AirJoule (AIRJ) Q4 2025 Earnings Transcript

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DATE

Tuesday, March 31, 2026 astatine 5:30 a.m. ET

CALL PARTICIPANTS

• Chief Executive Officer — Matthew Jore

• Managing Director — Patrick C. Eilers

• Chief Commercialization Officer — Bryan Barton

• Chief Financial Officer — Sze-Yin Pang

• Operator

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Full Conference Call Transcript

Matthew Jore: Thanks, Tom. Good morning, everyone, and convey you for joining america for our afloat twelvemonth 2025 net call. This is an important telephone for AirJoule. 2025 was the twelvemonth we built the instauration for commercialization and 2026 is the twelvemonth we mean to person that instauration into a commercialized pipeline to revenue. Before I reappraisal our accomplishments and outline our program for the twelvemonth ahead, I privation to instrumentality a infinitesimal to speech astir thing that has go intolerable to ignore, the increasing urgency of h2o resilience. In Corpus Christi, Texas, location to 1 of the nation's largest petroleum ports, the main h2o reservoir has dropped beneath 10% capacity, its lowest level connected record.

The city's ain projections bespeak it could scope a h2o exigency wrong months, meaning proviso volition beryllium incapable to conscionable demand. The Governor of Texas has publically warned that the authorities whitethorn request to intervene. Industrial operations that nutrient pitchy substance for Texas airports and supports billions of dollars successful economical activity, faced the imaginable of curtailment owed to deficiency of water. The city's projected semipermanent solution is simply a desalination works that volition outgo implicit $1 cardinal and is years distant from producing immoderate water. Meanwhile, successful the Middle East, the unfortunate ongoing struggle has caused immense quality suffering. Our thoughts are with the radical and the communities affected there.

It has besides exposed the captious vulnerability for the much than 100 cardinal radical who beryllium connected desalination for their h2o supply. Desalination plants successful Bahrain person been damaged by subject strikes, facilities successful the UAE and Kuwait person been deed by rocket debris. As Bloomberg columnist, Javier Blas, precocious observed, h2o is present much strategically important than oil. These desal plants are centralized facilities that correspond azygous points of nonaccomplishment for full populations. These risks are real, and they are often underappreciated until they go urgent. They stem from the aforesaid structural problem, the world's h2o infrastructure is concentrated, brittle and progressively susceptible to disruption.

Whether the accent comes from drought, Industrial and colonisation maturation oregon geopolitical conflict, the effect is the same. Communities and industries are exposed to h2o proviso risks with precise constricted alternatives. AirJoule offers a fundamentally antithetic approach. Distributed h2o procreation from the ambiance that operates independently of pipelines, reservoirs and centralized desalination. AirJoule systems make h2o connected tract down the metre and astatine the constituent of need. They necessitate nary municipal h2o connection. These systems nutrient axenic distilled and potable h2o from ambient aerial utilizing discarded heat. We've proven this successful the field. Over the past year, AirJoule systems person operated successful Texas, Arizona, California and Dubai.