Advent Technologies Signs Fuel Cell Development Deal With EH Group
(RTTNews) - Advent Technologies Holdings Inc. (ADN) on Thursday announced that it has entered into a license and joint development agreement with EH Group Engineering AG.
Under the deal, EH Group has granted Advent a field-specific license to its high-temperature proton exchange membrane or HTPEM fuel cell technology.
The companies will work together to integrate their technologies and develop advanced fuel cell solutions.
The partnership will focus on stationary power uses such as backup power for data centers, telecom infrastructure, and microgrids.
On Thursday, Advent Technologies closed trading 1.35% lesser at $0.3650 on the OTC.
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.