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Bullboard - Stock Discussion Forum FormerXBC Inc XEBEQ

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,... see more

GREY:XEBEQ - Post Discussion

FormerXBC Inc > Haskel and HyGear partnership..
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Post by kulewater on Sep 13, 2022 12:44pm

Haskel and HyGear partnership..

Haskel and HyGear partner to offer end-to-end hydrogen refuelling to European market

By  on Sep 13, 2022

Haskel Hydrogen Systems Group and HyGear have partnered to offer combined hydrogen generation and refuelling infrastructure to the European market.

The companies revealed today (September 13) they plan to leverage on Haskel’s refuelling system experience and HyGear’s hydrogen production expertise to provide end-to-end refuelling stations.

H2 View understands the partnership will initially focus on the market in western Europe and vehicle classes including HGVs, buses, refuse trucks, forklifts, light commercial vehicles, and rail.

Haskel in September 2021 announced plans to expand its global business to better serve the hydrogen economy after receiving a multimillion dollar investment from its parent company, Ingersoll Rand.

Jake Martin, Hydrogen Business Development Manager at Haskel, commented, “HyGear are hydrogen generation specialists and a perfect partner for us. Anyone wanting a full refuelling station can come to us and be supplied with the complete package, including on-site generation.”

In 2020, Xebec announced it was set to acquire HyGear’s parent company, Green Vision Holdings. It was hoped the acquisition would allow access to new markets and enable HyGear to launch a commercially viable green hydrogen product offering.

Niels Lanser, Business Development Director Hydrogen at Hygear, added, “Haskel’s extensive knowledge of how to deliver hydrogen into the full range of fuel cell electric vehicles made them an obvious choice for us. We look forward to realising the significant commercial opportunities that this collaboration will bring.”
Comment by kulewater on Sep 13, 2022 12:53pm
Some detail on Haskel's related developments: Haskel Hydrogen Systems receives significant investment to meet growing global demand Haskel Hydrogen Systems, a business of the Precision and Science Technologies Segment at Ingersoll Rand Inc. (NYSE:IR), has announced that, in order to satisfy increasing global demand, it has ...more  
Comment by sumpineh on Sep 13, 2022 12:57pm
 Great find Kulewater! Your DD is much appreciated.
Comment by Ottery on Sep 13, 2022 1:39pm
If Hygear scales right it should easily be worth several hundred million
Comment by tamaracktop on Sep 13, 2022 8:37pm
The headline would have looked better if it read Ingersoll Rand and Xebec..... . Ingersoll Rand is worth $20 billion. Haskel is a subsidiary.
Comment by Zebec2021 on Sep 13, 2022 9:53pm
Comment by tony08 on Sep 13, 2022 1:05pm
In recent days, following the exaggerated drop in the stock price that we are experiencing, many have mentioned that Xebec should sell part of its acquisitions to finance itself.   We seem to forget that during the presentation of Q2, in addition to settling the legacy issues, management clearly said that they could also seek partnership as a solution.   Now we have an example of ...more  
Comment by Zebec2021 on Sep 13, 2022 4:11pm
Comment by babedinkleman on Sep 13, 2022 5:28pm
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