Company: AIRJW
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002263
Chunk: 99

Company: AirJoule Technologies Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1
Chunk 99
---
 relevant markets for our
AirJoule units. Our patent applications cover various technologies and components, including latent energy and water harvesting systems
(effective October 1, 2021), 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. As part of the joint
venture agreement with GE Vernova, GE Vernova contributed intellectual property related to MOF-coating technology and processes. We are
also pursuing additional patent applications relating to recent technology developments, and we expect to continue to pursue further patent
applications as the development and optimization of the AirJoule units continues.

We rely on non-disclosure agreements with employees, independent contractors,
customers, and other third parties to protect our intellectual property and proprietary rights. Circumstances outside our control could
pose a threat to our intellectual property rights. For more information, see “Risk Factors — Risks Related to Intellectual
Property — Our patent applications may not result in issued patents, and our issued patents may not provide adequate protection,
which may have a material adverse effect on our ability to prevent others from commercially exploiting products similar to ours.”

8

Competition

Atmospheric Water Harvesting

Harvesting water from air, which is often referred to as atmospheric
water harvesting, is an emerging sector focused on extracting water from ambient air to address the growing global demand for sustainable
water solutions. The current market for systems that harvest water from air is highly fragmented, with most competitors offering products
that rely on condensation-based methods, using energy and refrigerants to cool air below its dew point and collect the resulting water
droplets. Other products incorporate desiccant materials that absorb humidity from the air, then release it as liquid water when heated.
The primary drawback from these existing technologies is that they require significant amounts energy to operate, which negatively impacts
cost-efficiency.

We believe that AirJoule, with its transformational technology and
unprecedented efficiency for harvesting water vapor, provides superior energetics compared to incumbent technologies and positions us
to capture a meaningful amount of the growth in this evolving sector.

Dehumidification

Several established players have a significant presence in the industrial
dehumidification market, leveraging extensive experience, broad product portfolios, and strong global