InvestorsHub Logo
Followers 31
Posts 8691
Boards Moderated 10
Alias Born 12/13/2014

Re: None

Thursday, 01/25/2024 8:18:13 AM

Thursday, January 25, 2024 8:18:13 AM

Post# of 1264
Form 8-K
January 19, 2024
https://d18rn0p25nwr6d.cloudfront.net/CIK-0001744494/4bdb21b4-5827-47c9-b678-973f214ad639.pdf

Item 8.01 Other Events.

On January 19, 2024, Advent Technologies, Inc. (“Advent”), a wholly owned subsidiary of Advent Technologies Holdings, Inc., a Delaware corporation (the “Company”), entered into an agreement (the “Agreement”) for a joint benchmarking project (the “Project”) with Airbus SAS (“Airbus”), a global leader in aeronautics, space, and related services, regarding an optimized Ion Pair™ Membrane Electrode Assembly (“MEA”) for hydrogen fuel cells. The goal of the Project is to accelerate the development of Advent’s MEA and benchmark the Ion Pair MEA against aviation requirements and current/expected technological limits. Airbus has agreed to provide a portion of the financial contribution to the Project and share its extensive knowledge of the aviation industry, and Advent has agreed to invest in people, materials, hardware, and third-party research centers, to contribute to the goals of the Project. The combined value of Advent and Airbus’ investment pursuant to the Agreement is $13 million. The Project will take place over the next two years and will commence concurrently upon the execution of the Agreement
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent ADN News