Advent Technologies and Safran Power Units Sign MoU to Advance HT-PEM Fuel Cell Technology for the Aerospace Sector
Advent Technologies Holdings, Inc. (NASDAQ: ADN) ("Advent" or the "Company"), an innovation-driven leader in the fuel cell and hydrogen technology sectors, today signed a Memorandum of Understanding ("MoU") with Safran Power Units, a leader in auxiliary power systems and turbojet engines.
- Advent Technologies Holdings, Inc. (NASDAQ: ADN) ("Advent" or the "Company"), an innovation-driven leader in the fuel cell and hydrogen technology sectors, today signed a Memorandum of Understanding ("MoU") with Safran Power Units, a leader in auxiliary power systems and turbojet engines.
- Leveraging Advent's proprietary Ion Pair™ Membrane Electrode Assembly (“MEA”) technology, and Safran Aerospace knowledge and capabilities, this new collaboration will seek to advance the development of next-generation high-temperature proton exchange membrane (“HT-PEM”) fuel cell technology, specifically for the aerospace sector.
- "We are excited about the collaboration with Safran Power Units, as it signifies a major leap forward in advancing our HT-PEM fuel cell technology for the aerospace sector," commented Dr. Vasilis Gregoriou, Advent’s Chairman and CEO.
- By combining our strengths, we are confident in our ability to spearhead the advancement of HT-PEM fuel cell technology in the aerospace sector.