Montana Technologies Q2 2024: No revenue reported; progress on AirJoule commercialization

AirJoule Technologies Corp.

Signed MOUs with TenX (UAE) and CIC (Australia) for AirJoule water production deployments.
Completed $12M private placement; ended Q2 with $35M cash, sufficient through 2026.
Began build-out of 30,000 sq ft facility in Newark, DE; initial manufacturing line expected mid-2025.
Expanded team: hired VP Business Development, VP Operations, VP Supply Chain, others.
Restated Q1 2024 financials due to equity method accounting change for GE Vernova JV.

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