Advent Technologies Holdng Inc - ADN STOCK NEWS

Advent Technologies (NASDAQ: ADN) has received approval from Airbus to proceed with Phase Two of their joint benchmarking project focused on optimizing Ion Pair™ Membrane Electrode Assembly (MEA) for hydrogen fuel cells. Following successful performance improvements in Phase One, the collaboration aims to further enhance MEA capabilities.

The project involves sharing expertise in fuel cell stack design, balance of plant components, and testing facilities. Advent's High-Temperature PEM MEAs, operating above 180°C (360°F), address key aviation challenges in thermal management, offering improved performance, passenger capacity, and range compared to low-temperature alternatives.

The initiative targets future hydrogen-powered aircraft development while potentially reducing powertrain system weight and volume through simplified cooling subsystems. Advent believes their HT-PEM technology is superior for multiple applications, including aviation, heavy-duty trucks, automotive, and marine sectors.

Advent Technologies (NASDAQ: ADN) has secured a significant €34.5 million non-dilutive grant from the European Climate, Infrastructure and Environment Executive Agency (CINEA) for its RHyno Project. The grant agreement was signed with Advent's Greek subsidiary, Advanced Energy Technologies S.A.

The funding will be distributed incrementally based on achieving specific performance milestones. Notably, Advent's proposal ranked highest among 337 submissions in the Innovation Fund 2023 Call across Europe. The project will be implemented in Kozani, Western Macedonia, Greece, with the company's teams from Patras, Kozani, and Athens leading the development.

Advent Technologies (NASDAQ: ADN) has announced its participation in the RESCUE project, a strategic initiative funded under HORIZON-JTI-CLEANH2-2024-04-01 for developing portable fuel cells for backup power during natural disasters. The four-year project has a total budget of €5 million with a 70% funding rate, of which Advent's approved budget is €2.16 million.

The project aims to develop a certified, portable 50 kW power generator system based on HT-PEM technology. The initiative is led by DLR (Germany) and includes partners from Greece, Denmark, and Germany. Advent will serve as the primary technology provider, focusing on system integration. The deliverable consists of a dual-fuel portable power generator system housed in separate 20-foot containers for mobility and deployment.

Advent Technologies Holdings (NASDAQ: ADN), a leader in fuel cell and hydrogen technology, has announced the return of Nikolaos Farmakiotis as Manager for Sales & Marketing in Greece. Farmakiotis, who initially joined the company in 2020, brings expertise in global product promotion, international sales, marketing, and business development.

CEO Gary Herman expressed enthusiasm about Farmakiotis's return, highlighting the company's technology as a comprehensive clean energy solution for multiple sectors including aviation, heavy automotive, marine, telecom, and military. Farmakiotis will support the execution of the company's 'Advent 2.0' vision.

Advent Technologies (NASDAQ: ADN), a leader in fuel cell and hydrogen technology, announces its support for the Wounded Warrior Project. The company specializes in clean energy technology solutions, collaborating with key institutions including the U.S. Army, Department of Defense, Los Alamos National Laboratories, Brookhaven Labs, and NASA. Advent develops portable power solutions for military and civilian applications, including electronics and drones. The partnership aims to support warriors and their families in their recovery journey and workforce reintegration.

Advent Technologies (NASDAQ: ADN) has secured a €115,437 grant for its H2VE proposal, which passed the evaluation process under the ERASMUS-EDU-2024-PEX-COVE program. The 48-month initiative aims to establish a hub of Centers of Vocational Excellence (CoVEs) in the Hydrogen Valley sector, focusing on hydrogen education.

The grant will support summer school programs, study visits, presentations, workshops, and networking events in the Western Macedonia Region. The Greek CoVE consortium includes Advent, UOWM, and CluBE, working together to advance Hydrogen Valleys in Greece.

Advent Technologies (NASDAQ: ADN) announces the return of George Paloumpis as Chief of Operations at its Patras, Greece facility. Paloumpis, who previously served as Director of Manufacturing and spent almost 18 years with the company, brings significant experience to support the new management team's execution plans. The appointment is part of Advent's strategic initiative, dubbed 'Advent 2.0', focusing on the company's innovative fuel cell technology development.

Advanced Energy Technologies S.A., a wholly-owned subsidiary of Advent Technologies Holdings (NASDAQ: ADN), has appointed three new members to its Board of Directors. The new directors are Konstantinos Ferderigos, Advent's Global IT Director and Greece Operations General Manager; Dimosthenis Dimopoulos, Head Lawyer of Dimosthenis Dimopoulos & Associates Law Office; and Vasilis Bournas, founder and CEO of B&S Consulting. Ferderigos brings expertise in IT, AI, and cybersecurity, Dimopoulos contributes 40 years of corporate and tax law experience, while Bournas adds financial consulting and business advisory expertise.

Advent Technologies (NASDAQ: ADN) has secured a €34.5 million grant from the EU Innovation Fund for its RHyno Project. The grant was awarded to Advent's Greek subsidiary, Advanced Energy Technologies, SA, following approval for the full requested amount. The company will now proceed with preparing the grant agreement according to guidelines from the European Climate, Infrastructure and Environment Executive Agency (CINEA).