Montréal, Québec (FSCwire) - Xebec Adsorption Inc. (TSXV:
XBC) (“Xebec”), a global provider of gas generation, purification, and filtration solutions, announced today that it has
entered into a Letter of Intent to establish a three year partnership with SAPIO, Italy’s largest distributor of technical gases,
to help develop Italy’s renewable natural gas (RNG) upgrading infrastructure from biogas facilities such as landfills, digesters
and waste water treatment plants.
Canadian-based clean energy provider Xebec confirmed today that it has signed an exclusive agreement to join forces
with SAPIO Produzione Idrogeno Ossigeno Srl in developing the biomethane (BM) market in Italy. Xebec will be responsible for
designing, building, installing and servicing SAPIO’s biogas upgrading projects, from landfills, agri-waste and dairy digesters,
and waste water treatment facilities, using Xebec’s adsorption technology solution. Details on potential project value and
timeframe will follow in the near future.
Tested and Proven: This partnership agreement with SAPIO is a reflection of the success Xebec has
already experienced with its partner in France where Xebec is now the leading supplier of Pressure Swing Adsorption (PSA)
systems. Leading-edge performance measures, coupled with its tested technologies, Xebec has proven itself a serious player on the
world stage in biogas upgrading.
“We’re thrilled at the recognition and interest we are receiving from potential customers, partners and suppliers.
Although Xebec has been involved globally in renewable natural gas projects for over a decade, it is just within the last few
years that RNG has become recognized as a viable, ultra-clean, ultra-low carbon natural gas alternative. Our building order book
and partnerships are clear indicators that we are in the right place at the right time. Our future looks bright." — Prabhu
Rao, Chief Operating Officer, Xebec Adsorption Inc
Clean and Green: Italy has made an extraordinary commitment in its 2020 national plan to
increasing energy efficiency and reducing energy consumption as part of the European Renewable Energy Directive (RED) target.
“SAPIO, like many corporations and countries around the world, is committed to that target, providing
cost-effective, sustainable solutions through increased development, deployment and utilization of renewable natural gas so that
present and future generations will have access to this domestic, renewable, clean fuel and energy supply.” – Andrea Dossi,
Group Vice President, Sapio Produzione Idrogeno Ossigeno Srl
Source: Xebec Related Links www.xebecinc.com http://www.sapio.it/
For more information:
Sandi Murphy, Xebec Adsorption Inc., Director, Investor Relations and Communications
+1.450.979.8718 smurphy@xebecinc.com
About Xebec Adsorption Inc.
Xebec Adsorption Inc. is a global provider of gas generation, purification and filtration solutions for the
industrial, energy and renewables marketplace. Its customers range from small to multi-national corporations and governments
looking to reduce their carbon footprints. Headquartered in Montreal (QC), Xebec designs, engineers and manufactures innovative
and transformative products, and has more than 1,500 customers worldwide. With two manufacturing facilities in Montreal and
Shanghai, as well as a sales and distribution network in North America, Europe, and Asia, Xebec trades on the TSX Venture
Exchange under the symbol XBC. For additional information on the company, its products and services, visit Xebec at xebecinc.com.
About Sapio
SAPIO Produzione Idrogeno Ossigeno S.r.l. produces and supplies industrial gases, and provides integrated services
for customers in Italy and internationally. Its products include oxygen, hydrogen, nitrogen, and other gases that have
applications in the fields of food, environment and energy, biotechnology, chemical-pharmaceutical, electronic,
mechanical-metallurgical, health, glass and cement. SAPIO Produzione Idrogeno Ossigeno S.r.l. was founded in 1922 and is based in
Monza, Italy.
Cautionary Statement
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Certain statements in this press
release may constitute "forward-looking" statements within the meaning of applicable securities laws. This forward looking
information includes, but is not limited to, the expectations and/or claims of management of Xebec with respect to information
regarding the business, operations and financial condition of Xebec. Forward-looking information contained in this press release
involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements
of Xebec or industry results, to be materially different from any future results, performance or achievements expressed or
implied by such forward-looking statements. This list is not exhaustive of the factors that may affect forward-looking
information contained in this press release. When used in this press release, such statements use such words as "anticipate",
"believe", "plan", "estimate", "expect", "intend", "may", "will" and other similar terminology. These statements reflect current
expectations regarding future events and operating performance and speak only as of the date of this presentation.
Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or
results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors
could cause actual results to differ materially from the results discussed in the forward-looking statements.
To view the associated document to this release, please click on the following link:
public://news_release_pdf/XebecE02162018.pdf
To view the original release, please click here
Source: Xebec Adsorption Inc (TSX Venture:XBC, OTC Bulletin Board:XEBEF)
To follow Xebec Adsorption Inc on your favorite social media platform or financial websites, please click on the icons
below.
Maximum News Dissemination by FSCwire. https://www.fscwire.com
Copyright © 2018 FSCwire