Company: AIRJW
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002263
Chunk: 241

Company: AirJoule Technologies Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1A
Chunk 241
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le units, research and
development, production, sales, maintenance and service and building the AirJoule brand. Our current estimates of the costs associated
with development and commercialization could prove inaccurate, and that could impact the cost of our technology and of our business overall.
If we are unable to efficiently design, develop, commercialize, license, market and deploy our technology in a cost-effective manner,
our margins, profitability and prospects would be materially and adversely affected.

Actual capital costs, operating costs, production and economic
returns may differ significantly from those we have anticipated and future development activities may not result in profitable operations.

The actual operating costs of manufacturing, commercializing and distributing
AirJoule units on a commercial scale will depend upon a variety of factors, such as changes in the availability of and price of materials
and changes in governmental regulation, including taxation, environmental, permitting and other regulations and other factors, many of
which are beyond our control. Due to any of these or other factors, our capital and operating costs may be significantly higher than those
initially estimated by management. As a result of higher capital and operating costs, our financing ability may be impacted, and this
may be further affected by lower commodity prices in the international markets that could impact production or economic returns, which
may differ significantly from management’s expectations and there can be no assurance that any of our development activities will
result in profitable operations.

We may face significant competition from established companies
with longer operating histories, customer incumbency advantages, access to and influence with governmental authorities and more capital
resources than we do.

The markets for generation of potable water and energy-efficient air
conditioning are evolving and highly competitive. We expect competition to increase in the future from established competitors and new
market entrants. This could negatively impact our ability to compete in these markets. We will face competition from other water generation
and comfort cooling companies that offer standalone water production and air conditioning solutions and services. In addition, we may
face competition from niche companies and new market entrants that offer point products that attempt to address the specific problems
that our AirJoule units attempt to solve.

12

Many of our existing competitors have, and our potential competitors
could have, substantial competitive advantages such as greater name recognition, longer operating histories, larger sales and marketing
budgets and resources, greater customer support resources, lower labor and development costs, larger and more mature intellectual property
portfolios and substantially greater financial, technical and other resources.

Some of