't read the September presentation

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I'll highlight the excerpts that I consider the most significant, bearing in mind that this presentation is very recent. I'll sart with the one that has always been my favourite. I'll finish with only a couple of comments.

-Xebec is the world’s only focused “Renewable Gas Company” with exposure to both renewable natural gas (RNG) and renewable hydrogen (H2)

-• Based on targets we estimate the market exceeds $10.9B for our cleantech equipment based on estimated 2,300 project requirement in Xebec’s core target geographies (U.S, Canada, Italy, France, China)

-4 Total Acquisitions Completed, 1-2 More Targeted in 2020

-Repeat business through service contracts and replacement parts, 65 - 70% recurring revenue

-Estimate 600 to 800 projects will need to be built, approximately 11 operating in Canada

-• More than 65 renewable natural gas and 200 hydrogen projects deployed worldwide

     It's nice to see they are maintaining guidance, although the deteriorating Covid situations in the US, France, and Italy are certainly a headwind.
      If they're still putting 1-2 more acquisitions this year in writing, I think we can be confident there will be at least one.
      The 65 -70% recurring revenue is mentioned in their discussion about their acquisition strategy.
      As for that last excerpt, there are times reading the presentation that Xebec sounds more like a Hydrogen company than a Natural Gas/Cleantech company.