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Saturday, July 2, 2022

Advent Technologies [NASDAQ: ADN] Reports The Purchase Of Ultracell

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Advent Technologies Holdings, Inc. [NASDAQ: ADN ] revealed that the company has purchased UltraCell LLC.  UltraCell is the fuel cell subsidiary of Bren-Tronics, Inc. The procurement shut on February 18, 2021.

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UltraCell is a pioneer in lightweight fuel cells for the portable power market with developed items and advanced innovation. The versatile battery chargers are the only fuel cell items that the NATO-approve. Moreover, Three additional NATO partners are right now testing the UltraCell framewroks. UltraCell’s energy unit items have likewise been recognized and introduced on different worldwide NATO occasions.

UltraCell’s fuel cell advancements will supplement the growth and development of Advent’s cutting-edge lightweight frameworks for the portability market. The company intends to hold and grow current UltraCell activities and abilities in the Livermore, California territory. It does so in corresponding to its Boston tasks and keeps on delivering on its “Made in the USA” guarantee.

Dr. Vasilis Gregoriou, Advent’s CEO and Founder states “We are eager to invite our long-term accomplices from UltraCell to the Advent family. The two groups share a similar DNA and focus on advancement and have cooperated for quite a long time, so we anticipate that this should be an effective combination.

He further said “ Our plan is extremely clear, and we have placed it in real life following our public posting. We believe our cutting-edge HT-PEM innovation that we co-create with the US Department of Energy, along with UltraCell’s expertise and lightweight stack developments, is an invincible combination. Together, we can bring to the market industry-leading products that will profit different end of the markets”

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