Xebec Welcomes Ms. Karen Nielsen to Board of Directors
Xebec Adsorption Inc. has appointed Ms. Karen Nielsen to its Board of Directors, effective immediately. With extensive experience in oil and gas operations, Nielsen previously served as Chief Development Officer at Seven Generations Energy Ltd and has held senior roles in companies like ATCO Power and ARC Resources. She expressed enthusiasm for Xebec's role in the transition to clean energy and decarbonization. Chairman Kurt Sorschak highlighted her wealth of knowledge as valuable for advancing the company's cleantech initiatives.
- Appointment of Karen Nielsen to the Board enhances Xebec's leadership with her extensive industry experience.
- Nielsen's background in oil and gas could bring new ideas and insights that align with Xebec's transition to clean energy.
- Concerns may arise regarding continuity and experience gaps as Xebec undergoes leadership changes.
- Senior-level energy executive with experience in oil and gas operations, business development, engineering and finance -
MONTREAL, April 07, 2021 (GLOBE NEWSWIRE) -- Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions, is pleased to announce that Ms. Karen Nielsen has joined Xebec’s Board of Directors effective today.
Ms. Nielsen was formerly the Chief Development Officer at Seven Generations Energy Ltd (TSX: VII), an energy producer dedicated to stakeholder service, responsible development and generating strong returns. She is also a non-executive lead director at Crew Energy (TSX: CR), a light oil and natural gas producer operating and based in Western Canada.
“Having spent the majority of my career in the traditional oil and gas space, I am excited to be joining Xebec as we look towards the next chapter of energy. Decarbonization of our energy sources has come to the forefront of our minds as we look to address climate change. I believe Xebec will play a key role in this as a world leading renewable gas player and that we will pave a better future for generations to come,” stated Karen Nielsen.
Ms. Nielsen brings decades of expertise in the oil and gas sector with positions in operations, business development, engineering and finance. She held positions as Senior Vice President and General Manager at ATCO Power Ltd. (TSX: ACO.X), Vice President of Operations at ARC Resources Ltd. (TSE: ARX) and both Vice President of Engineering and Operations at Birchcliff Energy Ltd. (TSX: BIR).
“I am excited to be welcoming Karen to Xebec’s Board. She brings a strong background in energy in a time where the transition towards lower carbon energy sources is accelerating. Xebec is playing an important role in providing cleantech solutions for reducing emissions in the broader energy sector. I look forward to Karen’s contributions as she brings forth new ideas and insight into the energy transition,” stated Kurt Sorschak, Chairman, President and CEO, Xebec Adsorption Inc.
Related links:
https://www.xebecinc.com
Media Inquiries:
Public Relations for Xebec
Victor Henriquez, Senior Partner
victor@publicsc.com
+1 514.377.1102
Investor Relations:
Xebec Adsorption Inc.
Brandon Chow, Director, Investor Relations
bchow@xebecinc.com
+1 450.979.8700 ext 5762
About Xebec Adsorption Inc.
Xebec is a global provider of clean energy solutions for renewable and low carbon gases used in energy, mobility and industry applications. The company specializes in deploying a portfolio of proprietary technologies for the distributed production of hydrogen, renewable natural gas, oxygen and nitrogen. By focusing on environmentally responsible gas generation, Xebec has helped thousands of customers around the world reduce their carbon footprints and operating costs. Headquartered in Québec, Canada, Xebec has a worldwide presence with five manufacturing facilities, eight Cleantech Service Centers and four sales offices spanning over four continents. Xebec trades on the Toronto Stock Exchange under the symbol (TSX: XBC). For more information, xebecinc.com.
Cautionary Statement
Neither Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock 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, notably as a consequence of the Covid-19 pandemic, Xebec’s capacity to generate revenue growth, the availability to Xebec of financing and credit alternatives and access to capital, Xebec’s capacity to meet all its other commitments and business plans, Xebec’s limited number of customers, the potential loss of key employees, changes in the use of proceeds relating to the loan, share price volatility, 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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