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    Roger Bell

    Research Analyst at Hannam & Partners

    Roger Bell is Managing Director of Research at Hannam & Partners, specializing in metals and mining with a coverage focus ranging from major diversified miners to emerging explorers globally. He leads research on companies such as Black Iron and provides sector analysis across a range of commodities including copper, gold, lithium, mineral sands, and tin, though publicly available performance metrics or analyst success rates are not disclosed. Bell has held senior research positions in mining finance and currently manages the analytic team at Hannam & Partners, having joined as Director, Mining Research before assuming the Managing Director role. His credentials include leadership of FCA-regulated research teams, reflecting a deep professional track record in mining research and financial analysis.

    Roger Bell's questions to ADVENT TECHNOLOGIES HOLDINGS (ADN) leadership

    Roger Bell's questions to ADVENT TECHNOLOGIES HOLDINGS (ADN) leadership • Q3 2023

    Question

    Roger Bell asked about the production and revenue generation timeline for the Green HiPo project once funding commences, and inquired about the general structure of partnerships with downstream customers, specifically regarding equity, funding obligations, and potential royalty models.

    Answer

    Vasilis Gregoriou stated that they are ready to move very fast on the Green HiPo project as soon as funding is received, as they have been waiting for nearly a year. Regarding partnerships, he explained that the current model involves Advent providing technology to accelerate development with major partners. The long-term strategy is to license their technology to large manufacturers in sectors like automotive and aerospace for high-margin royalty revenue, while also continuing to sell complete systems.

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