The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: James West - Evercore Inc - Analyst
: So maybe to start off with, and I'll let maybe matters for you, but if Stephen and Tom I want to jump in here, can you talk about how Montana
Technologies started? And give us maybe the high-level pitch for the company.
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OCTOBER 16, 2024 / NTS, EVR.N - Montana Technologies Corp Virtual Fireside Chat Hosted by Evercore ISI
Question: James West - Evercore Inc - Analyst
: Interesting, okay. And then could you talk a bit about this transformational technology? Maybe help us understand how does it work and what are
the main use cases here?
Question: James West - Evercore Inc - Analyst
: Got it. And this distilled water is potable, right?
Question: James West - Evercore Inc - Analyst
: Well, let's -- so what are the use cases here for the AirJoule? And where do you see the most opportunity in the near term?
Question: James West - Evercore Inc - Analyst
: Right, okay. Well, maybe let's talk about the HVAC addressable market, the drivers there and your potential market share of this market with this
new tech.
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OCTOBER 16, 2024 / NTS, EVR.N - Montana Technologies Corp Virtual Fireside Chat Hosted by Evercore ISI
Question: James West - Evercore Inc - Analyst
: I was trying.
Question: James West - Evercore Inc - Analyst
: Right.
Question: James West - Evercore Inc - Analyst
: Right, okay, that's helpful, thanks Steve. And then I didn't mention this earlier, but for those of you listening on the line, please, if you have questions
for the guys, put them in the Q&A box. I'll make sure to get it over to Matt or Steve or Tom. I'm sure they're willing to answer anything about the
technologies.
So we know that data centers are becoming -- progressively become a major theme, right, in the global economy. Can you talk about water use
and data centers for cooling exercise, and I believe mostly, and how you can participate there?
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OCTOBER 16, 2024 / NTS, EVR.N - Montana Technologies Corp Virtual Fireside Chat Hosted by Evercore ISI
Question: James West - Evercore Inc - Analyst
: Yeah, okay. And I do want to get into that in just a second, but what are the potential challenges and opportunities in expanding the AirJoule
technology in our regions with high water stress projections, the ones that are out there by 2040 where we're going to see really damaging access
to water?
Question: James West - Evercore Inc - Analyst
: Right, okay. And then what is the path here to commercialization? When do you expect to have the final product ready? And then I guess on top
of that, and maybe more for Stephen, but how does that align with your current cash position?
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OCTOBER 16, 2024 / NTS, EVR.N - Montana Technologies Corp Virtual Fireside Chat Hosted by Evercore ISI
Question: James West - Evercore Inc - Analyst
: Got it. Okay, that makes a lot of sense. And then could you talk a little more about the competitive landscape of the industry and how you're
differentiating yourself from the competition? It seems like the modular approach. And not trying to be all things to everybody, but anything I'm
missing there?
Question: James West - Evercore Inc - Analyst
: Right, okay. And then, could you talk maybe a little bit more about some of the strategic partnerships and collaborations? Obviously, GE Vernova
was a big one for you here, but you also announced some MOUs recently with, I think, Clairity Technology and TenX Investment?
Question: James West - Evercore Inc - Analyst
: Right, got it. Okay. And then as we think about -- so we talked about the technology, the path to kind of commercialization. How do you see the
business model developing here for the company and simply with the AirJoule product?
Question: James West - Evercore Inc - Analyst
: Right, okay. Well guys, last question for me, and thanks again for your time today, but what should we think about as kind of the key milestones
and goals over the next 12, 24 months here?
Question: James West - Evercore Inc - Analyst
: Got it. Okay, well, look, Matt, Stephen, Tom, thanks for joining me today. Very interesting conversation, and very new technology. We'll be watching
and keeping an eye on you guys as you scale up and start to really take off here, but very exciting times. Congratulations, and we'll talk again soon.
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OCTOBER 16, 2024 / NTS, EVR.N - Montana Technologies Corp Virtual Fireside Chat Hosted by Evercore ISI
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