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Montana Technologies Announces Memorandum of Understanding with Clairity Technology to Deploy AirJoule® in Support of Direct Air Capture Carbon Dioxide Removal Projects

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Montana Technologies Announces Memorandum of Understanding with Clairity Technology to Deploy AirJoule® in Support of Direct Air Capture Carbon Dioxide Removal Projects


Montana Technologies Corporation

Montana Technologies Corporation

RONAN, Mont., Sept. 04, 2024 (GLOBE NEWSWIRE) — Montana Technologies Corporation (NASDAQ: AIRJ) (“Montana Technologies” or the “Company”), the developer of the transformational AirJoule® technology for atmospheric water generation, is pleased to announce the signing of a Memorandum of Understanding (“MOU”) with Clairity Technology (“Clairity”) to deploy AirJoule® units in support of Clairity’s direct air capture (“DAC”) carbon dioxide removal operations.

Montana Technologies and Clairity agreed to explore ways that AirJoule® can enhance the performance of Clairity’s DAC reactor. The proprietary process developed by Clairity captures carbon dioxide (“CO2”) molecules in the air, while AirJoule®’s advanced dehumidification technology can be used to regulate humidity and ensure optimal operations of the DAC reactors across a wide range of operating conditions.

“I am delighted to embark on this project with the Clairity team,” said Matt Jore, CEO of Montana Technologies. “The deployment of AirJoule® to manage humidity in a carbon dioxide removal process demonstrates yet another innovative application of our transformational technology for water harvesting.”

Bryan Barton, Chief Commercialization Officer of Montana Technologies, added, “Clairity’s vision of advancing cost-effective carbon dioxide removal through direct air capture aligns with our strategy of deploying AirJoule® in support of projects that can have a meaningful impact on mitigating climate change.”

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Clairity’s innovative DAC process, which utilizes an alkali carbonate sorbent coated on a ceramic honeycomb substrate to captures CO2 molecules in the air, produces a mixed stream of CO2 and air. Clairity expects this process to require far less upfront capital than conventional DAC systems while still removing significant amounts of CO2 from the atmosphere. The CO2 stream can be sequestered into concrete, injected underground, turned into rocks, or utilized in products such as sustainable aviation fuel.

In February 2024, Clairity announced a $6.75 million seed round led by Lowercarbon Capital and Initialized Capital, which it has used to develop its first commercial pilot project. Clairity expects to deploy its first reactor capable of removing 100 metric tons of CO2 per year by the end of 2024 in the southwestern United States, with additional reactor modules deployed in 2025 to increase the CO2 removal capacity to 2,500 metric tons per year.

Glen Meyerowitz, Founder and CEO of Clairity, said, “Our groundbreaking approach to direct air capture of CO2 has the potential to advance this critical tool for addressing climate change by making it more cost effective to deploy at scale. With Montana Technologies’ participation in this endeavor through the deployment of AirJoule® alongside our reactors, we are leading the charge towards a more sustainable future.”

About Montana Technologies Corporation

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Montana Technologies Corporation (NASDAQ: AIRJ) is the developer of AirJoule®, an atmospheric thermal energy and 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 www.mt.energy.

About Clairity Technology

Clairity Technology is a leading developer of novel technology for carbon dioxide removal of atmospheric CO2. Clairity’s process leverages readily available sorbents and simple process design to create systems that are low-cost and inherently scalable. This technology has been validated at the pilot scale and will be commercialized and scaled to enable the removal and durable storage of millions of tons of CO2 from the atmosphere. For more information, visit www.clairitytech.com.

Forward-Looking Statements

The information in this press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release are forward-looking statements. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company assumes no obligation and, except as required by law, does not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

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Contacts

Montana Technologies Corporation
Tom Divine – Vice President, Investor Relations and Finance
investors@mt.energy

Clairity Technology
Glen Meyerowitz – Founder and CEO
media@clairitytech.com



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University of Montana president job draws high interest • Daily Montanan

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University of Montana president job draws high interest • Daily Montanan


The search for a new University of Montana president has drawn more than 60 applicants, according to a spokesperson for the Office of the Commissioner of Higher Education.

“We do not have an exact count at this time, as several applications are still being completed and additional submissions are expected,” said spokesperson and Deputy Commissioner Galen Hollenbaugh in an email earlier this week.

In January, then-UM-President Seth Bodnar announced his resignation to pursue other public service. Wednesday, the final day of filing, he announced he was running as an independent for the U.S. Senate to try to unseat Republican incumbent Steve Daines.

Commissioner of Higher Education Clayton Christian earlier said that with the advice of AGB Search, a firm that’s helped the Montana University System conduct other executive searches, he would undertake an expedited process to appoint a new president.

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Christian has been providing brief updates on a website dedicated to the search. Last week, he said he and AGB Search are reviewing applications, and the pool of candidates was “strong and diverse.”

The commissioner also announced he was convening a small working group to assist in the search, members who “represent a variety of perspectives to assist in vetting and narrowing this field of exceptional candidates.”

In an email this week, Hollenbaugh identified the members of the working group who are assisting Christian with application review as:

  • Community member and former Regent Joyce Dombrouski
  • Faculty Senate Chairperson Valerie Moody
  • Staff Senate President Dominic Beccari
  • Administration Representative John DeBoer (Vice President of Academic Affairs)
  • ASUM (Associated Students of the University of Montana) President Buddy Wilson

Hollenbaugh declined to comment on the way the rest of the process would unfold or the role the working group members would play.

Christian earlier said he anticipated an appointment within one to three months, or as soon as early this month.

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Montana Supreme Court allows ballot measure on initiative process to move forward

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Montana Supreme Court allows ballot measure on initiative process to move forward


HELENA — The Montana Supreme Court has ruled in favor of a proposed ballot measure intended to simplify the process for introducing ballot measures in the future.

Justices ruled 5-2 that the measure, currently called Ballot Issue #8, did not violate state requirements that a single constitutional amendment can’t make multiple separate changes to the Montana Constitution.

“We’re very grateful to the Montana Supreme Court for agreeing with us that the attorney general’s finding of legal insufficiency for Ballot Issue #8 was incorrect,” said SK Rossi, a spokesperson for Montanans Decide, the group sponsoring the measure.

Montanans Decide argues the Montana Legislature has passed laws making it harder for the public to propose and pass ballot issues. The Montana Constitution already guarantees the people the right to pass laws and amendments through ballot measures, but Ballot Issue #8 would expand that to include a right to “impartial, predictable, transparent, and expeditious processes” for proposing those measures. It would seek to prevent “interference from the government or the use of government resources to support or oppose the ballot issue.”

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Attorney General Austin Knudsen’s office argued the measure “implicitly amended” multiple provisions in the state constitution, including by limiting the “power and authority of public officials to speak officially on ballot issues that affect those officials’ public duties” and by putting restrictions on judges and on the Legislature. Montanans Decide, the group sponsoring Ballot Issue #8, disagreed – and the majority of justices sided with them.

“Its provisions operate together to define and protect a single constitutional right—the people’s exercise of initiative and referendum,” wrote Justice Katherine Bidegaray in the majority opinion. “They are closely related components of one constitutional design.”

Bidegaray’s majority opinion was joined by Justices Jim Shea, Laurie McKinnon, Beth Baker and Ingrid Gustafson.

Chief Justice Cory Swanson and Justice Jim Rice each wrote dissenting opinions, saying they would have upheld Knudsen’s decision to disallow Ballot Issue #8. Rice said the language restricting government interference with a ballot issue was not closely related and should have been a separate vote. Swanson agreed with Rice and said the measure’s attempt to fix a timeline for legal cases surrounding ballot measures was also a separate substantial change.

In a statement, Chase Scheuer, a spokesperson for Knudsen’s office, reacted to the decision.

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“This decision only further muddies the courts’ jurisprudence on ballot issue questions,” he said. “This initiative would violate the separate vote requirement by amending multiple parts of the Montana Constitution, but the court contradicted its prior rulings. Attorney General Knudsen will continue to neutrally apply the separate vote requirement in his review of ballot initiatives.”

The court’s decision means that Knudsen’s office will now need to approve ballot language for Ballot Issue #8. Once that language is finalized, Montanans Decide could begin gathering signatures to qualify the measure for the November ballot.

However, last year, sponsors of another initiative went to the Supreme Court to argue that the ballot statements Knudsen prepared were misleading. If Montanans Decide object to their ballot statements, that could further delay signature gathering while the case plays out in court.

“Regardless, we’re going to push as hard as we can to get those petitions into the hands of voters and let them sign and support if they so choose,” said Rossi.

Rossi said the legal battle this measure has gone through – and the possibility of more to come – shows why Ballot Issue #8 is needed.

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“The state Legislature, and also statewide elected officials, have taken every opportunity to create burdens and hurdles and rigamarole for campaigns to get through in order to just get to the signature gathering phase, and then to get through the signature gathering phase onto the ballot, and then get through the election phase,” said Rossi. “The reason we filed this initiative is just to make sure that the process is simple, that the timeline is clear, and that Montanans can have their will heard when they want to propose and pass laws that they deem worthy.”





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Christi Jacobsen enters race for Western House seat

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Christi Jacobsen enters race for Western House seat


Montana Secretary of State Christi Jacobsen is running for Montana’s Western Congressional District seat, entering the race a day after U.S. Rep. Ryan Zinke announced he would not seek reelection.

Jacobsen’s announcement sets up a new contest for the open seat after Zinke, a Republican, said he would seek reelection.

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“As your Secretary of State, I’ve stood up to Washington overreach, defended election integrity, and delivered real results for Montanans. In 2020, voters gave me a mandate to clean up our elections, grow Montana business, and push back against radical liberal special interests. I delivered. Now it’s time to take that same results-driven, America First leadership to Congress.”



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