Montana Technologies ( (AIRJ) ) has provided an update.
AirJoule Technologies, formerly Montana Technologies, has reported its third-quarter 2024 results with significant progress in commercializing its AirJoule® technology, which focuses on atmospheric water harvesting and industrial dehumidification. With agreements established in the UAE, Australia, and the US, the company is expanding its global reach, including opening a new office in the UAE. The company ended the quarter with $30.7 million in cash, aiming to launch its first commercial units by mid-2025, highlighting strong market demand for innovative water solutions.
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