ADN - Advent Technologies gets a $1.3M contract for methanol-powered fuel cell

2023-09-05 10:10:44 ET

Advent Technologies ( NASDAQ: ADN ) gets a significant expansion order contract with a prominent fuel cell integrator operating in the Asian market.

Under the terms of this agreement, Advent ( ADN ) will provide its innovative eFuel-powered fuel cell stacks to be incorporated in power applications within the leisure sector in the region.

The contract has a total initial value of $1.3M.

Deliveries are expected to commence in September 2023, with the supply chain projected to remain active throughout 2024 in accord with the customer's specified timeline.

The primary application of Advent's fuel cell stacks is to serve as sustainable prime and back-up power sources in small cabins, working in conjunction with batteries.

More on Advent Technologies

• Seeking Alpha’s Quant Rating on Advent Technologies Holdings
• Financial information for Advent Technologies Holdings
• Advent Technologies Q2 Earnings: Liquidity Running Low Despite Ongoing Dilution - Sell

For further details see: