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Advent Technologies Holdings, Inc. - ADN STOCK NEWS

Welcome to our dedicated page for Advent Technologies Holdings news (Ticker: ADN), a resource for investors and traders seeking the latest updates and insights on Advent Technologies Holdings stock.

Advent Technologies Holdings, Inc. (NASDAQ: ADN) is a pioneering company excelling in the fuel cell and hydrogen technology sectors. Headquartered in Boston, Massachusetts, Advent develops, manufactures, and assembles complete fuel cell systems and critical components essential for the performance of hydrogen fuel cells and other energy systems. The company's innovations serve various industries including automotive, aviation, defense, power generation, and marine.

Advent specializes in high-temperature membrane electrode assembly (MEA) technology used in high-temperature PEM fuel cells and hydrogen cleanup devices. Their advanced materials and components facilitate clean energy solutions in specialized applications such as military battery rechargers, aerospace, telecom, remote power, and hydrogen generation. Additionally, the company offers solutions improving wind and solar energy storage through redox flow batteries, addressing the critical issue of matching production with demand in these sectors.

Recent achievements include the unveiling of the SereneP product line, which provides versatile power solutions for construction sites and EV charging applications, reducing CO2 emissions by up to 100% with eFuel use. Advent has also made significant strides in the home energy sector by creating highly efficient, platinum-free clean electricity and heat systems from natural gas, with over 100,000 systems sold.

Advent collaborates with industry leaders and institutions globally, including a recent joint development agreement with Siemens Energy. They aim to develop a 500kW HT-PEM fuel cell solution for maritime applications. Their commitment to innovation is further demonstrated by securing funding for the RiverCell 3 project and the Green HiPo IPCEI project, aiming to transition regions from coal-based economies to greener models.

Emphasizing sustainability, Advent’s HT-PEM fuel cells enable the use of various fuels at high temperatures and under extreme conditions, driving the future of clean energy. The company holds over 150 patents, showcasing its dedication to technological advancements and environmental responsibility.

News

Advent Technologies Announces Appointment of Naiem Hussain as Chief Financial Officer

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Advent Technologies Holdings, Inc. (NASDAQ: ADN) announced the appointment of Naiem Hussain as its new Chief Financial Officer, bringing extensive expertise in corporate finance, with a focus on IPOs, fundraisings, and mergers and acquisitions within the energy technology and fuel cell industries. Mr. Hussain replaces Kevin Brackman, who resigned from his position on January 5, 2024. His professional journey includes roles at ICI plc, Close Brothers, and Imperial Innovations, with a focus on energy technology. Mr. Hussain's appointment is expected to contribute to the ongoing success and expansion of the company.
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Advent Technologies Secures Funding from Danish Energy Technology Development and Demonstration Program for Innovative R&D Project

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Advent Technologies Holdings, an innovation-driven leader in the fuel cell and hydrogen technology space, announces that its subsidiary, Advent Technologies, A/S, has secured funding approval for its latest research and development project from the Danish Energy Technology Development and Demonstration Program. The project, titled 'Modular Efficient Power Generation with Advanced Fuel Cell Power Converters', has secured total funding of approximately $1.83 million and is scheduled to kick off in the second quarter of 2024, spanning a three-year duration. This initiative will pioneer the development of a cutting-edge modular, scalable, and high-density DC-DC power converter, specifically tailored for Advent's next-generation High-Temperature Proton Exchange Membrane fuel cell applications. The technology aims to revolutionize the global fuel cell market by extending the expected lifetime of fuel cells to at least three times longer and delivering double the power density of Advent's earlier fuel cell systems. Manufacturing of these fuel cell systems will take place in Kozani, Greece, as part of the EU-approved Green HiPo IPCEI Project, significantly contributing to the region of Western Macedonia’s transition to a greener economic model.
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Advent Technologies Announces $2 Million Registered Direct Offering of Common Stock

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Advent Technologies Holdings, Inc. (NASDAQ: ADN) announced a registered direct offering to purchase 10,000,000 shares of common stock at a per share purchase price of $0.20, resulting in gross proceeds of $2,000,000.
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Advent Technologies Launches Portable Clean Power Solution for Construction and EV Charging Applications

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Advent Technologies Holdings, Inc. (NASDAQ: ADN) is pleased to introduce the SereneP, a revolutionary product line set to redefine portable power solutions with a focus on construction and EV charging applications. The SereneP offers unparalleled flexibility, environmental benefits, rugged reliability, and competitive advantages over traditional power sources. The company's global network of fuel suppliers guarantees a steady methanol supply for SereneP, positioning it as an ideal solution for the evolving demand for clean and highly portable power across construction and beyond.
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Advent Technologies Secures €1.8 Million Frame Contract with Volta Energy for the Supply of Methanol-Powered Fuel Cell Units

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Advent Technologies Holdings, Inc. (NASDAQ: ADN) has signed a new frame contract with Volta Energy, a Dutch company specializing in hybrid mobile power products. The initial value of the contract is €1.8 million, and deliveries are set to begin in January 2024. Advent will supply its methanol-powered fuel cell units to Volta Energy, serving as sustainable backup power solutions. The press release highlights the successful collaboration between the two companies and the environmental benefits of Advent's Serene fuel cells.
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Advent Technologies Secures Additional New Contract worth $2.8 Million from U.S. Department of Defense for its Portable Fuel Cell System

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Advent Technologies Holdings, Inc. (NASDAQ: ADN) announces a new $2.8 million contract with the U.S. Department of Defense for the development of the HB50 portable fuel cell system. This contract is in addition to the previous $2.2 million contract announced in September 2023. The HB50 system, fueled by biodegradable methanol, is designed to power communication devices, surveillance systems, and laptops for defense applications. Advent Technologies aims to set new industry standards in fuel cell efficiency, longevity, and power density with this innovative technology.
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Advent Technologies Granted 180-Day Extension by NASDAQ to Regain Compliance with Minimum Bid Requirement

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Advent Technologies Holdings, Inc. (ADN) has been granted an additional 180-day compliance period by Nasdaq to regain compliance with the minimum bid price rule. The company must meet the $1.00 bid price per share requirement by May 20, 2024, to avoid potential delisting.
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Advent Technologies Receives Funding Update for €60 Million to Launch Green HiPo IPCEI Project

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Advent Technologies Holdings, Inc. (NASDAQ: ADN) has received an update from the Greek State regarding the implementation of the Green HiPo IPCEI Hy2Tech project. The Greek State has confirmed its continued commitment to the project, providing a current budget of EUR 60 million, with 40% of that funding as a grant from Greece’s Just Transition Fund. This initial grant will kickstart the successful implementation of the Green HiPo Project, contributing to Europe’s decarbonization and energy independence objectives.
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Advent Technologies Reports Q3 2023 Results

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Advent Technologies Holdings, Inc. (NASDAQ: ADN) announced operational highlights, financial results, and business updates. The company signed a term sheet with Airbus for a joint project using HT-PEM fuel cells in aviation, secured a new supply contract with the U.S. Department of Defense worth $2.2 million, and received a $1.3 million order from a fuel cell integrator in Asia. Advent also unveiled its Serene Power Systems at the 2023 Monaco Yacht Show and continued discussions with the Greek State for state aid funding of its Green HiPo project. The Q3 2023 financial highlights include $1.3 million in revenue and a net loss of $(11.8) million. The company's unrestricted cash reserves were $3.7 million as of September 30, 2023.
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Advent Technologies Announces Date for Third Quarter 2023 Earnings Call

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Advent Technologies Holdings, Inc. (NASDAQ: ADN) will release its Q3 2023 financial results on November 14, 2023, and host a conference call the same day at 9:00 AM ET to discuss the results.
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FAQ

What is the current stock price of Advent Technologies Holdings (ADN)?

The current stock price of Advent Technologies Holdings (ADN) is $7.61 as of November 21, 2024.

What is the market cap of Advent Technologies Holdings (ADN)?

The market cap of Advent Technologies Holdings (ADN) is approximately 19.2M.

What does Advent Technologies Holdings, Inc. specialize in?

Advent Technologies specializes in developing, manufacturing, and assembling complete fuel cell systems and critical components for hydrogen fuel cells and other energy systems.

What are some of the key applications of Advent's technology?

Advent's technology is utilized in military battery rechargers, aerospace, telecom, remote power, hydrogen generation, and improving wind and solar energy storage with redox flow batteries.

What recent products has Advent Technologies launched?

Advent recently introduced the SereneP product line, which provides portable power solutions for construction sites and EV charging applications, significantly reducing CO2 emissions.

How is Advent Technologies contributing to the home energy sector?

Advent has developed highly efficient, platinum-free clean electricity and heat systems from natural gas for home energy, with over 100,000 systems sold.

What notable collaborations has Advent engaged in?

Advent has partnered with Siemens Energy to develop a 500kW HT-PEM fuel cell solution for maritime applications, and it actively participates in projects like RiverCell 3 and Green HiPo IPCEI.

What are the environmental benefits of Advent's SereneP product line?

The SereneP product line offers up to 100% reduction in CO2 emissions with eFuel use, making it a highly eco-friendly power generation solution compared to traditional fossil fuel sources.

Where is Advent Technologies headquartered?

Advent Technologies is headquartered in Boston, Massachusetts, with offices in California, Greece, Denmark, Germany, and the Philippines.

How many patents does Advent Technologies hold?

Advent Technologies holds over 150 patents, reflecting its commitment to innovation in fuel cell technology.

What recognition has Advent Technologies received for its projects?

Advent's Green HiPo project received funding approval from the Greek Ministry of Economy and Finance, and the RiverCell 3 project is partially funded by the German Federal Ministry for Digital and Transport.

What steps is Advent taking to comply with Nasdaq listing requirements?

Advent is executing a 1-for-30 reverse stock split to meet Nasdaq's $1.00 per share minimum bid price requirement and plans to file its Annual Report and quarterly reports to regain compliance with SEC reporting obligations.

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Advent Technologies Holdings, Inc.

Nasdaq:ADN

ADN Rankings

#5291 Ranked by Market Cap
N/A Ranked by Dividends

ADN Stock Data

19.25M
2.20M
16.64%
3.38%
1.99%
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