RONAN, Mont. — Montana Technologies LLC today announced entry into a binding term sheet related to a commercial collaboration with Carrier Global Corp., to develop and commercialize Montana’s AirJoule dehumidification and cooling technology.
In connection with the commercial collaboration, Montana has, subject to the satisfaction of certain milestones, granted Carrier the exclusive right to commercialize the AirJoule technology into HVAC equipment in the Americas for a period of three years.