Boston, MA — November 30, 2021 — Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent”), an innovation-driven leader in the fuel cell and hydrogen technology space, today announced that it will be a Gold Sponsor supporter and participant in the upcoming TowerXchange Meetup Asia 2021 events.
It is a transformational time for the telecommunication sector, and currently, thousands of new sites and structures are built every month across multiple countries in preparation of 5G rollouts, 4G expansions and in compliance with agendas for sustainable site structuring and re-structuring designed to reach targeted reductions in CO2 and particle emissions, reduced noise, and decreased vibrations. On December 6-10, 2021, tower industry leaders from across the continent will come together, alongside a senior group of handpicked mobile network operators (“MNOs”), investors, solution providers and other key stakeholders for the 8th Annual TowerXchange Meetup Asia. Advent, turnkey supplier of power generators for the green agenda, will be joining the event.
During the event on December 6-10, 2021, Advent will be represented via a virtual booth by its team members looking forward to discussing how fuel cells can support MNOs in their green transition phases.
On December, 8, 2021, Mr. Kim Abildgaard, Business Development Director from Advent, has been invited to speak on the exclusive session: “TowerXchange Dragon’s Den.” TowerXchange’s Dragon’s Den is a unique opportunity to see how C-level executives from leading towercos appraise and evaluate how technology can impact their business, as well as an opportunity to hear from the most innovative solution providers working with towercos in Asia. In this session, Mr. Abildgaard will give insights into Advent fuel cells as turnkey solutions to MNO’s, and demonstrate experiences via cases implemented in Asia with leading telcos – what drives customers and the benefits within reach by implementing fuel cell solutions. A replay of the presentation will be available following the event.
Advent will also partake in the December 9, 2021 round-table discussion on: “Fuel Flexibility: creating a roadmap from diesel to renewables.”
Morten Hougaard Sørensen, Advent’s Senior Vice President, commented, “TowerXchange makes great efforts to both set an agenda and pave the way for new and best practice for towercos and MNO’s. In recent years, we have seen TowerXchange opening up its doors to include the green agenda. This focus is highly compatible to our value propositions, offering clean power solutions to replace diesel gensets for towercos and operators. We feel very much at home and are happy to support and participate in the TowerXchange Meetup events.”
About Advent Technologies Holdings, Inc.
Advent Technologies Holdings, Inc. is a U.S. corporation that develops, manufactures, and assembles complete fuel cell systems, and the critical components for fuel cells in the renewable energy sector. Advent is headquartered in Boston, Massachusetts, with offices in California, Greece, Denmark, Germany, and the Philippines. With 150+ patents issued, licensed, applied for, or pending for its fuel cell technology, Advent holds the IP for next-generation HT-PEM that enable various fuels to function at high temperatures under extreme conditions – offering a flexible “Any Fuel. Anywhere.” option for the automotive, aviation, defense, oil and gas, marine and power generation sectors. For more information, visit www.advent.energy.
About TowerXchange
TowerXchange is an open community for thought leaders in the global towers and power industry. The community engages with infrastructure market along two axes. On a horizontal axis they foster dialogue between MNOs, towers, investors, and their advisers, accelerating to market investible, high quality telecoms infrastructure assets. On a vertical axis, they examine the impact of tower transactions on the product and service supply chain, from turnkey installation and O&M subcontractors to energy equipment, monitoring and management and static asset manufacturers. TowerXchange is actively profiling suppliers with a proven track record of success at multiple cell sites. TowerXchange hosts an industry news portal (www.towerxchange.com), consolidates content in its quarterly journal and organizes regular invitation-only TowerXchange Meetups for Directors, VP and C-level decision makers. TowerXchange is an independent media platform for the tower industry, a commentator and community host. For more information, visit: https://www.towerxchange.com
Cautionary Note Regarding Forward-Looking Statements
This press release includes forward-looking statements. These forward-looking statements generally can be identified by the use of words such as “anticipate,” “expect,” “plan,” “could,” “may,” “will,” “believe,” “estimate,” “forecast,” “goal,” “project,” and other words of similar meaning. Each forward-looking statement contained in this press release is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. Applicable risks and uncertainties include, among others, the Company’s ability to maintain the listing of the Company’s common stock on Nasdaq; future financial performance; public securities’ potential liquidity and trading; impact from the outcome of any known and unknown litigation; ability to forecast and maintain an adequate rate of revenue growth and appropriately plan its expenses; expectations regarding future expenditures; future mix of revenue and effect on gross margins; attraction and retention of qualified directors, officers, employees and key personnel; ability to compete effectively in a competitive industry; ability to protect and enhance our corporate reputation and brand; expectations concerning our relationships and actions with our technology partners and other third parties; impact from future regulatory, judicial and legislative changes to the industry; ability to locate and acquire complementary technologies or services and integrate those into the Company’s business; future arrangements with, or investments in, other entities or associations; and intense competition and competitive pressure from other companies worldwide in the industries in which the Company will operate; and the risks identified under the heading “Risk Factors” in our Annual Report on Form 10-K/A filed with the Securities and Exchange Commission on May 20, 2021, as well as the other information we file with the SEC. We caution investors not to place considerable reliance on the forward-looking statements contained in this press release. You are encouraged to read our filings with the SEC, available at www.sec.gov, for a discussion of these and other risks and uncertainties. The forward-looking statements in this press release speak only as of the date of this document, and we undertake no obligation to update or revise any of these statements. Our business is subject to substantial risks and uncertainties, including those referenced above. Investors, potential investors, and others should give careful consideration to these risks and uncertainties.
Media Contacts
Sloane & Company
James Goldfarb / Emily Mohr
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Advent Technologies Holdings, Inc.
Elisabeth Maragoula
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