Company: AIRJW
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002263
Chunk: 137

Company: AirJoule Technologies Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1
Chunk 137
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-growing and water
and energy-intensive industries, such as data centers and advanced manufacturing, along with military and HVAC applications. We estimate
the combined total addressable market to be approximately $450 billion.

In the data center arena, we aim to address escalating energy and water
efficiency challenges associated with increased computing density by using low-grade waste heat to produce pure distilled water and enabling
data center operators to reduce their cooling costs and improve water sustainability. Similarly, in advanced manufacturing environments,
where product quality and process precision hinge on consistent humidity and ultra-pure water, AirJoule can help customers with cost-effective
dehumidification. The 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