LIVERMORE, Calif., Oct. 27, 2025 (GLOBE NEWSWIRE) — Advent Technologies Holdings, Inc. (NASDAQ: ADN), through its wholly owned subsidiary Advent Technologies S.A., is pleased to announce its official collaboration with Arxicon, a leading Greek engineering and project management firm, for the development of its master plan for the RHyno Project.<\/p>\n
The RHyno Project officially commenced on April 1, 2025, and is funded by the EU Innovation Fund. It involves the development and construction of the facility and key infrastructure for manufacturing innovative fuel cells, electrolysers, and their critical components, including Advent\u2019s cutting-edge Membrane Electrode Assembly (MEA) technology, at megawatt scale. RHyno aims to revolutionize clean energy systems by enhancing power density and lifespan, while significantly reducing weight and volume through a streamlined balance of plant. The project will reinforce Advent\u2019s leadership in the fuel cell market and mark its strategic entry into the rapidly evolving electrolyser sector. The total non-dilutive grant portion of the funding to be awarded to Advent for RHyno is \u20ac34.5 million. For more information visit: www.adventrhyno.com<\/a>.<\/p>\n Gary Herman, CEO of Advent Technologies, commented, \u201cWe are thrilled to work with Arxicon and have the benefit of its extensive experience and proven track record in delivering complex infrastructure projects across continents. Together, we aim to accelerate the deployment of next-generation hydrogen technologies and contribute meaningfully to Europe\u2019s clean energy transition.\u201d<\/p>\n Savas Ioakimides, CEO, Board of Principals and Founding Partner of Arxicon, added, \u201cWe are immensely proud to bring our specialized engineering and consulting expertise to the RHyno Project and partnering with Advent on this landmark initiative. Our role is to provide the managerial, architectural and engineering backbone for this state-of-the-art, efficient and sustainable manufacturing hub in Kozani Greece. We believe this collaboration is a pivotal moment for Greece in taking the lead in Europe\u2019s hydrogen economy, securing its energy independence toward a fully sustainable Type I status.\u201d<\/p>\n Konstantinos Ferderigos, Advent\u2019s General Manager for Greece, commented, \u201cWe are excited to join forces with Arxicon on the RHyno Project, a milestone initiative for Greece and Europe\u2019s clean energy future. The project will further Europe\u2019s goal of energy independence and showcase Greece\u2019s growing role in the global clean tech landscape.\u201d<\/p>\n About Advent Technologies Holdings, Inc.<\/strong> About Arxicon<\/strong> Cautionary Note Regarding Forward-Looking Statements<\/strong><\/p>\n This press release includes forward-looking statements. These forward-looking statements generally can be identified by the use of words such as \u201canticipate,\u201d \u201cexpect,\u201d \u201cplan,\u201d \u201ccould,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cbelieve,\u201d \u201cestimate,\u201d \u201cforecast,\u201d \u201cgoal,\u201d \u201cproject,\u201d and other words of similar meaning. Each forward-looking statement contained in this press release is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. Applicable risks and uncertainties include, among others, the Company\u2019s ability to maintain the listing of the Company\u2019s common stock on Nasdaq; future financial performance; public securities\u2019 potential liquidity and trading; impact from the outcome of any known and unknown litigation; ability to forecast and maintain an adequate rate of revenue growth and appropriately plan its expenses; expectations regarding future expenditures; future mix of revenue and effect on gross margins; attraction and retention of qualified directors, officers, employees and key personnel; ability to compete effectively in a competitive industry; ability to protect and enhance Advent\u2019s corporate reputation and brand; expectations concerning its relationships and actions with technology partners and other third parties; impact from future regulatory, judicial and legislative changes to the industry; ability to locate and acquire complementary technologies or services and integrate those into the Company\u2019s business; future arrangements with, or investments in, other entities or associations; and intense competition and competitive pressure from other companies worldwide in the industries in which the Company will operate; and the risks identified under the heading \u201cRisk Factors\u201d in Advent\u2019s Annual Report on Form 10-K filed with the Securities and Exchange Commission (\u201cSEC\u201d) on June 6, 2025, as well as the other information filed with the SEC. Investors are cautioned not to place considerable reliance on the forward-looking statements contained in this press release. You are encouraged to read Advent\u2019s filings with the SEC, available at\u00a0www.sec.gov<\/a>, for a discussion of these and other risks and uncertainties. The forward-looking statements in this press release speak only as of the date of this document, and the Company undertakes no obligation to update or revise any of these statements. Advent\u2019s business is subject to substantial risks and uncertainties, including those referenced above. Investors, potential investors, and others should give careful consideration to these risks and uncertainties.<\/p>\n
Advent Technologies Holdings, Inc. is a U.S. corporation that develops, manufactures, and assembles complete fuel cell systems, as well as supplying customers with critical components for fuel cells in the renewable energy sector. Advent is headquartered in Livermore, CA, with offices in Germany, Athens, Kozani and Patras, Greece. With more than 70 patents issued, pending, and\/or licensed for fuel cell technology, Advent holds the IP for next-generation HT-PEM that enables various fuels to function at high temperatures and under extreme conditions, suitable for the automotive, aviation, defense, oil and gas, marine, and power generation sectors. For more information visit our website at www.advent.energy<\/p>\n
Arxicon has operated in three continents, together with its partners, joint ventures, and consortiums, providing a full range of services in more than fifteen countries. With over \u20ac500 million in completed projects since 2000, Arxicon brings unmatched expertise and professionalism as consultants, main contractors, sub-contractors, and outsourcing collaborators. This extensive experience equips Arxicon to be a valuable partner for future projects across its service domains. For more information visit: www.arxicon.com<\/p>\n
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