Uncertainty of Technology Commercialization: The company's core technology, the AIRJ system, is novel and its successful commercialization depends on achieving targeted performance, cost, and scalability, which may not materialize.

Intense Competition from Established Players: The HVAC and dehumidification markets are dominated by large, well-capitalized companies with extensive distribution networks, making it challenging for AIRJ to gain significant market share.

Dependence on Future Funding and Profitability: AIRJ is an early-stage company that will require substantial capital to fund R&D, manufacturing expansion, and market penetration, with no guarantee of achieving profitability in the near future.