Business
Xebec Provides Further Update on Global Operations - Deemed “Essential Business” by Government of Québec
Xebec Provides Further Update on Global Operations - Deemed “Essential Business” by Government of Québec.
About this update from Xebec Adsorption Inc.
[{"type":"text","content":"\n MONTREAL, March 25, 2020 (GLOBE NEWSWIRE) -- Xebec Adsorption Inc. (TSXV: XBC) (“Xebec”), a global provider of clean energy solutions announced today that it has been deemed an “essential business” and will continue its regular course of operations and manufacturing in Blainville, Québec. On March 23rd, 2020, Québec Premier François Legault announced the closure of all non-essential businesses in the province as of yesterday. Under the provisions of the mandate, Xebec qualifies as an essential business as a supplier of critical equipment and services to key sectors such as energy, healthcare, and pharmaceuticals. Xebec has supplied more than 10,000 pieces of equipment used by organizations at the forefront of the worldwide outbreak The company’s industrial service and support business is a key supplier of various types of equipment that are crucial to the operations of essential organizations. For example, Xebec is a leading supplier of medical air systems with over 100 installations in Québec hospitals and installations in British Columbia, Alberta, and other Canadian Provinces. In addition, other Xebec products can be found in use by food & beverage, pharmaceutical manufacturing, oil refineries, pulp and paper production, electrical power generation, and natural gas transmission and distribution industries across Canada and North America, all listed as “essential businesses & services” by the Québec Government and critical to society in these unparalleled times. It is key for Xebec to sustain its manufacturing and maintenance operations to support these businesses. As a result, our manufacturing facilities in Québec are at near full capacity. Further update on global operations As per our last update on March 16th, 2020, our operations in Shanghai, China are fully operational with deliveries having restarted three and a half weeks ago and continue to expand. Manufacturing in our Italian subsidiary remains on hold and the timeline for restarting has been extended to a later date. Xebec does not expect to restart before mid-April at the earliest. Similar to our Québec operations, our subsidiary Compressed Air International Inc. based in Toronto will remain open as an essential business. Xebec’s recent acquisition, CDA Systems in Livermo...