Carrier Signs Agreement with Montana Technologies to Commercialize Carbon-Reducing Cooling Technology for HVAC Solutions

PALM BEACH GARDENS, Fla., Jan. 8, 2024 /PRNewswire/ -- Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions, today announced entry into a binding term sheet with Montana Technologies LLC ("Montana") to develop and commercialize Montana's transformational AirJoule dehumidification and cooling technology. In addition, Carrier has conditionally committed $10 million in growth equity into Montana to foster commercialization of AirJoule.