Advent Technologies Hosted Virtual 2022 Investor Day Event
July 11 2022 - 9:31AM
Business Wire
The Company’s Investor Day proceedings detailed
achievements to-date while providing outlook on product innovation
and business development
Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent” or
the “Company”), an innovation-driven leader in the fuel cell and
hydrogen technology markets, has released the webcast today of its
virtual 2022 Investor Day event that was held on July 7, 2022.
During the Investor Day’s proceedings, Advent Technologies’
C-suite executives and senior leaders discussed the Company’s
recent innovative advancements of its fuel cell products and
systems, hydrogen development projects, and commercial activities
in markets across the U.S., Europe, and Asia.
The event encompassed a comprehensive projection of Advent’s
strategic growth trajectory, its plans to scale product
manufacturing capabilities globally, and how the Company plans to
leverage its existing partnerships to evolve its product offerings.
Presentations also included an in-depth review of Advent’s key
market opportunities across commercial, technology, and operational
fronts.
Prior to this event, Advent issued important announcements that
were discussed during the course of its virtual 2022 Investor
Day:
- Advent Technologies Receives Notification of Euro 782.1
Million Funding from the Greek State for IPCEI Green HiPo
Project - June 16: Notification from the Greek State has been
sent to the European Union (“EU”) under the IPCEI framework. Upon
EU ratification, total funding of euro 782.1 million for Advent’s
Green HiPo project will be made available over a period of six
years. The scope of Green HiPo is to innovatively manufacture both
fuel cell and electrolyser systems to rapidly decarbonize global
power production.
- Advent Technologies enters into Technology Assessment
Agreement with another Large Global Automotive Manufacturer -
May 9: Announced signing of technology assessment agreement with
another large global auto manufacturer to support efforts to
advance innovative fuel cell technology as a sustainable and
efficient option for achieving carbon neutrality.
- Advent Technologies among the Companies to Co-Sign Joint
Declaration to Increase Electrolyser Manufacturing Capacities in
the European Union - May 6: Announced participation in European
Electrolyser Summit where Advent, along with leading European
electrolyser manufacturers, co-signed a joint declaration to reach
a 17.5 GW electrolyser manufacturing capacity in the EU by 2025, as
well as to further increase that capacity by 2030 in line with
projected demand for renewable and low-carbon hydrogen.
- Advent enters into Technology Assessment Agreement with
Hyundai Motor Company - April 27: Announced signing of
technology assessment agreement with Hyundai Motor Company to
assess applications of Advent’s proprietary technology in supplying
Hyundai’s high-temperature fuel cell needs.
- Advent Technologies Announces New Orders of HT-PEM MEAs by
Safran Power Units – April 7: Announced new MEA orders from
Safran Power Units, a leader in auxiliary power systems and
turbojet engines. The MEAs are based on Advent’s proprietary HT-PEM
technology.
More details regarding Advent’s first virtual Investor Day can
be found on the Company’s dedicated website page. In addition, the
full webcast is now available for on-demand viewing at
https://event.on24.com/wcc/r/3815829/BDF38706A8E399AEE45E339A8CD026A2.
About Advent Technologies Holdings,
Inc.
Advent Technologies Holdings, Inc. is a U.S. corporation that
develops, manufactures, and assembles complete fuel cell systems as
well as supplying customers with critical components for fuel cells
in the renewable energy sector. Advent is headquartered in Boston,
Massachusetts, with offices in California, Greece, Denmark,
Germany, and the Philippines. With more than 150 patents issued,
pending, and licensed for fuel cell technology, Advent holds the IP
for next-generation HT-PEM that enables various fuels to function
at high temperatures and under extreme conditions – offering a
flexible “Any Fuel. Anywhere.” option for the automotive, aviation,
defense, oil and gas, marine, 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
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 Advent’s corporate reputation and brand; expectations
concerning its relationships and actions with 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 Advent’s Annual
Report on Form 10-K filed with the Securities and Exchange
Commission (“SEC”) on March 31, 2022, as well as the other
information filed with the SEC. Investors are cautioned not to
place considerable reliance on the forward-looking statements
contained in this press release. You are encouraged to read
Advent’s 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 the Company undertakes no obligation
to update or revise any of these statements. Advent’s 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/20220711005521/en/
Elisabeth Maragoula Advent Technologies Holdings, Inc.
press@advent.energy
Mike Stolyar Crenshaw Communications press@advent.energy
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