Company: AIRJW
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002263
Chunk: 376

Company: AirJoule Technologies Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1B
Chunk 376
---
 identify forward-looking statements by terminology such as “may,” “should,”
“could,” “would,” “expect,” “plan,” “anticipate,” “believe,” “estimate,”
“continue,” or the negative of such terms or other similar expressions. Such statements include, but are not limited to, possible
business combinations and the financing thereof, and related matters, as well as all other statements other than statements of historical
fact included herein. Factors that might cause or contribute to such a discrepancy include, but are not limited to: our status as an early
stage company with limited operating history, which may make it difficult to evaluate the prospects for our future viability; our initial
dependence on revenue generated from a single product; significant barriers we face to deploy our technology; the dependence of our commercialization
strategy on our relationship with third parties; our history of losses; accuracy of assumptions underlying projections related to our
equity method goodwill impairment testing; and other risks and uncertainties described in our other SEC filings.

Unless the context otherwise requires, references in this “Management’s
Discussion and Analysis of Financial Condition and Results of Operations” to “we”, “us”, “our”,
and the “Company” are intended to refer to (i) following the Business Combination (as defined below), the business and operations
of AirJoule Technologies Corporation, formerly known as Montana Technologies Corporation and its consolidated subsidiaries, and (ii) prior
to the Business Combination, AirJoule Technologies LLC, formerly known as Montana Technologies LLC, or Predecessor, (the predecessor entity
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