Company: AIRJW
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002263
Chunk: 271

Company: AirJoule Technologies Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1A
Chunk 271
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in existence prior to the consummation of the Business Combination) and its consolidated subsidiaries.

Company Overview 

We are a water harvesting technology company that aims to provide energy
and cost-efficient water harvested from air. Our product, AirJoule, is a climate solution technology that harvests the water vapor in
the atmosphere and produces pure distilled water to improve water security and sustainability for businesses and consumers around the
world. AirJoule is especially valuable for industrial users, which generate significant amounts of waste heat that can be utilized to
produce pure distilled water and dehumidified air – two key inputs for variety of industrial activities, including data centers
and advanced manufacturing. In HVAC applications, our AirJoule technology is designed to reduce energy consumption, minimize or even eliminate
the use of environmentally-harmful refrigerants, and generate material cost efficiencies for air conditioning systems. We are focused
on commercialization and scaling manufacturing of our AirJoule systems through our global partnerships with GE Vernova and Carrier , and
we believe that deploying AirJoule units worldwide can help to improve water security and reduce global emissions. We plan to manufacture
AirJoule units capable of producing 1,000 liters per day in 2025, which we intend to use for customer demonstrations, and we expect to
scale capacities for commercial sales in 2026.

Growth Strategy and Outlook

We anticipate significant growth opportunities by offering AirJoule
in global markets where demand for water, dehumidified air and cooling are highest. With our proprietary technology, we believe that we
are uniquely positioned to provide curated solutions that satisfy our customers’ needs and expectations in fast-growing and water
and energy-intensive industries, such as data centers and advanced manufacturing, along with military and HVAC applications. We estimate
the combined total addressable market to be approximately $450 billion.

In the data center arena, we aim to address escalating energy and water
efficiency challenges associated with increased computing density by using low-grade waste heat to produce pure distilled water and enabling
data center operators to reduce their cooling costs and improve water sustainability. Similarly, in advanced manufacturing environments,
where product quality and process precision hinge on consistent humidity and ultra-pure water, AirJoule can help customers with cost-effective
dehumidification. The military sector presents a distinct opportunity, as AirJoule is able to operate in a variety of climate conditions
to support troops in remote and water-scarce environments, ensuring mission readiness