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FormerXBC Inc.
730 Industriel Blvd
Phone: (450) 979-8700p:450 979-8700 BLAINVILLE, QC  J7C 3V4  Canada Fax: (450) 979-8700f:450 979-8700
Filed for Protection from its Creditors under the Companies' Creditors Arrangement Act (Canada) on 9/29/2022
On 9/29/2022, Xebec Adsorption Inc., Xebec RNG Holdings Inc., Applied Compression Systems Ltd., Compressed Air International Inc., Xebec Holding USA Inc., Enerphase Industrial Solutions Inc., CDA Systems, LLC, Xebec Adsorption USA Inc., The Titus Company, Nortekbelair Corporation, XBC Flow Services – Wisconsin Inc., California Compression, LLC and Xebec Systems USA, LLC sought and obtained Protection from their Creditors under the Companies' Creditors Arrangement Act from the Quebec Superior Court (Commercial Division), district of Montréal (the "Court").
On 9/30/2022, Xebec Adsorption Inc. (Case #22-10935), Xebec RNG Holdings Inc., Applied Compression Systems Ltd., Compressed Air International Inc., Xebec Holding USA Inc., Enerphase Industrial Solutions Inc., CDA Systems, LLC, Xebec Adsorption USA Inc., The Titus Company, Nortekbelair Corporation, XBC Flow Services – Wisconsin Inc., California Compression, LLC and Xebec Systems USA, LLC filed Chapter 15 Bankruptcy Petitions with the United States Bankruptcy Court for the District of Delaware to obtain the recognition and protection of the US Courts for their CCAA proceedings.
This case is being Jointly Administered under the lead case filed for Xebec Adsorption Inc. Case #22-10934.
This company is no longer actively traded on any major stock exchange.
Business Summary
FormerXBC Inc., formerly known as Xebec Adsorption Inc., is a provider of clean energy solutions for renewable and low carbon gases used in energy, mobility and industrial applications. The Company specializes in the design and manufacture of purification, separation, dehydration and filtration equipment for gases and compressed air. Its main product lines are biogas upgrading systems for the purification of biogas from agricultural digesters, landfill sites and waste water treatment plants, natural gas dryers for natural gas refueling stations, associated gas purification systems which enable diesel displacement on drilling sites, and hydrogen purification and generation systems for fuel cell and industrial applications.
(Source: ARS)

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
-Yes-Yes---

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
6/30/202212/31/2021YesYesYes--

Industries
SIC Code Description
7699 Repair shops and related services, not elsewhere classified

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
President, Chief Executive Officer, Director DimitriosVounassis 51 5/12/2022 5/12/2022
Chief Financial Officer StephaneArchambault 57 11/10/2020 11/10/2020
President, Europe MarinusVan Driel 1/1/2020 1/1/2020
6 additional Officers and Directors records available in full report.

Subsidiaries
Business Name Address City State/Province Country
Hygear B.V. Westervoortsedijk 73 HG Arnhem Netherlands
Applied Compression Systems Ltd. 400 Industrial Road A Cranbrook BC Canada
CDA Systems, LLC 410 Longfellow Court Livermore CA United States
10 additional Subsidiary records available in full report.

Business Names
Business Name
Applied Compression Systems Ltd
California Compression, LLC
CDA Systems, LLC
22 additional Business Names available in full report.

General Information
Outstanding Shares: 154,727,549 (As of 9/8/2022)
Stock Exchange: TSE
Federal Tax Id: 850918495
Fax Number: (450) 979-8700
Email Address: sales@xebecinc.com


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Monday, April 1, 2024