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Advent Technologies Enters Into Technology Assessment Agreement With Second Large Global Automotive Manufacturer | Region

BOSTON–(Business WIRE)–May perhaps 9, 2022–

Arrival Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent“ or the “Company”), an innovation-driven chief in the gas mobile and hydrogen technological know-how place, is pleased to announce the signing of a know-how evaluation settlement with a next substantial worldwide automotive producer.

With a frequent target of sustainability and the a lot quicker decarbonization of the U.S. automotive business, Advent is supporting initiatives to advance innovative gas cell engineering as a sustainable and economical possibility for obtaining carbon neutrality. Additional exclusively, Introduction will deliver aid, via:

  • Giving Membrane Electrode Assemblies (“MEAs”) for testing, evaluation, and optimization less than the collaborator’s circumstances.
  • Offering aid on MEA operational parameters when the collaborator supplies comments to Arrival on effectiveness and sturdiness.
  • Sharing technological know-how for gasoline mobile stacks, proprietary HT-PEM technologies, and leveraging HT PEM for superior cooling devices.

One of the primary objectives will be to conduct a specific evaluation of Advent’s proprietary HT-PEM know-how and newly launched MEAs for thought of foreseeable future chances. Contingent on the prosperous execution of the 1st phase of the venture, the organizations will operate to establish a Joint Progress Arrangement governing, among other matters, unique product or service needs, ambitions, milestones, and ideas.

The new Arrival MEAs to be analyzed as portion of this job, are at the moment becoming created within just the framework of L’Innovator, Advent’s joint improvement program with the U.S. Department of Energy’s Los Alamos Countrywide Laboratory, Brookhaven Countrywide Laboratory, and Nationwide Renewable Electricity Laboratory. MEAs are the most significant factors of a gas mobile as they drastically outline the effectiveness, life time, fat, and price tag of the conclude procedure. Advent MEAs function at superior-temperature (80 o C to 240 o C) though the incumbent LT-PEM technological know-how is minimal to below 100 o C. Significant-temp procedure is important for effective warmth removal in hefty-duty mobility apps, generating HT-PEM an suitable technological innovation for trucks, aviation, and marine. In addition, Arrival MEAs can do the job with impure hydrogen which can be reformed on-board from methanol, organic gasoline, and other renewable fuels, and are resilient to extreme temperature, humidity and air excellent circumstances.

Dr. Emory De Castro, Advent’s Main Know-how Officer, mentioned, “We are anxious to decarbonize the automotive field using next-technology gasoline mobile know-how and welcome this remarkably impactful collaboration. MEA is the heart of the gasoline mobile and a crucial element used in fuel cells and other electrochemistry programs these kinds of as CO2-no cost hydrogen output, and electricity storage. All of us at Introduction systems glimpse ahead to a extended and effective collaboration, which will permit us to share our extensive-standing experience and assistance reshape the automotive market by replacing the need to have for common fuels though creating cleanse electric power.”

About Introduction Systems Holdings, Inc.

Introduction Systems Holdings, Inc. is a U.S. corporation that develops, manufactures, and assembles gas mobile units and the crucial components for fuel cells and other innovative electrical power units. Introduction is headquartered in Boston, Massachusetts, with locations in California, Denmark, Germany, Greece, and the Philippines. With 150-as well as patents issued, pending, or licensed for its gas mobile technological know-how, Advent retains the IP for subsequent-era HT-PEM that enable many fuels to functionality at significant temperatures below severe situations – supplying a flexible “ Any Gas. Anywhere.” solution for the automotive, maritime, aviation, and ability technology sectors. For extra details, go to www.introduction.electricity.

Cautionary Take note Relating to Forward-On the lookout Statements

This push release includes forward-wanting statements. These ahead-on the lookout statements normally can be recognized by the use of words and phrases this kind of as “anticipate,” “expect,” “plan,” “could,” “may,” “will,” “believe,” “estimate,” “forecast,” “goal,” “project,” and other terms of equivalent indicating. Each and every forward-wanting assertion contained in this press launch is matter to pitfalls and uncertainties that could cause precise results to differ materially from people expressed or implied by these assertion. Relevant hazards and uncertainties include things like, among the many others, long run economic overall performance general public securities’ likely liquidity and buying and selling effects from the result of any identified and unidentified litigation means to forecast and manage an ample price of income growth and properly program its costs anticipations with regards to upcoming expenses future mix of income and result on gross margins attraction and retention of competent directors, officers, staff and key personnel ability to contend successfully in a competitive market ability to safeguard and improve corporate reputations and brand anticipations about relationships and actions with technology associates and other 3rd events affect from long term regulatory, judicial and legislative modifications to the marketplace foreseeable future arrangements with, or investments in, other entities or associations and intensive competitors and competitive stress from other corporations globally and the threats identified below the heading “Risk Factors” in Advent’s Yearly Report on Form 10-K filed with the Securities and Exchange Fee, as very well as the other information each has files with the SEC. We warning investors not to put significant reliance on the forward-on the lookout statements contained in this push release. You are inspired to study the filings with the SEC, obtainable at www.sec.gov, for a discussion of these and other risks and uncertainties. The ahead-on the lookout statements in this push launch talk only as of the date of this doc, with no obligation to update or revise any of these statements. Traders, prospective traders, and some others really should give mindful thing to consider to these dangers and uncertainties.

Watch supply model on businesswire.com:https://www.businesswire.com/information/property/20220509005764/en/

Call: Arrival Systems Holdings, Inc.

Michael Trontzos / Chris Kaskavelis

[email protected]

Key word: MASSACHUSETTS UNITED STATES NORTH The usa

Business Key word: AUTOMOTIVE AUTOMOTIVE Manufacturing Producing Effectiveness & Distinctive Desire Different Vitality Power Alternate Motor vehicles/FUELS

Supply: Introduction Systems Inc.

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PUB: 05/09/2022 11:05 AM/DISC: 05/09/2022 11:06 AM

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