Advent Technologies Announces New Product Development & Manufacturing Facility in Charlestown, Massachusetts, USA
March 08 2021 - 9:15AM
Business Wire
Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent”), an
innovation-driven company in the fuel cell and hydrogen technology
space, today announced that it has signed an eight-year lease for
21,401 square feet in the heart of Boston’s innovation and R&D
community at Hood Park in Charlestown, MA (www.hoodpark.com).
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The purpose of the new Advent Technologies facility is to
accelerate product development on recent next-generation membrane
electrode assembly (MEA) initiatives, including high-temperature
polymer electrolyte membrane (HT-PEM) fuel cell technology for the
automotive industry. HT-PEM represents not only a breakthrough
technology for heavy-duty automotive but also for aviation,
portable, and off-grid power generation applications. Advent is
actively recruiting engineers and technicians for its new facility
in Boston, expanding its Northeast operations, and increasing
engineering personnel and other expertise at UltraCell’s facilities
in Livermore, California.
Advent’s new facility at Hood Park is being custom built as a
product development and manufacturing center, and will include:
- State-of-the-art coating machines for seamless transition from
prototypes to production runs for advanced membranes and
electrodes;
- A fully analytical facility for quality control, failure
analysis and improving product lifetime;
- Dozens of fuel cell test stations for statistical process
control and development of next generation MEA materials;
- A mechanical engineering lab for developing automated processes
for membrane electrode assembly.
Jim Coffey, Advent’s Chief Operating Officer and General
Counsel, commented: “After a thorough process, we selected
Massachusetts and Hood Park for our new state-of-the-art
manufacturing facility given the close proximity to top research
universities and access to a wide pool of intellectual talent. The
offices we recently leased at 200 Clarendon Street in Boston will
serve as our global business headquarters, while Hood Park will be
our product development facility.”
Dr. Vasilis Gregoriou, Advent’s Chief Executive Officer and
Founder, added: “Since going public, we have witnessed a
significant interest by industry for HT-PEM fuel cell technology.
Following up on our goal of entering into joint development
agreements with major Tier1 and original equipment manufacturers
(OEMs) in the United States, we are accelerating our product
development efforts. The addition of the Hood Park facility comes
at the right time and will be a significant addition to Advent’s
efforts to becoming a global green energy company with
state-of-the-art products.”
Chris Kaneb, Manager, Hood Park LLC, stated, “We’re excited to
welcome Advent Technologies to Hood Park where they complement our
growing community of tenants who are leaders in the development of
sustainable technology and scientific research.”
About Advent Technologies Holdings,
Inc.
Advent Technologies Holdings, Inc. is an innovation-driven
company in the fuel cell and hydrogen technology space. Our vision
is to accelerate electrification through advanced materials,
components, and next-generation fuel cell technology. Our
technology applies to electrification (fuel cells) and energy
storage (flow batteries, hydrogen production) markets, which we
commercialize through partnerships with Tier1s, OEMs, and System
Integrators. For more information on Advent Technologies Holdings,
Inc., please visit the company’s website at
https://www.advent.energy/
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