Montana Technologies Corp. reports Q3 EPS 61c vs. (12c) last year

Ended the quarter with $30.7M of cash and cash equivalents with sufficient liquidity to support the Company’s operations through expected commercial sales in 2026 “We are seeing significant demand for AirJoule from customers for atmospheric water harvesting and industrial dehumidification applications, which is driving our near-term focus on these two markets,” said Matt Jore, CEO of AirJoule Technologies. “During the third quarter, we signed MOUs with TenX Investment, CIC, and Clairity Technology, and the AirJoule JV is also collaborating on AirJoule solutions with multiple Tier 1 food and beverage manufacturers. We expect AirJoule water production and energy efficiency to be superior to the current product offerings, and we are working towards delivering our first commercial-scale preproduction units in mid-2025.” Pat Eilers, Executive Chairman of AirJoule Technologies, added, “Our expanded presence in the Middle East with the opening of our UAE office will enable us to provide AirJoule(R) as an important tool to address water security in the region. We garnered strong interest in AirJoule(R) from potential customers during our live demonstration at the Water, Energy, Technology, and Environment Exhibition conference in Dubai, which reflects the market demand for innovative water technologies.”