RONAN, Mont., Dec. 19, 2025 (GLOBE NEWSWIRE) -- AirJoule Technologies Corporation (NASDAQ: AIRJ) ("AirJoule Technologies" or "AIRJ"), a leading technology platform that unleashes the power of water from air, today announced a collaboration with the Red Dot Ranch Foundation (“Red Dot Ranch”) to bring cutting-edge off-grid water solutions to rural communities in coastal California. This positions the AirJoule™ platform technology to address critical water infrastructure gaps while demonstrating the commercial ...

Commercial framework positions the AirJoule™ platform technology to deliver pure distilled water using waste heat at unprecedented industrial scaleRONAN, Mont., Dec. 02, 2025 (GLOBE NEWSWIRE) -- AirJoule Technologies Corporation (NASDAQ: AIRJ) (“AirJoule Technologies” or “AIRJ”), today identified Nexus Data Centers (“Nexus”) as the AI hyperscale data center developer previously referenced in its June 2025 memorandum of understanding (“MOU”) press release and is now accelerating the first deployment of AirJo ...

Core Insights - United States Antimony Corporation (USAC) is a leading producer and processor of antimony, zeolite, and other critical minerals, and is the only fully integrated antimony company outside of China and Russia [1] Company Activities - The company provided an update on its Montana antimony mining activities, indicating that truck number 50 has successfully transported raw antimony ore from Stibnite Hill in Montana [1]

Financial Data and Key Metrics Changes - AirJoule Technologies reported a net loss of $4 million for Q3 2025, compared to a net income of $2.5 million in Q2 2025, primarily due to non-cash losses related to earn-out liabilities and vesting shares [27][28] - The company's net operating expenses for Q3 were $3 million, which included approximately $487,000 in reimbursed administrative and engineering expenses from the joint venture [26][27] - Cash on the balance sheet at the end of Q3 was approximately $26 million, with an additional $5 million contributed to the joint venture post-quarter [29][30] Business Line Data and Key Metrics Changes - The Hubbard, Texas deployment is operational 24/7, generating critical performance data that is essential for optimizing system design and validating performance [13][14] - AirJoule's water generation system is producing distilled water with zero dissolved solids, meeting EPA and FDA bottled water standards, which is a significant differentiator in the market [18] Market Data and Key Metrics Changes - The demand for AirJoule's solutions is driven by macro trends such as the explosive growth of AI and the associated water and energy needs of data centers [5][6] - The company is positioned to benefit from billions in domestic manufacturing investments due to initiatives like the CHIPS Act, which require substantial high-purity water and humidity control [8][9] Company Strategy and Development Direction - AirJoule aims to capitalize on the convergence of water scarcity and energy efficiency demands, positioning its technology as a solution for sustainable operations in various sectors, including data centers and manufacturing [10][11] - The company is focusing on productization and scaling manufacturing readiness to support commercial deployments in 2026 [22][25] Management's Comments on Operating Environment and Future Outlook - Management highlighted the increasing operational constraints faced by data centers due to water availability and quality, emphasizing the need for innovative solutions like AirJoule's technology [6][7] - The company is optimistic about its partnerships and the recognition received from industry leaders, which are expected to drive commercial adoption [15][12] Other Important Information - AirJoule was recognized as a winner of the Net Zero Innovation Hub for Data Centers technology competition, validating its technology as critical for sustainable operations [15] - The company is exploring water purchase agreements (WPAs) as a commercial strategy, allowing customers to pay for water on a volumetric basis rather than purchasing capital equipment [20][21] Q&A Session Summary Question: Clarification on data from Hubbard accelerating commercial adoption - Management explained that the operational data from the Hubbard system is catalyzing interest from hyperscalers looking to build operations in Texas, enhancing commercial discussions [33] Question: Progress on product integration with GE Vernova - The integration project with GE Vernova is ongoing, focusing on utilizing waste heat from gas turbines to enhance AirJoule's products [34][35] Question: Low R&D spend in Q3 - The low R&D spend was attributed to expenses being borne at the joint venture level and a reversal of previously accrued royalty expenses [37][38] Question: Runway for the AirJoule JV - The joint venture's spending for the full year is expected to be at the higher end of the previously provided range, with sufficient cash to support operations through commercialization into 2026 [39] Question: Customer interest in the WPA model - Interest in the WPA model is strong among customers lacking access to reliable municipal water, with many positive discussions ongoing [42][43] Question: Importance of water purity in commercial discussions - Water quality is crucial for various customers, with AirJoule's technology providing a significant advantage in delivering clean, distilled water [48][49] Question: Validation work with ASU's Dr. Westerhoff - The collaboration with ASU is expected to provide independent validation of AirJoule's performance and assist in commercial discussions [55][56] Question: Timing and scope of the Net Zero Innovation Project - The project will showcase AirJoule's technology in a testbed data center in Denmark, focusing on circularity and waste heat reuse [72]

Financial Data and Key Metrics Changes - AirJoule Technologies reported a net loss of $4 million for Q3 2025, compared to a net income of $2.5 million in Q2 2025, primarily due to non-cash losses related to earn-out liabilities and vesting shares [27][28] - The company's net operating expenses for Q3 were $3 million, which included approximately $487,000 in reimbursed expenses from a joint venture [26][27] - Cash on the balance sheet at the end of Q3 was approximately $26 million, with an additional $5 million contributed to the joint venture post-quarter [29][30] Business Line Data and Key Metrics Changes - The Hubbard, Texas deployment is operational 24/7, generating critical performance data that is essential for optimizing system design and validating performance [13][14] - AirJoule's water generation system is producing distilled quality water with zero dissolved solids, meeting EPA and FDA standards, which is a significant differentiator in the market [18][19] Market Data and Key Metrics Changes - The demand for AirJoule's solutions is driven by macro trends such as water scarcity and the increasing energy footprint of data centers, particularly in arid regions [5][9] - The company is positioned to benefit from regulatory changes mandating the phase-out of high global warming potential refrigerants, creating demand for alternative technologies [10][11] Company Strategy and Development Direction - AirJoule aims to capitalize on the convergence of water scarcity and energy efficiency demands, positioning its technology as a solution for industrial, commercial, and military applications [11][12] - The company is focusing on productization and scaling manufacturing readiness to support multiple customer deployments in 2026 [22][25] Management's Comments on Operating Environment and Future Outlook - Management highlighted the importance of water security as a fundamental constraint on AI infrastructure development, emphasizing the operational impacts on data centers [7][9] - The company is optimistic about its path to commercialization, with significant interest from diverse industries and partnerships with major players like GE Vernova and Carrier [12][19] Other Important Information - AirJoule was recognized as a winner of the Net Zero Innovation Hub for Data Centers technology competition, validating its technology for sustainable operations [8][15] - The company is exploring water purchase agreements (WPAs) as a commercial strategy, allowing customers to purchase water on a volumetric basis rather than capital equipment [20][21] Q&A Session Summary Question: Clarification on data from Hubbard accelerating commercial adoption - Management indicated that the operational data from Hubbard is catalyzing interest from hyperscalers looking to build in Texas, enhancing confidence in the technology's performance [33] Question: Progress on product integration with GE Vernova - The integration project with GE Vernova is ongoing, focusing on utilizing waste heat from gas turbines to enhance AirJoule's products [34][35] Question: Low R&D spend in Q3 - The low R&D spend was attributed to expenses being borne at the joint venture level and a reversal of previously accrued royalty expenses [37][38] Question: Runway for the AirJoule JV - The joint venture's spending for the full year is expected to be at the higher end of the $17 million-$18 million range, with sufficient cash to support operations through commercialization into 2026 [39] Question: Customer interest in the WPA model - Interest in the WPA model is strong among customers lacking access to reliable municipal water, with many discussions ongoing [42][66] Question: Water purity advantage in commercial discussions - Water quality is crucial for various customers, with AirJoule's technology providing distilled water that meets stringent standards, differentiating it from conventional systems [49][55] Question: Validation work with ASU's Dr. Westerhoff - The collaboration with ASU is expected to provide independent validation of AirJoule's performance and water quality, aiding commercial discussions [57][58] Question: Timing and scope of the Net Zero Innovation Project - The project will showcase AirJoule's technology in a testbed data center in Denmark, focusing on circularity and operational projects globally [72]

Financial Data and Key Metrics Changes - AirJoule Technologies reported a net loss of $4 million for Q3 2025, a significant decline from a net income of $2.5 million in Q2 2025, primarily due to non-cash losses related to earn-out liabilities [25][26] - The company's net operating expenses for Q3 were $3 million, which included $487,000 in reimbursed expenses from a joint venture [24][25] - Cash on the balance sheet at the end of Q3 was approximately $26 million, with an additional $5 million contributed to the joint venture post-quarter [26][27] Business Line Data and Key Metrics Changes - The Hubbard, Texas deployment is operational 24/7, generating critical performance data that is essential for optimizing system design and validating performance [11][12] - AirJoule's water generation system is producing distilled water with zero dissolved solids, meeting EPA and FDA standards, which is a key differentiator in the market [16][44] Market Data and Key Metrics Changes - The demand for AirJoule's technology is driven by the increasing water and energy needs of data centers, particularly in arid regions facing water scarcity [4][5] - The company is positioned to benefit from significant regulatory tailwinds as governments phase out high global warming potential refrigerants, creating demand for alternative technologies [8][9] Company Strategy and Development Direction - AirJoule aims to capitalize on macro trends in water scarcity and energy efficiency, positioning its technology as a solution for sustainable operations in data centers and manufacturing [4][6] - The company is focusing on productization and scaling manufacturing readiness to support commercial deployments in 2026, with a goal of maximizing water output and reducing system costs [19][21] Management's Comments on Operating Environment and Future Outlook - Management highlighted the critical role of water security in AI infrastructure development and the operational impacts of water scarcity on data centers [5][7] - The company is optimistic about its partnerships and collaborations, which are expected to drive commercial opportunities and validate its technology [10][12] Other Important Information - AirJoule was recognized as a winner of the Net Zero Innovation Hub for Data Centers technology competition, validating its technology for sustainable operations [12][6] - The company is exploring water purchase agreements (WPAs) as a commercial strategy, allowing customers to purchase water on a volumetric basis, which could create recurring revenue streams [18][40] Q&A Session Summary Question: Clarification on data from Hubbard accelerating commercial adoption - Management explained that the operational data from Hubbard is catalyzing interest from hyperscalers looking to build in Texas, enhancing confidence in the technology [30] Question: Progress on product integration with GE Vernova - The integration project with GE Vernova is ongoing, focusing on utilizing waste heat from gas turbines to enhance AirJoule's products [31] Question: Low R&D spend in Q3 - The low R&D spend was attributed to expenses being borne at the joint venture level and a reversal of previously accrued royalty expenses [33][34] Question: Runway for the AirJoule JV - Management confirmed that current cash is sufficient to support both corporate and joint venture expenses through commercialization into 2026 [35] Question: Customer interest in the WPA model - Interest in the WPA model is strong among customers lacking reliable water sources, with many discussions ongoing [38][61] Question: Importance of water purity in commercial discussions - Water quality is crucial for various industrial applications, and AirJoule's technology offers significant advantages in producing clean, distilled water [44][46] Question: Validation work with ASU's Dr. Westerhoff - The collaboration with ASU is expected to provide independent validation of AirJoule's performance and enhance commercial discussions [52][53]

TM AirJoule Technologies Corporation (Nasdaq: AIRJ) Q3 2025 Earnings Presentation November 14, 2025 https://airjouletech.com DISCLAIMERS Forward Looking Statements The information in this presentation includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this presentation, regarding AirJoule Technologi ...

Financial Performance - As of September 30, 2025, the company has not generated any revenue from its operations[176] - The company reported a net loss of $4.01 million for Q3 2025, compared to a net income of $35.02 million in Q3 2024, a difference of $39.03 million[180] - Net cash used in operating activities for the nine months ended September 30, 2025 was $4.0 million, a significant improvement compared to $21.6 million for the same period in 2024[206] - The company expects future operating losses and negative operating cash flows may increase due to additional costs related to technology development and market relationships[202] Expenses - General and administrative expenses for Q3 2025 were $2.96 million, up from $2.44 million in Q3 2024, reflecting a $0.52 million increase[181] - Research and development expenses for Q3 2025 were $(8,476), a decrease of $78,671 compared to $(87,147) in Q3 2024[180] - Research and development expenses for the nine months ended September 30, 2025 were $0.8 million, a decrease of $1.0 million compared to $1.8 million for the same period in 2024[185] - Sales and marketing expenses for the three months ended September 30, 2025 were $50,473, an increase of 113% compared to $23,639 for the same period in 2024[186] Capital and Financing - The company entered into an Equity Line Purchase Agreement allowing it to sell up to $30 million of newly issued shares over 36 months[174] - As of September 30, 2025, the company reported net proceeds of approximately $0.4 million from sales under the Equity Line Purchase Agreement[174] - Net cash provided by financing activities for the nine months ended September 30, 2025 was $14.8 million, primarily from the April 2025 PIPE Offering[209] Joint Ventures and Agreements - A joint venture agreement with CATL was established on October 27, 2021, forming CAMT, with both parties owning 50% of the shares and CAMT having exclusive rights to commercialize AirJoule technology in Europe and Asia[212] - As of September 29, 2023, Legacy Montana and CATL US agreed to contribute $6.0 million each to CAMT, totaling $12.0 million, with no funding or asset contributions made to date[213] - CAMT is managed by a four-member board, with specific voting rights and requirements for significant financial decisions, including unanimous votes for transactions exceeding $10.0 million[213] Market Potential - The total addressable market for the company's technology is estimated to be approximately $450 billion[170] - The company plans to manufacture AirJoule systems capable of producing over 250 liters of water per day by 2025 for customer demonstrations[169] Future Expectations - The company expects general and administrative expenses to increase in future periods due to business growth and public company status[181] - The company has a remaining commitment for capital contributions to the AirJoule JV of $82.3 million as of September 30, 2025[203] Other - The Company entered into a patent license agreement in October 2021, resulting in a reversal of $0.5 million in accrued royalties expense during Q3 2025 due to the elimination of minimum royalty amounts through 2029[211] - The Company is classified as an emerging growth company under the JOBS Act, allowing it to delay compliance with new accounting standards until certain conditions are met[218] - The Company will remain an emerging growth company until it meets specific revenue or securities thresholds, including total annual gross revenue of at least $1.235 billion[220]

Financial Performance - Net income for the nine months ended September 30, 2025, was $13.38 million, a significant decrease from $230.00 million in the same period of 2024[32]. - General and administrative expenses rose to $9.50 million for the nine months ended September 30, 2025, up from $6.46 million in 2024, representing an increase of approximately 47.5%[31]. - The company reported a loss from operations of $10.36 million for the nine months ended September 30, 2025, compared to a loss of $63.11 million in the same period of 2024[31]. - Cash, cash equivalents, and restricted cash decreased to $26.01 million at the end of September 2025, down from $30.69 million at the end of September 2024[32]. - The company incurred a change in fair value of Earnout Shares liability amounting to a loss of $17.38 million for the nine months ended September 30, 2025[32]. - Research and development expenses for the nine months ended September 30, 2025, were $781,066, a decrease from $1.81 million in 2024[31]. - The weighted average Class A common stock outstanding increased to 58,598,923 for the nine months ended September 30, 2025, compared to 45,981,155 in 2024[31]. - The company reported total liabilities of $86.38 million as of September 30, 2025, down from $117.74 million on December 31, 2024[30]. - The net cash used in operating activities for the nine months ended September 30, 2025, was $4.04 million, compared to $21.56 million in the same period of 2024[32]. - Total assets increased to $372.73 million as of September 30, 2025, compared to $369.85 million on December 31, 2024, reflecting a growth of approximately 0.5%[30]. Business Development - AirJoule Technologies reported a strong balance sheet with $26.0 million in cash, cash equivalents, and restricted cash, providing substantial financial flexibility for commercialization efforts[18]. - The company made a $2.75 million capital contribution to its joint venture with GE Vernova, which is crucial for productization and commercialization activities[17]. - AirJoule is advancing the productization of its A250 system for commercial-scale deployment, focusing on reliability and maximizing water productivity ahead of 2026[13]. - The company is engaged in commercial discussions for multi-unit AirJoule systems, utilizing a Water Purchase Agreement model to create recurring revenue streams[11][12]. - A field demonstration in Hubbard, TX, is generating data that validates AirJoule's performance and accelerates commercial adoption across industrial applications[3]. - AirJoule's partnership with the Net Zero Innovation Hub for Data Centers positions the company at the forefront of sustainable infrastructure for next-generation data centers[4]. - The collaboration with the U.S. Army Engineer Research and Development Center aims to validate AirJoule's technology for military applications, potentially informing procurement decisions by the Department of Defense[6][7]. - AirJoule's water production process incorporates three purification steps, yielding distilled water that meets EPA and FDA standards, providing a competitive advantage in the market[10]. - The company is expanding its manufacturing capabilities with a new facility in Newark, Delaware, to support productization and commercial-scale production[14]. - AirJoule expects to generate initial revenues across multiple pathways, including data centers, industrial, and defense applications, as customer discussions progress[19][20].

Core Insights - AirJoule Technologies is advancing its commercialization strategy for its AirJoule™ systems, focusing on addressing water scarcity and energy sustainability challenges in various sectors [2][22] - The company has established strategic partnerships with key players such as GE Vernova, Carrier, and the U.S. Army Engineer Research and Development Center, enhancing its market position [2][4][8] - AirJoule's technology leverages waste heat to produce distilled water, showcasing a circular economy approach that is gaining traction in industrial applications [3][11] Business Update - In Q3 2025, AirJoule achieved significant milestones, including scaling manufacturing readiness and testing capabilities, and advancing customer deployment initiatives [2][18] - The company is actively engaged in commercial discussions for multi-unit system deployments across various industries, including data centers and food and beverage manufacturing [12][20] - AirJoule's A250 system is being productized for industrial dehumidification and water generation, with a focus on reliability and cost-effectiveness [15][16] Strategic Partnerships - The partnership with the Net Zero Innovation Hub for Data Centers positions AirJoule at the forefront of sustainable infrastructure, with plans to showcase capabilities in 2026 [4] - A Cooperative Research and Development Agreement with the U.S. Army aims to integrate AirJoule's technology for military applications, potentially influencing procurement decisions [7][8] - A new collaboration with a U.S. defense contractor focuses on anti-corrosion applications, addressing a multibillion-dollar challenge for military installations [9][10] Financial Overview - AirJoule ended Q3 2025 with $26.0 million in cash, providing financial flexibility for its commercialization strategy [19] - The company reported a net loss of $4.0 million for Q3 2025, with total revenues expected to grow as commercial negotiations progress [33][36] - A $2.75 million capital contribution was made to the joint venture with GE Vernova, underscoring the importance of this partnership in accelerating market penetration [18] Market Positioning - AirJoule's technology addresses the urgent need for sustainable water solutions amid increasing water scarcity and industrial growth [2][22] - The company is positioned to capture significant market share as it transitions from an emerging technology to deployed solutions, with a growing customer pipeline [22] - The Water Purchase Agreement model is expected to enhance customer adoption by providing recurring revenue streams and reducing upfront costs [14][20]