Calgary, Alberta — July 18, 2023 —AdvEn Inc. (“AdvEn”) is thrilled to announce the appointment of Eloner Habtezghi as the newest member of its esteemed Board of Directors. With an illustrious career spanning over 25 years, Eloner brings a wealth of experience in M&A advisory, capital markets, and energy operations with global organizations. Her extensive knowledge and expertise in the energy, power, and commodity sectors make her an invaluable addition to the board.

Eloner Habtezghi is currently serving as a Managing Director at Siebert Williams Shank, a prominent woman and minority-owned investment bank in the United States. In her role, she co-leads the Strategic Advisory practice, delivering top-tier M&A and Financial Advisory services to clients. Ms. Habtezghi’s impressive professional journey includes pivotal positions at esteemed institutions like BNP Paribas, KPMG Corporate Finance, Banc of America Securities, and JPMorgan. Her portfolio showcases her involvement in originating and executing over $50 billion in financings for various sectors, including Industrials, US Public Utilities, Oil & Gas Majors, and E&P Independents. Additionally, she boasts a remarkable record of having executed over $6 billion in cross-border M&A transactions.

Eloner’s career journey started with operational and reservoir engineering roles at Phillips Petroleum Company, where she focused on conventional and unconventional resource basins in East Texas, North Louisiana, and Oklahoma. This unique blend of operational and financial experience sets her apart as a multi-faceted leader in the industry.

Beyond her outstanding professional achievements, Eloner Habtezghi is dedicated to making a positive impact on the community. She serves as a board member of ExpandED Schools, a non-profit organization committed to bridging the learning gap by enhancing educational experiences for young individuals in New York City.

Eloner holds a Bachelor of Science degree in Petroleum Engineering from the University of Oklahoma and an MBA from Southern Methodist University (SMU). Her diverse academic background and extensive hands-on experience make her a versatile asset to any organization.

“It is with great pleasure that we extend our warmest welcome to Eloner Habtezghi as the newest member of the AdvEn Board of Directors,” announced Dr. Grzegorz Ombach, the Chairman of AdvEn’s Board. “Her extensive proficiency in M&A, capital markets, and energy operations harmonizes seamlessly with our company’s overarching objectives and core principles. We hold the strong conviction that her invaluable insights will play a pivotal role in molding our strategic resolutions and driving AdvEn towards continued and enhanced success.”

Eloner Habtezghi’s appointment to AdvEn’s Board of Directors marks an exciting new chapter for the company. Her exceptional accomplishments and dedication to excellence promise a brighter future ahead.

About Us

AdvEn Inc. (formerly Nano Innovations Inc.), through its wholly owned subsidiary AdvEn Industries Inc., develops and commercializes carbon-centric advanced technologies utilizing industrial waste: converting refinery residues into non-combustible products for energy storage and a clean environment. AdvEn’s 36,000 square foot manufacturing plant and research facility located in Nisku, Alberta, Canada produces up to 400 metric tons per year of advanced super activated carbon (“ASAC”) and is currently piloting the Company’s patented dry electrode super adhesive coatings (“ESAC”). ASAC products provide superior performance when compared to similar graphite products used in the super capacitor, battery, pharmaceutical and industrial filtration markets.

AdvEn, ASAC and ESAC are trademarks of AdvEn in Canada and the United States.

Forward-Looking Statements

This news release and other publicly available documents, including the documents incorporated herein and therein by reference, contain, and our officers and representatives may from time to time make, “forward-looking statements”. Forward-looking statements can be identified by words such as: “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will,” “positions,” and similar references to future periods. Examples of forward-looking statements include, among others, statements we make regarding:

• Guidance relating to proforma fiscal year net income and EBITDA which is a non-GAAP measurement.
• Expected operating results, such as revenue growth and earnings.
• Anticipated levels of capital expenditures for fiscal year 2023 – 2026.
• Expectations of the effect on our financial condition of claims, litigation, environmental costs, contingent liabilities and governmental and regulatory investigations and proceedings.
• Strategy for customer retention, growth, product development, market position, financial results and reserves.

Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements as are applicable to the Issuer.

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