PRESS RELEASE: Montreal (QC), June 15, 2010 — Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a provider of biogas upgrading, natural gas and hydrogen purification solutions for the clean energy market, announced today that it has signed a multi-year supply agreement — and has received the first multi-unit purchase order under the agreement — with Nuvera Fuel Cells (“Nuvera”), a leading supplier of fuel cell and hydrogen re-fueling systems in the U.S. and Europe.Under the terms of the non-exclusive agreement, Nuvera will purchase Xebec’s proprietary H-3300 pressure swing adsorption (“PSA”) systems for incorporation in Nuvera’s PowerTap® Hydrogen Generator and Hydrogen Stations to provide customers with a cost effective source of hydrogen for refueling of fuel cell powered vehicles. The agreement expands on cooperative work done by Xebec and Nuvera over the past several years to develop advanced products that support the commercialization of clean energy technologies such as fuel cells for forklift truck applications. The H-3300 PSA will purify hydrogen to 99.999% or better to provide a clean fuel for the fuel cell whose only emission is water.
“We are extremely pleased that Xebec’s H-3300 hydrogen purifier was selected as a key component in Nuvera’s product line,” said Kurt Sorschak, President and CEO of Xebec. “Nuvera is a leading and visionary supplier of fuel cell power systems and hydrogen generation and refueling systems for clean energy applications. As hydrogen purification is one of Xebec’s four primary business growth segments, Xebec shares this vision and sees our proven hydrogen purification technology as a key enabler for the global clean energy and hydrogen infrastructure future,” says Sorschak.
“We have great faith in Xebec and believe that our missions are aligned in creating a clean energy future. After careful evaluation of all available technologies, Xebec’s proven advanced PSA technology was selected since it provided us with the most reliable, cost-effective and efficient solution for our critical applications,” commented Roberto Cordaro, Nuvera’s President and CEO.
The initial term of the agreement is for three years. Shipment of the first units will take place in the third quarter of 2010. Terms of the agreement were not disclosed.
ABOUT XEBEC ADSORPTION INC.
Xebec Adsorption Inc. is a global provider of clean energy solutions to corporations and governments looking to reduce their carbon footprints. With more than 1,300 customers worldwide, Xebec designs, engineers and manufactures innovative products that transform raw gases into marketable sources of clean energy. Xebec’s strategy is focused on establishingleadership positions in markets where demand for biogas upgrading, natural gas dehydration and hydrogen purification is growing. Headquartered in Montreal (QC), Xebec is a global company with two state-of-the-art manufacturing facilities in Montreal and Shanghai, an R&D facility in Vancouver (BC) as well as a sales and distribution network in North America, Asia and Europe. Xebec trades on the TSX under the symbol XBC. For additional information on the company and its products and services, please visit the Xebec web site at www.xebecinc.com.
ABOUT NUVERA FUEL CELLS
Nuvera Fuel Cells is an alternative-power technology company focused on fuel cell stacks and related systems, on-site hydrogen production and dispensing systems for both commercial end-users and OEMs. Located in the U.S. and Europe, Nuvera manufactures hydrogen supply and fuel cell power products designed for efficiency, safety, and productivity. Visit www.nuvera.com.
Caution Concerning Forward-Looking Statements
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.
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