Financial Position and Risks - Advent had an unrestricted cash balance of approximately $0.2 million as of September 30, 2024[373] - Advent is exposed to market risks including changes in interest rates, inflation, and foreign exchange fluctuations, with plans to implement foreign exchange risk mitigation features as the company scales[386] - Advent's management identified material weaknesses in internal control over financial reporting as of September 30, 2024, leading to ineffective disclosure controls and procedures[374] - Advent's deferred tax assets and liabilities are measured using enacted tax rates, with valuation allowances established to reduce deferred tax assets to the amount expected to be realized[377] Research and Development - The RHyno project aims to develop innovative fuel cells and electrolysers at a megawatt (MW) scale, focusing on enhancing power density and lifespan while reducing weight and volume[15] - Advent expects to continue receiving grant income for research and development activities and is in discussions with prospective grantors[406] Technology and Products - Advent's HT-PEM MEAs operate at temperatures higher than 180°C (360°F), targeting improved performance for aviation, heavy-duty trucks, automotive, and marine use[402] - Advent's Honey Badger fuel cell technology is designed to meet the U.S. Department of Defense's needs for lightweight, portable power solutions[404] Strategic Expansion - Advent's acquisition of SerEnergy A/S and fischer eco solutions GmbH was completed on June 25, 2021, as part of its strategic expansion[392] Non-GAAP Measures - Advent's non-GAAP measures include EBITDA, Adjusted EBITDA, and Adjusted Net Income / (Loss), used to evaluate operating performance and compare with peers[381]

LIVERMORE, Calif., Dec. 19, 2024 (GLOBE NEWSWIRE) -- Advent Technologies Holdings, Inc. (NASDAQ: ADN) ("Advent "or the "Company"), an innovation-driven leader in the fuel cell and hydrogen technology space, is pleased to support the Wounded Warrior Project as a corporate supporter to help warriors and their families on their journeys to recovery. Advent designs and manufactures cutting edge clean energy technology solutions. The Company works closely with the U.S. Army, U.S. Department of Defense, Los Alam ...

LIVERMORE, Calif., Dec. 03, 2024 (GLOBE NEWSWIRE) -- Advent Technologies Holdings, Inc. (NASDAQ: ADN) ("Advent" or the "Company"), an innovation-driven leader in the fuel cell and hydrogen technology space, is pleased to announce that its H2VE proposal has passed the evaluation process. Advent’s technical team of Anastasia Koutsomitopoulou, Olga Bereketidou, and Nora Gourdoupi made this achievement possible. This grant of €115,437 will be used towards summer school programs, study visits, presentations, wor ...

ATHENS, Greece, Nov. 15, 2024 (GLOBE NEWSWIRE) -- Advent Technologies Holdings, Inc. (NASDAQ: ADN) ("Advent "or the "Company"), is pleased to announce that George Paloumpis has rejoined the Company as the Chief of Operations in Patras, Greece. Prior to this, Mr. Paloumpis was the Director of Manufacturing. Konstantinos Ferderigos, Advent's General Manager in Greece, stated, "we are very excited that George has rejoined the Company. He was previously with the Company for almost 18 years and a key member of t ...

ATHENS, Greece, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Advanced Energy Technologies S.A., a wholly-owned subsidiary of Advent Technologies Holdings, Inc. (NASDAQ: ADN) announced today that it has installed three new members to its Board of Directors. The new directors are Mr. Konstantinos Ferderigos, Mr. Dimosthenis Dimopoulos, and Mr. Vasilis Bournas. Mr. Ferderigos is Advent’s Global Director of IT and the General Manager of its Greece operations. He is a dynamic international IT executive with extensive exper ...

LIVERMORE, Calif., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Advent Technologies Holdings, Inc. (NASDAQ: ADN) ("Advent "or the "Company"), an innovation-driven leader in the fuel cell and hydrogen technology space, is pleased to further announce that the RHyno Project initiated by its Greek subsidiary, Advanced Energy Technologies, SA was approved for the full amount of its requested grant in the amount of €34.5 million by the EU Innovation Fund. The dedicated efforts of Nora Gourdoupi, Olga Bereketidou, and Anasta ...

LIVERMORE, Calif., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Advent Technologies Holdings, Inc. (NASDAQ: ADN) ("Advent "or the "Company"), an innovation-driven leader in the fuel cell and hydrogen technology space, is pleased to announce that its Greek subsidiary, Advanced Energy Technologies SA, has been awarded a grant from the EU Innovation Fund and invited to prepare the grant agreement. Further details about the grant and its conditions will be provided by the Company soon. Grant agreements are expected to be ...

LIVERMORE, Calif., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Advent Technologies Holdings, Inc. (NASDAQ: ADN) ("Advent "or the "Company"), an innovation-driven leader in the fuel cell and hydrogen technology space, is pleased to announce changes to its board and C-suite by removing Chairman and Chief Executive Officer, Vasilis Gregoriou and Chief Strategy Officer, Chris Kaskavelis. Gary Herman, an experienced turnaround executive has been appointed as Interim CEO. Mr. Herman stated, "The changes were long overdue. ...

Investors, analysts and other interested parties may access Acadian Timber Corp.'s 2024 Third Quarter Results conference call and webcast on Thursday, October 31, 2024 at 1:00PM ET. Please register here or follow the link on our website at www.acadiantimber.com/presentations_and_webcasts, to receive your unique PIN. For those unable to participate, a recorded rebroadcast will be available until 4:00PM ET October 30, 2025. _________________________________________ EDMUNDSTON, New Brunswick, Oct. 30, 2024 (GL ...

Package Includes Jones Classic Beverages Plus New Pop Jones, Fiesta Jones and Jones' First Cola SEATTLE, Oct. 23, 2024 /PRNewswire/ -- With the countdown to Christmas fast approaching, Jones Soda (CSE: JSDA, OTCQB: JSDA) is releasing a 2024 Advent Calendar offering only-from-Jones goodies – including a selection of brand new beverages that extend the company's legendary flavor expertise into categories beyond its craft soda legacy. Credit: Jones SodaCredit: Jones Soda Every day for 24 days, this year's Jone ...