US Market News
3週前
374Water Reports First Quarter 2026 Financial Results; Gross Margins Expands Year-Over-Year as Company Advances Contracted Deployments, Waste Destruction Services Platform, and Strategic PartnershipsMay 14, 2026 4:35 PM
ACCESS NewswireRecurring Revenue Platform Takes Shape as Contracted Operations Scale Across Municipal, Federal, and Industrial MarketsMORRISVILLE, NC / ACCESS Newswire / May 14, 2026 / 374Water Inc. (NASDAQ:SCWO) ("374Water" or the "Company"), a cleantech environmental services company deploying supercritical water oxidation technology for the destruction of organic waste with its proprietary AirSCWOTM technology, today reported financial results for the quarter ended March 31, 2026. The Company's Waste Destruction Services ("WDS") platform continued to scale, with gross margins expanding 38 percentage points year-over-year, and contracted deployments advancing across multiple market segments.Anchored by the Company's purchase order with the City of Olathe, Kansas and Garney Construction - a national leader in water and wastewater infrastructure - 374Water enters the second quarter of 2026 with growing momentum around commercial partnerships, operational execution, and higher gross margins. The Company also strengthened its balance sheet by adding $800,000 of financing as of March 31st, 2026, with an additional $1.1M in financing as of the date of this release."The first quarter of 2026 has been another inflection point for 374Water," said Brad Meyers, Chief Operating Officer of 374Water. "Our new leadership team, including the Board of Directors, is positioning this Company to meet the extensive demand for AirSCWO from several key market segments."We are delivering dramatically improved gross margins, our mobile AirSCWO system has arrived in Minnesota for its inaugural campaign with the City of St. Cloud, and we continue executing in lockstep with Orange County Sanitation District ("OC San") and the City of Orlando."We are scaling our Waste Destruction Services facility with additional tankage and infrastructure, and expect to showcase the operations later this year.""Opportunities like the one in front of us are rare," said Sunny Viswanathan VP Solutions for 374Water. "The U.S. biosolids management market exceeds $2 billion, and with increasing regulations and growing awareness of the risks associated with traditional disposal methods, we believe market dynamics are steadily shifting municipalities toward destruction-based solutions. This trend strongly positions 374Water at the center of that transition. I've spent my entire career in water, wastewater and biosolids, and I've never seen this level of pent-up demand focused on a single company and solution. It's an exciting time, and we are ready for what's ahead."First Quarter 2026 Business & Financial HighlightsOperational HighlightsAppointed Danny Bogar as CEO and strengthened the Board of Directors by adding directors Brad Freels, Chuck Weiser, and Stephen McKnight, who join Jim Pawloski and 374Water Co-Founder Marc Deshusses. Rick Davis was subsequently added to the Board of Directors during the interim reporting period.Signed a 5-year agreement with the City of Orlando, FL to build out the Company's Waste Destruction Services facility. The agreement includes two 5-year extensions.Received the purchase order and associated milestone payment of $2.2M from Garney Construction for the City of Olathe sale and services contract. The total contract is valued at more than $4.5M.Delivered the mobile AirSCWO system to St. Cloud, MN for a six-month campaign destroying PFAS-laden biosolids and other PFAS waste streams.Released destruction results from U.S. Department of Defense, Defense Innovation Unit testing conducted with the Environmental Security Technology Certification Program, Arcadis, and Clean Earth. Third-party lab analyses showed AirSCWO consistently destroyed PFAS well beyond project targets, and often in excess of 99.9%.Financial Highlights for Q1 2026 Compared to Q1 2025Revenue: $551,155 vs. $543,100 in Q1 2025Gross Margin: $348,412 (63%) vs. $138,283 (25%) in Q1 2025 - a 38-percentage-point improvement year-over-yearNet Loss: $(4,571,623) vs. $(3,698,414) in Q1 2025, reflecting continued investment in commercial infrastructure and certain non-recurring items: $184,000 in capitalized offering costs expensed upon the Company's strategic shift to convertible debt financing and $158,000 in Delaware franchise tax related to an increase in the number of authorized shares of common stock.Overhead Reduction and Cash Burn: Cash used in operating activities was $(2,508,341) vs. $(3,494,477) in Q1 2025 - a 28% improvement in operating cash efficiency. Since its leadership transition in March 2026, the Company has taken decisive actions to improve operational efficiency, streamline overhead, and focus resources on near-term commercial opportunities.Building the Platform for Waste Destruction Services374Water is scaling its recurring revenue platform to better serve municipal, federal, and industrial markets, with AirSCWO positioned as the end-of-pipe solution for PFAS treatment chains.Waste Destruction Services Facility: We believe Waste Destruction Services ("WDS") is the future of PFAS destruction and wastewater treatment. Since late 2024, the Company has been operating on-site at the City of Orlando's Iron Bridge Water Reclamation Facility, destroying biosolids, AFFF, ion exchange resin, and foam fractionate under contracted service arrangements. We have more recently begun the buildout of a dedicated WDS facility at the same location.The Company's WDS facility is designed as an industrial-grade, multi-waste receiving and destruction hub with more than 80,000 gallons of tank storage. The current facility buildout, now underway, converts that operational foundation into a permanent, scalable infrastructure asset.We expect initial operations to generate between $100,000 to $200,000 in monthly revenue, increasing to more than $400,000 monthly by late 2027, with 374Water's initial investment.The WDS facility is designed for modular expansion. Active discussions with potential co-investment partners are underway regarding expanding the facility and capacity to increase our revenue potential from $5M ARR to more than $15M ARR by adding additional modular AirSCWO platforms. These partners could bring not only capital but potentially operational synergies and contracted inbound waste volumes of foam fractionate, reverse osmosis brine, activated carbon, and ion exchange.The Orlando WDS hub - anchored by a long-term municipal partnership - represents 374Water's scalable deployment model. The Company intends to replicate this structure across additional geographies as contracted demand and strategic partnerships develop.City of Orlando Demonstration: During Q1 2026, 374Water successfully completed its full-scale demonstration at Orlando's Iron Bridge Regional Water Reclamation Facility, generating approximately $482,000 in service revenue and demonstrating its commercial proposition across the municipal wastewater sector.Modular AirSCWO Platform: We're moving - and thinking - outside the box. The modular AirSCWO architecture is a core component of the Company's innovative product offering and scalable platform. By uncoupling the system into discrete sub-systems - pumps, reactor, heat capture, and others - 374Water has improved manufacturing, simplified field maintenance and operations, and enabled capacity to be added incrementally at any deployment site. Customers can right-size an initial installation and scale up through additional modules as contracted volume grows, potentially reducing capital barriers to entry and accelerating time-to-revenue for new deployments.Mobile AirSCWO System: The Company's next-generation mobile AirSCWO system - designed for rapid on-site deployment - has arrived in Minnesota for its inaugural six-month service campaign with the City of St. Cloud. We expect the system will serve as a key component of 374Water's recurring service revenue model.OC San Equipment Contract: The AirSCWO 6 system designed for OC San -the third largest wastewater agency on the West Coast - has met continuous run-time factory acceptance test requirements and continues toward final volume milestone completion. OC San's selection of AirSCWO represents the platform's commercial and operational readiness at institutional scale.Biosolids and slurry (liquid and solid mixture) processing has long been the challenge for SCWO technologies. 374Water has established a notable advantage within the industry and among competitors with this capability being one of our relative strengths. While competitors and other companies avoid slurry waste streams, 374Water is unlocking massive markets and offering a truly unique value proposition.Department of Defense PFAS Destruction Program: 374Water's AirSCWO technology has achieved independently validated destruction and removal efficiency of greater than 99.9% across multiple PFAS-impacted waste streams through the U.S. Defense Innovation Unit ("DIU") and Environmental Security Technology Certification Program ("ESTCP") initiative. Results were independently verified by Arcadis, a global leader in environmental engineering, and publicly presented at the DoD Applied Innovation Workshop in March 2026. The Company was also awarded a subcontract with to support the U.S. Air Force in addressing PFAS contamination at firefighter training areas across military installations nationwide.Update on Strategic Priorities for 2026In March, under our new management team, we announced our strategic priorities for 2026. In just 45 days we have made material progress towards each of these objectives.The contracted AirSCWO 6 system for OC San in Fountain Valley, CA has met continuous run-time factory acceptance test requirements and continues toward final volume milestone completion. Engineering improvements to system design and operational performance are being incorporated ahead of deployment.Infrastructure buildout of the WDS facility at the City of Orlando's Iron Bridge Facility is underway. Receiving and handling systems, tankage, and AirSCWO integration are progressing toward full-scale operations, expected later this year. The facility continues to accept and destroy contracted PFAS waste streams during buildout.The mobile AirSCWO system has been deployed to St. Cloud, MN under a contracted six-month service campaign, destroying PFAS-laden biosolids and other PFAS waste streams for the city.Engineering and manufacturing teams are building the next-generation AirSCWO system for contracted delivery to Olathe, KS in partnership with Garney Construction - designed for higher-volume slurry and liquid waste processing at industrial scale.Management is actively engaged with strategic partners - industrial operators, infrastructure companies, and environmental services platforms - to structure WDS partnerships across targeted verticals and geographic markets.Strategic Partnerships & Capital Raise374Water's growth strategy is built around strategic partnerships with established industrial and infrastructure operators - companies with scale, commercial networks, and process waste streams that are natural fits for contracted AirSCWO destruction services. We expect these partners bring pipeline access, operational infrastructure, and co-investment capacity that accelerates deployment far beyond what organic capital formation alone can support.While many of these operators offer an array of entrenched treatment technologies to critical markets, they often fall well short of destruction, achieving only concentration and removal of toxins and contaminants. This leaves continuing and contingent liabilities for years to come.Management is in active discussions with multiple parties at both the corporate and project levels, structured around long-term contractual alignment."We see clear demand from the market, and others see it as well," said Howard Teicher, VP of Government for 374Water. "We have several interested partners who want to help bring AirSCWO to market, create strong commercial pathways, and provide supporting operations for our projects and technology."We are heavily engaged in structuring a partnership to unlock tremendous value and accelerate our scale-up.""We are building a recurring revenue platform with contracted deployments, improving margins, and a growing roster of strategic partners who understand the scale of the PFAS destruction opportunity," said Danny Bogar, President and CEO of 374Water. "Industrial and infrastructure operators are coming to the table because they see what we already know: AirSCWO is not a future technology. It is operating today, destroying waste under contract, and ready to scale."About 374Water374Water Inc. (NASDAQ: SCWO) is a cleantech and environmental services company developing supercritical water oxidation technology for the destruction of organic waste streams within the industrial, municipal, and federal markets. 374Water's AirSCWO™ technology is designed to efficiently destroy and mineralize a broad spectrum of nonhazardous and hazardous organic wastes, producing safe dischargeable water streams, safe mineral effluent, safe vent gas, and recoverable heat energy. 374Water's AirSCWO technology has the potential to assist its customers to meet discharge requirements, reduce or eliminate disposal costs, remove bottlenecks, and reduce litigation and other risks. 374Water continues to be a leader in innovative waste treatment solutions, dedicated to creating a greener future and eradicating harmful pollutants. Learn more by visiting www.374water.com and follow us on LinkedIn.Forward-Looking StatementsCertain statements in this communication are "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words such as "anticipate," "believe," "confidence," "could," "design," "estimate," "expect," "intend," "may," "plan," "predict," "project," "potential," or other comparable terminology are intended to identify forward-looking statements. 374Water has based these forward-looking statements on its current expectations, assumptions, estimates, beliefs, and projections. While 374Water believes these expectations, assumptions, estimates, and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which involve factors or circumstances that are beyond 374Water's control. These forward-looking statements are subject to risks and uncertainties, including those discussed under "Risk Factors" in 374Water's Form 10-K for the year ended December 31, 2025, and in 374Water's subsequent filings and reports with the SEC. The forward-looking statements herein are made only as of the date they were first issued, and unless otherwise required by laws, 374Water disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.Investor Relations ContactBelton Copp
Vice President
Direct: 401-419-1545
Belton.Copp@374water.com
www.374Water.com374Water Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
March 31, 2026 (Unaudited) and December 31, 2025 374Water Inc. and Subsidiaries
Condensed Consolidated Statements of Operations
For the Three Months Ended March 31, 2026 and 2025
(Unaudited) 374WaterInc. and Subsidiaries
Condensed Consolidated Statements of Cash Flows
For the Three Months Ended March 31, 2026 and 2025
(Unaudited) SOURCE: 374Water Inc.View the original press release on ACCESS NewswireOriginal: 374Water Reports First Quarter 2026 Financial Results; Gross Margins Expands Year-Over-Year as Company Advances Contracted Deployments, Waste Destruction Services Platform, and Strategic Partnerships
US Market News
4週前
374Water's Mobile AirSCWO System Arrives in St. Cloud, MN for Critical PFAS DeploymentMay 12, 2026 8:35 AM
ACCESS NewswireFirst Deployment of Mobile System Validates New Revenue Channel for Company's Waste Destruction Services PlatformMORRISVILLE, NC / ACCESS Newswire / May 12, 2026 / 374Water Inc. (NASDAQ:SCWO) ("374Water" or the "Company"), a leading cleantech and environmental services company deploying supercritical water oxidation technology for the permanent destruction of organic waste through its proprietary AirSCWO™, today announced that its mobile AirSCWO system departed the Company's Orlando, Florida manufacturing and testing facility on May 7, 2026, en route to St. Cloud, Minnesota, and arrived May 11, 2026 for its first deployment.The deployment represents a significant commercial milestone for 374Water, marking the inaugural revenue-generating operation of the mobile AirSCWO system and providing the Company with its first real-world assessment of market demand for additional mobile units.First Deployment: St. Cloud, MinnesotaThe mobile AirSCWO system is being deployed under a $600,000 Waste Destruction Services contract with the City of St. Cloud, in partnership with Barr Engineering, to destroy PFAS-contaminated biosolids and water treatment residuals at the City's Nutrient, Energy, and Water Recovery Facility. Pilot operations are scheduled to run through mid-September 2026, processing undigested and post-thermal hydrolysis digested waste.This engagement also carries significant long-term commercial potential. A successful pilot is expected to support the State of Minnesota's evaluation of AirSCWO for the destruction of PFAS-laden wastes - an outcome the Company believes could generate multiple millions of dollars in revenue, including recurring annual revenue from ongoing operations and services.Mobile AirSCWO: A New Revenue Channel374Water believes its mobile AirSCWO system represents a distinct and scalable revenue opportunity. The system is designed to serve remediation projects, AFFF takeback programs, government facilities, and industrial sites where permanent infrastructure is not preferred or available - markets that are not accessible through the Company's fixed-site Waste Destruction Services model alone.The Company estimates that a single mobile AirSCWO system has the potential to generate between $500,000 and $1.5 million in annual revenue, depending on deployment cadence, waste stream composition, and contract structure. The St. Cloud deployment will serve as a live validation of these economics and of the operational model for future mobile deployments."Watching this mobile AirSCWO system leave our facility for its first commercial deployment is a defining moment for 374Water," said Brad Meyers, Chief Operating Officer. "This deployment is about more than St. Cloud - it's proof that our technology can go where the problem exists. We're demonstrating a new commercial model, and the results of this pilot will inform how we scale mobile capacity to meet what we believe is substantial unmet demand." The mobile AirSCWO system, departing 374Water's manufacturing and commissioning facility in Orlando, FL, is designed for on-site waste destruction with minimal infrastructure.Expanding the Waste Destruction Services PlatformThe mobile AirSCWO system complements 374Water's growing portfolio of fixed-site Waste Destruction Services operations, including the Company's recently announced five-year WDS license with the City of Orlando. Together, the mobile and fixed-site offerings give 374Water a flexible, scalable services platform capable of addressing the full range of customer environments and project types.The Company will provide further updates on the St. Cloud deployment, pilot operations, and the progress of the mobile system program as they become available.About 374Water374Water Inc. (NASDAQ:SCWO) is a cleantech environmental services company providing innovative solutions addressing wastewater treatment and waste management issues within the industrial, municipal, and federal markets. 374Water's AirSCWO technology is designed to efficiently destroy and mineralize a broad spectrum of nonhazardous and hazardous organic wastes, producing safe dischargeable water streams, safe mineral effluent, safe vent gas, and recoverable heat energy. 374Water's AirSCWO technology has the potential to assist its customers to meet discharge requirements, reduce or eliminate disposal costs, remove bottlenecks, and reduce litigation and other risks. 374Water continues to be a leader in innovative waste treatment solutions, dedicated to creating a greener future and eradicating harmful pollutants. Learn more by visiting www.374water.com and follow us on LinkedIn.Forward-Looking StatementsCertain statements in this communication are "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words such as "anticipate," "believe," "confidence," "could," "design," "estimate," "expect," "intend," "may," "plan," "predict," "project," "potential," or other comparable terminology are intended to identify forward-looking statements, including, without limitation, 374Water's expectation a successful pilot will inform the City's evaluation of a permanent AirSCWO installation which 374Water believes could generate multiple millions of dollars in revenue, including recurring annual revenue from ongoing operations and services, 374Water's belief its mobile AirSCWO system represents a distinct and scalable revenue opportunity and 374Water's estimate that a single mobile AirSCWO system has the potential to generate between $500,000 and $1.5 million in annual revenue, depending on deployment cadence, waste stream composition, and contract structure. 374Water has based these forward-looking statements on its current expectations, assumptions, estimates, beliefs, and projections. While 374Water believes these expectations, assumptions, estimates, and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which involve factors or circumstances that are beyond the 374Water's control. These forward-looking statements are subject to risks and uncertainties, including those discussed under "Risk Factors" in 374Water's Form 10-K for the year ended December 31, 2025, and in 374Water's subsequent filings and reports with the SEC. The forward-looking statements herein are made only as of the date they were first issued, and unless otherwise required by laws, 374Water disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.Investor Relations ContactBelton Copp
Vice President
Direct: 401-419-1545
Belton.Copp@374water.com
www.374Water.comSOURCE: 374Water Inc.View the original press release on ACCESS NewswireOriginal: 374Water's Mobile AirSCWO System Arrives in St. Cloud, MN for Critical PFAS Deployment
US Market News
1月前
374Water Destroys Over 99.9% of PFAS 'Forever Chemicals' in U.S. Military Destruction Demonstration ProjectApril 30, 2026 8:35 AM
ACCESS NewswireThird-Party Test Results Presented by ARCADIS Confirm Greater Than 99.9% Destruction and Removal Efficiency for Concentrated PFAS WastesMORRISVILLE, NC / ACCESS Newswire / April 30, 2026 / 374Water Inc. (NASDAQ:SCWO) ("374Water" or the "Company"), a leading cleantech and environmental services company, today announced the public release of U.S. government PFAS destruction test results using AirSCWO™. The results come from 374Water's participation in an official project led by the US government's Defense Innovation Unit ("DIU") and the Environmental Security Technology Certification Program ("ESTCP").AirSCWO Destroys PFAS - PermanentlyUnlike conventional treatment approaches that filter or concentrate PFAS, AirSCWO permanently destroys organic contaminants. Results were evaluated by a third party and presented by Arcadis, a global leader in environmental engineering, which served as the Company's independent project partner."Performing technical demonstrations at scale, such as this DIU project, are essential to build trust within government agencies," said Howard Teicher, the Company's VP, Government. "Watching AirSCWO PFAS-contaminated waste streams, in some cases to a NON-DETECT or single-parts per trillion level, affirms that this technology is ready for operational use."AirSCWO was evaluated with six distinct PFAS-contaminated waste streams and met or exceeded every key performance objective. Results were evaluated by a third party and presented by Arcadis, a global leader in environmental engineering, which served as the Company's independent project partner. These wastes are the types of concentrated, hard-to-treat waste streams generated at military bases, industrial facilities, and municipal water systems nationwide. The independently validated results demonstrate that AirSCWO achieved greater than 99.9% destruction and removal efficiency ("DRE") across all four highly concentrated PFAS liquid waste streams, and greater than 90% DRE for solid waste streams:Allonnia SAFF40 Foam Fractionate - Total PFAS DRE of 99.9998%, with effluent concentrations at or below method detection limits across all primary analytesCyclopure DEXSORB Media Regenerant Still Bottoms - Aggregate PFAS DRE of 99.95%, exceeding 99.99% for PFOS, PFOA, PFHxS, and 6:2 FTSECT2 SORBIX RePURE IX Regenerant Still Bottoms - Aggregate PFAS DRE of 99.996%AFFF (Aqueous Film Forming Foam; C8 & C6 Blend) - Aggregate PFAS DRE of 99.997%, exceeding 99.999% for PFOS, PFOA, and 6:2 FTSSpent AIX/GAC Mixture - Over 97.5% aggregate PFAS DRE, exceeding 99.5% for PFOS and PFOASpent GAC - Aggregate PFAS DRE greater than 90%, exceeding 99.9% for PFOS and PFOAAll testing followed EPA Method 1633 for liquid-phase PFAS analysis, with supplemental air emissions monitoring conducted via multiple validated federal methods. Critically, hydrogen fluoride stack emissions were non-detectable across all six tests - confirming that AirSCWO fully mineralizes these highly recalcitrant fluorinated organic compounds with no hazardous air emissions."These results represent a defining moment for AirSCWO and for the PFAS destruction market as a whole," said Dr. Raj Melkote, Chief Technology Officer for 374Water Inc. "What Arcadis and Clean Earth helped us demonstrate is not just that AirSCWO works - it's that it works across the hardest waste streams, under the most rigorous federal protocols, with third-party analytical data that leaves no room for ambiguity. That we can reduce 75,000,000 nanograms per liter of PFOS in firefighting foam down to less than 120 parts per trillion (less than the reporting limit) is not a theoretical laboratory result. It represents full-scale performance, independently verified, with real-world scenarios and at the exact conditions the market demands. We expect to see the industry respond strongly to this data."A Large and Growing Market OpportunityThe PFAS problem spans virtually every segment of the water and waste management industry from military installations remediating impacted soil and groundwater, to municipal utilities facing costly biosolids disposal constraints, to landfill operators handling billions of gallons of PFAS-laden leachate each year. Regulatory pressure to move beyond conventional approaches toward permanent destruction solutions is accelerating rapidly, driven by tightening federal and state discharge limits, liability uncertainty and public health concerns.Importantly, conventional technologies don't destroy PFAS - they concentrate it, creating a residual waste problem that still needs to be solved. AirSCWO is the final step in that treatment chain: receiving the concentrated PFAS residuals that other technologies produce and permanently destroying them and thus eliminating all long-term risks associated with these wastes.The full results were publicly presented at the Northeast Waste Management Officials Association ("NEWMOA") Science of PFAS Conference on April 16, 2026, by Baxter Miatke, PE, PFAS Treatment Technology Lead at Arcadis, and Lauren March, PE, PFAS Destruction Subject Matter Expert at Arcadis.374Water will be sharing these results and discussing SCWO applications at its upcoming conference appearances.About 374Water
374Water Inc. (NASDAQ:SCWO) is a leading cleantech and environmental services company developing supercritical water oxidation technology for the destruction of organic waste streams within the industrial, municipal, and federal markets. 374Water's AirSCWO™ technology is designed to efficiently destroy and mineralize a broad spectrum of nonhazardous and hazardous organic wastes, producing safe dischargeable water streams, safe mineral effluent, safe vent gas, and recoverable heat energy. 374Water's AirSCWO technology has the potential to assist its customers to meet discharge requirements, reduce or eliminate disposal costs, remove bottlenecks, and reduce litigation and other risks. 374Water continues to be a leader in innovative waste treatment solutions, dedicated to creating a greener future and eradicating harmful pollutants. Learn more by visiting www.374water.com and follow us on LinkedIn.Forward-Looking Statements
Certain statements in this communication are "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words such as "anticipate," "believe," "confidence," "could," "design," "estimate," "expect," "intend," "may," "plan," "predict," "project," "potential," or other comparable terminology are intended to identify forward-looking statements. 374Water has based these forward-looking statements on its current expectations, assumptions, estimates, beliefs, and projections. While 374Water believes these expectations, assumptions, estimates, and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which involve factors or circumstances that are beyond 374Water's control. These forward-looking statements are subject to risks and uncertainties, including those discussed under "Risk Factors" in 374Water's Form 10-K for the year ended December 31, 2025, and in 374Water's subsequent filings and reports with the SEC. The forward-looking statements herein are made only as of the date they were first issued, and unless otherwise required by laws, 374Water disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.Investor Relations Contact
Belton Copp
Vice President
Direct: 401-419-1545
Belton.Copp@374water.com
www.374Water.comSOURCE: 374Water, Inc.View the original press release on ACCESS NewswireOriginal: 374Water Destroys Over 99.9% of PFAS 'Forever Chemicals' in U.S. Military Destruction Demonstration Project
US Market News
2月前
374Water Releases First Investor Presentation Under New Leadership TeamApril 16, 2026 8:35 AM
ACCESS NewswireSignificant Market Potential, Focused Execution, and Strategic Capital Management Anchor the Company's OutlookMORRISVILLE, NC / ACCESS Newswire / April 16, 2026 / 374Water Inc. (NASDAQ:SCWO) ("374Water" or the "Company"), a leading cleantech and environmental services company developing supercritical water oxidation technology for the destruction of organic waste streams, today released its newest Investor Presentation as it continues to expand its Waste Destruction Services facility in Orlando, FL, scale operations, and construct additional AirSCWO Systems.The updated presentation is available on the Company's Home page at 374Water.com, and on the Investor Relations page. "This is a turning point for 374Water, and this updated presentation reflects the meaningful progress 374Water has made across our commercial, operational, strategic and organizational priorities," said Danny Bogar, Chief Executive Officer of 374Water."We are actively serving customers, scaling our Waste Destruction Services operations, and advancing deployments with forward-thinking municipal partners. We believe the AirSCWO platform addresses one of the most urgent environmental challenges of our time - the permanent destruction of PFAS and other hazardous organic waste - and believe we are well-positioned to capture the significant market opportunity ahead."The presentation includes updates across several key areas:AirSCWO Technology:374Water's AirSCWO proprietary and defensible destruction platform offers what most technologies can't achieve. With destruction efficiencies often exceeding >99.99%, AirSCWO offers true destruction - not removal or concentration of PFAS and other harmful organic pollutants.Markets:The significant demand for organics destruction technology including AirSCWO is generated from three major sectors, municipal, federal, and industrial. 374Water has strong anchor partnerships within each sector as we respond to customer demand. The global addressable market exceeds $450B+ as liabilities related to PFAS mount, alternatives for handling biosolids are limited, regulation prioritizes human health, and existing technologies fall short of destruction. Technology & Services:374Water plans to offer Waste Destruction Services ("WDS") and Integrated Destruction Operations ("IDO") to customers across market verticals.374Water partners with renowned waste management companies, municipalities and treatment, storage, and disposal facilities ("TSDFs") to offer turn-key collection and destruction services for various waste types. Spent granulated activated carbon ("GAC") and ion exchange resin ("IX"), foam fractionate, and aqueous film forming foam ("AFFF") can be received, stored, and destroyed at our WDS hubs. The Company accommodates customers' needs by offering processing of waste and certificates of destruction with full analysis services and results. The mobile AirSCWO system can be deployed on-site for wastes that are highly sensitive or cannot be transported, where volumes are limited, or where infrastructure does not support on-going operations.Where waste streams are continuously generated, such as wastewater treatment plants or industrial facilities, 374Water will deploy and operate modular, scalable systems to meet the demand. 374Water has partnered with multiple facilities across the United States to refine and scale AirSCWO systems for specific applications, develop facilities integration and operations, and deliver the value and benefit of integrated AirSCWO technology.Strategic Partnerships:374Water leverages the abilities of AirSCWO through strategic partnerships to increase our market reach and offer markets complete solutions from collection through destruction. The Company has engaged with several prominent contractors with the U.S. Department of Defense, as well as others such as Crystal Clean and Clean Earth to accelerate the pace of exposure, adoption, and growth.Global water and wastewater technology companies, infrastructure companies, as well as global design and engineering firms, are witnessing the same market demands and trends. As they pivot to stay atop the market, they are looking to advance technologies such as AirSCWO that provide a solution that destroys wastes and liabilities.Leadership:The Company appointed Daniel Bogar as President and Chief Executive Officer in February 2026, and added three experienced independent directors to its Board of Directors - Steve McKnight, Brad Freels, and Chuck Weiser who joined Jim Pawloski and Marc Deshusses - strengthening governance and strategic oversight. Rick Davis, a former Board of Director, also recently rejoined as a member of the Board of Directors and brings extensive capital markets knowledge.The new leadership team prioritizes the efficient use of capital as it executes on its strategic objectives such as delivering revenue-generating contracts, scaling WDS operations in Orlando, and raising additional capital for scale the organization and build additional AirSCWO systems.About 374Water374Water Inc. (NASDAQ: SCWO) is a cleantech environmental services company providing innovative solutions addressing wastewater treatment and waste management issues within the industrial, municipal, and federal markets. 374Water's AirSCWO technology is designed to efficiently destroy and mineralize a broad spectrum of nonhazardous and hazardous organic wastes, producing safe dischargeable water streams, safe mineral effluent, safe vent gas, and recoverable heat energy. 374Water's AirSCWO technology has the potential to assist its customers to meet discharge requirements, reduce or eliminate disposal costs, remove bottlenecks, and reduce litigation and other risks. 374Water continues to be a leader in innovative waste treatment solutions, dedicated to creating a greener future and eradicating harmful pollutants. Learn more by visiting www.374water.com and follow us on LinkedIn.Forward-Looking StatementsCertain statements in this communication are "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words such as "anticipate," "believe," "confidence," "could," "design," "estimate," "expect," "intend," "may," "plan," "predict," "project," "potential," or other comparable terminology are intended to identify forward-looking statements. These statements include, without limitation, 374Water's belief the AirSCWO platform addresses one of the most urgent environmental challenges of our time, 374Water's belief we are well-positioned to capture the significant market opportunity ahead, 374Water's plan to offer Waste Destruction Services and Integrated Destruction Operations to customers across market verticals and 374Water will deploy and operate modular, scalable systems to meet the demand of wastewater treatment plants or industrial facilities. 374Water has based these forward-looking statements on its current expectations, assumptions, estimates, beliefs, and projections. While 374Water believes these expectations, assumptions, estimates, and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which involve factors or circumstances that are beyond the 374Water's control. These forward-looking statements are subject to risks and uncertainties, including those discussed under "Risk Factors" in 374Water's Form 10-K for the year ended December 31, 2025, and in 374Water's subsequent filings and reports with the SEC. The forward-looking statements herein are made only as of the date they were first issued, and unless otherwise required by laws, 374Water disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.Investor Relations ContactBelton Copp
Vice President
Direct: 401-419-1545
Belton.Copp@374water.com
www.374Water.comSOURCE: 374Water Inc.View the original press release on ACCESS NewswireOriginal: 374Water Releases First Investor Presentation Under New Leadership Team
US Market News
2月前
374Water Reports Full Year 2025 ResultsMarch 31, 2026 4:35 PM
ACCESS NewswireProvides Business Update Highlighting New Leadership, Execution Strategy, and Capital ManagementMORRISVILLE, NC / ACCESS Newswire / March 31, 2026 / 374Water Inc. (NASDAQ:SCWO) ("374Water" or the "Company"), a cleantech environmental services company focused on the destruction of organic waste through its proprietary AirSCWO™ technology, today reported financial results for the full year ended December 31, 2025, and provided a comprehensive business update under recently appointed Chief Executive Officer, Danny Bogar."We are in a new chapter for 374Water," said Danny Bogar, 374Water's Chief Executive Officer. "We have focused the Company on clear operating principles: execute with discipline, allocate capital to high-impact initiatives, and deliver measurable results.""Since I've stepped into the CEO role, our management team has taken actions to reduce costs, align our team, and sharpen our focus on what matters most - advancing our AirSCWO™ technology by continuing to improve throughput, durability, automation, and scalability in collaboration with our development partners; deploying our systems; generating revenue; and building long-term shareholder value.""In mid-March, we held a multi-day executive strategy session at our Orlando, FL waste destruction facility, where our team reviewed progress and aligned on execution priorities. We continue to build out our presence at the Orlando Iron Bridge Regional Water Reclamation Facility as a key operational hub for the Company where potential clients and partners from around the world can see our technology and product roadmap, understand our capabilities today and our plans for growth, and collaborate on new ways to deliver AirSCWO to the markets that need it most.""During this session, our R&D team presented preliminary 3D designs of our larger AirSCWO systems that we are advancing with multiple client partners. This work reflects our continued focus on scaling the platform to meet growing customer demand and to achieve higher throughput and better cost efficiency. As we continue to execute, strengthen our operational foundation, and advance our commercial efforts, we believe our technology and business model will generate significant value for customers, partners, and shareholders."2025 and Recent Business Highlights and ProgressDeployed an AirSCWO system and team to Clean Earth's Detroit, MI facility for a six-week Department of Defense destruction demonstration of six PFAS-impacted waste streams, led by the Defense Innovation Unit ("DIU") in collaboration with the Environmental Security Technology Certification Program ("ESTCP").Deployed the mobile AirSCWO lab to Peterson Space Force Base in Colorado and tested various PFAS waste streams, also in collaboration with ESTCP.Commenced destruction of 1,000 gallons of Aqueous Film Forming Foam ("AFFF") under a contract awarded by the University of North Carolina at Chapel Hill Collaboratory.Executed a collaboration agreement with Crystal Clean to locate 374Water's AirSCWO technology at one of its RCRA-permitted facilities to destroy various PFAS waste streams.Completed a biosolids destruction campaign for the City of Orlando, FL at the Iron Bridge Water Reclamation Facility.Signed an agreement with the City of Olathe, KS for the sale of an AirSCWO system and pre-treatment equipment with an associated service agreement for the treatment of PFAS-impacted wastewater and other waste streams.Established Waste Destruction Services ("WDS") hub at the City of Orlando's Iron Bridge Water Reclamation Facility for the destruction of PFAS wastes including AFFF, GAC & IX, and foam fractionate.Technology Validation and Continuous Improvement"Over the past several years, we have remained committed to continuous improvement. The systems being deployed today reflect not where we started, but where we believe we are going - more efficient, more scalable, and more commercially viable," Bogar shared."We believe our technology delivers and performs at an impressive level both in terms of throughput, feedstock versatility, and destruction efficiency. Every system incorporates years of experience, testing, and validation. Our partners and customers demand excellence - and we aim to deliver."Commercial Momentum and Market Opportunity374Water has strong demand for its AirSCWO technology in numerous applications:PFAS destructionBiosolids managementIndustrial waste streamsEmerging contaminants and environmental liabilities"The world has a massive and ever-growing waste problem - and increasingly, stakeholders are demanding true destruction, not disposal, because of growing liabilities. Destruction is the right thing to do for society," said Bogar.Strategic Priorities for 2026Deploy our team to Orange County Sanitation District ("OC San") in Fountain Valley, CA with the most advanced and high-performing generation of AirSCWO.Build out our WDS hub at the City of Orlando's Iron Bridge Water Reclamation Facility and begin to receive and destroy significant volumes of PFAS wastes.Deploy the mobile AirSCWO system to St. Cloud, MN to demonstrate its effectiveness in destroying PFAS-laden biosolids and other PFAS wastes.Design and scale our AirSCWO systems to handle higher volumes of slurries and liquid wastes.Engage with strategic partners, including industrial and infrastructure organizations to accelerate deployment of our AirSCWO technology across targeted verticals, value-added applications, and defined geographic markets.Capital Strategy and Shareholder Alignment"As we move forward, one of our highest priorities is aligning our capital strategy with the long-term interests of our shareholders," said Bogar."We believe 374Water represents a differentiated and highly valuable solution to some of the world's most pressing environmental challenges. Our focus is ensuring that this value is reflected in how we operate, how we execute, and how we finance the business. Moreover, we are taking a more disciplined and strategic approach to our capital allocation.""We are committed to pursuing capital solutions that support long-term value creation and avoid unnecessary dilution wherever possible. This includes aligning capital formation with clear operational milestones, commercial traction, strategic relationships, and execution."2025 Financial SummaryFor the year ended December 31, 2025, revenue totaled $0.2 million, compared to $0.4 million in the prior year. The $0.2 million decrease in revenue is primarily due to a decrease in equipment revenue of $1.9 million offset by an increase in service revenues of approximately $1.7 million. The increase in service revenue is from the completion of two full-scale demonstrations, a mobile bench-scale demonstration, and one month of demonstration and wastewater processing under our City of Orlando contract. The decrease in equipment revenues is due to a change in accounting estimate associated with our contract with OC San. Due to the unexpected delays that we have encountered in delivering the equipment, we reassessed the variable consideration at December 31, 2025 included in this contract. The changes in facts and circumstances resulted in the reduction of unbilled accounts receivable and a reduction in equipment revenue of approximately $1.9 million.Total operating expenses increased 58% to $18.8 million for the year ended December 31, 2025, compared to $11.9 million for the prior year. The increase was primarily due to increases in compensation and related expenses of $3.5 million (driven by headcount growth and stock-based compensation of $1.8 million), general and administrative expenses of $2.4 million, professional fees of $0.6 million, and research and development expenses of $0.4 million.Net loss for the year ended December 31, 2025, was $21.0 million, as compared with $12.4 million in the prior year. The increase in net loss was driven by the reasons discussed above.Cash and cash equivalents as of December 31, 2025, were $3.2 million, compared to $10.7 million as of December 31, 2024. Working capital as of December 31, 2025 was $1.7 million, compared to $11.8 million as of December 31, 2024.Looking Ahead"We are working to build a company that delivers - safely, consistently, transparently, and with urgency," said Bogar."We expect that as we continue to execute, strengthen our balance sheet, align with strategic partners, and bring potential customers to our hub in Orlando, the market will recognize the value of 374Water.""We believe the opportunity in front of us is significant. Our job now is to execute."About 374Water374Water Inc. (NASDAQ:SCWO) is a cleantech environmental services company providing innovative solutions addressing wastewater treatment and waste management issues within the industrial, municipal, and federal markets. 374Water's AirSCWO technology is designed to efficiently destroy and mineralize a broad spectrum of nonhazardous and hazardous organic wastes, producing safe dischargeable water streams, safe mineral effluent, safe vent gas, and recoverable heat energy. 374Water's AirSCWO technology has the potential to assist its customers to meet discharge requirements, reduce or eliminate disposal costs, remove bottlenecks, and reduce litigation and other risks. 374Water continues to be a leader in innovative waste treatment solutions, dedicated to creating a greener future and eradicating harmful pollutants. Learn more by visiting www.374water.com and follow us on LinkedIn.Forward-Looking StatementsCertain statements in this communication are "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words such as "aim," "anticipate," "believe," "confidence," "continue," "could," "design," "estimate," "expect," "intend," "may," "plan," "predict," "project," "potential," "will," or other comparable terminology are intended to identify forward-looking statements. 374Water has based these forward-looking statements on its current expectations, assumptions, estimates, beliefs, and projections. These statements include, without limitation, (i) 374Water advancing our AirSCWO™ technology by continuing to improve throughput, durability, automation, and scalability in collaboration with our development partners; deploying our systems; generating revenue; and building long-term shareholder value, (ii) 374Water's continued focus on scaling its AirSCWO platform to meet growing customer demand and to achieve higher throughput and better cost efficiency, (iii) 374Water's belief our technology and business model will generate significant value for customers, partners, and shareholders, (iv) 374Water's belief our AirSCWO systems are becoming more efficient, more scalable, and more commercially viable, (v) 374Water's belief our technology delivers and performs at an impressive level both in terms of throughput, feedstock versatility, and destruction efficiency, (vi) 374Water's aim to deliver the excellence our partners and customers demand, (vii) 374Water's belief we represent a differentiated and highly valuable solution to some of the world's most pressing environmental challenges, (viii) 374Water's expectation that as we continue to execute, strengthen our balance sheet, align with strategic partners, and brings potential customers to our hub in Orlando, the market will recognize the value of 374Water and (ix) 374Water's belief the opportunity in front of it is significant. While 374Water believes these expectations, assumptions, estimates, and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which involve factors or circumstances that are beyond the 374Water's control. These forward-looking statements are subject to risks and uncertainties, including those discussed under "Risk Factors" in 374Water's Form 10-K for the year ended December 31, 2025, and in 374Water's subsequent filings and reports with the SEC. The forward-looking statements herein are made only as of the date they were first issued, and unless otherwise required by laws, 374Water disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.Investor Relations ContactBelton Copp
Vice President
Direct: 401-419-1545
Belton.Copp@374water.com
www.374Water.com374 Water Inc. and Subsidiaries
Consolidated Balance Sheets
As of December 31, 2025 and, 2024 December 31,2025 December 31,2024 Assets Current Assets: Cash and cash equivalents $3,198,682 $10,651,644 Accounts receivable, net of credit allowance 668,903 269,733 Other accounts receivable 26,577 43,886 Unbilled accounts receivable - 1,653,007 Inventory, net 1,471,893 1,701,474 Contract assets 91,100 136,651 Prepaid expenses 395,807 431,412 Total Current Assets 5,852,962 14,887,807 Property and equipment, net 3,835,318 2,567,571 Intangible asset, net 943,224 1,016,594 Right-of-use asset, net 571,741 691,014 Other assets 202,103 20,847 Total Long-Term Assets 5,552,386 4,296,026 Total Assets $11,405,348 $19,183,833 Liabilities and Stockholders' Equity Current Liabilities: Accounts payable and accrued expenses $1,250,285 $906,394 Accrued bonuses 80,000 570,000 Accrued contract loss provision 1,600,000 1,000,000 Accrued legal settlement - 335,000 Unearned revenue 312,905 197,683 Note payable 8,270 - Secured promissory note 630,000 - Financing liability 159,342 - Operating lease liabilities 119,693 101,320 Other liabilities 23,384 17,279 Total Current Liabilities 4,183,879 3,127,676 Unearned revenue, less current portion 30,000 30,000 Note payable, less current portion 34,879 - Operating lease liabilities, less current portion 431,683 551,376 Total Long-term Liabilities 496,562 581,376 Total Liabilities 4,680,441 3,709,052 Stockholders' Equity Preferred Stock: 50,000,000; 1,000,000 Designated as Convertible Series D preferred shares authorized; par value $0.0001 per share, nil issued and outstanding at December 31, 2025 and 2024, respectively. - - Common stock: 1,000,000,000 common shares authorized, par value $0.0001 per share, 17,143,771 and 14,130,198 shares outstanding at December 31, 2025 and 2024, respectively. 1,715 1,444 Additional paid-in capital 56,657,319 43,858,484 Accumulated deficit (49,936,598) (28,387,618)Accumulated other income 2,471 2,471 Total Stockholders' Equity 6,724,907 15,474,781 Total Liabilities & Stockholders' Equity $11,405,348 $19,183,833 The accompanying notes are an integral part of these consolidated financial statements.(i)Adjusted for the effect of a 10:1 reverse stock split that was effective December 26, 2025 (see Note 1).374 Water Inc. and Subsidiaries
Consolidated Statements of Operations
For the Years Ended December 31, 2025 and 2024 2025 2024 Revenues $215,037 445,445 Cost of revenues (2,566,421) (1,358,152)Gross Margin (2,351,384) (912,707) Operating Expenses Research and development 2,524,519 2,143,471 Compensation and related expenses 8,262,188 4,731,553 Professional fees 2,801,024 2,231,005 General and administrative 5,207,949 2,784,522 Total Operating Expenses 18,795,680 11,890,551 Loss from Operations (21,147,064) (12,803,258) Other Income (Expenses) Interest income 194,174 281,117 Interest expense (41,211) - Other income 19,049 88,027 Total Other Income, net 172,012 369,144 Net Loss before Income Taxes (20,975,052) (12,434,114)Provision for Income Taxes - - Net Loss $(20,975,052) $(12,434,114) Net Loss per Share - Basic and Diluted $(1.38) $(0.92) Weighted Average Common Shares Outstanding - Basic and Diluted 15,231,134 13,449,135 (ii)Adjusted for the effect of a 10:1 reverse stock split that was effective December 26, 2025 (see Note 1).374 Water Inc. and Subsidiaries
Consolidated Statements of Cash Flows
For the Years Ended December 31, 2025 and 2024 2025 2024 CASH FLOWS FROM OPERATING ACTIVITIES Net loss $(20,975,052) $(12,434,114)Adjustments to reconcile net loss to net cash used in operating activities Depreciation and amortization 752,026 226,039 Non-cash lease expense 119,273 35,450 Issuance of common stock for services 290,872 383,879 Stock-based compensation 3,546,646 1,215,624 Gain on legal settlement - (22,303)Accrued interest added to secured promissory note 30,000 - Inventory reserve - 50,000 Changes in operating assets and liabilities: Accounts receivable (399,170) (204,941)Other accounts receivable 17,309 (4,137)Unbilled accounts receivable 1,653,007 (158,454)Inventory 229,581 (1,294,081)Contract assets 45,551 (136,651)Prepaid expenses 301,110 149,673 Other assets (181,256) (20,847)Accounts payable and accrued expenses 448,891 215,721 Accrued bonuses (490,000) 570,000 Accrued contract loss provision 600,000 500,000 Accrued legal settlement (335,000) 335,000 Unearned Revenue 115,222 97,683 Other Liabilities 6,105 (19,508)Operating lease liability (101,320) (73,768) (14,326,205) (10,589,735)CASH FLOWS FROM INVESTING ACTIVITIES Purchases of property and equipment (1,898,212) (554,942)Increase in intangible assets - (98,602)Net cash used in investing activities (1,898,212) (653,544) CASH FLOWS FROM FINANCING ACTIVITIES Repayments on note payable (5,042) - Repayments on financing liability (106,163) - Proceeds from secured promissory note 600,000 - Proceeds from the exercise of options 24,000 60,000 Gross proceeds from the issuance of common stock 9,312,840 12,291,775 Issuance costs related to sales of common stock (404,200) (902,256)Warrant repurchase (649,980) - Net cash provided by financing activities 8,771,455 11,449,519 Net (decrease) increase in cash (7,452,962) 206,240 Cash and cash equivalents, beginning of year 10,651,644 10,445,404 Cash and cash equivalents, end of year $3,198,682 $10,651,644 Supplemental cash flow disclosures Cash paid for interest $- $- Cash paid for taxes $- $- Supplemental disclosure operating, investing and financing activities Cashless stock option exercises $11 $100 Equipment purchase in accounts payable $- $118,376 Initial right-of-use asset and liability $- $726,464 Reclassification of inventory to property and equipment $- $1,819,284 Issuance of restricted common stock $20 $- Equipment financed with a note payable $48,191 $- Accrued expense settled with shares of common stock $105,000 $- Prepaid insurance financed $265,505 $- Deemed dividend on warrant modification $573,928 $- SOURCE: 374Water Inc.View the original press release on ACCESS NewswireOriginal: 374Water Reports Full Year 2025 Results
US Market News
3月前
374Water Readies Mobile AirSCWO(TM) System for Deployment to St. Cloud, MinnesotaMarch 19, 2026 8:30 AM
ACCESS NewswireHighly Mobile, Rapid Deployment System Expands 374Water's Waste Destruction Services PlatformMORRISVILLE, NC / ACCESS Newswire / March 19, 2026 / 374Water Inc. (NASDAQ:SCWO) ("374Water" or the "Company"), a leading cleantech and environmental services company developing supercritical water oxidation technology for the destruction of organic waste streams, today announced that the new mobile AirSCWO system is advancing toward deployment to St. Cloud, MN, with final preparations underway. The mobile system represents a significant expansion of the Company's Waste Destruction Services ("WDS") platform, enabling rapid on-site deployment across a broad range of customer environments and waste streams.The mobile AirSCWO ("AS") system is designed for maximum operational flexibility, capable of processing both liquid and slurry waste streams and deployable directly to customer sites, remediation projects, and government facilities.Mobile AS system final design rendering Upon deployment the Company expects the system will be mobilized to St. Cloud, Minnesota, where it will destroy PFAS-contaminated waste streams. "The completion of our mobile AirSCWO system marks an important evolution in how we bring our technology to market," said Brad Meyers, Chief Operating Officer of 374Water. "Rather than requiring customers to come to us, this system goes to them -with the full destructive power of AirSCWO."Mobile AirSCWO System CapabilitiesThe new mobile AirSCWO system has been purpose-built to extend the reach of 374Water's proven destruction technology into environments where fixed infrastructure is not available or practical. Key capabilities include:Highly mobile design - engineered for rapid transport and on-site setup with minimal lead timeRapid deployment - capable of commencing waste destruction operations quickly upon arrival at a customer siteBroad waste stream compatibility - designed to process both liquid and slurry wastes, including PFAS-contaminated biosolids, AFFF, and other organic waste streamsOn-site remediation - eliminates the need to transport hazardous waste off-site, reducing cost, liability, and logistical complexityProven AirSCWO technology - leveraging the same supercritical water oxidation platform that has demonstrated >99.95% PFAS destruction in prior deploymentsMobile AS system undergoing commissioning in 374Water's manufacturing and operations facility in Orlando, FL First Deployment: St. Cloud, Minnesota
As previously announced in December 2025, 374Water was awarded a Waste Destruction Services project to eliminate PFAS in biosolids and water treatment residuals for the City of St. Cloud in partnership with Barr Engineering.The Company expects the mobile AirSCWO system will be delivered to the City of St. Cloud's Nutrient, Energy, and Water Recovery Facility ("NEW RF") in April 2026, with pilot operations scheduled to run through mid-September 2026. The system will process undigested and post-thermal hydrolysis digested biosolids as well as spent granular activated carbon ("GAC"), providing a comprehensive evaluation of PFAS destruction efficiency across multiple waste types.Expanding the WDS Platform
The mobile AirSCWO system is a strategic addition to 374Water's growing Waste Destruction Services platform, which the Company formally launched in 2025 to address accelerating demand for scalable, permanent PFAS destruction. The mobile offering complements 374Water's fixed-site WDS sites- including its recently announced five-year Waste Destruction Services license with the City of Orlando - by providing a deployment model suited to remediation projects, pilot programs, where transportation poses additional risks, and markets where a permanent fixed installation is not preferred.The Company believes mobile deployment capability opens a significant addressable market, particularly in PFAS remediation, AFFF takeback programs, and industrial site cleanups where on-site destruction is preferable to waste transport.About 374Water
374Water Inc. (NASDAQ:SCWO) is a global industrial technology and services company providing innovative solutions addressing wastewater treatment and waste management issues within the industrial, municipal, and federal markets. 374Water's AirSCWO™ technology is designed to efficiently destroy and mineralize a broad spectrum of nonhazardous and hazardous organic wastes, producing safe dischargeable water streams, safe mineral effluent, safe vent gas, and recoverable heat energy. 374Water's AirSCWO™ technology has the potential to assist its customers to meet discharge requirements, reduce or eliminate disposal costs, remove bottlenecks, and reduce litigation and other risks. 374Water continues to be a leader in innovative waste treatment solutions, dedicated to creating a greener future and eradicating harmful pollutants. Learn more by visiting www.374water.com and follow us on LinkedIn.Forward-Looking Statements
Certain statements in this communication are "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words such as "anticipate," "believe," "confidence," "could," "design," "estimate," "expect," "intend," "may," "plan," "predict," "project," "potential," or other comparable terminology are intended to identify forward-looking statements. These statements include 374Water's expectation the mobile AirSCWO system will destroy PFAS-contaminated waste streams upon deployment to St. Cloud, 374Water's expectation the mobile AirSCWO system will be delivered to the City of St. Cloud's Nutrient, Energy, and Water Recovery Facility in April 2026 with pilot operations scheduled to run through mid-September 2026, 374Water's belief the mobile AirSCWO system will process undigested and post-thermal hydrolysis digested biosolids as well as spent granular activated carbon ("GAC") and provide a comprehensive evaluation of PFAS destruction efficiency across multiple waste types and 374Water's belief mobile deployment capability opens a significant addressable market, particularly in PFAS remediation, AFFF takeback programs, and industrial site cleanups where on-site destruction is preferable to waste transport. 374Water has based these forward-looking statements on its current expectations, assumptions, estimates, beliefs, and projections. While 374Water believes these expectations, assumptions, estimates, and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which involve factors or circumstances that are beyond 374Water's control. These forward-looking statements are subject to risks and uncertainties, including those discussed under "Risk Factors" in 374Water's Form 10-Q for the quarter ended September 30, 2025, and in 374Water's subsequent filings and reports with the SEC. The forward-looking statements herein are made only as of the date they were first issued, and unless otherwise required by laws, 374Water disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.Investor Relations Contact
Belton Copp
Vice President
Direct: 401-419-1545
Belton.Copp@374water.com
www.374Water.comSOURCE: 374Water Inc.View the original press release on ACCESS NewswireOriginal: 374Water Readies Mobile AirSCWO(TM) System for Deployment to St. Cloud, Minnesota
US Market News
3月前
374Water Strengthens Board of Directors and Announces Appointment of New Chief Executive OfficerFebruary 24, 2026 8:31 AM
ACCESS NewswireThree Highly Seasoned Business Leaders Added to Board to Drive Next Phase of Growth, Corporate Development Executive to Lead BusinessMORRISVILLE, NC / ACCESS Newswire / February 24, 2026 / 374Water Inc. (NASDAQ:SCWO) ("374Water" or the "Company"), a leading cleantech and services company developing supercritical water oxidation technology for the destruction of organic waste streams, today announced comprehensive leadership changes within the executive team and Board of Directors. These moves were implemented to enhance operating pace, accelerate critical milestones, and to position the Company for scalable commercial deployment in 2026 and beyond.Following extensive engagement with shareholders, the Company is aligning leadership, capital allocation, and organizational structure around execution, measurable objectives, and value creation. To oversee these changes, the Board of Directors has appointed long-time seasoned senior member of the existing leadership team, Daniel (Danny) Bogar, as President and Chief Executive Officer.In recent months, the Company has engaged in conversations with investors, including a group of long-term shareholders who filed a Schedule 13D, regarding strategic direction and execution priorities for the organization. These discussions have led to the appointment of new members of the Board of Directors, bringing a broad range of skills as entrepreneurs, operators, investors, and infrastructure developers:Brad Freels - Chairman and CEO of Midway, infrastructure developer and industrial growth strategistCharles (Chuck) Weiser - Veteran company executive, CPA, and governance leaderStephen McKnight - Real estate investor and operating executiveFreels, Weiser, and McKnight join existing directors Jim Pawloski and Marc Deshusses, forming a Board aligned around scaling deployment of the Company's AirSCWO platform.Mr. Bogar brings more than 20 years of executive leadership experience spanning finance, strategic business development, and international operations to the role. Prior to joining the Company, Mr. Bogar most recently served as the President and Chief Operating Officer of PowerVerde Inc., where he was a key part of the merger between PowerVerde and 374Water that was concluded in April 2021. Mr. Bogar helped develop the merger thesis for the business combination, raised capital, and negotiated the transaction. Following the merger, he has overseen Corporate Development and helped drive the Company's global commercialization strategy, working with business and government stakeholders to advance sustainable waste destruction services.Prior to PowerVerde, Mr. Bogar served as President and CEO of American Green Technology, President and CEO of Stanford Group Company's broker-dealer, and President of the Americas at CellStar Corporation. Mr. Bogar holds a Master of Business Administration in Finance from the University of St. Thomas (TX) and a Bachelor of Business Administration in Marketing from Stephen F. Austin State University. He also previously served as an Adjunct Professor at Texas State University, teaching organizational management and leadership.Interim Chief Executive Officer Stephen Jones commented, "My role was to stabilize the Company and focus the management team on execution - and that work is complete. I believe the opportunity in front of 374Water is significant and requires decisive leadership and deep institutional knowledge which Mr. Bogar provides. I expect to work with Mr. Bogar to ensure a smooth transition.""We are pleased to welcome Mr. Bogar as CEO of 374Water," said the Board of Directors in a joint statement. "Our focus is matching execution with well-structured capital that strengthens the Company as it grows. We believe the opportunity ahead requires not only operational progress, but also financial discipline. Mr. Bogar's operating background, global relationships, and commitment to AirSCWO position him to lead 374Water into its next phase of commercialization and growth. We would also like to thank Stephen Jones for his stewardship and leadership during his tenure as Interim President and CEO and wish him well."374Water shareholder engagement and involvement extends beyond governance. The Board is actively engaged in supporting additional capital formation to fund deployments and commercial expansion over the coming months. The objective is to align financing capacity with project development and position 374Water as a commercial-scale waste destruction solution provider.With aligned leadership and Board oversight, 374Water intends to enter a phase focused on deployments, partnerships, and operational execution. "The mission remains unchanged - we intend to destroy the world's toughest waste streams safely and permanently" said CEO Daniel Bogar. "I am excited to have this opportunity to continue to support the team in this new role."About 374Water374Water Inc. (NASDAQ: SCWO) is a global industrial technology and services company providing innovative solutions addressing wastewater treatment and waste management issues within the industrial, municipal, and federal markets. 374Water's AirSCWO technology is designed to efficiently destroy and mineralize a broad spectrum of non-hazardous and hazardous organic wastes, producing safe dischargeable water streams, safe mineral effluent, safe vent gas, and recoverable heat energy. 374Water's AirSCWO technology has the potential to assist its customers to meet discharge requirements, reduce or eliminate disposal costs, remove bottlenecks, and reduce litigation and other risks. 374Water continues to be a leader in innovative waste treatment solutions, dedicated to creating a greener future and eradicating harmful pollutants. Learn more by visiting www.374water.com and follow us on LinkedIn.Cautionary Language on Forward-Looking StatementsCertain statements in this communication are "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "plan," "predict," "project," "potential," or other comparable terminology are intended to identify forward-looking statements. These statements include those related to the commercialization of 374Water's technology, whether 374Water will be able to successfully raise capital, scaling of 374Water's offering, the Company's ability to create long-term value for shareholders, and 374Water's future prospects. Such statements involve known and unknown risks, uncertainties, and other factors that may cause 374Water's actual results, levels of activity, performance, or 374Water's achievements or those of its industry to be materially different from those expressed or implied by any forward-looking statements. 374Water has based these forward-looking statements on its current expectations, assumptions, estimates, beliefs, and projections. While 374Water believes these expectations, assumptions, estimates, and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which involve factors or circumstances that are beyond the 374Water's control. These forward-looking statements are subject to risks and uncertainties, including those discussed under "Risk Factors" in 374Water's Form 10-Q for the quarter ended September 30, 2025, and in 374Water's subsequent filings and reports with the SEC. The forward-looking statements herein are made only as of the date they were first issued, and unless otherwise required by laws, 374Water disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.Investor Relations and Media ContactJim Siccardi
Senior Vice President
Direct: 984-374-1222
Jim.Siccardi@374water.com
www.374Water.comSOURCE: 374Water Inc.View the original press release on ACCESS NewswireOriginal: 374Water Strengthens Board of Directors and Announces Appointment of New Chief Executive Officer
INV4
8月前
374Water Appoints Stephen J. Jones as Interim President and Chief Executive Officer
Oct 8, 2025
374Water Inc. (NASDAQ: SCWO) (“374Water” or the “Company”), a global leader in organic waste destruction technology and services for the municipal, federal, and industrial markets, today announced its Board of Directors has appointed current board member Stephen J. Jones as its Interim President and Chief Executive Officer, effective immediately, to lead the company through its next phase of current project deployments, the commercialization of its super critical water oxidation (“SCWO”) technology, and accelerated conversion of its growing pipeline of opportunities. Mr. Jones will also lead the search effort on behalf of the Board for a fulltime President and Chief Executive Officer. He succeeds Chris Gannon, who has stepped down from his roles at 374Water.
Mr. Jones joined 374Water in June 2025 as a Director, and brings extensive experience in corporate leadership, including board roles, and expertise in environmental services and the on-site business model employed in the industrial gases and chemicals sectors. Jones was previously President, CEO and a director of Covanta Holding Corporation (formerly listed on the NYSE, now owned by private equity and renamed Reworld Waste), a world leader in developing, building, owning, and operating Energy-from-Waste facilities and providing environmental and cleantech services. He led Covanta through a rapid growth phase focused on owning and operating waste destruction facilities and acquiring environmental services companies providing waste and wastewater services to third party customers. Prior to joining Covanta, Mr. Jones was employed by Air Products and Chemicals, Inc., a global leader in the supply of industrial gases, chemicals, and equipment and the company that originally developed the on-site business model (now being deployed by 374Water as the Waste Destruction Services (“WDS”) model). He held a variety of senior-level management positions at Air Products including in the company’s industrial gases, equipment, energy and chemicals businesses, with a focus on commercialization of technologies, business development with a diverse set of customers, project execution in an industrial setting, and return on capital employed.
Mr. Jones has agreed to a base salary of $1.00 for undertaking this role and he has received a stock option grant from the Company to ensure his incentives are closely aligned with shareholder interests. Details of this compensation arrangement will be filed by the Company in a Form 8-K as required by the U.S. Securities and Exchange Commission.
Rene Estes, Chairperson of the Board, commented, "We believe that now is the right time to make a change in the leadership of the Company as we continue to commercialize our SCWO technology and are focused on strategic partnerships and capital initiatives related to our WDS business model. We are fortunate to have Stephen step into this role on an interim basis as he has previously been a successful public company Chief Executive Officer and has significant experience in the waste markets and on-site business development activities very similar to our WDS model.
“We want to thank Chris for his service to the Company. He has positioned the company for future success and on behalf of the board, I would like to thank him for his dedication and wish him well,” Ms. Estes concluded.
Mr. Jones added, "This is an opportunity to step into a company that has significant value creation potential, and I appreciate the Board's confidence. I look forward to working with 374Water’s talented team to unlock this value for our shareholders. The dedication of our employees is crucial to our shared success, and the continued development of our SCWO technology and the WDS business model with our essential customers will continue to be one of the cornerstones of our business. I look forward to providing a full business update and strategy during our upcoming third quarter conference call November 12."
Third Quarter 2025 Financial Results and Business Update Conference Call Information
Date: Wednesday, November 12, 2025
Time: 4:30 p.m. Eastern time (1:30 p.m. Pacific time)
Dial-in: 1-877-423-9813
International Dial-in: 1-201-689-8573
Conference Code: 13756490
Webcast: https://viavid.webcasts.com/starthere.jsp?ei=1738426&tp_key=858ab81989
About 374Water
374Water Inc. (NASDAQ: SCWO) is a global industrial technology and services company providing innovative solutions addressing wastewater treatment and waste management issues within the municipal, federal and industrial markets. 374Water's AirSCWO technology is designed to efficiently destroy and mineralize a broad spectrum of non-hazardous and hazardous organic wastes, producing safe dischargeable water streams, safe mineral effluent, safe vent gas, and recoverable heat energy. 374Water's AirSCWO technology has the potential to assist its customers to meet discharge requirements, reduce or eliminate disposal costs, remove bottlenecks, and reduce litigation and other risks. 374Water continues to be a leader in innovative waste treatment solutions, dedicated to creating a greener future and eradicating harmful pollutants. Learn more by visiting www.374water.com and follow us on LinkedIn.
Cautionary Language on Forward-Looking Statements
Certain statements in this communication are "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements relate to future events or our future financial performance, including statements relating to whether 374Water will be able to unlock revenue from its WDS operations, whether 374Water will be successful in obtaining federal, municipal and industrial waste destruction contracts, the timing for 374Water to launch WDS operations and 374Water’s ability to establish additional WDS operations, 374Water’s ability to scale its operations, demand for 374Water’s solutions, and 374Water’s ability to destroy PFAS at scale, and 374Water’s future prospects and involve known and unknown risks, uncertainties, and other factors that may cause 374Water’s actual results, levels of activity, performance, or 374Water’s achievements or those of its industry to be materially different from those expressed or implied by any forward-looking statements. In some cases, forward-looking statements may be identified by the use of words like "may," "will," "could," "would," "should," "expect," "plan," "anticipate," "intend," "believe," "estimate," "project," "consider," "predict," "potential," "feel," or other comparable terminology. 374Water has based these forward-looking statements on its current expectations, assumptions, estimates, beliefs, and projections. While 374Water believes these expectations, assumptions, estimates, and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which involve factors or circumstances that are beyond the 374Water’s control. These and other important factors, including those discussed under "Risk Factors" in 374Water’s Form 10-Q for the quarter ended June 30, 2025, as well as 374Water’s subsequent filings with the SEC, may cause actual results, performance, or achievements to differ materially from those expressed or implied by these forward-looking statements. The forward-looking statements herein are made only as of the date they were first issued, and unless otherwise required by applicable securities laws, 374Water disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
Investor Relations and Media Contact
Chris Tyson
Executive Vice President
MZ North America
Direct: 949-491-8235
SCWO@mzgroup.us
www.mzgroup.us
https://investorshub.advfn.com/stock-market/NASDAQ/374water-SCWO/stock-news/96973383/374water-appoints-stephen-j-jones-as-interim-pres
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