Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent“ or
the “Company”), an innovation-driven leader in the fuel cell and
hydrogen technology space, is pleased to announce that - within the
framework of its long-lasting collaboration with Globe Telecom,
Inc. (Globe) - it is currently upgrading Globe’s rooftop sites in
the Philippines with 10kW SereneU fuel cell systems, enabling Globe
to reach its ambitious targets for reduced CO2 emissions.
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the full release here:
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Photo featuring a SereneU fuel cell
system installed at one of Globe's rooftop sites (Photo: Business
Wire)
By deploying Advent’s SereneU fuel cells, Globe aims to reduce
carbon emissions across its network, consume cleaner fuel in
smaller quantities, achieve lower emissions, and maintain
energy-efficient heat removal.
Morten Hougaard Sørensen, Senior Vice President, Advent
Technologies A/S, said, “We have been working with Globe since the
beginning of their transition to greener operations, incorporating
the use of fuel cells in their cell sites for both rural and urban
areas, as well as their ongoing upgrades for 5G networks.”
Advent’s SereneU fuel cells produce fewer emissions than
traditional generator sets, and operate silently, thereby providing
a system with a low footprint to surrounding areas and people.
Depending on the fuels used, the systems can become close to CO2
neutral, as well as being easier to store and transport. Advent’s
SereneU systems also have higher temperature and environmental
conditions tolerance, ensuring uninterrupted back-up power and
stronger resilience against natural calamities such as typhoons,
monsoon rains, and even long dry seasons.
Dr. Vasilis Gregoriou, Advent’s Chairman and Chief Executive
Officer, stated, “We see Globe as a highly committed partner, not
only to the mission of transitioning to green technologies, but
also in establishing their independent organizational know-how and
technical expertise to lead projects, install and operate fuel
cells. We are happy to be a part of their mission, as the process
and results of our collaboration grow stronger and stronger.”
By using fuel cells in its green transition, Globe complies not
only with regulations and its own ambitions for best environmental
practices but also secures several competitive advantages. In June
2021, Globe became the first and currently only Philippine company
listed by the Science-Based Target initiative (SBTi) to commit to
Business Ambition for 1.5 degrees Celsius and has officially joined
as a participant in the #RacetoZero Campaign.
Globe’s commitment to establishing science-based targets and
net-zero emissions by 2050 is in line with the Paris Agreement and
#RacetoZero. The Paris Agreement aims to limit global warming to
1.5 degrees Celsius compared to pre-industrial levels. Race to Zero
is the UN-backed global campaign rallying non-state stakeholders to
take rigorous and immediate action to halve global emissions by
2030 and deliver a healthier, fairer zero-carbon world by 2050.
All of Globe’s initiatives in the green transition reflect its
commitment to the United Nations Sustainable Development Goals
(SDG), including SDG 12 “Sustainable Consumption and
Production”—which is about achieving economic growth and
sustainable development by urgently reducing the ecological
footprint. It is also about decoupling economic growth from
environmental degradation, increasing resource efficiency, and
promoting sustainable lifestyles by changing the way people produce
and consume goods and resources. Finally, Globe embraces the SDG 13
“Climate Action” to take urgent action to combat climate change and
its impact on lives and livelihoods due to climate emergencies.
Globe President and Chief Executive Officer, Ernest Cu, said,
“In support of the Race to Zero global campaign, Globe continues to
innovate and collaborate with partners to integrate sustainability
and champion energy efficiency throughout the entire organization.
Our partnership with Advent in implementing renewable energy
solutions has led us to achieve great things in our sustainability
journey. Through our continued efforts, we will further shift
Globe’s energy reliance towards renewable sources and decarbonized
operations.”
About Advent Technologies Holdings, Inc.
Advent Technologies Holdings, Inc. is a U.S. corporation that
develops, manufactures, and assembles complete fuel cell systems,
and the 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 100 patents issued for its 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.
About Globe
Globe is a leading full-service telecommunications company in
the Philippines and publicly listed at the PSE with the stock
symbol GLO. The company serves the telecommunications and
technology needs of consumers and businesses across an entire suite
of products and services including mobile, fixed, broadband, data
connectivity, internet and managed services. It has major interests
in financial technology, digital marketing solutions, venture
capital funding for start-ups, and virtual healthcare. In 2019,
Globe became a signatory to the United Nations Global Compact,
committing to implement universal sustainability principles. Its
principals are Ayala Corporation and Singtel, acknowledged industry
leaders in the country and in the region. For more information,
visit www.globe.com.ph. Follow @enjoyglobe on Facebook, Twitter,
Instagram and YouTube.
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/A filed with the Securities and Exchange
Commission on May 20, 2021, 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20220118005645/en/
Advent Technologies Holdings, Inc. Elisabeth Maragoula / Chris
Kaskavelis press@advent.energy
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