Carrier Global and Montana Technologies Joint Commercialization Agreement

Carrier Global Corporation entered into a binding term sheet for a commercial collaboration with Montana Technologies to develop and commercialize AirJoule dehumidification and cooling technology. Carrier receives exclusive rights to commercialize the technology in HVAC equipment in the Americas for three years.

“Montana Technologies LLC ("Montana"), today announced entry into a binding term sheet related to a commercial collaboration with Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions, to develop and commercialize Montana's transformational 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.”

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