Advent Technologies Holdings, Inc. announce the signing of a Memorandum of Understanding (“MoU”) with DD Dannar, LLC. ("DANNAR"). Utilizing Advent's existing and next-generation fuel cell technology, Advent and DANNAR will collaborate to develop a fuel cell range extension for DANNAR's mobile electric equipment and create a large-scale mobile charging station.

The goal of the project is to enable DANNAR to transform its customers' fleet stock by replacing many single-use work vehicles with a multi-functional, zero-emission electric, configurable platform. This single platform could serve a host of daily maintenance, seasonal, and emergency response needs. The companies also intend to explore potential commercialization opportunities with third parties.

Advent's next-generation fuel cell technology addresses the global need for a dynamic, fuel-flexible power cell resilient enough to replace the diesel generator and the internal combustion engine. Based on Advent's next-generation MEA – currently being developed within the framework of L'Innovator, the Company's joint development program with the U.S. Department of Energy's Los Alamos National Laboratory, Brookhaven National Laboratory, and National Renewable Energy Laboratory – and with a unique engineering architecture, Advent's next-generation fuel cell technology is positioned to provide the clean energy solution for the mobility and power generation markets.