Montreal's Xebec Converts Its Wholly Owned Chinese Subsidiary Into a Sino-Joint Venture


MONTREAL AND SHANGHAI, September 21st, 2015 - Xebec Adsorption Inc. (TSXV: XBC) (“Xebec”), a provider of gas purification and filtration solutions for the natural gas, field gas, biogas, helium, and hydrogen markets, announced today that its wholly owned subsidiary, Xebec Adsorption (Shanghai) Co., Ltd. (“Xebec Shanghai”) has received an investment of RMB 16.5 million, representing a 30% ownership share, by Shanghai Chengyi New Energy Venture Capital Co., Ltd, an investment subsidiary of Shanghai- based Shenergy Group. Xebec Shanghai has, in the course of this investment, been converted to a Sino-Joint Venture Company.

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