AirJoule Technologies Corporation

Greetings and welcome to the AirJoule Technologies second quarter 2026 earnings call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. Please note that this conference is being recorded. It's now my pleasure to turn the call over to your host, Tom Divine, Vice President of Investor Relations and Finance. Thank you. You may begin.

Thank you and good morning. With me today for our second quarter 2026 earnings call are Matt Jore, founder and chief executive officer, Pat Eilers, executive chairman, Bryan Barton, chief commercialization officer, and Steven Pang, chief financial officer. During this call, we will be referring to a presentation which is available on the webcast platform and on the investor section of our website. I would like to point out that many of the comments made during the prepared remarks and during the Q&A section are forward looking statements that involve risks and uncertainties that could affect our actual results and plans. Many of these risks are beyond our control and are discussed in more detail in the risk factors and the forward looking statement sections of our filings with the SEC. Although we believe the expectations expressed are based on reasonable assumptions, they are not guarantees of future performance, and actual results or developments may differ materially. And now, I will turn it over to Matt Jore.

Thanks, Tom. Good morning, everyone, and thanks for joining us today for our second quarter 2026 earnings call. We've had some exciting developments over the last few months, and we're pleased to be discussing those today. On our last call in May, we talked about the growing public opposition to data center development. This was driven in large part by the power and water demands these facilities place on their communities. While it started as local opposition in mostly rural areas where data center development was occurring, public perception has shifted and that opposition has gone mainstream. Even cultural icons like Willie Nelson and Erin Brockovich are weighing in. issuing statements and launching campaigns to oppose data center development in the United States. The political winds are shifting as well. New York recently enacted a moratorium on data center permits for facilities over 50 megawatts, making it the first state to explicitly pause data center development. When signing the executive order, Governor Kathy Hochul specifically said that existing regulatory frameworks are quote, not yet prepared to address the large-scale water use and treatment from data centers, which could strain aquifers, surface waters, and public infrastructure. In Texas, which has been welcoming data centers and thus has seen massive development in recent years, Governor Greg Abbott announced a pause on grid-connected data centers until a full and complete audit of all proposed development can be completed. He urged regulators to determine how much water proposed data centers will use and what their water supply is, as well as information about their cooling technology. These policy actions are unfolding against the backdrop of growing water scarcity across the U.S. A few weeks ago, the Washington Post profiled Kearney, Arizona, a town of 2,000 people whose annual water allocation was cut by 75%. After the reservoir that supplies that town fell to 1% of capacity, the town has prohibited lawn watering, car washing, and even Little League. The article concluded that other towns across the West could face the same fate. Communities are already running short on water, and the demands of new development are colliding with a shrinking water supply. These are the problems that AirJoule helps solve. Our systems produce pure distilled water on-site from the humidity in the air powered by low-grade waste heat without drawing on municipal supply or local aquifers. For data center operators, AirJoule offers a path to water access that does not put them in competition with the communities around them. It also helps solve a permitting problem. Water use is increasingly the factor that delays approval of New data centers because communities worry about long-term water usage. By using AirJoule systems, data center operators can show local officials and residents that it has a long-term solution to securing water. And over time, excess water produced by AirJoule can flow back into the community, which eases local water stress rather than adding to it. For water-stressed regions, AirJoule provides a distributed source of clean water that does not depend on a distant reservoir. The same advantage applies well beyond data centers. In many water scarce markets, water availability is constraining residential development. To that end, we recently announced an exclusive partnership with Kubota Corporation to deploy air joule systems for residential development in water scarce regions of Texas and California. Bryan's going to talk about that in greater detail. But it's a huge milestone for us on the path to commercialization. By partnering with Kubota, who has a 136-year legacy of environmental and water engineering expertise, we'll be able to deploy air-drill systems at scale and unlock residential development across the southern U.S. Partnerships like the one we just announced with Kubota have been critical to our success so far. GE Vranova, our joint venture partner, delivered a powerful validation of our technology this summer. In July, GE Vranova held a grand opening for its new Advanced Research Center Frontier Campus in Niskayuna, New York. They specifically highlighted AirJoule as one of the innovative technologies that GE Vranova is helping to develop. And they have an AirJoule core system operating there as a showcase unit for customers and partners who visit that facility. You can see it also on their website in their recent posts on LinkedIn. This reflects the strength of our joint venture with GE Renova, and we are grateful for their continued support through engineering and R&D initiatives. We've also got some very exciting technology in the hopper at AirJ that we'll be sharing in upcoming communications. Before Bryan provides an update on our customer engagements and productization, I'll turn it over to Pat for an update on our international growth initiatives in the UAE. Pat?