Company: AIRJW
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002263
Chunk: 1098

Company: AirJoule Technologies Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 7
Chunk 1098
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 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 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 will reduce power consumption and the use of refrigerants in air conditioning systems.

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.

26

Recent Developments

Change of Company Name

AirJoule Technologies Corporation

Effective November 13, 2024, Montana Technologies Corporation changed
its corporate name to AirJoule Technologies Corporation, pursuant to an amended and restated certificate of incorporation filed with the
Delaware Secretary of State.

AirJoule Technologies LLC

Effective November 13, 2024, Montana Technologies LLC changed its corporate
name to AirJoule Technologies LLC, pursuant to an amended and restated certificate of incorporation filed with the Delaware Secretary
of State.

Statement of Work – Related Party

In November 2024, we executed a statement of work with AirJoule, LLC
under the Master Services Agreement, dated as of March 4, 2024, by and between us and AirJoule, LLC, pursuant to which we will provide
AirJoule, LLC with engineering and administrative services. Once each calendar year, unless otherwise agreed by the Board of Managers
of AirJoule, LLC, or the AJ Board, we will provide equity awards to AirJoule, LLC employees in amounts approved by the AJ Board.

Components of Our Results of Operations

Revenue

We anticipate that we will earn revenue from the sale of various key
components that will be used in the assembly of AirJoule systems. As of December