Montana Technologies Establishes International Office in the United Arab Emirates
Montana Technologies (NASDAQ: AIRJ) has opened its first international office in the United Arab Emirates (UAE) to accelerate the deployment of its AirJoule® technology in the region. This move aims to meet the significant demand for advanced dehumidification and atmospheric water harvesting capabilities in the UAE, Gulf Cooperation Council countries, and India.
According to Ramdas Rao, President, International, the UAE office will help strategically calibrate the global rollout of AirJoule®. The technology is noted for its efficiency in delivering distributed water security and power-efficient comfort cooling, supporting responsible decarbonization and infrastructure growth in the region.
Montana Technologies previously signed a Memorandum of Understanding with TenX Investment in Energy Enterprises & Management Co. to address water security and energy efficiency in the UAE. The company will showcase AirJoule® at the WETEX conference in Dubai on October 1-3, demonstrating its capabilities in reducing power consumption for air conditioning by up to 75%.
Montana Technologies (NASDAQ: AIRJ) ha aperto il suo primo ufficio internazionale negli Emirati Arabi Uniti (UAE) per accelerare il dispiegamento della sua tecnologia AirJoule® nella regione. Questa mossa mira a soddisfare la significativa domanda di avanzate capacità di deumidificazione e raccolta atmosferica d'acqua negli UAE, nei paesi del Consiglio di Cooperazione del Golfo e in India.
Secondo Ramdas Rao, Presidente, Internazionale, l'ufficio degli UAE contribuirà a calibrare strategicamente il lancio globale di AirJoule®. La tecnologia è nota per la sua efficienza nel fornire sicurezza idrica distribuita e comfort di raffreddamento a basso consumo energetico, supportando una decarbonizzazione responsabile e la crescita delle infrastrutture nella regione.
Montana Technologies ha precedentemente firmato un Protocollo d'Intesa con TenX Investment in Energy Enterprises & Management Co. per affrontare la sicurezza dell'acqua e l'efficienza energetica negli UAE. L'azienda presenterà AirJoule® alla conferenza WETEX a Dubai dal 1 al 3 ottobre, dimostrando le sue capacità di ridurre il consumo energetico per il condizionamento dell'aria fino al 75%.
Montana Technologies (NASDAQ: AIRJ) ha abierto su primera oficina internacional en los Emiratos Árabes Unidos (UAE) para acelerar el despliegue de su tecnología AirJoule® en la región. Este movimiento tiene como objetivo satisfacer la significativa demanda de capacidades avanzadas de deshumidificación y recolección de agua atmosférica en los UAE, en los países del Consejo de Cooperación del Golfo y en India.
Según Ramdas Rao, Presidente, Internacional, la oficina de los UAE ayudará a calibrar estratégicamente el lanzamiento global de AirJoule®. La tecnología es reconocida por su eficiencia en proporcionar seguridad hídrica distribuida y refrigeración cómoda con bajo consumo de energía, apoyando la descarbonización responsable y el crecimiento de la infraestructura en la región.
Montana Technologies firmó previamente un Memorando de Entendimiento con TenX Investment in Energy Enterprises & Management Co. para abordar la seguridad hídrica y la eficiencia energética en los UAE. La empresa mostrará AirJoule® en la conferencia WETEX en Dubái del 1 al 3 de octubre, demostrando sus capacidades para reducir el consumo de energía en la climatización hasta un 75%.
몬타나 테크놀로지스 (NASDAQ: AIRJ)가 아랍에미리트(UAE)에 첫 번째 국제 사무소를 열어 이 지역에서 AirJoule® 기술의 배치를 가속화하고 있습니다. 이 조치는 UAE, 걸프협력회의(GCC) 국가 및 인도에서의 고급 제습 및 대기 수확 능력에 대한 상당한 수요를 충족하기 위한 것입니다.
람다스 라오 국제 회장에 따르면, UAE 사무소는 AirJoule®의 글로벌 배포를 전략적으로 조율하는 데 도움을 줄 것입니다. 이 기술은 분산된 물 보안과 에너지 효율적인 냉방을 제공하는 데 효율성이 높아 이 지역의 책임 있는 탈탄소화 및 인프라 성장에 기여하고 있습니다.
몬타나 테크놀로지스는 UAE의 물 보안 및 에너지 효율성을 다루기 위해 TenX Investment in Energy Enterprises & Management Co.와 양해각서를 체결했습니다. 이 회사는 10월 1일부터 3일까지 두바이에서 열리는 WETEX 컨퍼런스에서 AirJoule®를 선보이며 에어컨의 에너지 소비를 최대 75%까지 줄일 수 있는 가능성을 보여줄 것입니다.
Montana Technologies (NASDAQ: AIRJ) a ouvert son premier bureau international aux Émirats Arabes Unis (EAU) pour accélérer le déploiement de sa technologie AirJoule® dans la région. Ce mouvement vise à répondre à la demande significative de capacités avancées de déshumidification et de récolte d'eau atmosphérique dans les EAU, les pays du Conseil de Coopération du Golfe et en Inde.
Selon Ramdas Rao, Président, International, le bureau des EAU aidera à calibrer stratégiquement le déploiement mondial d'AirJoule®. La technologie est reconnue pour son efficacité à fournir une sécurité de l'eau distribuée et un refroidissement confortable à faible consommation d'énergie, soutenant une décarbonisation responsable et la croissance des infrastructures dans la région.
Montana Technologies a précédemment signé un protocole d'accord avec TenX Investment in Energy Enterprises & Management Co. pour aborder la sécurité de l'eau et l'efficacité énergétique dans les EAU. L'entreprise présentera AirJoule® lors de la conférence WETEX à Dubaï du 1er au 3 octobre, démontrant ses capacités à réduire la consommation d'énergie pour la climatisation jusqu'à 75%.
Montana Technologies (NASDAQ: AIRJ) hat sein erstes internationales Büro in den Vereinigten Arabischen Emiraten (VAE) eröffnet, um die Einführung seiner AirJoule®-Technologie in der Region zu beschleunigen. Dieser Schritt zielt darauf ab, die erhebliche Nachfrage nach fortschrittlichen Entfeuchtungs- und atmosphärischen Wassergewinnungskapazitäten in den VAE, den Ländern des Golfkooperationsrates und Indien zu decken.
Laut Ramdas Rao, Präsident, International, wird das Büro in den VAE dazu beitragen, den globalen Rollout von AirJoule® strategisch zu kalibrieren. Die Technologie zeichnet sich durch ihre Effizienz aus, wenn es darum geht, verteilte Wassersicherheit und energieeffiziente Kühlung bereitzustellen, und unterstützt die verantwortungsvolle Dekarbonisierung und das Wachstum der Infrastruktur in der Region.
Montana Technologies hat zuvor ein Memorandum of Understanding mit TenX Investment in Energy Enterprises & Management Co. unterzeichnet, um die Wassersicherheit und Energieeffizienz in den VAE anzugehen. Das Unternehmen wird AirJoule® auf der WETEX-Konferenz in Dubai vom 1. bis 3. Oktober präsentieren und damit die Möglichkeiten demonstrieren, den Energieverbrauch für Klimaanlagen um bis zu 75% zu reduzieren.
- Establishment of the first international office in the UAE.
- Strategic alignment with UAE's Vision 2030 for water security.
- Potential to reduce power consumption for air conditioning by up to 75%.
- None.
Insights
The establishment of Montana Technologies' first international office in the UAE marks a significant strategic move for the company. This expansion aligns well with the region's focus on water security and sustainable development, as outlined in UAE's Vision 2030. The company's AirJoule® technology, which offers advanced dehumidification and atmospheric water harvesting capabilities, could potentially address critical water scarcity issues in the Gulf region and India.
The timing of this expansion, coupled with the company's participation in the WETEX conference, suggests a well-planned market entry strategy. By showcasing their technology at this high-profile event, Montana Technologies is positioning itself to capture attention from key industry players and potential customers in the region.
However, investors should note that while this move opens up new market opportunities, it also comes with challenges such as adapting to local business practices, navigating regulatory environments and competing with established local players. The success of this expansion will largely depend on the company's ability to effectively demonstrate the superiority of its technology and secure meaningful partnerships and contracts in the region.
Montana Technologies' AirJoule® technology represents a potentially game-changing solution for water scarcity and energy efficiency in cooling systems. The ability to harvest water directly from air could be particularly valuable in arid regions like the UAE, where traditional water sources are Moreover, the claimed
The technology's dual capability of water harvesting and energy-efficient cooling aligns well with global sustainability trends and could position Montana Technologies as a leader in green technology solutions. However, the real-world performance and scalability of the AirJoule® system in the challenging climate conditions of the UAE will be important for its success.
Investors should closely monitor the outcomes of initial deployments and any independent verification of the technology's efficiency claims. If the AirJoule® system can deliver on its promises, it could potentially disrupt the water and cooling markets in arid regions, offering substantial growth opportunities for Montana Technologies.
Company to showcase transformational AirJoule® technology at the Water, Energy, Technology, and Environment Exhibition (WETEX) in Dubai
RONAN, Mont., Sept. 25, 2024 (GLOBE NEWSWIRE) -- Montana Technologies Corporation (NASDAQ: AIRJ) (“Montana Technologies” or the “Company”), the developer of the transformational AirJoule® technology for atmospheric water generation, today announced that it has established its first international office in the United Arab Emirates (“UAE”) to accelerate the deployment of AirJoule® in the region.
“Establishing an office in the UAE will help us to efficiently address the significant demand for AirJoule®’s advanced dehumidification and atmospheric water harvesting capabilities from potential customers in the fast-growing markets of the UAE, the Gulf Cooperation Council countries, and India. Our UAE presence also bolsters the Company’s efforts to strategically calibrate the rollout of our transformative technology globally,” said Ramdas Rao, President, International of Montana Technologies who heads this new office.
“AirJoule®’s market-leading efficiency when delivering distributed water security and power-efficient comfort cooling is our key differentiator and has the potential to support responsible decarbonization while supporting this region’s rapid development trajectory and critical infrastructure growth. The UAE government leadership is very proactive in attracting and supporting the growth of cutting-edge technologies that enable sustainable development. We look forward to working closely with our local and strategic partners and using the UAE as a hub to fine-tune our international go-to-market strategies, thereby further catalyzing sustainable development for communities here and around the world,” Mr. Rao added.
Montana Technologies previously announced the signing of a Memorandum of Understanding with TenX Investment in Energy Enterprises & Management Co. LLC to address water security and energy efficiency opportunities in the UAE.
Pat Eilers, Executive Chairman of Montana Technologies, said, “UAE’s Vision 2030 places a strong emphasis on water security as one of the critical aspects of its sustainable development goals. The deployment of AirJoule®’s industry-leading capabilities for water harvesting is expected to meaningfully contribute to efforts by the UAE government and corporations to strengthen water security. We are excited to be expanding our presence in the country and bolstering our global reach with the establishment of our international office.”
In conjunction with establishing its international office, Montana Technologies will showcase AirJoule® at the WETEX conference in Dubai on October 1-3. Organized by the Dubai Electricity and Water Authority, WETEX provides a platform to display technological advancements in energy, water and natural resources in support of Dubai’s vision to build a sustainable future. The Company encourages WETEX attendees to visit its exhibition booth (Booth #7-F2) to see a demonstration AirJoule® unit and to meet the Company’s senior executives.
As the most advanced dehumidification and water harvesting technology in the market, AirJoule® can harvest water directly from the air to mitigate water scarcity. AirJoule® can also be paired with vapor compression refrigeration systems to reduce power consumption for air conditioning by up to
About Montana Technologies Corporation
Montana Technologies Corporation (NASDAQ: AIRJ) is the developer of AirJoule®, an atmospheric thermal energy and water harvesting technology that provides efficient and sustainable air dehumidification and pure water from air. Designed to reduce energy consumption and generate material cost efficiencies, AirJoule® is being commercialized through a joint venture with GE Vernova and through partnerships with Carrier Global Corporation and BASF. For more information, visit www.mt.energy.
Forward-Looking Statements
The information in this press release 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 press release are forward-looking statements. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company assumes no obligation and, except as required by law, does not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.
Contacts
Montana Technologies Corporation
Tom Divine – Vice President, Investor Relations and Finance
investors@mt.energy
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