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Advent Technologies Announces New Vice President of Business Development for Europe

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BOSTON, March 15, 2022–(BUSINESS WIRE)–Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent” or the “Company”), an innovation-driven leader in hydrogen and fuel cell technology, is pleased to announce that Hechem Nadjar joins the company as Vice President of Business Development, leading European sales and business development.

Nadjar has extensive experience in the oil and gas industry as well as the renewable energy sector. He has successfully brought hydrogen and fuel cell technology-based solutions to market for TotalEnergies and Shell, where he was Director of Partnerships and Business Development (Clean Hydrogen) and Manager of Business and Commercial Development (Hydrogen), respectively. For the last 9 years, Nadjar has focused on commercializing sustainable solutions in the renewable energy market and has played a key role in winning contracts of high strategic value.

Hechem’s appointment comes at a critical time for our company as we redesign the way we distribute our products to better supply our wide range of clean and reliable fuel cell solutions across Europe.said Chris Kaskavelis, director of marketing for Advent.

One of Advent’s main goals is to make a positive contribution to global decarbonization efforts. We offer solutions that significantly reduce emissions and increase efficiency. Hechem will further enhance these efforts by taking a leadership role in entering into joint development agreements for our fuel cell innovations in the transportation market. We are very glad to welcome you to the Advent team and look forward to a successful cooperation.” continued Dr. Kaskavelis.

Hechem Najar stated: “I am proud and excited to partner with Advent in their mission to create a cleaner and safer world through the use of hydrogen and fuel cell technology. I will use my years of experience to bring current and future Advent products to the European market and build long-term, sustainable partnerships to accelerate this mission.

About Advent Technologies Holdings, Inc.

Advent Technologies Holdings, Inc. is an American company that designs, manufactures and assembles critical components for fuel cells and advanced power systems in the renewable energy space. Advent is headquartered in Boston, Massachusetts, with offices in the San Francisco Bay Area and Europe. With more than 120 patents issued (or pending) for its fuel cell technology, Advent owns the intellectual property for next-generation high-temperature proton exchange membranes (HT-PEMs) that allow various fuels to operate at high temperatures. in extreme conditions and therefore the flexible Any Fuel option. Anywhere.” for the automotive, marine, aerospace and power generation industries. For more information, visit www.advent.energy.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements. This press release contains forward-looking statements. These forward-looking statements are generally identified by terms such as “anticipate”, “expect”, “plan”, “could”, “could”, “believe”, “estimate”, “project”, “target”. “, “project” and other words of similar import. All forward-looking statements in this press release are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in this press release. risks and uncertainties include, but are not limited to, the Company’s ability to maintain the Company’s common stock listing on the Nasdaq, future financial performance, potential liquidity and trading in public securities, the impact of the outcome of known litigation and unknowns, the ability to project and maintain reasonable growth in revenues and expenses; plan appropriately; expectations about future expenses; mix of future revenues and impact on gross margins; attract and retain qualified directors, officers, employees, and key personnel ability to compete effectively in a competitive industry ability to protect and enhance Advent’s reputation and brand; expectations regarding Advent’s relationships and actions with technology partners and other third parties; effects of future regulatory, judicial and legislative changes in the industry; the ability to find and acquire complementary technologies or services and integrate them into the Company’s business; future agreements or investments in other companies or associations; and intense competition and competitive pressures from other companies around the world in the industries in which the Company will operate; and the risks discussed under the heading “Risk Factors” in Advent’s Annual Report on Form 10-K/A filed with the Securities and Exchange Commission on May 20, 2021 and other information filed with the SEC. Investors are cautioned not to place undue reliance on the forward-looking statements contained in this press release and are encouraged to review Advent’s filings with the SEC, which are available at www.sec.gov, and other risks and uncertainties. . as of the date hereof, and the Company undertakes no obligation to update or revise these statements Our business is subject to significant risks and uncertainties, including those discussed above Investors, potential investors and other interested parties should carefully weigh these risks and uncertainties .

The source language in which the original text is published is the official and authorized version. Translations will be included for better understanding. Only the version in the language that was originally published is legally valid. Therefore, compare the translations with the original language version of the publication.

View the original version on businesswire.com: https://www.businesswire.com/news/home/20220315006026/en/

contacts

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

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