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XEBEC ADSORPTION (OTCMKTS: XEBEF) STOCK QUOTE

Last Trade: US$0.64
Volume: 6,403
5-Day Change: -1.00%
YTD Change: -1.00%
Market Cap: US$97.280M

LATEST NEWS FROM XEBEC ADSORPTION

June 22, 2022
Xebec Adsorption Announces PSA Supply Agreement with Haffner Energy for Cost-Effective Green Hydrogen Production
Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of sustainable gas technologies, is pleased to announce today that it has signed an agreement to supply its proprietary Pressure Swing Adsorption (“PSA”) technology to support the deployment of Haffner Energy’s (PA: ALHAF) HYNOCA® solution. HYNOCA® is a unique and cost-effective technology for decarbonizing and producing green carbon negative hydrogen and... Read More
May 13, 2022
Xebec Adsorption Announces Voting Results from Annual Meeting of Shareholders
Xebec Adsorption Inc. (TSX: XBC) (" Xebec " or the " Corporation "), a global provider of clean energy solutions, in accordance with Toronto Stock Exchange requirements, announced the voting results from its Annual Meeting of Shareholders which was held on virtually on Thursday May 12, 2022 . All seven (7) nominees listed in the management information circular dated March 31, 2022 (the " Circular "), were elected as... Read More
May 12, 2022
Xebec Adsorption Announces Q1 2022 Financial Results
Xebec Adsorption Inc. (TSX: XBC) (“ Xebec ” or the “ Company ”), a global provider of sustainable gas technologies, announced today its 2022 first quarter results, with the following highlights: First Quarter 2022 Highlights Revenues of $41.2 million compared to $20.6 million Gross margin of $4.6 million (11%) compared to $4.2 million (20%) Adjusted EBITDA of ($9.0) million compared to ($4.9) million Adjusted EBITDA... Read More
April 28, 2022
Xebec Adsorption to Announce Q1 2022 Results on May 12 and Host Investor Webinar
Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions, will announce its 2022 first quarter financial results on Thursday, May 12, 2022, before the market opens at 7:00 AM EDT, followed by a webinar at 8:30 AM EDT (5:30 AM PDT). Xebec invites shareholders, analysts, investors, media representatives, and other stakeholders to attend our webinar where management will discuss Q1 2022 results... Read More
April 12, 2022
Xebec Adsorption Announces $113.5M Order for CO2 Capture and Sequestration Equipment with Summit Carbon Solutions
Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of sustainable gas technologies, is pleased to announce today that its subsidiary Xebec Systems USA LLC, has signed a contract valued at USD113.5 million (CAD143.2 million) with Iowa-based SCS Carbon Removal LLC, a subsidiary of Summit Carbon Solutions. The contract follows a previously announced MOU signed on March 28, 2022, for 51 carbon dioxide (CO 2 )... Read More
March 29, 2022
Xebec Adsorption Presents Three-Year Strategic Plan to Power Its Growth in Sustainable Gases
Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of sustainable gas technologies, is pleased to announce today its three-year strategic plan to power its growth in sustainable gases. The plan is being presented today at Xebec’s first investor day in Denver, CO and is expected to position the company to target approximately CAD$300–$350 million in revenues and an adjusted EBITDA margin (non-IFRS) 1 of... Read More
March 28, 2022
Xebec Adsorption Announces MOU for CO2 Capture and Sequestration Equipment with Summit Carbon Solutions
Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of sustainable gas technologies, is pleased to announce today that it has signed a Memorandum of Understanding (“MOU”) with Iowa-based SCS Carbon Removal LLC, a subsidiary of Summit Carbon Solutions. The MOU supports the negotiation of an order in excess of USD$100 million (CAD$126 million) for 51 carbon dioxide (CO 2 ) reciprocating compression packages to be... Read More
March 17, 2022
Xebec Adsorption Announces Accelerated CEO Transition
Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of sustainable gas technologies, announces that in recognition of the accelerated progress made to date in transitioning Jim Vounassis into the role of President and CEO of Xebec, it has been determined to advance the formal date of such transition from May 12, 2022, such that it will take effect immediately. Mr. Vounassis has also been appointed to the Board of... Read More
March 17, 2022
Xebec Adsorption Announces Q4 and Year End 2021 Financial Results
Xebec Adsorption Inc. (TSX: XBC) ("Xebec"), a global provider of sustainable gas technologies, announced today its 2021 fourth quarter and year end results, with the following highlights: Fourth Quarter 2021 Highlights Revenues of $45.9 million compared to $6.4 million Gross margin of $10.3 million (22%) compared to ($11.4) million (-180%) Adjusted EBITDA of $0.2 million compared to ($22.6) million Net income of $2.4 million... Read More
March 3, 2022
Xebec Adsorption to Announce Q4 and Year End 2021 Results on March 17 and Host Investor Webinar
Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of sustainable gas technologies, will announce its 2021 fourth quarter and year end financial results on Thursday, March 17, 2022, before the market opens at 7:00 AM EST, followed by a webinar at 8:30 AM EST (5:30 AM PST). Xebec invites shareholders, analysts, investors, media representatives, and other stakeholders to attend our webinar where management will... Read More
February 24, 2022
Xebec Adsorption Announces Board Resignation of Karen Nielsen
Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of sustainable gas technologies, announced today that Karen Nielsen, has resigned as a member of Xebec’s Board of Directors as of February 23, 2022. Ms. Nielsen has recently relocated after accepting a position as an energy transition executive. As a result, Ms. Nielsen has decided to focus both on her new role while also avoiding any potential conflicts of... Read More
February 23, 2022
Xebec to Host First Investor Day in Colorado on March 29, 2022
Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of sustainable gas technologies, is pleased to announce today that it will hold its first investor day, in person and on livestream, on Tuesday, March 29, 2022, in Denver, Colorado. The event will begin at 11:00 AM MST (1:00 PM EST) and will showcase the company’s worldwide capabilities, disruptive clean technologies for sustainable gases, and the multi-year... Read More
November 11, 2021
Xebec Announces Q3 2021 Financial Results
Xebec Adsorption Inc. (TSX: XBC) ("Xebec"), a global provider of clean energy solutions, announced today its 2021 third quarter results, with the following highlights: Revenues of $26.7 million for the three-month period ended September 30, 2021, compared to $18.4 million for the same period the prior year. Gross margin of $10.1 million (38%) for the three-month period ended September 30, 2021, compared to $4.4 million (24%)... Read More
November 3, 2021
Xebec Acquires Colorado-based UECompression to Establish North America’s Leading Renewable Natural Gas and Hydrogen Manufacturing Facility
Key Transaction Highlights Acquisition of Denver area based UECompression (“UEC”) to expand North American production capacity five-fold for a total of 150 to 190 containerized BGX Biostream™ (“Biostream) and Hy.GEN® hydrogen units per year to meet accelerating U.S. demand for standardized renewable gas systems Further optimizes global manufacturing footprint by bringing Xebec’s European gas generation products such as... Read More
October 28, 2021
Xebec to Announce Q3 2021 Results on November 11 and Host Investor Webinar
Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions, will announce its 2021 third quarter financial results on Thursday, November 11, 2021, before the market opens at 7:00 AM EST, followed by a webinar at 8:30 AM EST (5:30 AM PST). Xebec invites shareholders, analysts, investors, media representatives, and other stakeholders to attend our webinar where management will discuss Q3 2021... Read More
October 21, 2021
Xebec Receives EU Research Grant to Design and Build 1 MW Electrolyser System for Production of Sustainable Liquid Fuels
Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions, is pleased to announce today that it has received a research grant to design and manufacture a new type of electrolyser system. Under the ECO2Fuel consortium, the total approved budget of €20.1 million (CAD $28.9 million) will be shared among partners to execute the project which aims to convert captured CO2 and water with renewable... Read More
October 6, 2021
Xebec Announces BGX Biostream™ Orders from Brightmark and Chevron Renewable Natural Gas Partnership
Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions, is pleased to announce today that it has signed the first set of task orders under the previously announced Master Service Agreement (“MSA”) for an initial 18 BGX-Biostream™ (“Biostream”) units with Brightmark RNG Holdings LLC. Brightmark RNG Holdings LLC is a joint venture between Brightmark and Chevron U.S.A. Inc., a subsidiary of... Read More
September 30, 2021
Xebec Announces On-site Hydrogen Contract with Turkey-based Flat Steel Manufacturer
Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions, is pleased to announce today that it has signed a contract to supply two Hy.GEN® 150 units with a Turkey-based flat steel manufacturer. The two units will have a capacity of approximately 600 kg of hydrogen per day (220 tons per year) at 99.999% purity to create a protective atmosphere within the annealing heat-treatment process. This... Read More
August 12, 2021
Xebec Announces Q2 2021 Financial Results
Xebec Adsorption Inc. (TSX: XBC) ("Xebec"), a global provider of clean energy solutions, announced today its 2021 second quarter results, with the following highlights: Record revenues of $32.7 million for the three-month period ended June 30, 2021, compared to $19.6 million for the same period the prior year. Adjusted EBITDA of ($4.6) million for the three-month period ended June 30, 2021, compared to ($0.1) million for the... Read More
August 11, 2021
Xebec Welcomes Mr. Brian Levitt to Board of Directors
Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions, is pleased to announce that Mr. Brian Levitt has joined Xebec’s Board of Directors, effective today. Mr. Levitt was previously a special advisor to the Board, providing counsel with respect to strategic, commercial and corporate finance matters. “We are excited to be welcoming Brian to the board as an official member. It has been an... Read More
July 29, 2021
Xebec to Announce Q2 2021 Results on August 12 and Host Investor Webinar
Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions, will announce its 2021 second quarter financial results on Thursday, August 12, 2021, before the market opens at 7:00 AM EST, followed by a webinar at 8:30 AM EDT (5:30 AM PDT). Xebec invites shareholders, analysts, investors, media representatives, and other stakeholders to attend our webinar where management will discuss Q2 2021... Read More
July 6, 2021
Xebec Announces Master Service Agreement for BGX Biostream™ units with Leading U.S. RNG Dairy Farm Developer and Starts Production of 30 Systems
Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions, is pleased to announce today that it has signed a Master Service Agreement (“MSA”) with a leading U.S.-based renewable natural gas (“RNG”) dairy farm project developer for the purchase of BGX Biostream™ (“Biostream”) units. The MSA will support the order of an initial 18 units, with the potential for additional orders under the same... Read More
June 29, 2021
Xebec Announces Director Election Results
Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions, announces that all eight (8) nominees listed in the management information circular dated May 18, 2021 (the “Circular”), were elected as directors of Xebec at its Annual and Special Meeting of Shareholders which was held on virtually on Tuesday, June 29, 2021. Each of the directors was elected by a majority of the votes cast by... Read More
June 23, 2021
Xebec Commissions Gas-as-a-Service On-site Hydrogen Generation System for Turkey's First Lubricant Recycling Plant
Contributing to the circular economy with on-site hydrogen production for Turkey’s first re-refinery of Group II base oils Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions, is pleased to announce today that its wholly owned subsidiary HyGear, has successfully commissioned an on-site hydrogen generation system for TAYRAŞ’ used lubricant oil re-refinery in Turkey. Approximately 560 kg of... Read More
June 14, 2021
Xebec Acquires Tiger Filtration to Leverage Recurring Element and Filter Manufacturing Platform for Renewable Gases
Profitable aftermarket business with capabilities for hydrogen and renewable natural gas replacement parts Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions, is pleased to announce that on June 11, 2021, it has closed the acquisition of all the outstanding shares of United Kingdom based Tiger Filtration (“TFL”). The acquisition of TFL will provide Xebec with a very profitable and... Read More
June 9, 2021
Xebec Signs 10-year Gas-as-a-Service Contract for Hydrogen Recycling
Long-term pay-per-use contract to recover spent gases in glass manufacturing Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions, is pleased to announce today that its wholly owned subsidiary HyGear, has signed a 10-year hydrogen recycling Gas-as-a-Service contract with one of the largest glass manufacturers in the world. The pay-per-use contract is valued at approximately $1.6 million in... Read More
May 26, 2021
Xebec Announces Supply Agreement for Hydrogen Fueling Station in the Netherlands
Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions, is pleased to announce today that its wholly owned subsidiary HyGear, has signed an agreement to supply hydrogen to a fueling station in the Netherlands. The agreement includes the on-site generation and delivery of 130,000 kg of hydrogen from HyGear’s nearby decentralized hydrogen production hub in Arnhem, Netherlands over a 1.5-year... Read More
May 19, 2021
Xebec Announces Appointment of Chief Operating Officer and VP Global Operations
Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions, is pleased to announce Jim Vounassis will be appointed as Chief Operating Officer (“COO”) and Mike Munro will join as the company’s first Vice President Global Operations effective May 31, 2021. Mr. Vounassis is a transformational senior executive with strong international experience and a proven track record in driving organizational... Read More
May 13, 2021
Xebec Announces Q1 2021 Financial Results
Xebec Adsorption Inc. (TSX: XBC) ("Xebec"), a global provider of clean energy solutions, announced today its 2021 first quarter results, with the following highlights: Revenues increased by $8.4 million to $20.6 million for the three-month period ended March 31, 2021, compared to $12.2 million for the same period the prior year. Adjusted EBITDA of ($5.8) million for the three-month period ended March 31, 2021, compared to... Read More
May 3, 2021
Xebec Expands U.S Manufacturing Capacity with Acquisition of Tennessee Based Nortec
Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions, is pleased to announce on April 30, 2021, it has closed the acquisition of all the outstanding shares of Tennessee based Nortekbelair Corporation (“Nortec”). Nortec’s principal, Mike Zarif, Ph.D, will remain with Nortec after the acquisition and continue his focus on R&D and product development within the company. With this acquisition,... Read More
April 29, 2021
Xebec to Announce Q1 2021 Results on May 13 and Host Investor Webinar
Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions, will announce its 2021 first quarter financial results on Thursday, May 13, 2021 before the market opens at 7:00 AM EST, followed by a webinar at 8:30 AM EST (5:30 AM PST). Xebec invites shareholders, analysts, investors, media representatives, and other stakeholders to attend our webinar where management will discuss Q1 2021 results... Read More
April 8, 2021
Xebec Welcomes Ms. Karen Nielsen to Board of Directors
Senior-level energy executive with experience in oil and gas operations, business development, engineering and finance Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions, is pleased to announce that Ms. Karen Nielsen has joined Xebec’s Board of Directors effective today. Ms. Nielsen was formerly the Chief Development Officer at Seven Generations Energy Ltd (TSX: VII), an energy producer... Read More
March 30, 2021
Xebec Supports Fight Against COVID-19 as Hospitals Adopt On-site Oxygen Generation
Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions, is pleased to announce today that its wholly owned subsidiary Inmatec, has received an order for 14 POC medical on-site oxygen generators for hospitals in Moldova. This contract follows a number of recent orders including one placed in December 2020 for 48 units, valued at €1.7 million, for hospitals in India. In addition, Inmatec has... Read More
March 25, 2021
Xebec Announces Q4 and Full Year 2020 Financial Results
Xebec Adsorption Inc. (TSX: XBC) ("Xebec"), a global provider of clean energy solutions, announced today its 2020 fourth quarter and full year results, with the following highlights: Revenues increased by $7.2 million to $56.5 million for the twelve-month period ended December 31, 2020, compared to $49.3 million for the same period the prior year. Adjusted EBITDA of ($22.0) million for the twelve-month period ended December... Read More
March 16, 2021
Xebec Comments on Filing of Lawsuit
Xebec Adsorption Inc. (TSX: XBC) (“ Xebec ” or the “ Corporation ”), has become aware that a legal proceeding in the Québec Superior Court (Class Actions Division) in the District of Montréal, has been issued initiating a proposed class action against the Corporation, certain of its current directors and officers, and the underwriters of Xebec’s December 2020 bought deal public offering of subscription receipts by way of... Read More
March 15, 2021
Xebec and Coregas Partner to Accelerate Development of Hydrogen Ecosystems in Australia and New Zealand
MONTREAL, March 15, 2021 (GLOBE NEWSWIRE) -- Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions, is pleased to announce that its wholly owned subsidiary HyGear, and Coregas, a Wesfarmers (ASX: WES) company, signed a Memorandum of Understanding (“MOU”) to develop a robust ecosystem for the deployment of highly efficient hydrogen supply to the transport, industrial and commercial markets... Read More
March 12, 2021
Xebec Provides Updated 2020 Guidance
Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions, announced today that the Company is in the process of finalizing its financial results for the fourth quarter and year ended December 31, 2020, which will be released on March 25 th , 2021. As a result of extraordinary items in its Cleantech business segment and due to the impact of the Covid-19 pandemic, Xebec no longer expects to... Read More
March 11, 2021
Xebec to Announce Q4 and Year End 2020 Results on March 25 and Host Investor Webinar
Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions, will announce its 2020 fourth quarter and year end financial results on Thursday, March 25 th , 2021 before the market opens at 7:00 AM EST, followed by a webinar at 8:30 AM EST (5:30 AM PST). Xebec invites shareholders, analysts, investors, media representatives, and other stakeholders to attend our webinar where management will discuss... Read More
February 24, 2021
Xebec Announces $59M in Credit Facilities from National Bank of Canada
Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions for renewable and low carbon gases, announced today that it has secured credit facilities with National Bank of Canada’s Technology and Innovation Banking Group for a total value of up to $59.25 million CAD. The expanded facilities will provide Xebec with greater financial flexibility and cash management to pursue its growth trajectory... Read More
February 22, 2021
Xebec Completes Acquisition of Inmatec
Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions for renewable and low carbon gases, is pleased to announce today the closing of the previously announced acquisition of Inmatec Gase Technologie GmbH & Co. KG, Inmatec GmbH and Inmatec Gas Technology FZC RAK (collectively, “Inmatec”). Inmatec is a leading manufacturer of on-site nitrogen and oxygen generators. With innovative stationary... Read More
February 16, 2021
Xebec Launches Hydrogen Supply Strategy in the United Kingdom
Signed Gas-as-a-Service contract with Saint-Gobain and started construction of a Decentralized Hydrogen Production Hub Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions for renewable and low carbon gases, is pleased to announce that its wholly owned subsidiary HyGear, has signed a Gas-as-a-Service (“GaaS”) contract with Saint-Gobain Glass (EPA: SGO) for a 15-year term. Saint-Gobain Glass... Read More
February 12, 2021
Xebec Announces Organizational Changes
Xebec Adsorption Inc. (TSX: XBC) (“ Xebec ” or the “ Corporation ”), a global provider of clean energy solutions for renewable and low carbon gases, today announced that effective immediately, Mr. Marinus Van Driel, who joined Xebec through its recent acquisition of HyGear, has been appointed to lead Xebec’s global hydrogen operations as the new President for the Global Hydrogen Group, in addition to his role as President... Read More
February 11, 2021
Xebec Announces Hydrogen Order for FuelCell Energy's Port of Long Beach Project
Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions for renewable and low carbon gases, is pleased to announce that it has received a hydrogen purification system order from FuelCell Energy, Inc. (NASDAQ: FCEL). FuelCell Energy is an innovator and manufacturer of fuel cell clean power platforms, delivering hydrogen, long-duration hydrogen energy storage, carbon capture, carbon separation... Read More

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