Advent Technologies Announces the Appointment of Von McConnell to its Board of Directors
November 04 2022 - 5:38PM
Business Wire
Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent” or
the “Company”), an innovation-driven leader in the fuel cell and
hydrogen technology space, proudly announces that Von McConnell has
agreed to join its board of directors.
Mr. McConnell has nearly forty years of executive experience in
the telecommunications sector, including approximately twenty years
working for Sprint Corporation (now T-Mobile), where his positions
included serving as the Chief Operating Officer and Executive
Director of Operations for Sprint’s 4G business unit. Furthermore,
Mr. McConnell has also served as Sprint’s Executive Director of
Advanced Labs & Innovation, where he was responsible for
research and development, systems and network design, engineering,
product evaluation, customer trials, and quality certification for
all wireless systems and products. He is currently the founder and
president of the TM Group, a successful technology consulting firm
which has been engaged in venture capital acquisitions, 5G network
rollouts, Division 1 university artificial intelligence programs,
and other cutting edge technological commitments. Mr. McConnell is
responsible for dozens of patent innovations.
“I am excited to welcome Von, who has decades of experience
working with cutting-edge technology, to Advent’s board of
directors,” said Dr. Vasilis Gregoriou, Advent’s Chief Executive
Officer and Chairman. “We look forward to leveraging his experience
and relationships in two global telecommunications corporations as
Advent looks to unlock the next step of its own growth.”
Mr. McConnell stated: “During my career, I have seen technology,
specifically cell phones, emerge from the fringes of science
fiction to mainstream adoption to being ubiquitous. I believe that
Advent’s fuel cell technology has the same potential. Where clean,
carbon-free energy seemed an impossible pursuit just a few years
ago, Advent’s state-of-the-art, cutting-edge MEAs and fuel cells
are ready to deliver on that promise as a mainstream solution to
the world’s carbon crisis. I am honored to join the board and can’t
wait to help Advent develop its IPCEI Green HiPo project and see it
enter into long-lasting, mutually beneficial corporate partnerships
deploying its fuel cells around the world.”
Mr. McConnell will assume the remainder of Katrina Fritz’s Class
I term as director. Ms. Fritz resigned from the Advent board on May
27, 2022. Mr. McConnell qualifies as an independent director under
the definition established in the NASDAQ listing rules.
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/or 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/20221104005630/en/
Michael Trontzos Advent Technologies Holdings, Inc.
press@advent.energy
Advent Technologies (NASDAQ:ADN)
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