11:09 AM EDT, 08/15/2024 (MT Newswires) -- Montana Technologies ( AIRJ ) said Thursday it signed a memorandum of understanding with Dubai-based TenX Investment to deploy Montana's AirJoule atmospheric water-generation technology in the United Arab Emirates.

Initial AirJoule installations will support community water needs and critical infrastructure in the UAE, Montana Technologies ( AIRJ ) said. AirJoule units produce distilled water from air while saving energy that would normally be used for air conditioning, the company said.

Financial terms and additional details of the prospective partnership will be subject to signing a definite agreement.

Price: 9.17, Change: -0.08, Percent Change: -0.86