Advent Technologies Holdings, Inc. - ADN STOCK NEWS

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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.

11/14/2023 07:00 AM

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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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11/07/2023 09:00 AM

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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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11/06/2023 07:04 AM

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Advent Technologies Announces Intent with Airbus to Launch a Joint Benchmarking Project

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Advent Technologies Holdings, Inc. has partnered with Airbus for a joint benchmarking project on an optimized Ion Pair™ Membrane Electrode Assembly for hydrogen fuel cells. The multi-million dollar collaboration will last for two years and aims to accelerate the development of Advent's MEA. The project will primarily focus on the needs for future hydrogen-fueled planes and has the potential to reduce the weight and volume of powertrain systems.

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10/13/2023 08:30 AM

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Advent Technologies Participates in the EU's Clean Transition Dialogue on Hydrogen in the presence of EU President Ursula von der Leyen

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Advent Technologies actively participated in the Clean Transition Dialogue on Hydrogen organized by the European Commission. The event focused on the role of hydrogen in Europe's energy independence. Advent's CEO briefed President von der Leyen on the progress of projects endorsed by the EU. The Green HiPo project, which received funding of up to EUR 782.1 million, aims to produce power and green hydrogen through fuel cell and electrolyser systems. Advent Technologies is expected to lead in electrifying commercial ships, trucks, and aircraft.

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10/10/2023 08:30 AM

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Advent’s Fuel Cells to Power Technohull Vessel

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Advent Technologies and Technohull collaborate on innovative electric vessel with eMethanol-powered fuel cell systems

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09/21/2023 09:00 AM

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Advent Technologies Unveils its Serene Power Systems, Providing Clean Electric Power to the Marine Industry

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Advent Technologies unveils Serene Power Systems, a clean power solution for marine applications, combining fuel cells and compact battery units. Systems operate on methanol or eMethanol, offering clean and efficient power alternatives. Serene Power Systems can reach up to 85% efficiency and operate in diverse environmental conditions. Advent plans to introduce 100% green eMethanol.

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09/07/2023 08:03 AM

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Advent Technologies Secures $2.2 Million Contract with the U.S. Department of Defense, Paving the Way for Higher Production Volumes of Portable Fuel Cell Systems

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Advent Technologies secures $2.2 million contract with the U.S. Department of Defense to optimize its portable fuel cell system

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09/05/2023 09:00 AM

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Advent Technologies Secures $1.3 Million Contract to Supply Methanol-Powered Fuel Cell Stacks to Asia’s Leisure Sector

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Advent Technologies announces a significant expansion order contract with an Asian fuel cell integrator in the leisure sector, with an initial value of $1.3 million. Deliveries begin in September 2023. Advent's fuel cell stacks offer advantages in transportation and storage efficiency compared to gaseous hydrogen.

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08/31/2023 09:58 AM

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Advent Technologies Receives Richard P. Feynman Innovation Prize for Technology Transfer Excellence from Los Alamos National Laboratory

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Advent Technologies receives Richard P. Feynman Innovation Prize for Technology Transfer Excellence from the U.S. Department of Energy's Los Alamos National Laboratory.

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08/11/2023 07:00 AM

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Advent Technologies Reports Q2 2023 Results

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Advent Technologies announces agreement with BASF to establish end-to-end supply chain for hydrogen fuel cell systems in Europe, signs MoU with Safran Power Units to advance HT-PEM fuel cell technology for aerospace sector, secures $1.1 million contract to supply HT-PEM MEAs for fuel cell-powered trucks in Asia, and provides financial highlights for Q2 2023.

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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 $5.02 as of December 24, 2024.

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

The market cap of Advent Technologies Holdings (ADN) is approximately 13.2M.

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.