From GlobeNewswire: 2025-05-12 16:50:00

AirJoule Technologies Corporation announced first quarter 2025 results, highlighting key milestones like a collaboration with GE Vernova and an agreement with Arizona State University. They deployed their first system in Dubai and expanded their manufacturing facility. They also completed a $15 million private placement financing, ending the quarter with $23 million in cash.

CEO Matt Jore stated that AirJoule® is gaining traction with stakeholders like GE Vernova and ASU, expanding internationally and enhancing manufacturing capabilities. The company is well-positioned with a strong balance sheet for commercialization. Their first preproduction systems for customer demonstrations are set for 2025.

AirJoule Technologies will host a conference call on May 13, 2025, to discuss their results. They caution that forward-looking statements are subject to risks and uncertainties. Their financial statements for the first quarter of 2025 show a net income of $14,878,658, with a strong cash position and $23 million in cash and cash equivalents.

For more information, visit AirJoule Technologies’ website or contact their Vice President of Investor Relations and Finance, Tom Divine, via email at [email protected].



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