Advent Technologies Announces the Appointment of Von McConnell to its Board of Directors – Yahoo Finance
BOSTON, November 04, 2022–(BUSINESS WIRE)–Advent Technologies Holdings, Inc. (NASDAQ: ADN) ("Advent" or the "Company"), an innovation-driven leader in the fuel cell and hydrogen technology space, proudly announces that Von McConnell has agreed to join its board of directors.
Mr. McConnell has nearly forty years of executive experience in the telecommunications sector, including approximately twenty years working for Sprint Corporation (now T-Mobile), where his positions included serving as the Chief Operating Officer and Executive Director of Operations for Sprint’s 4G business unit. Furthermore, Mr. McConnell has also served as Sprint’s Executive Director of Advanced Labs & Innovation, where he was responsible for research and development, systems and network design, engineering, product evaluation, customer trials, and quality certification for all wireless systems and products. He is currently the founder and president of the TM Group, a successful technology consulting firm which has been engaged in venture capital acquisitions, 5G network rollouts, Division 1 university artificial intelligence programs, and other cutting edge technological commitments. Mr. McConnell is responsible for dozens of patent innovations.
"I am excited to welcome Von, who has decades of experience working with cutting-edge technology, to Advent’s board of directors," said Dr. Vasilis Gregoriou, Advent’s Chief Executive Officer and Chairman. "We look forward to leveraging his experience and relationships in two global telecommunications corporations as Advent looks to unlock the next step of its own growth."
Mr. McConnell stated: "During my career, I have seen technology, specifically cell phones, emerge from the fringes of science fiction to mainstream adoption to being ubiquitous. I believe that Advent’s fuel cell technology has the same potential. Where clean, carbon-free energy seemed an impossible pursuit just a few years ago, Advent’s state-of-the-art, cutting-edge MEAs and fuel cells are ready to deliver on that promise as a mainstream solution to the world’s carbon crisis. I am honored to join the board and can’t wait to help Advent develop its IPCEI Green HiPo project and see it enter into long-lasting, mutually beneficial corporate partnerships deploying its fuel cells around the world."
Mr. McConnell will assume the remainder of Katrina Fritz’s Class I term as director. Ms. Fritz resigned from the Advent board on May 27, 2022. Mr. McConnell qualifies as an independent director under the definition established in the NASDAQ listing rules.
About Advent Technologies Holdings, Inc.
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 Boston, Massachusetts, with offices in California, Greece, Denmark, Germany, and the Philippines. With more than 150 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 – offering a flexible "Any Fuel. Anywhere." option for the automotive, aviation, defense, oil and gas, marine, and power generation sectors. For more information, visit www.advent.energy.
Cautionary Note Regarding Forward-Looking Statements
This press release includes forward-looking statements. These forward-looking statements generally can be identified by the use of words such as "anticipate," "expect," "plan," "could," "may," "will," "believe," "estimate," "forecast," "goal," "project," 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’s ability to maintain the listing of the Company’s common stock on Nasdaq; future financial performance; public securities’ 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’s 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’s 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 "Risk Factors" in Advent’s Annual Report on Form 10-K filed with the Securities and Exchange Commission ("SEC") on March 31, 2022, 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’s filings with the SEC, available at www.sec.gov, 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’s 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20221104005630/en/
Contacts
Michael Trontzos
Advent Technologies Holdings, Inc.
press@advent.energy
Related Quotes
The online used car retailer fell almost 39% in one session on Wall Street, after disastrous quarterly results.
In this video, I will talk about why shares of Twilio (NYSE: TWLO) plunged 35% after the company reported Q3 earnings, and whether investors should see this as an opportunity or a warning. For the full insights, watch the video, consider subscribing, and click the special offer link below.
The outlook for PC sales has been deteriorating throughout 2022. And a survey by the bank found that the consumers are increasingly cautious.
On Oct. 27, e-commerce and cloud computing titan Amazon (NASDAQ: AMZN) reported financial results for the third quarter of 2022. Studious investors undoubtedly read the official press release and noted slowing revenue growth, a steep decrease in operating income, and weak financial guidance. Amazon Web Services (AWS) is Amazon's cloud-computing platform, helping companies like Netflix in creating its video content, Verizon in building out its 5G infrastructure, and even Vertex Pharmaceuticals in developing new drugs.AWS is so big that there's a good chance it's powering something you use today behind the scenes.
Artificial intelligence (AI) advances continue to transform the technology industry. Its ability to take on tasks that previously required human intervention holds the potential to change the world while it benefits the stocks that put it to effective use.
FAANG stocks ruled the market for a decade. The group that includes Meta Platforms (formerly Facebook), Amazon (NASDAQ: AMZN), Apple, Netflix, and Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) (formerly Google) delivered monster returns for years, but most of these stocks have crumbled over the last year. Rising interest rates, recession fears, and other macro headwinds have pressured these stocks, bringing the most popular bet on Wall Street to an end.
Century Aluminum Company (NASDAQ: CENX) shares are leading metal stocks higher with a 10.9% advance as of 2:13 p.m. ET, followed closely by similar gains from Alcoa (NYSE: AA), Southern Copper (NYSE: SCCO), and Rio Tinto Group (NYSE: RIO). Thank Alcoa, mostly. Separately but simultaneously, Alcoa is requesting the London Metal Exchange delist any Russian metals from its trading platform.
THE ADVICER MarketWatch Picks has highlighted these products and services because we think readers will find them useful; the MarketWatch News staff is not involved in creating this content. Links in this content may result in us earning a commission, but our recommendations are independent of any compensation that we may receive.
What happened Shares of Yamana Gold (NYSE: AUY) jumped 20% on Friday after the Canadian gold miner received a new buyout bid. So what Agnico Eagle Mines (NYSE: AEM) and Pan American Silver (NASDAQ: PAAS) submitted a joint bid for Yamana that values the mining company at $4.
Our modern world has a voracious appetite for metals, and smart investors can leverage that for profits. The list of metals is extensive, and ranges from lesser-known rare elements such as scandium, yttrium, and gadolinium to the vital component of every battery in every digital device, lithium. Lithium has been growing in value as laptops, ipads, and smartphones, with lithium-ion batteries, have proliferated, but in recent years the expansion of electric vehicles – and their far larger battery
Oil profits are soaring this year. Energy companies are capitalizing on higher oil and gas prices to generate record earnings and gushing cash flows. Three oil stocks that are producing monster profits these days are TotalEnergies (NYSE: TTE), Devon Energy (NYSE: DVN), and ConocoPhillips (NYSE: COP).
This year has been especially tough for the mortgage market and housing in general. The press talks about a housing recession, builders have slowed home construction, mortgage origination volume has been cut in half, and the mortgage real estate investment trusts (REITs) have been hammered by rising rates and underperforming portfolios. As the year has worn on, the dividend yields on many mortgage REITs have reached levels where dividend cuts have occurred in the past.
Each purchase puts me one step closer to my goal of eventually generating enough annual passive income to cover my expenses. Topping my list of stocks to buy this month are Crown Castle (NYSE: CCI), Atlantica Sustainable Infrastructure (NASDAQ: AY), and Verizon (NYSE: VZ). Here's why I can't wait to buy more shares of these high-yielding dividend stocks this November.
Shares in copper miner Freeport-McMoRan (NYSE: FCX) were up by around 10% midday today. The move today comes as the mining stock's bulls got to hear exactly what they wanted from China. According to a Reuters article, official sources are declaring that China will make "substantial changes" to zero-COVID policies in due course.
It's time to seriously consider investing in dividend growth stocks if you haven't already. The answer — according to investment firm Goldman Sachs — is the stocks of companies that consistently increase their dividends. Many people don't think about Microsoft (NASDAQ: MSFT) as a dividend stock.
Wow, it’s been a week in the stock market hasn’t it? Thursday marked the fourth session in a row of daily losses, with that particular hit coming after the Fed instituted its fourth consecutive 75-basis point rate hike. That hike, however, was expected; what really roiled the markets was Fed chair Powell’s indications that the central bank will not be cutting back, or even slowing down, on the rate hikes anytime soon. Inflation is currently running at 8.2% annualized, and the core CPI is up to 6
Every investor knows that there’s a ‘trick’ to succeeding in the stock market. The first step toward a winning strategy is to find stocks that are priced low but still boast solid assets that bode well for future gains. In short, the key is finding stocks that are undervalued relative to their potential, and to buy in now while the shares, along with the broader markets, are down in the doldrums. Wall Street’s analysts are seeing plenty of, in their words, undervalued stocks that are primed for
“A catastrophe (and not the natural kind),” Wells Fargo Securities analysts wrote in a note to clients describing Lincoln Financial’s earnings report.
Federal Reserve Chair Jerome Powell signals rates will move higher and stay there longer. Investors wonder if that means new lows ahead for the stock market.
With its quickly growing network effect, international ambitions, and a reduced valuation, I'm planning to buy this stock in November.