Xebec Adsorption Shares Rise After Supply Agreement
05 February 2022 - 2:54AM
Dow Jones News
By Adriano Marchese
Xebec Adsorption Inc. shares rose in early trading Friday after
the company said it signed an agreement to supply its pressure
swing adsorption technology to Air Liquide Advanced Technology
US.
At 10:19 a.m. ET, the shares were up 9.9% at C$2.00.
The Canadian designer and manufacturer of specialized equipment
for compressed air and gases said its platform will be deployed
alongside Air Liquide's membrane technology, with the aim of
creating a two-stage system to purify helium from geological
sources.
Air Liquide Advanced Technology US is part of France-based Air
Liquide S.A. which supplies industrial gases and services to
various industries.
Xebec said it will benefit from the scale and resources that Air
Liquide offers, given its size and position in the North American
market.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
February 04, 2022 10:39 ET (15:39 GMT)
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