Replies to post #763 on Advent Technologies Holdings Inc (ADN)

[WeTheMarket]

More DD on Advent Technologies from Reddit
Posted by u/jjgrey05 20 hours ago
https://www.reddit.com/r/AdventTechnologies/comments/w6an2m/hyundai_making_moves/?utm_source=share&utm_medium=web2x&context=3

Hyundai making moves

07/20/22Farnborough Airshow, U.K., July 18, 2022 – Rolls-Royce and Hyundai Motor Group are announcing plans today to collaborate on bringing all-electric propulsion and hydrogen fuel cell technology to the Advanced Air Mobility (AAM) market. The partnership will leverage Rolls-Royce’s aviation and certification capabilities and Hyundai Motor Group’s hydrogen fuel cell technologies and industrialization capability. Both companies share a vision of leading the way in the AAM market delivering battery-electric and fuel cell electric solutions to the Urban Air Mobility (UAM) and Regional Air Mobility (RAM) markets and advancing sustainable aviation.

The Memorandum of Understanding (MOU) between Rolls-Royce and Hyundai Motor Group includes five strategic aims:

Collaborating on the technology development and requirements of power and propulsion systems for Hyundai’s Advanced Air Mobility Division.

Collaborating on the industrialization of Rolls-Royce power and propulsion systems for the Advanced Air Mobility market.

Development of electric propulsion systems based upon hydrogen fuel cells as an energy source for Hyundai’s RAM platforms.

Collaborating to bring to market a joint fuel-cell electric propulsion system to the wider AAM market.

Delivering a joint fuel-cell electric aircraft demonstration by 2025.

https://www.hyundaimotorgroup.com/news/CONT0000000000043760

07/19/22Farnborough, U.K., July 19, 2022 – Hyundai Motor Group (the Group) and Safran signed a Memorandum of Understanding (MoU) to explore and identify possible opportunities in Advanced Air Mobility (AAM) industry that would be beneficial to both parties and potential customers. The Group and Safran agreed to explore potential cooperation in various fields such as electric propulsion systems, avionics and flight control, and cabin interiors, but not limited.

https://www.safran-group.com/pressroom/hyundai-motor-group-and-safran-signed-memorandum-understanding-advanced-air-mobility-development-2022-07-19

ADN is already collaborating with Hyundai and Safran

[KJAX]

Thanks for posting. I was always flabbergasted by the disconnect between share price per outstanding share. Analyst target prices are all higher than the current $2.88 share price as well