Company: AIRJW
Filing Date: 2025-05-05
Form Type: 424B3
Source: 0001213900-25-039770
Chunk: 113

Company: AirJoule Technologies Corp.
Filing Date: 2025-05-05
Form: 424B3
Chunk 113
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 military.
AirJoule has already been demonstrated for senior military leaders through the AIR2WATER program led by the US Department of Defense Advanced
Research Projects Agency, as well as Thunderstorm 24-4, a showcase focused on innovative technology for expeditionary military operations.
The Company is evaluating potential field test deployments with various branches of the U.S. military.

HVAC

According to the International Energy Agency,
air conditioning currently accounts for approximately ~10% of global electricity demand, and global demand for air conditioning is expected
to triple by 2050. This growth is likely to be accompanied by an increase in global emissions from the additional power generation required,
exacerbating climate change. Integrating AirJoule into air conditioning systems can lower power consumption by up to 50% and mitigate
some of the negative impacts from the growth in demand for air conditioning.

There are various types of air conditioning systems,
but the basic mechanisms are similar across all types. A mechanical system is used to draw in air, which is dehumidified and adjusted
to the desired temperature. The dehumidification step occurs when the temperature is lowered using refrigerants and water vapor in the
air condenses into water. During this process, condensation heat is generated. Thus, the cooling mechanism must be powerful enough so
that the cooling effect exceeds the rise in temperature resulting from condensation heat in order to lower the net temperature of the
environment in which this system is being used. Therefore, a significant amount of energy is required to offset condensation heat and
lower the indoor temperature, particularly in increasingly hot and humid environments. A recent study found that the removal of humidity
in air conditioning requires more energy than the temperature reduction itself and is responsible for more than 1% of all global greenhouse
gas emissions.

When integrated into an air conditioning system,
AirJoule produces dehumidified air without the heat of condensation, which lowers overall energy requirements for the system and reduces
operating expenses for customers. Additionally, AirJoule integration into the system reduces the need for environmentally harmful refrigerants.

Through our partnership with Carrier, they have
an exclusive right to commercialize AirJoule for HVAC applications in the Americas for three years after the date of commercialization.
We are working closely with them to design an AirJoule system that can be integrated into their products, and we are positioned to be
a tier-1 supplier of coated contactors to Carrier as part of this HVAC integration.

Manufact