Welcome to our dedicated page for 374Water news (Ticker: SCWO), a resource for investors and traders seeking the latest updates and insights on 374Water stock.
374Water Inc. (SCWO) is a global cleantech company specializing in sustainable waste management solutions. The company offers prefabricated treatment systems using supercritical water oxidation technology to convert organic waste into clean water within seconds. Notably, 374Water focuses on transforming wet wastes, including sewage sludge, food waste, and hazardous materials, into recoverable resources. Their innovative AirSCWO technology is instrumental in tackling environmental challenges like PFAS contamination. Through collaborations with organizations like the Department of Defense (DoD), 374Water is at the forefront of revolutionizing waste and wastewater treatment.
374Water Inc (NASDAQ:SCWO) has published a white paper demonstrating their AirSCWO system's effectiveness in destroying PFAS-laden ion exchange resin. The system consistently achieved >99.9% total PFAS elimination in both bench and commercial scale field trials.
The paper addresses the critical issue of disposing spent anion IX (AIX) resin containing PFAS 'forever chemicals,' which are synthetic substances linked to various health issues including thyroid disease, fertility problems, and cancer. Traditional disposal methods like landfilling or incineration can lead to environmental contamination.
The company's technology targets the growing spent media market, valued at $1.3 billion as of 2024. The AirSCWO system offers a solution that aligns with recent EPA regulatory requirements for drinking water and CERCLA, focusing on eliminating PFAS and other contaminants while producing safe dischargeable water streams, mineral effluent, vent gas, and recoverable heat energy.
374Water Inc. (NASDAQ:SCWO) provided a business update following the EPA's draft risk assessment on PFAS chemicals in biosolids. The EPA's assessment highlights risks associated with land-applied sludge contaminated with PFOA/PFOS, naming SCWO as a key destruction technology.
The company's AirSCWO technology is positioned as the only commercial-scale, continuous flow solution available for PFAS destruction. The EPA suggests that sludge containing as low as 1 ppb of PFAS when land applied may pose human health risks exceeding acceptable thresholds.
374Water is developing AirSCWO Systems with various destruction capacities, ranging from 1 metric ton/day (suitable for 0.25 to 0.5 MGD WW facilities) up to 100 metric ton/day (for 20 to 40 MGD WW facilities). The company reports a municipal, federal, and industrial backlog and pipeline of $1.8 billion for their organic waste destruction technology, expected to drive growth in 2025.
374Water Inc. (NASDAQ:SCWO), a leader in organic waste destruction technology, has announced its participation in the upcoming Sidoti Micro-Cap Virtual Conference scheduled for January 22-23, 2025.
The company's management will engage in virtual one-on-one meetings with institutional investors throughout the event. Additionally, they will deliver a virtual presentation on Wednesday, January 22, 2025, at 1:00 p.m. Eastern time on Track 1.
Interested investors and media representatives can join the presentation through a mandatory registration process. The presentation will be available via live audio webcast, with participants advised to join at least five minutes before the start time. Those interested in scheduling meetings with management can contact MZ Group at SCWO@mzgroup.us.
374Water Inc. (NASDAQ:SCWO), a leader in organic waste destruction technology, has engaged MZ Group for strategic investor relations services. The company's proprietary AirSCWO System (AS) is designed to destroy hazardous and non-hazardous organic wastes while producing safe dischargeable outputs and recoverable energy.
The company reports a $1.8 billion backlog and pipeline across municipal, federal, and industrial customers. 374Water is launching its AirSCWO Destruction-as-a-Service (AS-DaaS) business for recurring revenue and deployed its first commercial scale AS to Orlando's Iron Bridge facility. The company plans to complete Orange County Sanitation AS deployment in H1 2025.
Following a $12.2 million offering, 374Water has established a new 20,000 square foot manufacturing facility to ramp up AS production. The company targets a global market of $250 billion, addressing traditional waste streams and emerging contaminants like PFAS.
374Water Inc. (NASDAQ:SCWO) concludes 2024 with a substantial $1.8 billion backlog and pipeline across municipal, federal, and industrial markets. The company's AirSCWO (AS) system, designed to destroy organic waste and contaminants, has been successfully deployed at Orlando's Iron Bridge Water Reclamation Facility. Key 2024 achievements include completing a $12.2 million capital raise, expanding laboratory facilities, and strengthening leadership with new executive appointments.
For 2025, the company plans to launch its Destruction-as-a-Service (DaaS) business model, with initial AS6 installations projected to generate $3-5 million annually. The company will manufacture multiple AS systems, including AS1, AS6, and AS30 models, while establishing strategic partnerships and expanding manufacturing capabilities to meet growing market demand.
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.
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