Advent Technologies Announces Bryan Holasek as Chief Strategy Officer

Rhea-AI Summary

Advent Technologies (NASDAQ: ADN) has appointed Bryan Holasek as Chief Strategy Officer. Holasek brings over 42 years of experience in technology development and has significant expertise in HT-PEM Fuel Cells through his work at Trenergi Corp. His impressive career includes founding Revolutionary Integrations Group and 369 Power and Energy Group, along with leadership roles at FDE Hydro, Shell TechWorks, and Sikorsky Innovations.

Holasek's background includes contributions to advanced aircraft systems for NASA DARPA and Sikorsky-Boeing projects. He holds a BSE in Mechanical and Aerospace Engineering from Princeton University. The appointment aligns with Advent's goal to enhance commercialization of its fuel cell technology across multiple sectors including aviation, automotive, marine, telecom, and military applications.

Positive

• Appointment of highly experienced executive with 42+ years in technology development
• New CSO brings specific expertise in HT-PEM Fuel Cells and alternative energy systems
• Strategic hire aligns with company's commercialization goals across multiple industries

Negative

• None.

LIVERMORE, Calif., May 07, 2025 (GLOBE NEWSWIRE) -- Advent Technologies Holdings, Inc. (NASDAQ: ADN) ("Advent "or the "Company"), an innovation-driven leader in the fuel cell and hydrogen technology sector, is pleased to announce that Bryan Holasek has joined the Company as the Chief Strategy Officer.

Mr. Holasek has over 42 years of experience in advancing technology from concept to product development. He was introduced to HT-PEM Fuel Cells through Trenergi Corp. He has founded several tech companies, including Revolutionary Integrations Group (AI and Machine Learning) and 369 Power and Energy Group (alternative energy systems). Previously, Mr. Holasek was Vice President of Corporate Development & Strategy at FDE Hydro and held roles such as Chief Engineer at Shell TechWorks and Chief System Engineer at Sikorsky Innovations. He contributed to multiple advanced aircraft systems, including the NASA DARPA RSRA X-Wing, RAH-66 Comanche, and the Sikorsky-Boeing SB>1 Defiant. Mr. Holasek earned a BSE in Mechanical and Aerospace Engineering from Princeton University, pursued graduate studies at Polytechnic University of New York, and completed the UTC Leadership Program.

Mr. Holasek stated, “I am excited to work closely with the new management team at Advent to execute on the vision of Advent 2.0.”

Gary Herman the CEO of Advent stated, “We are thrilled to have Mr. Holasek on the Advent team. His experience and background in HT-PEM fuels cells, technology and government programs will contribute to enhancing the Company’s goal to increase the commercialization of our innovative and cutting edge technology as the leader in fuel cell technology.”

James Coffey, the Company’s COO stated, “I have known Mr. Holasek for a number of years. He understands and supports our vision and the untapped potential to grow the Company. Our technology is unsurpassed and offers a ubiquitous clean energy solution across multiple industries including aviation, heavy automotive, marine, telecom, and the military.”

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 Livermore, CA, with offices in Athens and Patras Greece. With approximately150 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, suitable 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 August 13, 2024, 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.

Advent Technologies Holdings, Inc.
press@advent.energy

FAQ

Who is Bryan Holasek and what is his new role at Advent Technologies (ADN)?

Bryan Holasek is the new Chief Strategy Officer at Advent Technologies. He brings over 42 years of experience in technology development and has specific expertise in HT-PEM Fuel Cells through his work at Trenergi Corp.

What is Bryan Holasek's educational and professional background?

Holasek holds a BSE in Mechanical and Aerospace Engineering from Princeton University and completed studies at Polytechnic University of New York. His career includes founding Revolutionary Integrations Group and 369 Power and Energy Group, and leadership roles at FDE Hydro, Shell TechWorks, and Sikorsky Innovations.

What industries does Advent Technologies (ADN) target with its fuel cell technology?

Advent Technologies targets multiple industries with its fuel cell technology, including aviation, heavy automotive, marine, telecom, and military sectors.

What are Advent Technologies' (ADN) plans for their fuel cell technology?

Advent Technologies aims to increase the commercialization of their innovative fuel cell technology as a leader in the sector, offering clean energy solutions across multiple industries.