Company: AIRJW
Filing Date: 2025-05-05
Form Type: 424B3
Source: 0001213900-25-039770
Chunk: 82

Company: AirJoule Technologies Corp.
Filing Date: 2025-05-05
Form: 424B3
Chunk 82
---
 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

AirJoule is 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 manufacturing of our AirJoule systems through our global partnerships with GE
Vernova and Carrier, and we believe that deploying AirJoule units worldwide can help to improve water security and reduce global emissions.
We plan to manufacture AirJoule units capable of producing 1,000 liters per day in 2025, which we intend to use for customer demonstrations,
and we expect to scale capacities for commercial sales in 2026.

Growth Strategy and Outlook

We anticipate significant growth opportunities
by offering AirJoule in global markets where demand for water, dehumidified air and cooling are highest. With our proprietary technology,
we believe that we are uniquely positioned to provide curated solutions that satisfy our customers’ needs and expectations in fast-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