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LIVERMORE, Calif. - Advent Technologies Holdings, Inc. (NASDAQ:ADN), currently trading at $4.48 and showing strong momentum with a 21.7% return over the past week, has entered into an agreement with an unnamed U.S.-based global semiconductor and wireless technology company to test and develop electrochemical gas sensors using Advent’s Ion Pair membrane technology, according to a press release issued Thursday. InvestingPro data indicates the company is currently undervalued based on its Fair Value analysis.
The collaboration will focus on utilizing Advent’s High Temperature Proton Exchange Membrane Technology (HT-PEM), specifically its Ion Pair membrane developed at Los Alamos National Laboratory. This membrane has demonstrated capability to withstand manufacturing conditions required for miniaturized gas sensors.
The potential applications for these sensors include air quality monitoring, food quality assessment, and medical applications such as breath analysis for early cancer detection. The press release indicated these sensors could potentially be integrated into smartphones.
"The ability to produce a gas sensor on a chip offers an array of possibilities including the addition of sensing capabilities to cell phones," said Dr. Emory De Castro, Advent’s Chief Technology Officer.
Gary Herman, Advent’s CEO, described the project as "another example of Advent’s innovative approaches and the disruptiveness of our HT-PEM technology."
Advent Technologies, headquartered in Livermore, California, with additional offices in Greece, develops and manufactures fuel cell systems and components for the renewable energy sector. The company reports holding approximately 150 patents issued, pending, or licensed for fuel cell technology.
The press release did not disclose financial terms of the agreement or a timeline for product development.
In other recent news, Advent Technologies Holdings, Inc. has made significant strides with its membrane electrode assembly technology, which is now being utilized by Stralis Aircraft for their hydrogen electric Beechcraft Bonanza aircraft. This high-temperature proton exchange membrane technology is noted for its ability to enhance cooling efficiency with smaller radiators, thereby reducing weight and drag on the aircraft. In another development, Advent Technologies announced a settlement agreement with F.E.R. fischer Edelstahlrohre GmbH, resolving a dispute related to a previous share purchase agreement. As part of the agreement, Advent will pay Fischer €5,366,625.55 in installments starting September 1, 2025. The company has the option to pay a reduced amount of €4,366,625.55 if settled in full by June 30, 2026. This settlement includes a mutual release of claims if the reduced payment is completed by the deadline. These recent developments reflect Advent Technologies’ ongoing efforts to advance its technology and resolve outstanding legal matters.
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