Advent supplies fuel cell tech for Stralis hydrogen aircraft

LIVERMORE, Calif. - Advent Technologies Holdings, Inc. (NASDAQ:ADN), whose stock has surged nearly 95% in the past week amid growing interest in hydrogen technology, is providing its membrane electrode assembly technology to Australia-based Stralis Aircraft for their hydrogen electric Beechcraft Bonanza aircraft, according to a press release statement. InvestingPro data shows the micro-cap company, currently valued at $10.19 million, has been attracting attention despite its historically volatile trading pattern.

The high-temperature proton exchange membrane (HT-PEM) technology enables more efficient cooling with smaller radiators, reducing weight and drag on aircraft. This is critical for aviation applications where weight considerations significantly impact performance. While the technology shows promise, InvestingPro analysis indicates Advent Technologies maintains a weak financial health score of 1.31, though analysts expect both revenue and net income growth in the coming year.

Stralis Aircraft is currently testing its hydrogen-electric propulsion system on the ground and plans to achieve first flight of its six-seat technology demonstrator aircraft later in 2025.

Stuart Johnstone, Chief Technology Officer and Co-founder of Stralis Aircraft, said: "Thanks to this tech, our system is significantly lighter than existing alternatives, which is what is needed for aircraft. We enable aircraft to fly more than ten times further than battery-electric solutions at a lower cost than fossil-fuel-powered planes."

According to the companies, hydrogen electric propulsion systems have fewer moving parts and operate at lower temperatures compared to conventional aircraft engines, potentially reducing engine maintenance costs by 40-60%.

Stralis claims its proprietary high-temperature next-generation fuel cell system is six times lighter than automotive fuel cell systems. The company reports having letters of intent from airlines across Australia, New Zealand, Asia, the USA, and Europe.

Advent Technologies, headquartered in Livermore, California with offices in Greece, holds approximately 150 patents issued, pending, or licensed for fuel cell technology, focusing on systems that can function at high temperatures and under extreme conditions. With revenue projected to grow by 64.6% this fiscal year, investors seeking deeper insights can access comprehensive analysis and 18 additional ProTips through InvestingPro’s detailed research reports, which cover over 1,400 US stocks including ADN.

In other recent news, Advent Technologies Holdings, Inc. announced that it has reached a settlement agreement with F.E.R. fischer Edelstahlrohre GmbH to resolve a dispute related to a previous share purchase agreement. The settlement was disclosed in a Form 8-K filing with the Securities and Exchange Commission. Under the terms of the agreement, Advent Technologies will pay Fischer €5,366,625.55 in installments starting September 1, 2025. However, the company can opt to pay a reduced amount of €4,366,625.55 if the full payment is made by June 30, 2026. Both parties have agreed to a mutual release of claims if the reduced settlement amount is paid by the deadline. This development marks a significant step for Advent Technologies as it also regains compliance with Nasdaq requirements.

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