I do agree that it seems too good be true, but comparing this to a traditional humidifier isn't 100% accurate. A humidifier has to pump air past its condensers while this water bottle can be attached to a bike or hiker which would allow for airflow. Therefore, the power source only needs to condense water. Either way, you're probably right that they're exaggerating their claims.
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The startup made either erroneous or false claims to get many unsuspecting investors to invest in their project