Company Overview - AirJoule Technologies focuses on harnessing low-grade waste heat to produce distilled water and dehumidified air, addressing water scarcity and improving energy efficiency[12] - The company's AirJoule system separates water from air with greater energetics than competitors[13] - Target industries include data centers, manufacturing, and the military[15] Q1 2025 Highlights - GE Vernova is collaborating with AirJoule on waste heat to water integration[16] - A $15 million private placement was completed to accelerate commercialization[17, 20] - Arizona State University will purchase an AirJoule system for third-party testing[17] - The company deployed its first showcase unit to Dubai in collaboration with the UAE government and TenX Investments[19] Financial Performance - Net operating expenses were $32 million in Q1 2025, including a $05 million expense reduction from the AirJoule JV[28] - The company reported a net loss of $149 million in Q1 2025[24] - The company ended Q1 2025 with $230 million in cash[24, 28] - Pro forma ending cash balance, including the April 2025 PIPE investment, is $380 million[24]