Company: AIRJW
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002263
Chunk: 106

Company: AirJoule Technologies Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1
Chunk 106
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, including using technologies with which we have little or no prior
development or operating experience. If we are unable to develop and sell new technology, features and functionality for our AirJoule
units that satisfy our customers and that keep pace with rapid technological and industry change, our revenue and operating results could
be adversely affected. If new technologies emerge that deliver competitive solutions at lower prices, more efficiently, more conveniently
or more securely, it could adversely impact our ability to compete and place us at a competitive disadvantage.

We expect to incur research and development costs and devote
resources to identifying and commercializing new products, which could reduce our profitability and may never result in revenue.

We will require significant capital to develop and grow our business
and we expect to incur significant expenses, including those relating to developing and commercializing our AirJoule 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