By [email protected]_84Posted on April 7, 2022 BOSTON, April 06, 2022–(Business enterprise WIRE)–Advent Systems Holdings, Inc. (NASDAQ: ADN) (“Advent” or the “Business”), an innovation-pushed chief in the gasoline mobile and hydrogen engineering sectors, is delighted to announce the signing of a technology assessment, income, and enhancement agreement with Hyundai Motor Company (“Hyundai”), a primary multinational automotive producer presenting a assortment of world-class vehicles and mobility expert services in more than 200 nations around the world. Arrival and Hyundai purpose to produce environmentally friendly strength answers to current large carbon applications, using gasoline cell know-how. Underneath the arrangement, Hyundai will give catalysts to Arrival for analysis in its proprietary Membrane Electrode Assemblies (“MEAs”), while Introduction intends to aid Hyundai in satisfying its gasoline mobile project requirements, through: Acquiring inks and constructions making use of IFAT catalysts, which will then be evaluated by IFAT. Pursuing evaluation, Hyundai will decide whether IFAT or typical catalysts will be used for this venture. Supplying MEAs throughout the progress/commercialization cycle (“Introduction MEAs”) for testing, evaluation, and optimization underneath ailments set by Hyundai. Assisting Hyundai with the use and requirements of MEAs as very well as their implementation into Hyundai’s layouts. Following the completion of the to start with stage of the job, the companies will collaborate intently to set out distinct item needs, collaborative solution targets, as well as milestones for acquiring founded ambitions and designs for phase 2, which shall also incorporate Advent’s stack cooling technological innovation. The new Introduction MEAs to be tested by Hyundai are currently becoming designed within the framework of L’Innovator, Advent’s joint advancement program with the U.S. Section of Energy’s Los Alamos Countrywide Laboratory, Brookhaven National Laboratory, and Countrywide Renewable Electricity Laboratory. MEAs are the most crucial parts of a gasoline mobile as they drastically define the efficiency, lifetime, bodyweight, and price of the close procedure. Tale carries on Introduction MEAs run at a significant temperature (80oC to 240oC) compared to the incumbent low temperature PEM engineering, which is limited to an working temperature of beneath 100oC. The means to operate at a large temperature confers substantial benefits these types of as the successful warmth elimination in significant-duty mobility apps, making Advent’s significant temperature PEM an suitable know-how for vans, aviation, and marine programs. Advent’s MEAs can operate effectively with fuels this sort of as impure hydrogen which can be reformed on-board from methanol, natural fuel, and other renewable fuels. Advent’s MEAs are also resilient to serious temperature variants, humidity, and air quality disorders. Dr. Emory De Castro, Advent’s Main Technologies Officer, said, “We are excited and happy to be a part of forces with Hyundai, aiming to greatly contribute to their mission and to jointly participate in the pivotal part to transition world wide culture to clean up electrical power, thus producing hydrogen an economically practical strength resource. MEAs type the heart of the fuel mobile and they are also a vital ingredient for other electrochemistry apps, these kinds of as CO2-cost-free hydrogen creation, and, power storage. We hope our proprietary MEAs will greatest serve Hyundai’s enterprise needs and seem forward to a extended and very effective collaboration, sharing our long-standing expertise to assistance Hyundai in bringing its long term mobility system to everyday living.” About Arrival Systems Holdings, Inc. Advent Technologies Holdings, Inc. is a U.S. company that develops, manufactures, and assembles complete fuel mobile systems, and the vital components for gasoline cells in the renewable strength sector. Introduction is headquartered in Boston, Massachusetts, with workplaces in California, Greece, Denmark, Germany, and the Philippines. With more than 100 patents issued for its gasoline cell engineering, Introduction retains the IP for up coming-era HT-PEM that allows many fuels to perform at substantial temperatures and beneath serious disorders – featuring a adaptable “Any Fuel. Anywhere.” alternative for the automotive, aviation, defense, oil and gasoline, maritime, and electricity generation sectors. For much more details, go to www.introduction.electrical power. Cautionary Notice About Forward-Wanting Statements This push launch includes forward-searching statements. These ahead-on the lookout statements typically can be discovered by the use of terms these types of as “foresee,” “expect,” “plan,” “could,” “may,” “will,” “believe,” “estimate,” “forecast,” “intention,” “job,” and other phrases of very similar meaning. Every single ahead-seeking statement contained in this push launch is matter to dangers and uncertainties that could cause actual final results to differ materially from all those expressed or implied by this kind of assertion. Applicable threats and uncertainties include things like, among the other people, the Company’s capacity to maintain the listing of the Company’s popular inventory on Nasdaq future fiscal performance community securities’ potential liquidity and investing influence from the outcome of any identified and not known litigation ability to forecast and keep an satisfactory level of earnings growth and properly strategy its costs expectations with regards to long run expenditures long term blend of profits and outcome on gross margins attraction and retention of capable directors, officers, staff and essential staff potential to contend efficiently in a competitive sector means to shield and enhance Advent’s company standing and model expectations concerning its relationships and steps with technologies associates and other 3rd functions effects from future regulatory, judicial and legislative alterations to the market capability to track down and obtain complementary systems or products and services and combine individuals into the Company’s organization potential arrangements with, or investments in, other entities or associations and intensive opposition and aggressive force from other providers around the globe in the industries in which the Corporation will run and the dangers determined underneath the heading “Risk Components” in Advent’s Annual Report on Type 10-K/A submitted with the Securities and Exchange Fee on Could 20, 2021, as nicely as the other facts submitted with the SEC. Buyers are cautioned not to put appreciable reliance on the forward-seeking statements contained in this push launch. You are encouraged to read through Advent’s filings with the SEC, obtainable at www.sec.gov, for a discussion of these and other dangers and uncertainties. The forward-hunting statements in this press release converse only as of the day of this doc, and the Firm undertakes no obligation to update or revise any of these statements. Advent’s organization is matter to significant dangers and uncertainties, like people referenced previously mentioned. Investors, potential buyers, and other people should really give cautious consideration to these dangers and uncertainties. Check out supply variation on businesswire.com: https://www.businesswire.com/news/dwelling/20220406005641/en/ Contacts Introduction Systems Holdings, Inc.Elisabeth Maragoula / Chris Kaskavelis[email protected] TECHNOLOGY Tags: ArrangementArrivalAssessmententerHyundaiImprovementMotorOrganizationRevenueTechnologies