Why Advent Technologies (ADN) Shares Are Gaining Today - Hyundai Motor (OTC:HYMTF), Advent Technologies Hldgs (NASDAQ:ADN)

Advent Technologies Holdings Inc ADN shares are up over 36% premarket on Thursday following a Joint Development Agreement with Hyundai Motor Company HYMTF.
The partnership builds upon a commitment from both companies to develop sustainable energy solutions for carbon-intensive applications.
The technology assessment evaluated Advent's proprietary Membrane Electrode Assembly (MEA) technology for supplying Hyundai's high-temperature fuel cell needs.
Under the agreement, Hyundai and Advent will further develop HMC-Advent Ion Pair MEA, establish commercial criteria for MEA supply, and evaluate Advent's advanced fuel cell technology for Hyundai's heavy-duty and/or stationary application.
Also, the parties will introduce advanced cooling technologies for mobility High-Temperature Proton Exchange Membrane (HT-PEM) fuel cell stacks.
"With our common goal to decarbonize heavy-duty transport, we are committed to contributing to Hyundai's goal of building innovative, high-performance fuel cell solutions that will make a significant impact in reducing greenhouse gas emissions," said Advent chairman and CEO Vasilis Gregoriou.
Price Action: HYMTF shares closed lower by 1.51% at $33.20 on Wednesday, while ADN shares are up over 36% to $1.65 in premarket Thursday.

Why Advent Technologies Shares Are Gaining Today