Airjoule Technologies Corporation · NASDAQ:AIRJ
Airjoule Technologies — Investor Presentation (April 2026)
22 slides from Airjoule Technologies's investor presentation, April 2026
Slide 1: AirJoule Technologies Corporation
AirJoule Technologies Corporation Nasdaq: AIRJ https://airjouletech.com April 2026
Slide 2: Disclaimers
DISCLAIMERS Forward Looking Statements The information in this presentation includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of
Slide 3: Purpose and Vision: The Power of Water from Air
TM Purpose: THE POWER OF WATER FROM AIR Freeing the world of its water and energy constraints by delivering groundbreaking sorption technologies. Vision: AirJoule is the leading platform technology that unleashes the power of water from air.
Slide 4: AirJoule separates water from air with unprecedented efficiency
Dehumidified Air AirJoule separates water from air with unprecedented Ambient Air efficiency PFAS-free, Distilled Water Applications Target Industries Key Investors / Partners Water production Data centers Power generation Moisture recapture INVESTMENT GROUP Manufacturing Dehumidification Military C
Slide 5: AirJoule Provides Pure Distilled Water at Scale
AIRJOULE PROVIDES PURE DISTILLED WATER AT SCALE Pure Water from Air Modular Scalability Sorbent-coated contactors selectively extract water AirJoule systems are configured modularly to meet vapor from ambient air, using waste heat to drive the industrial-scale water needs chemical processes of adsor
Slide 6: Accelerating Commercial Development
ACCELERATING COMMERCIAL DEVELOPMENT GROWING DEMAND PIPELINE ACROSS INDUSTRY VERTICALS FOR AIRJOULE DEPLOYMENTS – SIGNING UP NOW Deployments structured as sales, leases, or Water Purchase Agreements Data Center Cooling Food & Beverage Semiconductors & Chemicals Residential Development Anti-Corrosion
Slide 7: AirJoule Performance vs Competition
AIRJOULE PERFORMANCE VS COMPETITION AIRJOULE’S LEADING ENERGETICS RESULT IN GREATER CUSTOMER VALUE AND SHORT PAYBACK PERIODS $0.20 2,000 Moisture Removal Efficiency (watt-hour per liter) $0.18 1,800 Desiccant Wheel (Used to achieve ultra low humidity $0.16 for industrial applications) 1,600 Cost per
Slide 8: 2025 Milestones at a Glance
2025 MILESTONES AT A GLANCE Operational Industry Academic Defense High-Value Deployments Recognition Validation Credibility Applications Continuous operation Leading data center Premier research Partnerships with ERDC Dehumidification and across TX, CA, AZ, and operators need partnership with ASU an
Slide 9: Strategic Expansion into Defense Applications
STRATEGIC EXPANSION INTO DEFENSE APPLICATIONS U.S. Army ERDC Partnership Defense Contractor Partnership U.S. Defense Waste Heat Recovery & Water Production Anti-Corrosion Dehumidification Contractor • Executed a Cooperative Research & Development • Agreement with U.S. defense contractor for Agreemen
Slide 10: Water Purchase Agreement
Water Purchase Agreement Stable, long-term revenue for AirJoule | Financial flexibility for customers WPA Model Analogous to Power Purchase Agreements 1 AirJoule owns, operates, and maintains systems at partner sites (data centers, industrial facilities, power generation) 2 Water sold to partner or
Slide 11: Product Portfolio
PRODUCT PORTFOLIO DISTINCT OFFERINGS MEETING THE NEEDS OF CUSTOMERS ACROSS KEY MARKET SEGMENTS AND REGIONS AirJoule Core AirJoule Prime Commercial Water Systems & Industrial Dehumidification Flagship Product Platform for Industrial and Mass Water • Manage up to 250L per day for small-to-medium appli
Slide 12: Strong Focus on Productization
STRONG FOCUS ON PRODUCTIZATION MAXIMIZE WATER OUTPUT ▪ Improving sorbent formulas and coating processes ▪ Optimizing adsorption and desorption cycles Reduce REDUCE SYSTEM overall system costs COSTS ▪ Identifying cost-effective components ▪ Locking in supply chain relationships ▪ Eliminate unnecessar
Slide 13: Customer Engagement Cycle
CUSTOMER ENGAGEMENT CYCLE DEFINED PATH FROM INITIAL EVALUATION TO COMMERCIAL DEPLOYMENT 1 2 3 4 Discovery & Proof of Commercial Deployment Evaluation Value Structuring & Scale • Assess product-market fit • Execute MOU or pilot • Define commercial model: • Multi-unit commercial against customer agree
Slide 14: 2026 Outlook
2026 OUTLOOK Product Launches Customer Deployments Manufacturing & Scale AirJoule Core Commercial Net Zero Innovation Hub Q4 2026 On Track Newark Production Operational Launch for Data Centers First commercial products following AirJoule system showcase Contactor coating and system certifications de
Slide 15: Investment Highlights
INVESTMENT HIGHLIGHTS TRANSFORMATIONAL TECHNOLOGY AirJoule uses Waste Heat to Produce Pure Distilled Water from Air LARGE ADDRESSABLE MARKET Water and Energy Efficiency GLOBAL PARTNERSHIPS IN PLACE ENERGETICS DRIVE CUSTOMER RETURNS Targeted Paybacks of Less than 4 Years TM AirJoule Technologies | Ap
Slide 16: Appendix
APPENDIX TM AirJoule Technologies | April 2026 Slide 16
Slide 17: AirJoule - Triple Purification Production of Distilled Water
AIRJOULE - TRIPLE PURIFICATION PRODUCTION OF DISTILLED WATER AirJoule Process Description AirJoule Process Diagram Air is drawn through sorbent-coated contactors, and 1 water vapor is selectively captured WASTE HEAT Chamber doors close, vacuum is applied, and heat is 2 added, distilling the water fr
Slide 18: Waste Heat Recovery Is an Untapped Resource
WASTE HEAT RECOVERY IS AN UNTAPPED RESOURCE AIRJOULE UTILIZES LOW-GRADE WASTE HEAT TO EXTRACT MOISTURE FROM AMBIENT AIR Massive amount of wasted heat in nearly every market vertical Energy Used ▪ Power generation and heavy industrial activities release large amounts of waste heat Energy Lost / Waste
Slide 19: AirJoule Technologies – Board of Directors
AIRJOULE TECHNOLOGIES – BOARD OF DIRECTORS ACCOMPLISHED BOARD WITH DIVERSE AREAS OF EXPERTISE Pat Eilers, Ajay Agrawal Max Baucus Matt Jore Executive Chairman Chief Business Development Officer Former US Senator & Founder & CEO Founder & Managing Partner Carrier Global Corporation Ambassador to Chin
Slide 20: AirJoule Technologies – Company Leadership
AIRJOULE TECHNOLOGIES – COMPANY LEADERSHIP EXPERIENCED TEAM WITH A STRONG TRACK RECORD Pat Eilers Matt Jore Stephen Chad Bryan Executive Founder & Pang MacDonald Barton Chairman CEO CFO CLO CCO • Founder & Managing • Over 30 years of • Over 20 years of capital • Over 15 years of ▪ Technology and Par
Slide 21: AIRJ Equity Ownership
AIRJ EQUITY OWNERSHIP Strong insider alignment AIRJ Common Stock - 68.1m shares outstanding(1) • Approximately 47% insider ownership, underscoring management’s long-term commitment and confidence in AirJoule’s strategy High-quality strategic investors • GE Vernova (NYSE: GEV) and Carrier (NYSE: CARR
Slide 22: Financial Results
FINANCIAL RESULTS AirJoule Technologies (AIRJ) $ in millions Q4 2025 FY 2024 FY 2025 • Net operating expenses of $13.6 million in 2025 Operating expenses, gross $(4.0) $(13.9) $(15.9) • Includes $2.3 million in expense reduction from SOW expense reduction 0.7) 2.8) 2.3) AirJoule JV pursuant to State
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