ADN - Advent Technologies and Hyundai Motor Company Enter Technology Sales and Development Agreement

Advent Technologies Holdings, Inc. (NASDAQ: ADN) announced the signing of a technology assessment, sales and development agreement with Hyundai Motor Company.  Advent and Hyundai plan to deliver green energy solutions to high carbon applications, utilizing fuel cell technology.  Hyundai will provide catalysts to Advent for evaluation in its proprietary Membrane Electrode Assemblies as Advent plans to support Hyundai in fulfilling its fuel cell project needs.

Dr. Emory De Castro, Advent’s Chief Technology Officer, stated, “We are excited and proud to join forces with Hyundai, aiming to greatly contribute to their mission and to jointly participate in the pivotal role to transition global society to clean energy, therefore making hydrogen an economically viable energy source. MEAs form the heart of the fuel cell and they are also a critical component for other electrochemistry applications, such as CO2-free hydrogen production, and, energy storage. We hope our proprietary MEAs will best serve Hyundai’s business needs and look forward to a long and highly successful collaboration, sharing our long-standing expertise to support Hyundai in bringing its future mobility strategy to life.”

Advent Technologies Holdings, Inc. is a U.S. corporation that develops, manufactures, and assembles complete fuel cell systems, and the critical components for fuel cells in the renewable energy sector.

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