Advent Technologies Welcomes U.S. Ambassador to Greece, Geoffrey R. Pyatt, to the Company’s Facilities in Patras, Greece
June 04 2021 - 9:00AM
Business Wire
Dr. Gregoriou Led the Tour of the Company’s
State-Of-The-Art Facilities
Ambassador Pyatt Was Able to See the Company’s
Products and Learn About its Success Story
Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent”)
today announced that Dr. Vasilis Gregoriou, Advent Chairman and
CEO, welcomed the U.S. Ambassador to Greece, Geoffrey R. Pyatt, to
the Company’s facilities at Patras Science Park. During the
Ambassador’s visit there was a walking tour of the production areas
of Advent Technologies SA at Patras Science Park. The productions
areas are:
- FC Stacks/Hardware R&D and Manufacturing Area
- This area is a dedicated area for prototype FC Stack Production
(from 100 W to 3 kW). Additionally, research and development for
new, lightweight components is taking place for the new generation
of products.
- Membrane Electrode Assembly (“MEA”) Production Area
- This manufacturing area was recently upgraded/upscaled and the
assembly of components takes place to produce MEAs. Advent has
multiple different shaped and sized MEAs that are produced, are
sold worldwide to customers who then integrate them into Fuel Cell
(“FC”) Stacks.
- Sensor Membrane Production Area
- This is a dedicated lab space where production of phosphoric
acid imbibed polymeric membranes takes place. The Company’s polymer
and dry membranes are manufactured in its state-of-the-art
Massachusetts facility through a toll manufacturing process. The
acid imbibed membranes are sent to the customer and through a final
assembly process, they are transformed into a multi-gas sensor for
mobile phone devices.
Furthermore, the Company is in the process of refurbishing two
extra rooms/labs where R&D chemical synthesis and Scale Up will
be taking place, for the new generation of materials/MEAs. These
new areas will be ready this summer.
Dr. Gregoriou commented on the visit stating, “It was an honor
to welcome Ambassador Pyatt to our facilities in Patras today. The
visit gave us the opportunity to present the Advent business plan,
our current product status and our flexible “Any Fuel. Anywhere.”
option. We were also able to showcase our new generation of
products that will allow the Company to enter other big markets
such as Automotive, Aviation and Portable.”
Ambassador Pyatt stated, "Advent Technologies continues to be a
great example of how partnerships between U.S. technology leaders
and the Greek innovation ecosystem lead to cutting-edge solutions
that address today’s global issues. Advent’s work reflects the
entrepreneurial DNA that our countries share, as well as our
governments’ shared commitment to a clean energy future. We look
forward to working closely together in the months and years to
come, aided by our new U.S.-Greece Science and Technology Agreement
and Advent’s growing investments and presence in both
countries.”
About Advent Technologies Holdings,
Inc.
Advent Technologies Holdings, Inc. is a U.S. corporation that
develops, manufactures, and assembles critical components for fuel
cells and advanced energy systems in the renewable energy sector.
Advent is headquartered in Boston, Massachusetts, with offices in
the San Francisco Bay Area and Europe. With 120-plus patents issued
(or pending) for its fuel cell technology, Advent holds the IP for
next-generation high-temperature proton exchange membranes (HT-PEM)
that enable various fuels to function at high temperatures under
extreme conditions – offering a flexible “Any Fuel.
Anywhere.” option for the automotive, maritime, aviation and
power generation sectors. www.advent.energy
Cautionary Note Regarding Forward-Looking Statements
This press release includes forward-looking statements. These
forward-looking statements generally can be identified by the use
of words such as “anticipate,” “expect,” “plan,” “could,” “may,”
“will,” “believe,” “estimate,” “forecast,” “goal,” “project,” and
other words of similar meaning. Each forward-looking statement
contained in this press release is subject to risks and
uncertainties that could cause actual results to differ materially
from those expressed or implied by such statement. Applicable risks
and uncertainties include, among others, the Company’s ability to
realize the benefits from the business combination; the Company’s
ability to maintain the listing of the Company’s common stock on
Nasdaq; future financial performance; public securities’ potential
liquidity and trading; impact from the outcome of any known and
unknown litigation; ability to forecast and maintain an adequate
rate of revenue growth and appropriately plan its expenses;
expectations regarding future expenditures; future mix of revenue
and effect on gross margins; attraction and retention of qualified
directors, officers, employees and key personnel; ability to
compete effectively in a competitive industry; ability to protect
and enhance our corporate reputation and brand; expectations
concerning our relationships and actions with our technology
partners and other third parties; impact from future regulatory,
judicial and legislative changes to the industry; ability to locate
and acquire complementary technologies or services and integrate
those into the Company’s business; future arrangements with, or
investments in, other entities or associations; and intense
competition and competitive pressure from other companies worldwide
in the industries in which the Company will operate; and the risks
identified under the heading “Risk Factors” in our Annual Report on
Form 10-K/A filed with the Securities and Exchange Commission on
May 20, 2021, as well as the other information we file with the
SEC. We caution investors not to place considerable reliance on the
forward-looking statements contained in this press release. You are
encouraged to read our filings with the SEC, available at
www.sec.gov, for a discussion of these and other risks and
uncertainties. The forward-looking statements in this press release
speak only as of the date of this document, and we undertake no
obligation to update or revise any of these statements. Our
business is subject to substantial risks and uncertainties,
including those referenced above. Investors, potential investors,
and others should give careful consideration to these risks and
uncertainties.
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version on businesswire.com: https://www.businesswire.com/news/home/20210604005355/en/
Advent Technologies Holdings, Inc. Elisabeth Maragoula
emaragoula@advent.energy
Sloane & Company Joe Germani / James Goldfarb
jgermani@sloanepr.com / jgoldfarb@sloanepr.com
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