FormerXBC Inc XEBEQ

Comparing Apples to Oranges

[SORNG1]

Xebec is continually being linked with Ballard and Plug in the Alternate Fuel section.  Ballard and Plug are reasonable to compare as they both are related to hydrogen fuel cells and the hopes of future hydrogen fuel cell transportation.  Will that really happen to a significant degree?  There are NO commercially available hydrogen fuel cell Class 8 Heavy Duty Trucks.  The Nikola roll out was a disaster.  Tesla is year away, if ever, from a commercially available Class 8 Heavy Duty Truck.  Hydrogen is expensive to produce and difficult to transport.  Big hurdles that must be crossed to make an economical hydrogen fuel cell heavy duty truck.   Cars are already working on hydrogen, but the fuel is expensive.   Xebec primarily offers RNG and RNG is already today working as a replacement fuel for diesel in Class 8 heavy duty trucks produced by Cummins, VOLVO, WEICHAI, and TATA.  These trucks are using EXISTING Internal combustion engines that have been mass produced for years.  It takes modification of 15% of the parts on the existing engines to convert from diesel to RNG.  Using Westport HPDI 2.0 fuel injection, the VOLVO FH LNG truck performs "on par" with diesel trucks related to power and torque.      The potential fo RNG in future transportation in addition to being able to seamlessly replace fossil natural gas in cooking, heating, and fueling of electric power plantsmake Xebec a completely different animal than Ballard, Plug Power, or TESLA.     Interesting side fact regarding the relationship to Ballard and Plug Power.   By using RNG and the HyGEAR technology, Xebec is able to produce Green Hydrogen more economically than any other producer of Green Hydrogen using electrolysis of water with Renewable Electricity.  This Green Hydrogen is essential for the success of Ballard and Plug Power.  .