Montana Technologies Corp. (NASDAQ: AIRJ) (“Montana”) today announced that it has appointed Mr. Kyle Derham, Partner at Rice Investment Group, to serve on its Board of Directors.
- Mr. Derham joins the following individuals on the Board:
- Pat Eilers, Founder and Managing Partner of Transition Equity Partners;
- Ajay Agrawal, Senior Vice President, Global Services, Business Development and Chief Strategy Officer at Carrier Global Corporation;
- Max Baucus, Former Ambassador to China and Six-Term United States Senator from the State of Montana;
- Paul Dabbar, Former Undersecretary of the Department of Energy for Science and Current Chief Executive Officer and Co-Founder of Bohr Quantum Technology;
- Matt Jore, Chief Executive Officer of Montana Technologies;
- Stu Porter, Founder, Chief Executive Officer and Chief Investment Officer of Denham Capital; and
- Dr. Marwa Zaatari, Founder and Chief Scientist of D-Zine Partners.
- In addition, Montana has named Mr. Eilers as Chairman of the Board.
Matt Jore, CEO and Director of Montana, said, “We are humbled and delighted to benefit from the confidence and support of such a diverse group of accomplished individuals on the Board. Their deep technical, business, and geopolitical expertise will provide valuable guidance and perspectives as we focus on deploying the AirJoule® technology on a global scale to provide low-cost comfort cooling and pure water from air, offering a potential solution to water scarcity around the world.”
Montana currently maintains an international partnership with BASF for the supply of its proprietary water harvesting materials, a 50/50 joint venture with GE Vernova to provide AirJoule® components and modules globally, a collaboration agreement with Carrier Global Corporation to utilize AirJoule® technology in HVAC applications, and a joint venture with CATL to provide a conduit to Asia and the Middle East. These partnerships provide an unprecedented opportunity for Montana to rapidly scale AirJoule® globally to respond to the increasing demand for pure water and air conditioning.
Pat Eilers, Chairman of the Board, said, “The addition of Kyle to such a talented and experienced group of people on the Montana Board is a remarkable testimonial to the important role that AirJoule® can play around the world.”
