Arrival Systems and Hyundai Motor Company enter into Know-how Evaluation, Revenue and Growth Settlement

BOSTON, April 06, 2022–(Company WIRE)–Advent Systems Holdings, Inc. (NASDAQ: ADN) (“Arrival” or the “Enterprise”), an innovation-pushed chief in the gas cell and hydrogen technological know-how sectors, is pleased to announce the signing of a engineering assessment, income, and development arrangement with Hyundai Motor Company (“Hyundai”), a primary multinational automotive maker giving a selection of world-course autos and mobility services in above 200 nations around the world.

Arrival and Hyundai goal to provide inexperienced power methods to existing significant carbon programs, making use of gas cell technological know-how. Beneath the settlement, Hyundai will provide catalysts to Arrival for analysis in its proprietary Membrane Electrode Assemblies (“MEAs”), though Advent intends to aid Hyundai in satisfying its fuel mobile project demands, as a result of:

  • Creating inks and constructions using IFAT catalysts, which will then be evaluated by IFAT. Next evaluation, Hyundai will determine irrespective of whether IFAT or normal catalysts will be utilized for this undertaking.

  • Giving MEAs through the enhancement/commercialization cycle (“Introduction MEAs”) for screening, evaluation, and optimization less than ailments established by Hyundai.

  • Assisting Hyundai with the use and specs of MEAs as properly as their implementation into Hyundai’s types.

Pursuing the completion of the initially section of the task, the providers will collaborate intently to established out unique solution necessities, collaborative solution objectives, as effectively as milestones for achieving set up ambitions and strategies for phase 2, which shall also include things like Advent’s stack cooling technological innovation.

The new Arrival MEAs to be examined by Hyundai are currently remaining made inside the framework of L’Innovator, Advent’s joint enhancement program with the U.S. Section of Energy’s Los Alamos Nationwide Laboratory, Brookhaven Countrywide Laboratory, and Nationwide Renewable Vitality Laboratory. MEAs are the most vital factors of a gasoline mobile as they enormously determine the performance, lifetime, body weight, and cost of the end system.

Introduction MEAs work at a higher temperature (80oC to 240oC) as opposed to the incumbent minimal temperature PEM technology, which is limited to an operating temperature of below 100oC. The capability to run at a superior temperature confers major strengths this kind of as the effective warmth removal in hefty-obligation mobility programs, producing Advent’s high temperature PEM an suitable know-how for vehicles, aviation, and marine applications. Advent’s MEAs can work successfully with fuels these types of as impure hydrogen which can be reformed on-board from methanol, all-natural gasoline, and other renewable fuels. Advent’s MEAs are also resilient to extreme temperature variants, humidity, and air good quality disorders.

Dr. Emory De Castro, Advent’s Chief Engineering Officer, said, “We are energized and proud to be part of forces with Hyundai, aiming to tremendously add to their mission and to jointly participate in the pivotal purpose to changeover global modern society to clean up strength, therefore earning hydrogen an economically practical vitality resource. MEAs kind the coronary heart of the gasoline cell and they are also a important ingredient for other electrochemistry programs, these kinds of as CO2-no cost hydrogen production, and, vitality storage. We hope our proprietary MEAs will best provide Hyundai’s business requirements and search forward to a prolonged and remarkably profitable collaboration, sharing our extensive-standing experience to help Hyundai in bringing its long run mobility system to everyday living.”

About Introduction Systems Holdings, Inc.

Arrival Technologies Holdings, Inc. is a U.S. corporation that develops, manufactures, and assembles comprehensive fuel mobile techniques, and the significant factors for fuel cells in the renewable power sector. Arrival is headquartered in Boston, Massachusetts, with workplaces in California, Greece, Denmark, Germany, and the Philippines. With additional than 100 patents issued for its gas cell technological innovation, Arrival holds the IP for subsequent-era HT-PEM that enables different fuels to perform at higher temperatures and less than extreme conditions – featuring a flexible “Any Gas. Anyplace.” choice for the automotive, aviation, defense, oil and gas, maritime, and electrical power technology sectors. For extra facts, go to www.introduction.electrical power.

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Perspective resource variation on businesswire.com: https://www.businesswire.com/news/property/20220406005641/en/

Contacts

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