Advent Technologies’ Investor Day to Highlight Company’s Recent Product Advancements and Milestone Achievements

Rhea-AI Summary

Advent Technologies Holdings, Inc. (NASDAQ: ADN) is hosting its 2022 Investor Day, highlighting advancements in fuel cell technology and hydrogen projects. The event includes a discussion on the Green HiPo Project, which has €782.1 million in funding from the Greek State for developing HT-PEM fuel cells. Advent's strategic partnerships with the U.S. Department of Energy and Department of Defense were also noted. The company aims to position itself as a leader in the hydrogen economy while showcasing innovations in its products and systems.

Positive

• Secured €782.1 million funding for the Green HiPo Project to advance hydrogen technology.
• Strong partnerships with the U.S. Department of Energy and Department of Defense enhance credibility and market position.
• Focus on innovations in HT-PEM technology positions the company for competitive advantages.

Negative

• None.

BOSTON--(BUSINESS WIRE)-- Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent” or the “Company”), an innovation-driven leader in the fuel cell and hydrogen technology space, is hosting its 2022 Investor Day today. The virtual event begins this morning at approximately 9:00 a.m. ET. The webcast can be accessed at https://event.on24.com/wcc/r/3815829/BDF38706A8E399AEE45E339A8CD026A2. Presentation materials and other related information will be posted to the website, and a webcast replay will also be accessible following the event.

During today’s Investor Day proceedings, Advent Technologies’ C-suite executives and senior leadership will discuss the Company’s most recent advancements with its fuel cell products and systems, hydrogen development projects, and, business activities in markets across the U.S., Europe and Asia.

Key areas that will be addressed include:

• The Company’s Green HiPo Project, with planned funding of €782.1 million over six years from the Greek State, aimed at producing HT-PEM fuel cells and electrolysers to decarbonize global power production via hydrogen.
• R&D partnerships and collaborations with OEMs, the U.S. Department of Energy and the U.S. Department of Defense.
• HT-PEM MEA innovations.
• Advent’s commercial activities in global markets aimed at replacing existing power systems with hydrogen alternatives.

“The Advent team has made massive strides in the development, implementation and deployment of its hydrogen fuel systems across the globe in the last year,” said Dr. Vasilis Gregoriou, Chairman & CEO, Advent Technologies. “We are confident that today’s Investor Day presentation will give stakeholders a clear perspective on Advent’s vision for the future while positioning our Company as a commercial leader in the hydrogen and fuel cell economy that is consistently advancing innovation for renewable tech.”

Following the conclusion of the Investor Day presentations, Advent’s leadership team will open the floor to a Q&A session.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220707005336/en/

Elisabeth Maragoula

Advent Technologies Holdings, Inc.

press@advent.energy

Mike Stolyar

Crenshaw Communications

press@advent.energy

Source: Advent Technologies Inc.

FAQ

What is Advent Technologies' recent funding announcement?

Advent Technologies announced €782.1 million in funding from the Greek State for its Green HiPo Project, aimed at hydrogen technology advancement.

What technologies did Advent Technologies discuss during the Investor Day?

The discussions included advancements in fuel cell products, hydrogen development projects, and HT-PEM MEA innovations.

How is Advent Technologies collaborating with U.S. governmental departments?

Advent is engaging in R&D partnerships with the U.S. Department of Energy and the U.S. Department of Defense to enhance its fuel cell technologies.

What are the goals of Advent Technologies as stated in the Investor Day?

Advent aims to replace existing power systems with hydrogen alternatives and establish itself as a commercial leader in the hydrogen economy.

Where can I access the webcast for Advent Technologies' Investor Day?

The webcast for the Investor Day can be accessed online at Advent Technologies' official website.