Core Insights - AirJoule Technologies Corporation reported its first quarter 2025 results, highlighting significant advancements in its AirJoule® water harvesting technology and collaborations with key stakeholders [1][2]. Group 1: Key Milestones - The company is gaining traction as industries seek sustainable water solutions, with plans to deliver preproduction systems for customer demonstrations in 2025 [2]. - Collaborations with GE Vernova and Arizona State University have been established to enhance the technology's capabilities and evaluate its performance in real-world conditions [5]. - The first AirJoule® system has been deployed in Dubai to demonstrate its capabilities to potential customers [5]. Group 2: Financial Overview - As of March 31, 2025, the company reported cash and cash equivalents of $23 million, down from $28 million at the end of 2024 [9][10]. - The total assets decreased slightly to $365.6 million from $369.9 million [10]. - The company incurred a net income of $14.9 million for the first quarter, compared to $181.6 million in the same period of the previous year [11][12]. Group 3: Balance Sheet and Liquidity - Current liabilities decreased to $1.7 million from $4 million, indicating improved liquidity management [10]. - The company completed a $15 million private placement financing to support the commercialization of its AirJoule® A1000™ systems [5]. - The strong cash position is expected to support operations through anticipated commercial sales in 2026 [5]. Group 4: Executive Commentary - The CEO emphasized the company's focus on meeting rising demand for energy-efficient water solutions and the importance of partnerships in achieving commercialization goals [2].

Core Viewpoint - AirJoule Technologies Corporation is set to report its first quarter 2025 results on May 12, 2025, with a conference call scheduled for May 13, 2025, to discuss the results [1]. Company Overview - AirJoule Technologies Corporation (NASDAQ: AIRJ) specializes in water harvesting technology and has developed the AirJoule® system, which produces pure distilled water from air [3]. - The AirJoule® system aims to reduce energy consumption and create material cost efficiencies [3]. - The commercialization of the AirJoule® system is being pursued through a joint venture with GE Vernova and in partnership with Carrier Global Corporation [3].

RONAN, Mont., April 08, 2025 (GLOBE NEWSWIRE) -- AirJoule Technologies Corporation (NASDAQ:AIRJ) ("AirJoule Technologies" or the "Company"), the developer of the transformational AirJoule® system for separating pure water from air, today announced an agreement with Arizona State University ("ASU"), which is widely recognized as an international leader in the field of atmospheric water harvesting research. Under the binding agreement, ASU will purchase one AirJoule® A250TM unit, a high-capacity system capabl ...