NEXT GENERATION FUEL CELL TECHNOLOGY
Evolution & Innovation
Development / Evolution
Key Partnerships
Development of
initial fuel cells
Advent
Advent TPS®
introduced
2003
R&D
2012
Incorporate in USA
Seed Round
NASA
Consolidating 50+ international patents and $500m+ of
technology investments by partners, predecessors and strategic
licensing & acquisition agreements
Market Penetration
UltraCell
Stealth loT
company
begins
HIGH POWER MICRO FUEL CELLS
program with
Advent
U.S.NAVAL
RESEARCH
LABORATORY C
2013-2016
UltraCell
renews multi-
year supply
contract
US Navy
purchases
stacks
2018-2019
D-BASF
The Chemical Corgony
eesa
Projects with
NASA, ESA, DOE
Consolidate
membrane
technology;
BASF license
www.advent.energy
Mass Adoption
Palcan
Palcan signs
MEA supply
agreement
AIWAYS
EV manufacturer
engagement
SAFRAN
SAFRAN
expands
⚫program
ESS signs
component supply
agreement
2020
License
advanced stack
technology
from EnerFuel
BROOKHAVEN
NATIONAL LABORATORY
Los Alamos
NATIONAL LABORATORY
Collaboration with
US DOE Los Alamos,
Brookhaven labs
Beyond
Production ramp
up and
commercialization
of products
Scale-up
fundraising;
progressing major
contracts
ADVENT
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