Advent Technologies Announces Membership in German Intelligent Mobility Association
June 28 2021 - 9:00AM
Business Wire
Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent“)
today announced its membership in ITS mobility, the largest
competence cluster for intelligent mobility in Germany. The U.S.
corporation develops cutting-edge technologies allowing for an “Any
Fuel. Anywhere.” option in which Advent’s high-temperature fuel
cells are not limited to exclusively using hydrogen as a fuel
source as they can convert hydrogen carriers and other e-fuels to
electricity.
Advent plays an active role in the automotive sector through its
patented high-temperature polymer electrolyte membrane (HT-PEM)
technology. This allows electric vehicles (EVs), from smaller
vehicles requiring a charge of 15 kW or less to larger vehicles
requiring above 30 kW, to continuously recharge their batteries and
refuel on a variety of zero-emissions liquid fuels.
ITS mobility is a multi-branched, active network connecting
business, economic and science experts in projects and through
professional events on intelligent mobility concepts designed to
create safer and more efficient traffic and transportation. With
more than 200 members and over 20 years of experience, ITS mobility
promotes dialogue between the mobility industry and research
community. The association’s focus includes automated and connected
driving, sustainable mobility concepts, intelligent
infrastructures, new drive technologies and energy sources, open
data infrastructure, mobility-as-a service (MaaS), artificial
intelligence, new materials, eCall, and positioning and
navigation.
Dr. Vasilis Gregoriou, Advent Technologies Chairman and Chief
Executive Officer, said, “We are thrilled to be a member of ITS
mobility and actively contributing to this leading German network
for the mobility industry and researchers. We look forward to
collaborating with ITS mobility and our fellow members to help the
hydrogen and fuel cell industries thrive while remaining committed
to playing our role in the clean energy transition through the
advancement of innovative, effective solutions.”
Thomas Krause, Chairman of the Board of ITS mobility, added: “We
are excited to have Advent Technologies as a member of ITS
mobility. Their knowledge and experience as an innovator in the
fuel cell and hydrogen technology space will be a valuable asset to
our competence cluster.”
ITS mobility is a member of the go-cluster program, the cluster
political excellence measure of the Federal Ministry for Economic
Affairs and Energy. ITS has been awarded the silver label for
Cluster Management Excellence by the European Secretariat for
Cluster Analysis (ESCA).
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. For more information, visit
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/20210628005451/en/
Advent Technologies Holdings, Inc. Elisabeth Maragoula
emaragoula@advent.energy
Sloane & Company James Goldfarb / Emily Mohr
jgoldfarb@sloanepr.com / emohr@sloanepr.com
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