BOSTON–(BUSINESS WIRE)–Introduction Applied sciences Holdings, Inc. (NASDAQ: ADN) (“Introduction“ or the “Firm”), an innovation-driven chief within the gasoline cell and hydrogen know-how house, is happy to announce the profitable supply of Introduction’s moveable gasoline cell merchandise to the Hellenic Army’s Z Amphibious Raider Squadron (“Z’MAK”).
Introduction’s gasoline cell know-how powers a extremely refined, extremely moveable battery charger designed to fulfill the rugged off-grid energy wants in performance-demanding settings, equivalent to these usually confronted by Z’MAK and different navy divisions. The moveable gasoline cell will be shortly and effectively utilized by distant navy models to energy off-grid radio, surveillance gear, and different cell digital navy tools by working beneath even probably the most difficult fight situations. Introduction’s moveable gasoline cell makes use of the Firm’s proprietary methanol reformation know-how to ship premium efficiency alongside a major discount in measurement and weight.
Light-weight and compact, the moveable gasoline cell suits in soldier plate provider techniques and rucksacks, maximizing effectivity and portability throughout a full vary of navy operations. The moveable gasoline cell delivers as much as 50W of steady energy and as much as 85W of peak energy, guaranteeing a dependable charging expertise to all kinds of the excessive energy digital units usually utilized by Z’MAK in deployment.
Introduction’s moveable gasoline cell operates silently, and may run uninterrupted off grid for as much as two weeks with a single hot-swappable gasoline tank. The moveable gasoline cells have been deployed efficiently throughout the framework of PARMENION Nationwide large-scale Joint Train.
Dr. Vasilis Gregoriou, Introduction’s Chairman and Chief Government Officer, acknowledged: “We’re enthusiastic about our ongoing collaboration with the Hellenic Army and we’re grateful for his or her belief and confidence in our merchandise. The power of Introduction’s merchandise to successfully meet the growing working wants of key protection functions has been demonstrated within the area, and this demonstrates that our “Any Gas. Anyplace.” technique is extra related than ever. All of us at Introduction Applied sciences sit up for persevering with this collaboration with the Hellenic Army, enjoying our half of their difficult mission to guard Greek nationwide pursuits and to ensure the integrity of Greek territorial waters, the mainland, and the islands.”
About Introduction Applied sciences Holdings, Inc.
Introduction Applied sciences Holdings, Inc. is a U.S. company that develops, manufactures, and assembles full gasoline cell techniques in addition to supplying clients with vital parts for gasoline cells within the renewable power sector. Introduction is headquartered in Boston, Massachusetts, with places of work in California, Greece, Denmark, Germany, and the Philippines. With greater than 150 patents issued, pending, and/or licensed for gasoline cell know-how, Introduction holds the IP for next-generation HT-PEM that allows numerous fuels to operate at excessive temperatures and beneath excessive situations – providing a versatile gasoline possibility for the automotive, aviation, protection, oil and fuel, marine, and energy era sectors. For extra data, go to www.creation.power.
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This press launch consists of forward-looking statements. These forward-looking statements usually will be recognized by means of phrases equivalent to “anticipate,” “anticipate,” “plan,” “might,” “could,” “will,” “imagine,” “estimate,” “forecast,” “purpose,” “mission,” and different phrases of comparable which means. Every forward-looking assertion contained on this press launch is topic to dangers and uncertainties that would trigger precise outcomes to vary materially from these expressed or implied by such assertion. Relevant dangers and uncertainties embrace, amongst others, the Firm’s potential to keep up the itemizing of the Firm’s widespread inventory on Nasdaq; future monetary efficiency; public securities’ potential liquidity and buying and selling; impression from the end result of any identified and unknown litigation; potential to forecast and keep an enough price of income development and appropriately plan its bills; expectations concerning future expenditures; future mixture of income and impact on gross margins; attraction and retention of certified administrators, officers, workers and key personnel; potential to compete successfully in a aggressive business; potential to guard and improve Introduction’s company repute and model; expectations regarding its relationships and actions with know-how companions and different third events; impression from future regulatory, judicial and legislative adjustments to the business; potential to find and purchase complementary applied sciences or providers and combine these into the Firm’s enterprise; future preparations with, or investments in, different entities or associations; and intense competitors and aggressive stress from different firms worldwide within the industries by which the Firm will function; and the dangers recognized beneath the heading “Threat Components” in Introduction’s Annual Report on Type 10-Okay filed with the Securities and Alternate Fee (“SEC”) on March 31, 2022, in addition to the opposite data filed with the SEC. Buyers are cautioned to not place appreciable reliance on the forward-looking statements contained on this press launch. You’re inspired to learn Introduction’s filings with the SEC, obtainable at www.sec.gov, for a dialogue of those and different dangers and uncertainties. The forward-looking statements on this press launch communicate solely as of the date of this doc, and the Firm undertakes no obligation to replace or revise any of those statements. Introduction’s enterprise is topic to substantial dangers and uncertainties, together with these referenced above. Buyers, potential traders, and others ought to give cautious consideration to those dangers and uncertainties.
