Xebec Welcomes Mr. Brian Levitt as Advisor to its Board of Directors
January 20 2020 - 8:00AM
Xebec Adsorption Inc. (TSXV: XBC) (“Xebec”), a
global provider of clean energy solutions is pleased to announce
today that Mr. Brian Levitt will be providing strategic, commercial
and corporate finance advice to its board of directors and
management.
Mr. Levitt is the current Chairman of The
Toronto-Dominion Bank (TD) and has been an independent director on
TD's Board since December 2008. In addition to being Chairman of
TD, he also serves as director of Domtar Corporation and TD
Ameritrade Holding Corporation.
He is the former President and Chief Executive
Officer of Imasco Limited, during the time one of Canada’s largest
consumer goods and services companies.
Furthermore, Mr. Levitt served as Chairman of
the Board of Domtar Inc. (predecessor of Domtar Corporation) from
2004 to 2007.
Mr. Levitt is Chair Emeritus of the Montreal
Museum of Fine Arts and is Vice-Chair of the Board of the C.D. Howe
Institute as well as Chancellor of Bishop’s University. In 2015,
Mr. Levitt was appointed an Officer of the Order of Canada.
Lastly, Mr. Levitt holds a law degree from the
University of Toronto, where he also completed his Bachelor of
Applied Science degree in Civil Engineering.
Quotes:“I am very excited to be
joining the Xebec team and to have the opportunity to help Xebec
scale up through its next stages of development. Xebec’s know-how
and proprietary technologies relating to renewable natural gas and
hydrogen production have demonstrated that they can make a real
difference to the ability of gas utilities and energy providers to
contribute to the transition to low carbon energy
solutions.”– Brian Levitt
“It is a great pleasure to welcome Brian Levitt
as an advisor to our Board. His addition brings significant legal,
commercial and financial know-how and experience to Xebec. As the
company continues to grow and expand, the need for more experienced
and seasoned senior executives and non-executives increases as
well. We’re honoured to have Brian join our
organization.”– Kurt Sorschak, Chairman, President
and CEO, Xebec Adsorption Inc.
Related
links:https://www.xebecinc.com
For more information:Xebec
Adsorption Inc.Brandon Chow, Investor Relations
Managerbchow@xebecinc.com+1 450.979.8700 ext 5762
About Xebec Adsorption
Inc.Xebec Adsorption Inc. is a global provider of gas
generation, purification and filtration solutions for the
industrial, energy and renewables marketplace. Its customers range
from small to multi-national corporations and governments looking
to reduce their carbon footprints. Headquartered in Montreal (QC),
Xebec designs, engineers and manufactures innovative and
transformative products, and has more than 1,500 customers
worldwide. With two manufacturing facilities in Montreal and
Shanghai, as well as a sales and distribution network in North
America, Europe, and Asia, Xebec trades on the TSX Venture Exchange
under the symbol XBC. For additional information on the company,
its products and services, visit Xebec at xebecinc.com.
Cautionary Statement Neither
TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this
release. This news release contains forward-looking statements and
forward-looking information (together, “forward-looking
statements”) within the meaning of applicable securities laws. All
statements, other than statements of historical facts, are
forward-looking statements, and subject to risks and uncertainties.
Generally, forward-looking statements can be identified by the use
of terminology such as “plans”, “seeks”, “expects”, “estimates”,
“intends”, “anticipates”, “believes”, “could”, “might”, “likely” or
variations of such words, or statements that certain actions,
events or results “may”, “will”, “could”, “would”, “might”, “will
be taken”, “occur”, “be achieved” or other similar expressions.
Forward-looking statements, including statements concerning future
capital expenditures, revenues, expenses, earnings, economic
performance, indebtedness, financial condition, losses and future
prospects as well as the expectations of management of Xebec with
respect to information regarding the business and the expansion and
growth of Xebec operations, involve risks, uncertainties and other
factors that could cause actual results, performance, prospects and
opportunities to differ materially from those expressed or implied
by such forward-looking statements. Forward-looking statements are
subject to business and economic factors and uncertainties, and
other factors that could cause actual results to differ materially
from these forward-looking statements, including the relevant
assumptions and risks factors set out in Xebec's public documents,
including in the most recent annual management discussion and
analysis and annual information form, filed on SEDAR at
www.sedar.com. Furthermore, should one or more of the risks,
uncertainties or other factors materialize, or should underlying
assumptions prove incorrect, actual results may vary materially
from those described in forward-looking statements or information.
These risks, uncertainties and other factors include, among others,
the uncertain and unpredictable condition of global economy,
Xebec’s capacity to generate revenue growth, limited number of
customers, and other factors. Although Xebec believes that the
assumptions and factors used in preparing the forward-looking
statements are reasonable, undue reliance should not be placed on
these statements, which only apply as of the date of this news
release, and no assurance can be given that such events will occur
in the disclosed times frames or at all. Except where required by
applicable law, Xebec disclaims any intention or obligation to
update or revise any forward-looking statement, whether as a result
of new information, future events or otherwise.
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