ANNUAL INFORMATION FORM – XEBEC ADSORPTION INC. – For ...
ANNUAL INFORMATION FORM – XEBEC ADSORPTION INC. – For ...
ANNUAL INFORMATION FORM – XEBEC ADSORPTION INC. – For ...
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Pressure Swing Adsorption (“PSA”) systems into industrial markets, and increased the capacity<br />
of its products to address new markets. As part of this process, QuestAir entered into a joint<br />
development agreement with ExxonMobil Research and Engineering (“EMRE”) to develop a<br />
large scale hydrogen purifier for the refinery market. In addition, QuestAir developed methane<br />
purification systems that can be used to upgrade biogas to renewable natural gas.<br />
Overview of 2008-2011<br />
This section contains historical information regarding material events and commitments<br />
of Xebec and QuestAir for 2008, 2009, 2010 and 2011.<br />
2011<br />
In this section, material events and commitments for the period between January 1, 2011 and<br />
March 31, 2011 are presented.<br />
On March 17, 2011, Xebec announced that it had signed a license and engineering<br />
agreement for a total value of USD 3.25 million with Nuvera Fuel Cells to allow for the<br />
development of two rapid cycle hydrogen purification units for use in hydrogen refueling and<br />
merchant hydrogen applications.<br />
On the same day, Xebec also announced the departure of the Company's Chief Financial<br />
Officer, Ginette Gagné, effective March 14 and appointed Ms Lyne Routhier, C.A. to assume the<br />
responsibility of Chief Financial Officer on an interim basis.<br />
On February 8, 2011, Xebec announced the launch of the first renewable energy project<br />
in California to purify biogas from a wastewater treatment facility as a joint project between the<br />
City of Escondido, Southern California Gas Co. and Xebec.<br />
On January 24, 2011, Xebec announced the extension of engineering services valued at<br />
USD 2.0 million to ExxonMobil Research and Engineering Company ("EMRE") for ongoing<br />
development work related to new applications for Xebec's proprietary Rapid Cycle PSA<br />
technology.<br />
On January 19, 2011, Xebec announced the signature of a contract valued at RMB 6<br />
million to provide a complete biogas upgrading plant to Heilongjiang Loonggas Investment Co.,<br />
Ltd. in China.<br />
On January 14, 2011, Xebec announced the signature of a Memorandum of Understanding<br />
(MOU) with Anyang Yinshang Ltd. ("Yinshang") for the development of biogas upgrading<br />
projects in China.<br />
2010<br />
In this section, material events and commitments for the period between January 1, 2010<br />
and December 31, 2010 are presented.<br />
On November 2, 2010, Xebec announced the completion of a private placement of units<br />
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