First Quarter Conference Call and Webcast Virtual Annual Meeting Date: May 8, 2025 Date: May 8, 2025Time: 1:00 PM (Eastern Time) Time: 11:00 AM (Eastern Time) EDMUNDSTON, N.B., April 17, 2025 (GLOBE NEWSWIRE) -- Acadian Timber Corp. will release its 2025 first quarter results after market close on Wednesday, May 7, 2025, which will be available on our website at www.acadiantimber.com/financial-information/. The release will be followed by a conference call and webcast on Thursday, May 8, 2025 a ...

LIVERMORE, Calif., April 16, 2025 (GLOBE NEWSWIRE) -- (NASDAQ: ADN). Advent Technologies Holdings, Inc. announced today that, as expected, it received a notice from Nasdaq on April 16, 2025, notifying the Company that it is not in compliance with the periodic filing requirements for continued listing set forth in Nasdaq Listing Rule 5250(c)(1) because the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 (“Fiscal Year 2024 10-K”) was not filed with the Securities and Exchange Commiss ...

Core Insights - Advent Technologies Holdings, Inc. has received approval from Airbus to advance to Phase Two of their joint project focused on optimizing the Ion Pair™ Membrane Electrode Assembly (MEA) for hydrogen fuel cells [1][2] - The collaboration aims to enhance the performance of the MEA, which has shown improvements in Phase One, and to benchmark it against aviation requirements and technological limits [3][4] Investment and Development - Advent has made significant investments in personnel, materials, hardware, and third-party research centers to support the project's objectives [2] - The project is designed to address the needs of future hydrogen-fueled aircraft while potentially reducing the weight and volume of the powertrain system [5] Technological Advantages - High-temperature proton exchange membrane (HT-PEM) MEAs, which operate above 180 °C (360°F), are expected to improve thermal management in aviation fuel cells, leading to enhanced performance and increased range compared to low-temperature alternatives [4] - Advent's HT-PEM technology is positioned as a versatile solution not only for aviation but also for heavy-duty trucks, automotive applications, and marine use [4] Company Overview - Advent Technologies is a U.S. corporation specializing in the development, manufacturing, and assembly of complete fuel cell systems, with a strong intellectual property portfolio of approximately 150 patents related to fuel cell technology [6]

Core Insights - OpenAI's GPT-4 has significant implications for cybersecurity, presenting both opportunities and threats as discussed at the RSA Conference 2023 [1][2] - The potential for increased cyberattacks and code reuse is anticipated due to the capabilities of ChatGPT [2] - Cybersecurity professionals must adapt to the evolving landscape by utilizing AI technology for defense against AI-generated threats [5][6] Group 1: Cybersecurity Threats - ChatGPT can be exploited to create AI-generated phishing scams, posing a new threat to cybersecurity [4] - Hackers may manipulate ChatGPT to generate hacking code, necessitating continuous upskilling for cybersecurity professionals [5] - The dual-use nature of ChatGPT means that both malicious actors and defenders can leverage its capabilities [6] Group 2: Positive Applications in Cybersecurity - Microsoft’s Security Copilot, powered by GPT-4, aids security teams in incident response and threat hunting, enhancing operational efficiency [3] - OpenAI Playground serves as a testing platform for various permutations of OpenAI models, which can be beneficial for cybersecurity applications [2] Group 3: Regulatory and Market Implications - There is a call for stricter regulations on AI usage in cybersecurity, highlighted by the Biden administration's "Blueprint for an AI Bill of Rights" [7] - The advent of ChatGPT is expected to drive interest in cybersecurity stocks, with ETFs like HACK, CIBR, IHAK, and WCBR experiencing a decline of 2.9% to 4.4% in the past month [8]

Core Insights - Advent Technologies Holdings, Inc. has secured a €34,534,318 grant from the EU Innovation Fund for its RHyno Project, aimed at developing innovative fuel cell and hydrogen technologies [1][2][5] - The RHyno Project is expected to establish infrastructure for advanced fuel cells and electrolysers, enhancing power density and lifespan while reducing weight and volume [3][4] - The project is positioned to decarbonize carbon-intensive industries such as aviation, maritime, and heavy-duty automotive sectors, contributing to the clean energy transition [4] Company Overview - Advent Technologies is a U.S. corporation specializing in fuel cell, methanol, and hydrogen technology, with a focus on Membrane Electrode Assembly (MEA) and fuel cell stack development [6] - The company holds approximately 150 patents related to HT-PEM fuel cell technology, enabling the use of green eFuels, renewable natural gas, or hydrogen [6] - Advent's fuel cells are designed for various applications, including stationary, portable, data center, off-grid power generation, and heavy-duty mobility [7] Project Significance - The RHyno Project is recognized as a significant achievement, ranking highest among 337 proposals submitted to the EU Innovation Fund 2023 Call [2] - The project is expected to foster strong industrial partnerships and collaborations with academic institutions, enhancing Advent's market position [2][4] - The funding will be received incrementally based on the completion of specific performance milestones, ensuring accountability and progress [1]

Core Insights - Acadian Timber Corp. reported strong financial results for the fourth quarter and the full fiscal year 2024, with total sales reaching $116.2 million, a significant increase from $93.5 million in 2023, driven by the sale of voluntary carbon credits and improved timber sales volume [2][3][13]. Financial Performance - For the fourth quarter, Acadian generated sales of $20.3 million, down from $23.8 million in the prior year, with timber sales volume remaining consistent [9][12]. - The company achieved Free Cash Flow of $29.7 million for the year, compared to $15.0 million in 2023, reflecting higher Adjusted EBITDA and proceeds from timberland sales [3][16]. - Net income for 2024 was $21.7 million, or $1.24 per share, down from $29.4 million, or $1.72 per share, in 2023, primarily due to lower non-cash fair value adjustments [17]. Operational Highlights - Acadian established its own internal harvesting operation in Maine to address contractor availability issues, purchasing harvesting equipment and hiring operators [4][41]. - The company signed an agreement to acquire logging assets from A & A Brochu for $4.8 million to further enhance its harvesting capabilities [5]. Segment Performance - In New Brunswick, timber sales totaled $74.3 million, down from $77.1 million in 2023, with freehold sales volume increasing 18% due to improved contractor availability [23][24]. - Maine Timberlands reported sales of $17.3 million, up from $16.3 million in 2023, with a 9% increase in sales volume, although contractor availability remained a challenge [33][34]. Environmental Solutions - Acadian's voluntary carbon credit project sold 752,100 credits in 2024, contributing $24.6 million to total sales, with an average price of approximately U.S.$24 per credit [3][39]. - The company is planning to register additional carbon credits in 2025, which is expected to enhance its environmental solutions segment [39]. Outlook - The company anticipates stable demand for sawlogs in the near term, with pricing challenges expected until end-use markets improve [40][42]. - Acadian plans to increase production and reduce operating costs in Maine through its internal harvesting operations, with expectations for gradual improvements in financial results throughout 2025 [41].

Core Insights - Advent Technologies Holdings, Inc. has launched the RESCUE project, a strategic initiative aimed at developing portable fuel cells for backup power during natural disasters, with a total budget of €5 million and a funding rate of 70% [1][4] - The project will focus on creating a certified, portable 50 kW power generator system utilizing HT-PEM technology, involving collaboration with several international partners [2][3] Group 1 - The RESCUE project is coordinated by DLR (Germany) and includes partners such as Advent Technologies (Greece), CERTH (Greece), THW (Germany), DTU (Denmark), and ProACT (Greece) [2] - Advent Technologies will serve as the primary technology provider, concentrating on system integration and innovation, with the main deliverable being a dual-fuel portable power generator system [3] - The project aims to enhance energy resilience and environmental sustainability by utilizing hydrogen and hydrogen-rich fuels, addressing the need for reliable power solutions in disaster-stricken areas [4] Group 2 - Advent Technologies is a U.S. corporation specializing in the development and manufacturing of fuel cell systems, holding over 150 patents related to fuel cell technology [5] - The company is headquartered in Livermore, CA, with additional offices in Athens and Patras, Greece, and focuses on various sectors including automotive, aviation, defense, and power generation [5]

Core Insights - Advent Technologies Holdings, Inc. has launched the RESCUE project, a strategic initiative aimed at developing portable fuel cells for backup power during natural disasters, with a total budget of €5 million and a funding rate of 70% [1][2] Group 1: Project Overview - The RESCUE project aims to create a certified, portable 50 kW power generator system utilizing HT-PEM technology to provide reliable backup power in critical situations [2][3] - The project is a collaborative effort involving several partners, with DLR (Germany) as the project coordinator and participation from Advent Technologies (Greece), CERTH (Greece), THW (Germany), DTU (Denmark), and ProACT (Greece) [2] Group 2: Company Role and Contributions - Advent Technologies will serve as the primary technology provider, focusing on system integration and innovation, with the key deliverable being a dual-fuel portable power generator system [3] - The generator system will consist of a generator module and a fuel tank, each housed in separate 20-foot containers to enhance mobility and deployment [3] Group 3: Strategic Importance - The RESCUE project addresses the urgent need for sustainable, portable power solutions in disaster-stricken areas, emphasizing the importance of supporting essential infrastructure [4] - By utilizing hydrogen and hydrogen-rich fuels, the project aims to establish new standards for energy resilience and environmental sustainability [4] Group 4: Company Background - Advent Technologies Holdings, Inc. develops and manufactures complete fuel cell systems and supplies critical components for the renewable energy sector, holding over 150 patents related to fuel cell technology [5]

Core Viewpoint - Acadian Timber Corp. has signed an agreement to acquire assets from A & A Brochu, LLC for a total of U.S. $4.8 million, which includes harvesting, trucking, and road building equipment, as well as related real estate in the Millinocket, Maine region [1][2]. Company Overview - Acadian Timber Corp. is one of the largest timberland owners in Eastern Canada and the Northeastern U.S., managing approximately 2.4 million acres of land [3]. - The company owns about 775,000 acres of freehold timberlands in New Brunswick and 300,000 acres in Maine, in addition to providing timber services for approximately 1.3 million acres of Crown licensed timberlands in New Brunswick [3]. - Acadian's primary business involves forest management and the production of timber products, including softwood and hardwood sawlogs, pulpwood, and biomass by-products, sold to around 90 regional customers [3]. Business Strategy - The company's strategy focuses on maximizing cash flows from existing timberland assets through sustainable forest management and other land use activities [4]. - Acadian aims to grow its business by acquiring assets and actively managing them to enhance performance [4].

Core Viewpoint - Acadian Timber Corp. is set to release its fourth quarter results for 2024 on February 12, 2025, followed by a conference call on February 13, 2025, to discuss financial and operational outcomes [1][2]. Company Overview - Acadian Timber Corp. is one of the largest timberland owners in Eastern Canada and the Northeastern U.S., managing approximately 2.4 million acres of land [4]. - The company owns about 775,000 acres of freehold timberlands in New Brunswick and 300,000 acres in Maine, in addition to providing timber services for approximately 1.3 million acres of Crown licensed timberlands in New Brunswick [4]. - Acadian's product offerings include softwood and hardwood sawlogs, pulpwood, and biomass by-products, which are sold to around 90 regional customers [4]. - The company also engages in the development of carbon credits for sale in voluntary carbon credit markets [4]. Business Strategy - The business strategy of Acadian Timber Corp. focuses on maximizing cash flows from existing timberland assets through sustainable forest management and other land use activities [5]. - The company aims to grow its business by acquiring additional assets and actively managing these assets to enhance performance [5].