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xebec adsorption inc (XBC) Snapshot

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xebec adsorption inc (XBC) Details

Xebec Adsorption Inc. designs, manufactures, and sells purification, separation, dehydration, and filtration equipment for gases and compressed air in Canada and internationally. The company offers biogas plants for the purification of biogas from agricultural digesters, landfill sites, and waste water treatment plants; natural gas dryers for natural gas vehicle refueling stations and for natural gas upgrading; hydrogen purification pressure swing adsorption (PSA) systems; helium purification PSA systems; and field gas purification systems. It also provides associated gas purification systems that enable diesel displacement on drilling sites; and filtration and separation equipment, including water separators for bulk water removal, coalescing filters for the removal of fine water droplets, and particulate filters used for the capture of particles. The company markets its products under the BGX Solutions, NGX Solutions, H2X Solutions, SGX Solutions, AGX Solutions, and FSX Solutions brands. Xebec Adsorption Inc. was founded in 1965 and is headquartered in Blainville, Canada.

80 Employees
Last Reported Date: 08/31/15
Founded in 1965

xebec adsorption inc (XBC) Top Compensated Officers

Co-Founder, Chairman, Chief Executive Officer...
Total Annual Compensation: C$286.9K
Chief Financial Officer and Vice President
Total Annual Compensation: C$23.8K
Corporate Vice President of Business Developm...
Total Annual Compensation: C$141.2K
Corporate Vice President of Sales and Vice Pr...
Total Annual Compensation: C$141.2K
General Manager of Xebec China
Total Annual Compensation: C$135.8K
Compensation as of Fiscal Year 2014.

xebec adsorption inc (XBC) Key Developments

Xebec Adsorption Inc. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Xebec Adsorption Inc. reported unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenues of $2.2 million against $3.5 million a year ago. LBITDA was $1.1 million against $0.6 million a year ago. Net loss was $1.2 million against $0.7 million a year ago. Net loss per share basic and diluted was $0.03 against $0.02 per share a year ago. The revenue decrease is explained by lower sales in the Natural Gas Dryer segment and Gas Purification respectively by loss of $0.2 million and $0.5 million, and no sales in the Associated Gas segment during this quarter compared to $0.6 million in the corresponding period last year. For the six months, the company reported revenues of $5.3 million against $6.1 million a year ago. LBITDA was $1.0 million against $1.4 million a year ago. Net loss was $1.2 million against $1.6 million a year ago. Net loss per share basic and diluted was $0.03 against $0.04 per share a year ago. The revenue decrease is mainly due to lower sales in Gas Purification segment and Associated Gas segment loss by respectively $0.4 million and $0.6 million.

Xebec Adsorption Inc. Commences Operation of its First Commercial Landfill Gas to CNG Upgrading System in Anshan, North Eastern China

Xebec Adsorption Inc. announced that it has commenced operation of its first commercial landfill gas to CNG upgrading system in Anshan, North Eastern China. This landfill gas upgrading system is based on Xebec's fast cycle pressure swing adsorption (PSA) technology, assembled and integrated at Xebec's Shanghai facility according to Chinese code and certification requirements. The upgrading system is operating within a variable pressure envelope of 90 to 120 psig and dynamic feed flow parameters between 500 and 1300 m3/h. In addition, Xebec is deploying a kinetic adsorption process to continuously remove varying amounts of nitrogen (N2) and oxygen (O2), while maintaining corresponding recovery rates of 83% to 91%, and product gas purity levels of 94% to 98.6% methane (CH4). The high quality product gas will be used to power natural gas taxis that operate in the City of Anshan.

Xebec Adsorption Inc. Announces Earnings Results for the First Quarter Ended March 31, 2015

Xebec Adsorption Inc. announced earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenues of $3.1 million compared to $2.6 million a year ago. EBITDA was $0.03 million compared to LBITDA of $0.8 million a year ago. Net loss was $0.05 million compared to $0.9 million a year ago. This increase in Revenue was due mainly to a revenue increase in its NGX business segment. The improvement in EBITDA mainly explained by a reduction in overall SG&A and development expenses and a currency gain during the first quarter of 2015.


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