LIVERMORE, Calif., Sept. 18, 2025 (GLOBE NEWSWIRE) -- Advent Technologies Holdings, Inc. (NASDAQ: ADN), through its wholly owned subsidiary, Advent Technologies, SA, is pleased to announce the receipt of a significant purchase order from a leading European transportation power company for the supply of Advent’s proprietary Membrane Electrode Assemblies (MEA). This strategic order marks a major milestone for Advent, reinforcing its position as a key supplier of advanced fuel cell components. This order is sc ...

Core Insights - Advent Technologies Holdings, Inc. is advancing its RHyno Project, which focuses on developing innovative fuel cell and hydrogen technologies, with a total funding of €34.5 million from the EU Innovation Fund [1][3]. Project Overview - The RHyno Project officially commenced on April 1, 2025, and is currently in its sixth month of implementation [3]. - The project aims to establish infrastructure for manufacturing fuel cells and electrolysers, utilizing Advent's Membrane Electrode Assembly technology at a megawatt scale [2]. - The project is designed to enhance power density and lifespan while reducing the weight and volume of power systems [2]. Financial Aspects - Advent Technologies will receive a total of €34,534,318 in non-dilutive grant funding over the duration of the RHyno Project [3]. Development Status - The company is in the predesign phase of the facilities and is working on obtaining necessary permits, with a master plan draft expected by the end of September 2025 [2]. - The Advent RHyno Project website has been operational since July 2025, providing updates and information about the project [2]. Company Background - Advent Technologies is an innovation-driven technology company specializing in fuel cell and hydrogen technology, with a vision to accelerate electrification through advanced materials and components [4]. - The company holds approximately 150 patents related to fuel cell technology and has intellectual property for next-generation HT-PEM technology [4].

Core Viewpoint - Advent Technologies Holdings, Inc. has entered into a new enhanced license agreement with TRIAD National Security for the Ion Pair technology, gaining exclusivity in marine, aviation, and portable power sectors while retaining non-exclusive rights in other fields [1][5]. Group 1: Technology and Applications - The Ion Pair technology, developed at Los Alamos National Laboratory, is expected to significantly impact defense, homeland security, marine, and aviation systems by providing higher power density and simplified packaging [2][5]. - The exclusive fields of use for the technology include: - **Marine**: Applications for vessel propulsion, auxiliary power, and dockside support for various operations such as lighting, navigation, and climate control [2][3]. - **Aviation**: Fuel cell power systems for aircraft propulsion and auxiliary power units, supporting functions like cabin lighting and avionics testing [3]. - **Human Portable Power**: Fuel cell units weighing 160 lbs. (72 Kg.) or less, designed for defense and emergency operations, capable of providing power in remote or off-grid situations [4]. Group 2: Company Position and Vision - The CEO of Advent emphasizes that this license expansion solidifies the company's leadership in High Temperature PEM technology and is committed to commercializing the Ion Pair technology [5]. - Advent Technologies aims to accelerate electrification through advanced materials and next-generation fuel cell technology, with a strong focus on partnerships with Tier 1 companies and system integrators [6].