Company: AIRJW
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002263
Chunk: 95

Company: AirJoule Technologies Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1
Chunk 95
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humidifier technology. We also have two master patent PCT applications and have filed patent applications in all
relevant markets relating to the AirJoule units. Our patent applications cover various technologies and components, including latent energy
and water harvesting systems, evaporative cooling and water recapture systems, evaporative heat pump systems, water heating systems, low
relative humidity drying systems, pre- and mid-cool integration coils, advanced vacuum pump systems, isothermal condenser design, gate
and seal systems and methods, HVAC systems with AirJoule integration, and microchannel harvesters and contactors. See “—
Intellectual Property.”

Sales and Marketing

As an early participant in the rapidly growing ecosystem of atmospheric
water harvesting, we believe we are well-positioned to capture and drive a meaningful amount of growth in the sector. As water harvesting
technology continues to advance, we expect a corresponding growth in demand for the products resulting from the deployment of our AirJoule
technology. We believe the AirJoule system harvests water from the air more effectively than any other technology that is available in
the market today and that the AirJoule system can potentially secure access to and make abundant water for industrial and drinking use
almost anywhere on the planet, particularly in water-scarce regions. We aim to offer our products and services in global markets where
demand for water and cooling are highest.

In addition to the direct benefit our technology is expected to provide
to our customers, we believe our product and service will also enable customers to manage and improve their sustainability profile. Many
companies have become increasingly conscious of their environmental footprint as a result of expectations placed upon them by their customers,
investors, and other stakeholders. The Governance & Accountability Institute found that in 2023, 99% of S&P 500 companies and
93% of Russell 1000 companies published reports to their investors describing their environmental, social, and governance commitments.
Companies are developing strategies to adapt their business models in response to customer and investor demands that these businesses
transition to leveraging sustainable, clean energy and invest in solutions to global warming and water scarcity.

6

Data Centers

The data center industry is experiencing rapid growth, driven by the
increasing global demand for digital infrastructure to support cloud computing, artificial intelligence, and big data analytics. The market,
fueled by significant investments in hyperscale data centers by major technology companies, is expected to grow at a double-digit compound
annual growth rate of 11.7