374Water Inc. - SCWO STOCK NEWS

374Water Inc. (NASDAQ:SCWO) has appointed Russell Kline as Chief Financial Officer, effective December 16, 2024. Kline will lead the company's Finance, Investor Relations, and Capital Markets operations as it commercializes its AirSCWO system and launches its Waste Destruction-as-a-Service business.

Kline brings over 20 years of strategic, financial, and operational experience. He previously served as Senior Vice President of Finance at Ole Distribution and held senior positions at Sony Pictures Latin America. His expertise includes managing channel operations, business development initiatives, and joint venture partnerships.

The appointment aims to support 374Water's expansion plans and scale its organic waste destruction technology across municipal, federal, and industrial markets.

374Water (NASDAQ:SCWO) has released a shareholder letter highlighting recent developments and future plans. The company recently raised $12.2M in equity funding to accelerate their AirSCWO commercialization efforts. Their system is operational at Orlando Iron Bridge Water Reclamation Facility and will soon deploy at Orange County Sanitation. The company is launching Destruction-as-a-Service (DaaS) for hazardous and non-hazardous waste processing, with their first DaaS site under negotiation. Their technology has demonstrated >99.999% destruction of PFAS in AFFF firefighting foam. The company reports a current backlog/pipeline exceeding $1.8B and is expanding capabilities in solid waste destruction, particularly spent GAC and IX materials.

374Water Inc. (NASDAQ:SCWO) has announced a $12.2 million registered direct offering of common stock and warrants. The company will sell 9,783,496 shares of common stock and warrants to purchase 14,675,244 shares. The purchase price is set at $1.25 per share with accompanying 1.5 warrants. The warrants will have an exercise price of $1.125 per share, exercisable immediately upon issuance and expiring in five years. The offering is expected to close around November 18, 2024. D. Boral Capital serves as the exclusive placement agent.

374Water Inc. (NASDAQ:SCWO) has released a white paper demonstrating its AirSCWO technology's success in destroying PFAS-containing Aqueous Film-Forming Foam (AFFF) at commercial scale. The technology achieved over 99.99% destruction of PFAS compounds within seconds during lab and commercial-scale tests. The company's solution addresses growing regulatory pressures, including the U.S. National Defense Authorization Act's mandate for DoD transition to fluorine-free alternatives by October 2024. 374Water has launched AFFF Destruction-as-a-Service (DaaS) to help government and industrial partners manage PFAS disposal.

374Water (Nasdaq:SCWO) reports Q3 2024 financial results and business updates. The company's Q3 2024 revenue increased 575% to $81,000 compared to Q3 2023. However, nine-month revenue decreased 50% to $434,000. Operating expenses rose from $5.2M to $7.7M in the first nine months of 2024. The company has working capital of $4.5M with no debt. Key developments include successful deployment of AirSCWO system at Orlando's Iron Bridge facility, expansion of lab facilities, and successful AFFF firefighting foam processing with >99.99% PFAS destruction. The board approved a registered offering of common stock and warrants, expected to close by year-end 2024.

374Water (Nasdaq:SCWO) has announced its upcoming third quarter 2024 earnings release and conference call schedule. The company will release earnings results after market close on Wednesday, November 13, 2024. Management will host a conference call on Thursday, November 14, 2024 at 8:00 AM Pacific Time (11:00 AM Eastern Time) to discuss quarterly results and provide a business update, followed by a Q&A session. Participants can join via telephone or webcast, with replay available through November 14, 2025.

374Water Inc. (NASDAQ:SCWO) has expanded its operations with a new 3,500-square-foot Biosafety Level 1 laboratory in Morrisville, NC. The facility triples the company's treatment and testing capacity for its proprietary AirSCWO technology, which uses supercritical water oxidation to destroy organic waste streams. The lab enables advanced research on various organic waste and contaminants, including PFAS, producing clean mineral water and recoverable heat energy. The company plans to add a second bench-scale reactor by end of 2024 and expand testing capabilities in 2025, while also developing mobile capabilities through a custom-built trailer for off-site work.

374Water Inc. (NASDAQ:SCWO) has successfully deployed, commissioned, and made fully operational its AirSCWO technology at Orlando's Iron Bridge Regional Water Reclamation Facility. This marks a significant milestone in the company's commercialization path. The system is now processing biosolids and PFAS contaminated wastes at scale, demonstrating its ability to destroy waste efficiently and sustainably.

The Orlando installation allows 374Water to showcase the integration of its technology at one of Florida's largest water reclamation facilities, capable of processing 45 million gallons of wastewater daily. The Florida Department of Environmental Protection provided a grant to assist in financing the deployment. This success follows the technology's extended residency at Merrell Bros' Kokomo, IN facility, where 374Water developed a continuously operable system and scalable technology.

374Water Inc. (NASDAQ:SCWO), a global leader in organic waste destruction technology, has announced its participation in two upcoming investor conferences. The company will be presenting at the HC Wainwright 26th Annual Global Investment Conference on September 10, 2024, with CEO Chris Gannon speaking from 3:00 PM to 3:30 PM ET. A webcast of the presentation will be available.

Additionally, 374Water will present at the Gabelli PFAS Symposium on September 26, 2024. At both events, the company will host one-on-one meetings with investors. Interested parties can access 374Water's investor presentation and recent earnings call recording through provided links.