Q: Not a question but one day after you answered a series of questions on XBC, they released this NR so the positive momentum should continue. Thanks for your service.
Feb. 12, 2020 (GLOBE NEWSWIRE) -- Xebec Adsorption Inc. (TSXV: XBC) (“Xebec”), a global provider of clean energy solutions is pleased to announce today that $27.0 million in orders were received from U.S dairy farmers for a total of six turnkey biogas upgrading plants and small-scale containerized Biostream™ systems to produce Renewable Natural Gas (RNG).
Five of these contracts are from the conversion of a previously announced letter of intent signed on December 5th, 2019 that have turned into firm purchase orders and an additional project using our large-scale BGX Solutions.
These orders confirm Xebec’s strengthening position in the U.S dairy market as farmers look towards solutions that are reliable and have the lowest lifecycle costs. Xebec’s visibility and credibility in the marketplace are rapidly increasing due to its ability to provide local service and support through its “Xebec Service Centers”, while also providing systems that consume significantly less energy in converting biogas to RNG allowing for better project profitability.
Xebec expects to deliver the projects throughout 2020 and early 2021 with gross margin in line with our historic levels.
Feb. 12, 2020 (GLOBE NEWSWIRE) -- Xebec Adsorption Inc. (TSXV: XBC) (“Xebec”), a global provider of clean energy solutions is pleased to announce today that $27.0 million in orders were received from U.S dairy farmers for a total of six turnkey biogas upgrading plants and small-scale containerized Biostream™ systems to produce Renewable Natural Gas (RNG).
Five of these contracts are from the conversion of a previously announced letter of intent signed on December 5th, 2019 that have turned into firm purchase orders and an additional project using our large-scale BGX Solutions.
These orders confirm Xebec’s strengthening position in the U.S dairy market as farmers look towards solutions that are reliable and have the lowest lifecycle costs. Xebec’s visibility and credibility in the marketplace are rapidly increasing due to its ability to provide local service and support through its “Xebec Service Centers”, while also providing systems that consume significantly less energy in converting biogas to RNG allowing for better project profitability.
Xebec expects to deliver the projects throughout 2020 and early 2021 with gross margin in line with our historic levels.