Company: AIRJW
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002263
Chunk: 89

Company: AirJoule Technologies Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1
Chunk 89
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, ensuring mission readiness and resilience. In the HVAC space, where building
owners and facility managers are under pressure to cut energy consumption and improve indoor air quality, AirJoule’s superior moisture
removal capability is expected to reduce power consumption and the use of refrigerants in air conditioning systems.

3

To accelerate market penetration and scale our manufacturing capabilities,
we plan to leverage our strategic partnerships, which are discussed below. These partnerships offer access to industry-specific R&D
expertise, mature supply chains, established sales channels, and extensive service networks, allowing us to quickly move from pilot deployments
to full-scale commercialization. We intend to co-develop sector-specific solutions, capitalizing on our partners’ market insights
and reputational strength to better serve diverse customer needs. By combining our innovative AirJoule technology with their global reach
and operational expertise, we will unlock value across multiple industries, establish our position as a leader in water-focused solutions,
and deliver long-term growth and value to our shareholders.

Our Competitive Strengths

Our Product

AirJoule enables humanity to cost-effectively access the vast freshwater
resource available in the earth’s atmosphere. Its proprietary pressure swing system and use of advanced sorbents yields an unprecedented
level of energy efficiency when compared to existing water harvesting and dehumidification systems that rely on refrigerants or desiccants.
Because it produces pure distilled water and dehumidified air, AirJoule’s applications are numerous. AirJoule can be deployed on
a standalone basis to harvest water from air or provide customers with dehumidified air. We expect it can be integrated into a data center
or other industrial operation to utilize low-grade waste heat, simultaneously acting as a chiller to reduce cooling load and producing
pure water at a very low cost. We also expect it can be integrated into HVAC systems to manage humidity more efficiently and reduce both
operating and capital expenses for customers. AirJoule is a transformational technology that can be deployed to the nexus of energy and
water to solve some of the world’s greatest challenges.

Our Business Model

We believe we have a capital efficient and highly scalable business
model. For water harvesting and dehumidification applications, we intend to manufacture and sell full AirJoule systems to customers and
generate additional recurring revenue through maintenance and service agreements. We may also consider offering distilled water as a service.
Our preproduction units are being designed and manufactured by our joint venture with GE Vernova at the manufacturing facility