Advent Technologies Enters Into Technology Assessment Agreement With Second Large Global Automotive Manufacturer | Region


BOSTON–(Organization WIRE)–Might 9, 2022–

Introduction Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent“ or the “Company”), an innovation-pushed chief in the gasoline mobile and hydrogen technologies area, is delighted to announce the signing of a technological innovation evaluation arrangement with a 2nd significant world automotive manufacturer.

With a prevalent target of sustainability and the a lot quicker decarbonization of the U.S. automotive field, Introduction is supporting efforts to progress innovative fuel cell engineering as a sustainable and effective solution for accomplishing carbon neutrality. More specially, Arrival will supply help, through:

  • Providing Membrane Electrode Assemblies (“MEAs”) for screening, analysis, and optimization less than the collaborator’s problems.
  • Supplying assistance on MEA operational parameters whilst the collaborator materials opinions to Advent on effectiveness and longevity.
  • Sharing technical know-how for gas mobile stacks, proprietary HT-PEM technology, and leveraging HT PEM for highly developed cooling units.

1 of the principal objectives will be to carry out a comprehensive assessment of Advent’s proprietary HT-PEM technologies and recently introduced MEAs for thought of upcoming possibilities. Contingent upon the effective execution of the initially section of the project, the corporations will operate to create a Joint Enhancement Agreement governing, between other things, distinct merchandise necessities, aims, milestones, and strategies.

The new Introduction MEAs to be analyzed as component of this task, are at this time becoming created within just the framework of L’Innovator, Advent’s joint enhancement program with the U.S. Department of Energy’s Los Alamos Nationwide Laboratory, Brookhaven Nationwide Laboratory, and Nationwide Renewable Electrical power Laboratory. MEAs are the most crucial parts of a gasoline cell as they greatly determine the general performance, life span, bodyweight, and charge of the conclusion procedure. Advent MEAs operate at significant-temperature (80 o C to 240 o C) while the incumbent LT-PEM know-how is constrained to under 100 o C. Large-temp operation is vital for successful warmth elimination in hefty-obligation mobility apps, creating HT-PEM an excellent technological innovation for vehicles, aviation, and marine. Furthermore, Arrival MEAs can work with impure hydrogen which can be reformed on-board from methanol, natural gasoline, and other renewable fuels, and are resilient to intense temperature, humidity and air good quality ailments.

Dr. Emory De Castro, Advent’s Main Engineering Officer, stated, “We are anxious to decarbonize the automotive market working with up coming-technology gas cell technology and welcome this very impactful collaboration. MEA is the coronary heart of the gasoline mobile and a significant element utilised in gasoline cells and other electrochemistry applications these types of as CO2-free of charge hydrogen production, and energy storage. All of us at Arrival systems glimpse ahead to a lengthy and effective collaboration, which will allow us to share our extended-standing skills and assistance reshape the automotive marketplace by replacing the need to have for conventional fuels though creating clean up electric power.”

About Introduction Technologies Holdings, Inc.

Introduction Technologies Holdings, Inc. is a U.S. company that develops, manufactures, and assembles gasoline cell units and the essential factors for gasoline cells and other innovative power methods. Arrival is headquartered in Boston, Massachusetts, with locations in California, Denmark, Germany, Greece, and the Philippines. With 150-additionally patents issued, pending, or accredited for its gas cell engineering, Advent retains the IP for subsequent-technology HT-PEM that enable many fuels to purpose at large temperatures beneath extreme conditions – presenting a versatile “ Any Gasoline. Any where.” alternative for the automotive, maritime, aviation, and electricity era sectors. For more data, pay a visit to www.introduction.vitality.

Cautionary Observe With regards to Ahead-Searching Statements

This press release features ahead-seeking statements. These ahead-wanting statements usually can be determined by the use of phrases such as “anticipate,” “expect,” “plan,” “could,” “may,” “will,” “believe,” “estimate,” “forecast,” “goal,” “project,” and other terms of comparable that means. Every single ahead-looking assertion contained in this push release is subject to risks and uncertainties that could induce genuine success to differ materially from those expressed or implied by this sort of statement. Relevant threats and uncertainties incorporate, among the some others, long term financial general performance public securities’ potential liquidity and buying and selling effects from the final result of any regarded and mysterious litigation potential to forecast and sustain an sufficient price of revenue progress and correctly prepare its expenditures expectations regarding upcoming expenditures future blend of profits and effect on gross margins attraction and retention of competent administrators, officers, workforce and important staff skill to contend successfully in a aggressive field means to safeguard and improve corporate reputations and model anticipations concerning interactions and steps with technologies associates and other third functions effect from foreseeable future regulatory, judicial and legislative alterations to the sector potential preparations with, or investments in, other entities or associations and extreme levels of competition and competitive tension from other firms all over the world and the dangers recognized under the heading “Risk Factors” in Advent’s Yearly Report on Kind 10-K filed with the Securities and Trade Fee, as effectively as the other details each has data files with the SEC. We warning investors not to spot appreciable reliance on the ahead-on the lookout statements contained in this push launch. You are inspired to browse the filings with the SEC, out there at www.sec.gov, for a dialogue of these and other pitfalls and uncertainties. The forward-searching statements in this push release talk only as of the date of this document, with no obligation to update or revise any of these statements. Traders, potential traders, and other individuals really should give mindful thing to consider to these pitfalls and uncertainties.

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Contact: Advent Technologies Holdings, Inc.

Michael Trontzos / Chris Kaskavelis

[email protected]

Keyword: MASSACHUSETTS UNITED STATES NORTH The united states

Field Search phrase: AUTOMOTIVE AUTOMOTIVE Production Producing Effectiveness & Specific Desire Choice Strength Power Alternate Vehicles/FUELS

Supply: Arrival Technologies Inc.

Copyright Business enterprise Wire 2022.

PUB: 05/09/2022 11:05 AM/DISC: 05/09/2022 11:06 AM

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