Montana Technologies Signs Abu Dhabi Sustainable Finance Declaration and Attends WETEX in Dubai
Montana Technologies (NASDAQ: AIRJ) has signed the Abu Dhabi Sustainable Finance Declaration, joining over 135 members committed to fostering sustainable investments in the UAE. The company also attended the Water, Energy, Technology, and Environment Exhibition (WETEX) in Dubai, showcasing its AirJoule® technology.
At WETEX, Montana Technologies demonstrated a prototype AirJoule® unit, capable of producing pure distilled water from air. The exhibition allowed the company to engage with key players in the Gulf Cooperation Council and neighboring countries, exploring potential partnerships for deploying AirJoule® units to address various water security challenges.
The AirJoule® technology can harvest water directly from air and, when paired with vapor-compression refrigeration systems, can reduce power consumption for moisture removal by up to 50 percent. Montana Technologies previously announced a Memorandum of Understanding with TenX Investment and the establishment of its first international office in the UAE.
Montana Technologies (NASDAQ: AIRJ) ha firmato la Dichiarazione per la Finanza Sostenibile di Abu Dhabi, unendosi a oltre 135 membri impegnati a promuovere investimenti sostenibili negli Emirati Arabi Uniti. L'azienda ha anche partecipato alla Fiera dell'Acqua, dell'Energia, della Tecnologia e dell'Ambiente (WETEX) a Dubai, presentando la sua tecnologia AirJoule®.
Durante il WETEX, Montana Technologies ha dimostrato un prototipo dell'unità AirJoule®, in grado di produrre acqua distillata pura dall'aria. La fiera ha permesso all'azienda di interagire con attori chiave nel Consiglio di Cooperazione del Golfo e nei paesi limitrofi, esplorando possibili collaborazioni per l'implementazione delle unità AirJoule® per affrontare diverse sfide legate alla sicurezza idrica.
La tecnologia AirJoule® può raccogliere acqua direttamente dall'aria e, se combinata con sistemi di refrigerazione a compressione di vapore, può ridurre il consumo energetico per l'eliminazione dell'umidità fino al 50%. Montana Technologies aveva precedentemente annunciato un Memorandum di Intesa con TenX Investment e l'apertura del suo primo ufficio internazionale negli Emirati Arabi Uniti.
Montana Technologies (NASDAQ: AIRJ) ha firmado la Declaración de Finanzas Sostenibles de Abu Dhabi, uniéndose a más de 135 miembros comprometidos a fomentar inversiones sostenibles en los EAU. La empresa también asistió a la Exposición de Agua, Energía, Tecnología y Medio Ambiente (WETEX) en Dubái, mostrando su tecnología AirJoule®.
En WETEX, Montana Technologies demostró un prototipo de unidad AirJoule®, capaz de producir agua destilada pura del aire. La exposición permitió a la empresa interactuar con actores clave en el Consejo de Cooperación del Golfo y países vecinos, explorando asociaciones potenciales para implementar unidades AirJoule® que aborden diversos desafíos de seguridad hídrica.
La tecnología AirJoule® puede recolectar agua directamente del aire y, cuando se combina con sistemas de refrigeración por compresión de vapor, puede reducir el consumo de energía para la eliminación de la humedad hasta en un 50%. Montana Technologies había anunciado previamente un Memorando de Entendimiento con TenX Investment y el establecimiento de su primera oficina internacional en los EAU.
몬타나 테크놀로지스 (NASDAQ: AIRJ)는 아부다비 지속 가능 금융 선언에 서명하며, UAE에서 지속 가능한 투자를 촉진하기 위해 헌신하는 135개 이상의 멤버와 함께하게 되었습니다. 이 회사는 또한 두바이에서 열린 물, 에너지, 기술, 환경 전시회 (WETEX)에 참석하여 AirJoule® 기술을 선보였습니다.
WETEX에서 몬타나 테크놀로지스는 공기에서 순수한 증류수를 생산할 수 있는 AirJoule® 프로토타입 장치를 시연했습니다. 이 전시는 회사가 걸프 협력 회의 및 인근 국가의 주요 관계자와 소통하며 AirJoule® 장치를 배치하여 다양한 수자원 안전 문제를 해결할 수 있는 잠재적 파트너십을 탐색하는 기회를 제공했습니다.
AirJoule® 기술은 공기에서 직접 물을 수확할 수 있으며, 증기 압축 냉각 시스템과 결합될 경우 수분 제거를 위한 전력 소비를 최대 50%까지 줄일 수 있습니다. 몬타나 테크놀로지스는 이전에 TenX Investment와 양해각서를 발표하고 UAE에 첫 국제 사무소를 설립한 바 있습니다.
Montana Technologies (NASDAQ: AIRJ) a signé la Déclaration de Financement Durable d'Abu Dhabi, rejoignant ainsi plus de 135 membres engagés à favoriser des investissements durables aux Émirats Arabes Unis. L'entreprise a également assisté à l'Exposition de l'Eau, de l'Énergie, de la Technologie et de l'Environnement (WETEX) à Dubaï, présentant sa technologie AirJoule®.
Lors de WETEX, Montana Technologies a montré un prototype de l'unité AirJoule®, capable de produire de l'eau distillée pure à partir de l'air. L'exposition a permis à l'entreprise d'interagir avec des acteurs clés du Conseil de coopération du Golfe et des pays voisins, en explorant des partenariats potentiels pour déployer des unités AirJoule® afin de relever divers défis en matière de sécurité de l'eau.
La technologie AirJoule® peut récolter de l'eau directement de l'air et, lorsqu'elle est associée à des systèmes de réfrigération par compression de vapeur, peut réduire la consommation d'énergie pour l'élimination de l'humidité jusqu'à 50%. Montana Technologies avait précédemment annoncé un protocole d'accord avec TenX Investment et l'établissement de son premier bureau international aux Émirats Arabes Unis.
Montana Technologies (NASDAQ: AIRJ) hat die Abu Dhabi Sustainable Finance Declaration unterzeichnet und sich somit über 135 Mitgliedern angeschlossen, die sich für die Förderung nachhaltiger Investitionen in den VAE einsetzen. Das Unternehmen nahm auch an der Wasser-, Energie-, Technologie- und Umweltschau (WETEX) in Dubai teil, wo es seine AirJoule® Technologie präsentierte.
Auf der WETEX demonstrierte Montana Technologies einen Prototyp der AirJoule® Einheit, die in der Lage ist, reines destilliertes Wasser aus Luft zu gewinnen. Die Ausstellung ermöglichte es dem Unternehmen, sich mit wichtigen Akteuren im Golfkooperationsrat und in benachbarten Ländern auszutauschen und potenzielle Partnerschaften zur Implementierung von AirJoule® Einheiten zur Bewältigung verschiedener Herausforderungen im Bereich der Wassersicherheit zu erkunden.
Die AirJoule® Technologie kann Wasser direkt aus der Luft gewinnen, und wenn sie mit Verdampfungs-Kühlungssystemen kombiniert wird, kann der Stromverbrauch für die Entfeuchtung um bis zu 50 Prozent gesenkt werden. Montana Technologies kündigte zuvor ein Memorandum of Understanding mit TenX Investment an und gründete sein erstes internationales Büro in den VAE.
- Signed Abu Dhabi Sustainable Finance Declaration, aligning with UAE's sustainable development initiatives
- Showcased AirJoule® technology at WETEX, generating interest from potential partners
- AirJoule® technology can reduce power consumption for moisture removal by up to 50% when paired with air conditioning systems
- Established first international office in the UAE
- Signed Memorandum of Understanding with TenX Investment for UAE opportunities
- None.
Company joins over 135 members that have pledged to foster and integrate sustainable, green investments throughout the United Arab Emirates
RONAN, Mont., Oct. 10, 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 signed the Abu Dhabi Sustainable Finance Declaration, further establishing the Company’s commitment to sustainable development in line with the United Arab Emirates’ (“UAE”) Green Economy for Sustainable Development Initiative.
The Abu Dhabi Sustainable Finance Declaration is a membership-based initiative that was established by Abu Dhabi Global Market (“ADGM”) in 2019 under the sponsorship of the UAE Ministry of Climate Change and Environment, the Central Bank of the UAE, and the Securities and Commodities Authority, with more than 135 members collaborating to foster and integrate sustainable investments within the UAE and the wider region.
“Montana Technologies is proud to sign the Abu Dhabi Sustainable Finance Declaration, furthering our commitment to working with our partners in the UAE to address regional water security needs and strengthen energy efficiency through our cutting-edge technology. In this context, we look forward to deploying our AirJoule® technology with its best-in-class energetics in the UAE and around the world by leveraging ADGM’s sustainable finance resources as needed,” said Ramdas Rao, President, International of Montana Technologies and head of the company’s international office in the UAE.
Additionally, Montana Technologies attended the Water, Energy, Technology, and Environment Exhibition (“WETEX”) on October 1 – 3, 2024 in Dubai. The Company’s exhibition booth featured a prototype AirJoule® unit that demonstrated its capability of producing pure distilled water from air during the conference.
The exhibition enabled the Company to fast-track its engagement with several key players in the Gulf Cooperation Council and neighboring countries, including local regulators, government entities and leading global organizations. These potential partners expressed interest in the deployment of AirJoule® units to address off-grid water generation and other water security challenges across agriculture, rapidly urbanizing cities, humanitarian emergencies, pure water for green hydrogen electrolysis, Net-Zero water usage in manufacturing, and other end uses.
With its transformational water harvesting and dehumidification technology, AirJoule® can harvest water directly from the air to mitigate water scarcity. When paired with vapor-compression refrigeration systems for air conditioning, AirJoule® can also reduce power consumption for moisture removal by up to 50 percent.
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, as well as the establishment of its first international office in the UAE.
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
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2ba9c39e-112e-44d2-acda-32f0502fa9a8
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