Montana Technologies Announces Name Change to AirJoule Technologies
Rhea-AI Summary
Montana Technologies (NASDAQ: AIRJ) has changed its corporate name to AirJoule Technologies , effective immediately. The company's stock and warrants will continue trading under symbols 'AIRJ' and 'AIRJW' on the Nasdaq Capital Market. This rebranding better reflects their position as developers of AirJoule®, their advanced dehumidification and water harvesting technology. The name change aligns with their 50/50 joint venture with GE Vernova, called AirJoule, , which focuses on commercializing atmospheric water harvesting products.
Positive
- Strategic 50/50 joint venture partnership with GE Vernova
- Maintains Nasdaq Capital Market listing
Negative
- None.
News Market Reaction
On the day this news was published, AIRJ gained 2.46%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
RONAN, Mont., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Montana Technologies Corporation (NASDAQ: AIRJ), the developer of the transformational AirJoule® technology for atmospheric water harvesting, today announced that it has changed its corporate name to AirJoule Technologies Corporation (“AirJoule Technologies” or the “Company”), effective immediately. The Company’s common stock and warrants will continue to trade on the Nasdaq Capital Market under the ticker symbols “AIRJ” and “AIRJW”, respectively; no action is required by existing stockholders.
The AirJoule Technologies name better reflects the Company’s position as the developer of AirJoule® – the most advanced dehumidification and water harvesting technology in the market. The change also aligns the corporate name with AirJoule, LLC, the Company’s 50/50 joint venture with GE Vernova to advance and commercialize atmospheric water harvesting products featuring AirJoule® technology.
“While we’ll always have roots in Montana, our new name provides greater alignment between our brand and the AirJoule® technology driving our vision of addressing the world’s most urgent water needs,” said Matt Jore, CEO of AirJoule Technologies. “The development and deployment of AirJoule®, and the immense value of our strategic partnerships, is core to our company identity. We believe this change will enhance the Company’s visibility and create a stronger connection with customers, partners, and investors who share our vision for a water-resilient future.”
The new corporate name will begin appearing immediately in communications and on the Company’s new corporate website at https://airjouletech.com.
About AirJoule Technologies Corporation
AirJoule Technologies Corporation (NASDAQ: AIRJ) (formerly Montana Technologies Corporation) is the developer of AirJoule®, an atmospheric 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 https://airjouletech.com.
Contacts
AirJoule Technologies
Tom Divine – Vice President, Investor Relations and Finance
investors@airjouletech.com (note new email address)
FAQ
Why did Montana Technologies (AIRJ) change its name to AirJoule Technologies?
Will Montana Technologies' stock symbol AIRJ change after the name change?
What is AirJoule Technologies' (AIRJ) joint venture with GE Vernova?
