Company: AIRJW
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002263
Chunk: 107

Company: AirJoule Technologies Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1
Chunk 107
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 competitive. We expect competition to increase in the future from established competitors and new
market entrants. This could negatively impact our ability to compete in these markets. We will face competition from other water generation
and comfort cooling companies that offer standalone water production and air conditioning solutions and services. In addition, we may
face competition from niche companies and new market entrants that offer point products that attempt to address the specific problems
that our AirJoule units attempt to solve.

12

Many of our existing competitors have, and our potential competitors
could have, substantial competitive advantages such as greater name recognition, longer operating histories, larger sales and marketing
budgets and resources, greater customer support resources, lower labor and development costs, larger and more mature intellectual property
portfolios and substantially greater financial, technical and other resources.

Some of our larger competitors also have substantially broader product
lines and market focus and will therefore not be as susceptible to downturns in a particular market. Conditions in our market could change
rapidly and significantly as a result of technological advancements, partnering by our competitors, or continuing market consolidation.
New start-up companies that innovate and/or large companies that are making significant investments in research and development may invent
similar or superior products and technologies that compete with our AirJoule units. In addition, some of our competitors may enter into
new alliances with each other or may establish or strengthen cooperative relationships with agency partners, technology and application
providers in complementary categories or other parties. Any such consolidation, acquisition, alliance or cooperative relationship could
lead to pricing pressure, a loss of market share or a smaller addressable share of the market, all of which could harm our ability to
compete and may materially affect our results of operations and financial condition.

If we fail to retain our key personnel or if we fail to attract
additional qualified personnel, we may not be able to achieve our anticipated level of growth and our business could suffer.

Our success depends to a significant extent on our and our joint ventures’
ability to attract and retain talent, specifically in senior management and skilled technical, engineering, project management and other
key roles. Macroeconomic conditions, specifically labor shortages, increased competition for employees and wage inflation could have a
material impact on our ability to attract and retain talent, our turnover rate and the cost of operating our business. If we are unable
to attract and retain sufficient talent, minimize employee turnover or manage wage inflation, it could have a material adverse effect
on our business, financial condition, results of