Advent Technologies receives MEA order from European transport firm

LIVERMORE, Calif. - Advent Technologies Holdings, Inc. (NASDAQ:ADN), a small-cap company with a market value of $8.65 million, announced Thursday it has secured a purchase order for its proprietary Membrane Electrode Assemblies (MEA) from a major European transportation power company. According to InvestingPro data, analysts expect significant revenue growth of 64.6% for the company this year.

The order will begin delivery in November 2025 with completion expected by year-end, according to a company press release. Financial terms were not disclosed.

"This order reflects the strength of our technology and the trust placed in us by industry leaders," said Gary Herman, Advent’s CEO.

Advent Technologies develops fuel cell and hydrogen technology, with a focus on high-temperature proton exchange membrane (HT-PEM) technology that enables various fuels to function at high temperatures and under extreme conditions.

The company positions the transportation sector as a key growth area for its technology applications. Advent holds over 70 patents issued, pending, or licensed for fuel cell technology.

Based in Livermore, California, with additional offices in Greece, Advent Technologies commercializes its technology through partnerships with OEMs and system integrators.

The company’s stock trades on the Nasdaq under the ticker ADN.

In other recent news, Advent Technologies Holdings, Inc. announced a significant milestone in its collaboration with Airbus to develop next-generation fuel cell technology for aviation. The company reported progress in advancing its High-Temperature Proton Exchange Membrane (HT-PEM) fuel cell technology, particularly its Ion Pair Membrane Electrode Assembly (MEA) component. Additionally, Advent received an initial order for its HT-PEM electrode assemblies from a major energy sector company, though the customer’s name was not disclosed. Advent is also facing potential delisting from the Nasdaq Stock Market due to not meeting the minimum stockholders’ equity requirement. However, the company plans to appeal the decision, believing it has regained compliance. In another development, Advent has partnered with a U.S.-based semiconductor company to develop electrochemical gas sensors using its Ion Pair membrane technology. Moreover, Advent is supplying its membrane electrode assembly technology to Stralis Aircraft for their hydrogen electric Beechcraft Bonanza aircraft. These recent developments highlight Advent’s ongoing efforts to expand its technological applications across various industries.

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