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., March 25, 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 that it will report its full year 2024 results after market close on Tuesday, March 25, 2025. Company management will host a conference call and Q&A session to discuss the results at 8:30 AM ET on Wednesday, March 26, 2025. To access the live audio webcast of the ...