BOSTON, April 06, 2022–(Business WIRE)–Arrival Systems Holdings, Inc. (NASDAQ: ADN) (“Arrival” or the “Organization”), an innovation-driven chief in the gas mobile and hydrogen technologies sectors, is happy to announce the signing of a technological innovation assessment, profits, and progress agreement with Hyundai Motor Corporation (“Hyundai”), a primary multinational automotive company featuring a variety of globe-course motor vehicles and mobility companies in about 200 countries.

Introduction and Hyundai goal to supply inexperienced strength answers to existing significant carbon purposes, applying gasoline cell technology. Underneath the agreement, Hyundai will give catalysts to Arrival for evaluation in its proprietary Membrane Electrode Assemblies (“MEAs”), even though Introduction intends to support Hyundai in satisfying its fuel cell task demands, by way of:

• Developing inks and buildings employing IFAT catalysts, which will then be evaluated by IFAT. Pursuing evaluation, Hyundai will figure out regardless of whether IFAT or typical catalysts will be utilized for this project.

• Supplying MEAs in the course of the improvement/commercialization cycle (“Advent MEAs”) for screening, evaluation, and optimization beneath situations established by Hyundai.

• Assisting Hyundai with the use and specs of MEAs as very well as their implementation into Hyundai’s designs.

Pursuing the completion of the initial stage of the venture, the companies will collaborate closely to established out certain item demands, collaborative products plans, as nicely as milestones for obtaining recognized aims and designs for period 2, which shall also involve Advent’s stack cooling engineering.

The new Arrival MEAs to be tested by Hyundai are currently staying made in just the framework of L’Innovator, Advent’s joint growth method with the U.S. Division of Energy’s Los Alamos Countrywide Laboratory, Brookhaven Nationwide Laboratory, and Nationwide Renewable Power Laboratory. MEAs are the most vital parts of a gasoline mobile as they tremendously outline the performance, life span, weight, and price of the conclusion process.

Tale carries on

Arrival MEAs work at a superior temperature (80^oC to 240^oC) when compared to the incumbent minimal temperature PEM know-how, which is limited to an functioning temperature of below 100^oC. The capability to operate at a large temperature confers major positive aspects this kind of as the economical heat elimination in significant-obligation mobility apps, building Advent’s large temperature PEM an great technological innovation for vehicles, aviation, and maritime purposes. Advent’s MEAs can operate properly with fuels these types of as impure hydrogen which can be reformed on-board from methanol, purely natural fuel, and other renewable fuels. Advent’s MEAs are also resilient to extraordinary temperature variants, humidity, and air top quality problems.

Dr. Emory De Castro, Advent’s Chief Engineering Officer, stated, “We are thrilled and very pleased to be a part of forces with Hyundai, aiming to drastically add to their mission and to jointly participate in the pivotal position to transition world culture to cleanse energy, as a result creating hydrogen an economically practical vitality source. MEAs type the heart of the gas mobile and they are also a crucial ingredient for other electrochemistry apps, this sort of as CO2-totally free hydrogen manufacturing, and, strength storage. We hope our proprietary MEAs will very best serve Hyundai’s small business requirements and seem forward to a lengthy and hugely profitable collaboration, sharing our long-standing knowledge to help Hyundai in bringing its long term mobility technique to lifestyle.”

About Introduction Technologies Holdings, Inc.

Advent Technologies Holdings, Inc. is a U.S. corporation that develops, manufactures, and assembles entire gasoline mobile methods, and the significant parts 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 much more than 100 patents issued for its gasoline mobile know-how, Arrival holds the IP for up coming-generation HT-PEM that permits a variety of fuels to operate at substantial temperatures and under intense ailments – presenting a versatile “Any Gasoline. Anywhere.” selection for the automotive, aviation, defense, oil and fuel, marine, and ability era sectors. For additional info, pay a visit to www.advent.energy.

Cautionary Note Concerning Forward-Searching Statements

This press launch includes ahead-on the lookout statements. These forward-wanting statements normally can be discovered by the use of phrases these types of as “foresee,” “anticipate,” “plan,” “could,” “might,” “will,” “consider,” “estimate,” “forecast,” “aim,” “challenge,” and other text of very similar indicating. Every forward-searching assertion contained in this push launch is subject matter to threats and uncertainties that could cause true effects to differ materially from individuals expressed or implied by this kind of assertion. Relevant hazards and uncertainties contain, amid others, the Company’s means to preserve the listing of the Company’s popular stock on Nasdaq future money performance community securities’ prospective liquidity and investing impression from the result of any known and unidentified litigation ability to forecast and sustain an satisfactory price of income growth and appropriately prepare its costs anticipations concerning future expenditures upcoming mix of earnings and effect on gross margins attraction and retention of qualified administrators, officers, employees and important staff capacity to contend proficiently in a competitive industry capability to guard and enhance Advent’s company status and model anticipations relating to its associations and steps with engineering associates and other 3rd events effects from foreseeable future regulatory, judicial and legislative improvements to the field skill to locate and receive complementary systems or services and integrate these into the Company’s organization future arrangements with, or investments in, other entities or associations and powerful levels of competition and aggressive tension from other providers around the globe in the industries in which the Corporation will run and the challenges determined below the heading “Chance Things” in Advent’s Once-a-year Report on Kind 10-K/A filed with the Securities and Trade Fee on May 20, 2021, as well as the other information submitted with the SEC. Traders are cautioned not to put considerable reliance on the forward-wanting statements contained in this push release. You are encouraged to read through Advent’s filings with the SEC, available at www.sec.gov, for a dialogue of these and other hazards and uncertainties. The ahead-wanting statements in this press release discuss only as of the day of this doc, and the Company undertakes no obligation to update or revise any of these statements. Advent’s enterprise is matter to considerable dangers and uncertainties, which includes people referenced above. Buyers, potential investors, and many others need to give mindful thing to consider to these pitfalls and uncertainties.

Perspective resource variation on businesswire.com: https://www.businesswire.com/information/household/20220406005641/en/

Contacts

Introduction Technologies Holdings, Inc.
Elisabeth Maragoula / Chris Kaskavelis
[email protected]