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' 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技术可持续地应对了舒适冷却和供水的挑战,降低了能耗,消除了有害的制冷剂,并节省了成本
- 经科学界验证的AirJoule使大气层能够在地球的大部分表面全天候成为一种可获得的可再生能源和水资源
- 蒙大拿科技拥有世界一流的战略合作伙伴巴斯夫和宁德时代,致力于AirJoule的商业化
- Montana Technologies已准备好利用大气中的潜在能量来提供节能的除湿和集水,从而实现供暖、通风和空调(HVAC)行业的转型
- Montana Technologies的AirJoule系统的效率预计将比现有的传统蒸汽压缩除湿系统和干燥剂除湿机高十倍
- 预计企业价值为5亿美元,潜在市场机会总额超过4550亿美元,并将在纳斯达克公开上市
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/ — 电力和数字基础设施收购二公司(“XPDB”)(纳斯达克股票代码:XPDB)(纳斯达克股票代码:XPDBU)(纳斯达克股票代码:XPDBU)——一家专注于可再生和过渡能源领域的特殊目的收购公司,由XMS Capital Partners, LLC和Transition Equity Partners, LLC以及开发商蒙大拿科技有限责任公司(“公司”)的专业人员赞助,专注于可再生能源和过渡能源领域变革性的可再生能源和冷却技术AirJoule今天宣布,他们已进行业务合并(“交易”)以实现商业化Montana Technologies的独特解决方案可彻底改变暖通空调行业,减少排放并解决水问题。
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.
该公司将以蒙大拿科技公司的名义运营,其目标是利用其AirJoule技术解决世界上最棘手的两个问题,即对节能暖通空调的需求和缺水。AirJoule使大气成为全天候可获得的可再生能源和水资源,以低至每升半美分的价格提供清洁的饮用水。它可以高效地从空气中收集水蒸气,以当前成本的一小部分提供纯净水和空调,同时消耗的电量比任何其他暖通空调或水发电系统少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.
蒙大拿科技公司准备通过与全球最大的化学品生产商巴斯夫和全球最大的锂离子电动汽车电池制造商宁德时代的战略合作伙伴关系,开始将其久经考验的AirJoule原型商业化。这些以及其他管道合作伙伴关系将使蒙大拿科技公司能够使用资本节约型商业模式快速扩展到批量生产。
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."
XPDB 首席执行官帕特·艾勒斯,说:“蒙大拿科技作为突破性除湿和冷却技术的领先开发商进入公开市场,我们感到非常兴奋。我们相信,Montana Technologies开创性的AirJoule技术,加上其世界一流的合作伙伴关系,完全有能力在全球范围内高效实现商业化和快速扩展业务,同时还可以利用超过4550亿美元的总潜在市场机会来创造长期价值。此外,与马特·乔尔及其世界一流的科学家团队合作,向世界提供AirJoule的可持续特性符合XPDB的精神。”
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."
蒙大拿科技首席执行官马特·乔尔,说:“今天的宣布是通过此次交易将我们的变革性技术AirJoule推向市场的一个重要里程碑。我们的技术是能源和水的纽带,是人类福祉、经济增长和环境可持续性的两种重要资源。AirJoule — 来自空气的能量和水 — 可以做当今其他解决方案无法做到的事情。它利用地球大气层来利用其大量的热能和水,提供具有成本效益和节能的解决方案,以显著降低的成本满足全球水资源短缺和空调需求。”
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."
蒙大拿科技首席技术官 Pete McGrail 兼西北太平洋国家实验室名誉研究员说:“我在太平洋西北实验室担任科学家已有39年,并于2022年加入蒙大拿科技公司。在这段科学发现和创新的时期,我有过几次专业经历,比如AirJoule被证明的时候。看到水从单位涌出真是令人欣慰,我相信,总有一天会被认可为科学成就的历史性时刻。”
Investment Highlights
投资亮点
-
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.
-
机会
-蒙大拿科技的突破性技术AirJoule有助于解决世界上最棘手的两个问题:空调需求和水资源短缺。AirJoule为减少排放、彻底改变暖通空调行业和解决水问题提供了独特的解决方案,其潜在市场总额超过4550亿美元。AirJoule 使大气成为全天候可获得的可再生能源和水资源。
- 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 使大气成为一系列应用中可获得的可再生能源:
-AirJoule 的估计成本 不到前期成本的一半 使用传统的除湿系统,同时消耗的电量要低得多
-预计会有标准的 AirJoule 机组 最多可收获 360 升 每天的水量低至每升半美分
-AirJoule 系统的设计目的是 最多可减少 75% 的电力 比目前的 HVAC 和发水系统更胜一筹
Transaction Highlights
交易亮点
- 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和蒙大拿科技公司的业务合并,预计企业价值为5亿美元
- 公司打算将这笔资金用于执行其全球战略合作伙伴关系、扩大生产规模、扩大运营领导团队以及用于一般运营目的
- 该交易预计将于2023年第四季度完成,但须满足某些成交条件
- 交易完成后,预计马特·乔尔将继续担任首席执行官并领导这家预计公司
XPDB Extension
XPDB 扩展
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.
关于XPDB代替年度股东大会(“特别会议”)的特别会议,该特别会议旨在寻求股东批准,将XPDB完成初始业务合并(“延期”)的时间从2023年6月14日(“当前外部日期”)延长至2023年12月14日(该日期,“延期日期”),XPDB或其赞助商,XPDI 赞助商 II LLC 将从 2023 年 6 月 15 日开始存款,然后从 10 日开始存款第四 在每个月(或者如果该日不是工作日,则在紧接第10天的工作日)中,额外资金存入与XPDB首次公开募股相关的信托账户(“信托账户”),金额等于(i)0.03美元乘以当时已发行且未在特别会议上赎回的XPDB A类普通股数量,以及(ii)300,000美元,取较低值(每笔存款均为 “捐款”)。所有捐款的最高总额将不超过1,800,000美元。关于延期,XPDB预计,扣除向XPDB发放的纳税利息(“赎回付款金额”)后,从信托账户中持有的现金中赎回A类普通股的每股价格约为每股10.37美元。实际的赎回付款金额将于 2023 年 6 月 7 日确定。目前,信托账户的利息年收益约为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.
特别会议将于中部时间2023年6月9日上午10点在位于德克萨斯州休斯敦大街609号4700套房47002号的Kirkland & Ellis LLP办公室亲自举行,并通过XPDB的网络直播虚拟方式鼓励其股东投票赞成延期以及与特别会议有关的最终委托书中描述的每一项提案。
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在创纪录的2023年5月12日营业结束时的登记股东有权在特别会议上对他们拥有的普通股进行投票。无论持有多少股票,每个股东的投票都非常重要,XPDB要求立即提交选票。股东可以在以下网址在线投票 按照他们提供的代理卡上的说明进行操作。如果股票存放在经纪公司或银行的账户中,则股东必须指示各自的经纪人或银行如何对股票进行投票,或者股东可以通过获得相应经纪公司或银行的代理进行在线投票。
Advisors
顾问
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.
巴克莱银行担任XPDB的资本市场顾问,柯克兰和埃利斯律师事务所担任XPDB的法律顾问。瑞生律师事务所担任蒙大拿科技公司的法律顾问。文森和埃尔金斯担任巴克莱银行的法律顾问。
About Montana Technologies
蒙大拿科技公司简介
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是一家大气能量和集水技术公司,通过其变革性的AirJoule技术提供高效和可持续的空调和空气中的纯净水。欲了解更多信息,请访问。
About Power & Digital Infrastructure Acquisition II Corp
关于 电力和数字基础设施收购二公司
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.
Power & Digital Infrastructure Acquisition II Corp是一家空白支票公司,在特拉华州注册成立,目的是与一家或多家企业进行合并、股权交换、资产收购、股票购买、重组或类似的业务合并。
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SOURCE Montana Technologies
来源:蒙大拿科技