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Montana Technologies to Combine With Power & Digital Infrastructure Acquisition II Corp. to Commercialize Its Transformational AirJoule Technology to Revolutionize and Accelerate Decarbonization of HVAC Systems and Water Supply

Montana Technologies to Combine With Power & Digital Infrastructure Acquisition II Corp. to Commercialize Its Transformational AirJoule Technology to Revolutionize and Accelerate Decarbonization of HVAC Systems and Water Supply

Montana Technologies將與電力與數字基礎設施收購公司II Corp. 合併,將其變革性的AirJoule技術商業化,以徹底改變和加速暖通空調系統和供水的脫碳
PR Newswire ·  2023/06/05 20:54
  • Montana Technologies' AirJoule technology sustainably meets challenges of comfort cooling and water supply, reduces energy consumption, eliminates harmful refrigerants, and creates cost savings
  • AirJoule, validated by the scientific community, enables the atmosphere to become an accessible renewable energy and water resource around the clock, on the majority of the earth's surface
  • Montana Technologies has world-class strategic partners, BASF and CATL, committed to the commercialization of AirJoule
  • Montana Technologies is primed to transform the heating, ventilation, and air conditioning (HVAC) industries by utilizing the latent energy in the atmosphere to provide energy efficient dehumidification and water harvesting
  • Montana Technologies' AirJoule systems are expected to be up to ten times more efficient than existing conventional vapor compression dehumidification systems and desiccant dehumidifiers
  • Implied pro forma enterprise value of $500 million, total addressable market opportunity of over $455 billion, and will be publicly listed on NASDAQ
  • Montana Technologies 的 AirJoule 技術可持續地應對了舒適製冷和供水方面的挑戰,降低了能耗,消除了有害的製冷劑,並節省了成本
  • 經科學界驗證的AirJoule使大氣層能夠在地球大部分表面全天候成爲可獲得的可再生能源和水資源
  • Montana Technologies擁有世界一流的戰略合作伙伴巴斯夫和寧德時代,致力於AirJoule的商業化
  • Montana Technologies準備利用大氣中的潛在能量來提供節能的除溼和水收集,從而改變供暖、通風和空調(HVAC)行業
  • Montana Technologies的AirJoule系統的效率預計將比現有的傳統蒸汽壓縮除溼系統和乾燥劑除溼機高出十倍
  • 隱含的企業預估價值爲 5 億美元,總潛在的市場機會超過 455 億美元,並將在納斯達克公開上市

CHICAGO, June 5, 2023 /PRNewswire/ -- Power & Digital Infrastructure Acquisition II Corp ("XPDB") (NASDAQ: XPDB) (NASDAQ: XPDBW) (NASDAQ: XPDBU) – a special purpose acquisition company, focused on the renewable and transition energy sectors, sponsored by professionals of XMS Capital Partners, LLC, and Transition Equity Partners, LLC – and Montana Technologies LLC ("the Company"), developer of AirJoule, a transformational renewable energy and cooling technology, today announced that they have entered into a business combination (the "Transaction") to commercialize Montana Technologies' unique solution to revolutionize the HVAC sector, reduce emissions, and solve water issues.

芝加哥2023年6月5日 /PRNewswire/ — 電力與數字基礎設施收購二公司(“XPDB”)(納斯達克股票代碼:XPDB)(納斯達克股票代碼:XPDBU)——一家專注於可再生和過渡能源領域的特殊目的收購公司,由XMS Capital Partners, LLC和Transition Equity Partners, LLC的專業人士贊助,以及變形金剛AirJoule的開發商Montana Technologies LLC(“公司”)國家可再生能源和冷卻技術今天宣佈,他們已進行業務合併(“交易”),將蒙大拿科技公司的商業化徹底改變暖通空調行業、減少排放和解決水問題的獨特解決方案。

The Company, which will operate under the name of Montana Technologies, has a goal of solving two of the world's most problematic issues, demand for energy-efficient HVAC and water stress, with its AirJoule technology. AirJoule enables the atmosphere to be an accessible renewable energy and water resource around the clock, providing clean drinking water at as low as half a cent per liter. It efficiently harvests water vapor from the air, providing pure water and air conditioning at a fraction of the current cost, while consuming as much as 75% less electricity than any other HVAC or water generating system.

該公司將以Montana Technologies的名義運營,其目標是利用其AirJoule技術解決世界上兩個最棘手的問題,即對節能暖通空調的需求和水資源緊張。AirJoule 使大氣成爲全天候可獲得的可再生能源和水資源,以每升低至半美分的價格提供清潔的飲用水。它可以高效地從空氣中收集水蒸氣,以當前成本的一小部分提供純淨水和空調,同時消耗的電量比任何其他 HVAC 或水生成系統減少多達 75%。

Montana Technologies is poised to begin commercializing its proven AirJoule prototypes through its strategic partnerships with BASF, the largest chemical producer in the world, and CATL, the world's largest lithium-ion electric vehicle battery manufacturer. These and other pipeline partnerships will enable Montana Technologies to scale rapidly to mass production, using a capital-efficient business model.

Montana Technologies準備通過與全球最大的化學品生產商巴斯夫和全球最大的鋰離子電動汽車電池製造商寧德時代的戰略合作伙伴關係,開始將其久經考驗的AirJoule原型車商業化。這些和其他管道合作伙伴關係將使Montana Technologies能夠使用資本效率高的商業模式快速擴展到批量生產。

Pat Eilers, CEO of XPDB, said: "We are extremely excited that Montana Technologies is entering the public markets as a leading developer of breakthrough dehumidification and cooling technology. We believe Montana Technologies' groundbreaking AirJoule technology, combined with its world-class partnerships, is well positioned to efficiently commercialize and quickly scale the business on a global basis, while also capitalizing on a total addressable market opportunity of over $455 billion for long-term value creation. Additionally, working alongside Matt Jore and his world-class team of scientists to deliver AirJoule's sustainable attributes to the world is aligned with XPDB's ethos."

帕特·艾勒斯,XPDB 首席執行官,他說:“Montana Technologies作爲突破性除溼和冷卻技術的領先開發商進入公開市場,我們感到非常興奮。我們相信,Montana Technologies的開創性AirJoule技術,加上其世界一流的合作伙伴關係,完全有能力在全球範圍內高效商業化並快速擴大業務規模,同時還可以利用總的潛在市場機會 455 億美元 用於長期價值創造。此外,並肩工作 馬特·喬爾 他的世界級科學家團隊向世界傳遞AirJoule的可持續特性,這與XPDB的精神是一致的。”

Matt Jore, CEO of Montana Technologies, said: "Today's announcement is a huge milestone in bringing our transformative technology, AirJoule, to market with this transaction. Our technology sits at the nexus between energy and water, two essential resources for human well-being, economic growth, and environmental sustainability. AirJoule – Energy and Water from Air – does what no other solution can today. It taps into the earth's atmosphere to harness its vast amounts of thermal energy and water, providing cost-effective and energy-reducing solutions to address global water scarcity and air conditioning demand at significantly lower cost."

馬特·喬爾,蒙大拿科技公司首席執行官,他說:“今天的宣佈是一個重要的里程碑,通過這項交易將我們的變革性技術AirJoule推向市場。我們的技術位於能源和水之間,這是人類福祉、經濟增長和環境可持續性的兩種基本資源。AirJoule — 來自空氣的能量和水 — 可以做當今其他解決方案無法做到的事情。它利用地球大氣層來利用其大量的熱能和水,提供具有成本效益和節能的解決方案,以低得多的成本解決全球水資源短缺和空調需求。”

Pete McGrail, CTO of Montana Technologies and Emeritus Fellow at Pacific Northwest National Laboratory, said: "I have been a scientist at Pacific Northwest Lab for 39 years and joined Montana Technologies in 2022. In this period of scientific discovery and innovation, I've had professional experiences like when AirJoule was proven, just a handful of times. Seeing the water pour out of the unit was extraordinarily gratifying and will one day be recognized, I believe, as a historical moment in scientific achievement."

皮特·麥格萊爾,蒙大拿科技公司首席技術官 西北太平洋國家實驗室名譽研究員說:“我在太平洋西北實驗室當科學家已有 39 年了,並於 2022 年加入蒙大拿科技公司。在這段科學發現和創新的時期,我有過像AirJoule被證明那樣的專業經歷,只有幾次。看到水從單位湧出來真是令人欣慰,我相信總有一天會被公認爲科學成就的歷史性時刻。”

Investment Highlights

投資亮點

  • Opportunity
    - Montana Technologies' breakthrough technology, AirJoule, helps solve two of the world's most problematic issues: demand for air conditioning, and water scarcity. AirJoule provides a unique solution to reducing emissions, revolutionizing the HVAC sector and solving water issues, with a total addressable market of over $455 billion. AirJoule enables the atmosphere to be an accessible renewable energy and water resource around the clock.
  • 機會
    -蒙大拿科技公司的突破性技術 AirJoule,有助於解決世界上兩個最棘手的問題:空調需求和水資源短缺。 AirJoule 爲減少排放提供了獨特的解決方案,徹底改變了排放 暖通空調 行業和解決水問題,總潛在市場超過 455 億美元AirJoule 使大氣成爲全天候可獲得的可再生能源和水資源。
  • Technology
  • AirJoule enables the atmosphere to be an accessible renewable energy resource in a range of applications:
    - AirJoule is estimated to cost less than half the upfront cost of conventional dehumidification systems, while using significantly lower electricity
    - A standard AirJoule unit is expected to harvest up to 360 liters of water per day at as low as a half cent per liter
    - The AirJoule system is designed to utilize up to 75% less electricity than current HVAC and water-generating systems
  • 科技
  • AirJoule 使大氣成爲一系列應用中可獲得的可再生能源:
    -AirJoule 的估計成本 不到前期成本的一半 使用傳統的除溼系統,同時消耗的電量要低得多
    -預計會有標準的 AirJoule 單位 最多可收穫 360 升 每天的水量低至每升半%
    -AirJoule 系統的設計目的是 用電量最多可減少 75% 比目前的暖通空調和發水系統

Transaction Highlights

交易亮點

  • Business combination of XPDB and Montana Technologies at pro forma enterprise value of $500 million
  • The Company intends to use the funds to execute its strategic global partnerships, scale production, expand its operational leadership team, and for general operating purposes
  • The Transaction is expected to close in the fourth quarter of 2023, subject to certain closing conditions
  • Following transaction close, Matt Jore is expected to remain in the role of Chief Executive Officer and lead the pro forma Company
  • XPDB 和 Montana Technologies 的業務合併預計企業價值爲 5 億美元
  • 公司打算將這筆資金用於執行其全球戰略合作伙伴關係、擴大產量、擴大其運營領導團隊以及用於一般運營目的
  • 該交易預計將於2023年第四季度完成,但須遵守某些成交條件
  • 交易完成後, 馬特·喬爾 預計將繼續擔任首席執行官並領導這家擬成立的公司

XPDB Extension

XPDB 擴展程序

In connection with XPDB's special meeting in lieu of an annual meeting of stockholders (the "Special Meeting") to seek stockholder approval to, among other things, extend the time by which XPDB has to consummate an initial business combination (the "Extension") from June 14, 2023 (the "Current Outside Date") to December 14, 2023 (such date, the "Extended Date"), XPDB or its sponsor, XPDI Sponsor II LLC, will deposit, beginning on June 15, 2023, and thereafter on the 10th of each month (or if such day is not a business day, on the business day immediately preceding such 10th day), additional funds into the trust account established in connection with XPDB's initial public offering (the "Trust Account") in an amount equal to the lesser of (i) $0.03 multiplied by the number of shares of XPDB Class A common stock then outstanding and not redeemed in connection with the Special Meeting and (ii) $300,000 (each such deposit, a "Contribution"). The maximum aggregate amount of all Contributions will not exceed $1,800,000. In connection with the Extension, XPDB anticipates that the per share price at which shares of Class A common stock will be redeemed from cash held in the Trust Account, net of interest released to XPDB to pay taxes (the "Redemption Payment Amount"), will be approximately $10.37 per share. The actual Redemption Payment Amount will be determined as of June 7, 2023. Interest on the Trust Account is currently yielding approximately 5% per annum.

關於XPDB代替年度股東大會的特別會議(“特別會議”),該會議旨在尋求股東批准,以延長XPDB完成初始業務合併(“延期”)的時間 2023年6月14日 (“當前外部日期”)至 2023年12月14日 (該日期爲 “延期日期”),XPDB 或其贊助商 XPDI Sponsor II LLC 將從以下日期開始存款 2023年6月15日,然後在 10 號上第四 每個月(或如果該日不是工作日,則在該第 10 天之前的工作日)向與XPDB首次公開募股相關的信託賬戶(“信託賬戶”)額外存入金額等於 (i) 中較低者的金額 0.03 美元 乘以當時已發行且未贖回的與特別會議有關的XPDB A類普通股的數量以及 (ii) 300,000 美元 (每筆此類存款均爲 “捐款”).所有捐款的最大總金額不會超過 1,800,000 美元。關於延期,XPDB預計,從信託賬戶中持有的現金中贖回A類普通股的每股價格約爲,扣除發放給XPDB用於納稅的利息(“贖回付款金額”) 10.37 美元 每股。實際的兌換付款金額將在以下日期確定 2023年6月7日。目前,信託賬戶的年利息約爲5%。

The Special Meeting will be held in person at 10:00 a.m., Central Time, on June 9, 2023, at the offices of Kirkland & Ellis LLP, located at 609 Main Street, Suite 4700, Houston, Texas 77002 and virtually via live webcast at XPDB encourages its stockholders to vote in favor of the Extension and each other proposal described in the definitive proxy statement relating to the Special Meeting.

特別會議將親自在以下地點舉行 中部時間上午 10:00,開啓 2023年6月9日,在位於大街 609 號 4700 套房的 Kirkland & Ellis LLP 的辦公室裏, 得克薩斯州休斯頓 77002以及通過XPDB的網絡直播鼓勵其股東對延期以及與特別會議有關的最終委託書中描述的每一項提案投贊成票。

XPDB's stockholders of record at the close of business on the record date, May 12, 2023, are entitled to vote the shares of common stock owned by them at the Special Meeting. Every stockholder's vote is very important, regardless of the number of shares held, and XPDB requests the prompt submission of votes. Stockholders may vote online at by following the instructions on their provided proxy card. If the shares are held in an account at a brokerage firm or bank, stockholders must instruct their respective broker or bank how to vote the shares, or the stockholders may cast their vote online by obtaining a proxy from the respective brokerage firm or bank.

XPDB在記錄日期營業結束時的登記股東, 2023年5月12日,有權在特別會議上對他們擁有的普通股進行表決。無論持有多少股票,每個股東的投票都非常重要,XPDB要求立即提交選票。股東可以在以下網址在線投票 按照他們提供的代理卡上的說明進行操作。如果股票存放在經紀公司或銀行的賬戶中,則股東必須指示各自的經紀商或銀行如何對股票進行投票,或者股東可以通過獲得相應經紀公司或銀行的代理進行在線投票。

Advisors

顧問

Barclays is serving as capital markets advisor to XPDB, and Kirkland & Ellis LLP is serving as legal counsel to XPDB. Latham & Watkins LLP is serving as legal counsel to Montana Technologies. Vinson & Elkins is serving as counsel to Barclays.

巴克萊銀行擔任XPDB的資本市場顧問,Kirkland & Ellis LLP擔任XPDB的法律顧問。Latham & Watkins LLP擔任蒙大拿科技公司的法律顧問。Vinson & Elkins擔任巴克萊銀行的法律顧問。

About Montana Technologies

關於蒙大拿科技

Montana Technologies is an atmospheric energy and water harvesting technology company that provides efficient and sustainable air conditioning and pure water from air through its transformational AirJoule technology. For more information, visit .

Montana Technologies是一家大氣能量和水收集技術公司,通過其變革性的AirJoule技術提供高效和可持續的空調和空氣中的純淨水。欲瞭解更多信息,請訪問。

About Power & Digital Infrastructure Acquisition II Corp

關於 電力與數字基礎設施收購 II 公司

Power & Digital Infrastructure Acquisition II Corp is a blank check company incorporated in Delaware for the purpose of effecting a merger, capital stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

電力與數字基礎設施收購 II Corp 是一家空白支票公司,註冊於 特拉華 用於與一家或多家企業進行合併、資本證券交換、資產收購、股份購買、重組或類似的業務合併。

For More Information
Press and Investors:
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[email protected]

欲瞭解更多信息
媒體和投資者:
FTI 諮詢
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SOURCE Montana Technologies

來源蒙大拿科技公司

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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