FormerXBC Inc XEBEQ

GRN vs. XBC in USA

[ZouZS3]

2 different companies, 2 different strategies. In the past few years, Xebec has been acquiring manufacturing facilities and service companies, building strong partnerships in the USA while also acquiring companies globally and growing geographically. Not to forget that Xebec is also in Oxygen, Nitrogen, Hydrogen, a solution for many different types of industries. I see a lot of diversification. Also Decentralizing production helps in minimizing the impact of supply chain issues. When xebec announce contracts it announces them in terms of units not dollars which further affirm they think in terms of production. conomies of scale. On the other hand, GRN focused on signing contracts. All their headlines look like this: "contracts valued in total at$7.1 million" or "$12.8 Million in Biogas Upgrading System Supply Contracts" or "system supply agreement for $6.1 million (US$4.8 million)" they think and attract investors by the dollar signs. They focus on volume and closing deals as fast as possible. I don't think it's a strategy that will strive in the long term. Looks good in the short-term. When another company like xebec is building a true foundation and structure with complete control over it's operations and better control over costs, the moment they will start focusing solely on acquiring market share it will hurt lots of players in the industry