PRESS RELEASE: Blainville, QC, March 17, 2011 — Xebec Adsorption Inc. (TSX: XBC) ("Xebec"), a provider of biogas upgrading, natural gas and hydrogen purification solutions for the clean energy market, announced today that it has signed a license and engineering service agreement for a total value of USD 3.25 million with Nuvera Fuel Cells ("Nuvera") to allow for the development of two rapid cycle hydrogen purification units for use in hydrogen refueling and merchant/industrial hydrogen applications. Under the terms of the agreements, Xebec will receive an upfront payment of USD 1.75 million and the remainder over the course of the development period.
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