SerpApi.Org
AirJoule Technologies (AIRJ) up 16.7% pre-market Wednesday after saying it signed a deal to deploy its "breakthrough" water-from-air technology for residents in Texas and California.
Through the collaboration, Japanese water infrastructure company Kubota will evaluate AirJoule's (AIRJ) atmospheric water generation technology as a part of a decentralized water circulation infrastructure that can produce, treat, and reuse water within local communities, particularly for residential areas in the U.S. facing water scarcity or water quality constraints, the companies said.
The two companies also signed an exclusive sales agreement, where Kubota will sell and distribute AirJoule (AIRJ) systems for multi-unit residential developments in the initial territories of Texas and California, and the parties may consider broader commercial collaboration based on the results of the initial deployments.
Kubota has purchased two AirJoule Core (AIRJ) systems for deployments in Corpus Christi, Texas, and Irvine, California, starting in Q3, and will pair AirJoule's atmospheric water generation technology with Kubota's water infrastructure expertise, including wastewater treatment, water reclamation, pipe systems, and operation and maintenance capabilities.
