374Water Announces Settlement of Claim
374Water Inc (NASDAQ: SCWO) has announced a settlement agreement with its co-founder and former CEO, Yaacov (Kobe) Nagar, regarding an employment claim filed against the company. The settlement terms remain confidential, but both parties have expressed satisfaction with the resolution.
Current CEO Chris Gannon stated that the company values Nagar's contributions and looks forward to future collaboration. Nagar also expressed optimism about the company's future success in 'SCWOing the world.' The agreement marks a new chapter for both parties, who remain committed to maintaining a productive relationship moving forward.
374Water Inc (NASDAQ: SCWO) ha annunciato un accordo di risoluzione con il suo co-fondatore e ex CEO, Yaacov (Kobe) Nagar, riguardo a una controversia lavorativa presentata contro l'azienda. I termini dell'accordo rimangono riservati, ma entrambe le parti hanno espresso soddisfazione per la risoluzione.
Il CEO attuale, Chris Gannon, ha dichiarato che l'azienda apprezza i contributi di Nagar e attende con interesse future collaborazioni. Anche Nagar ha espresso ottimismo riguardo al futuro successo dell'azienda nel 'SCWOing the world.' L'accordo segna un nuovo capitolo per entrambe le parti, che rimangono impegnate a mantenere una relazione produttiva in avanti.
374Water Inc (NASDAQ: SCWO) ha anunciado un acuerdo de conciliación con su cofundador y ex CEO, Yaacov (Kobe) Nagar, respecto a una reclamación laboral presentada contra la empresa. Los términos del acuerdo se mantienen confidenciales, pero ambas partes han expresado satisfacción con la resolución.
El actual CEO, Chris Gannon, declaró que la empresa valora las contribuciones de Nagar y espera con interés futuras colaboraciones. Nagar también expresó optimismo sobre el futuro éxito de la empresa en 'SCWOing the world.' El acuerdo marca un nuevo capítulo para ambas partes, que siguen comprometidas a mantener una relación productiva en el futuro.
374Water Inc (NASDAQ: SCWO)는 공동 창립자이자 전 CEO인 Yaacov (Kobe) Nagar와 회사에 제기된 고용 청구에 대한 합의 계약을 발표했습니다. 합의 조건은 비공개로 유지되지만, 양측 모두 해결에 대한 만족을 표명했습니다.
현재 CEO인 Chris Gannon은 회사가 Nagar의 기여를 소중히 여기며 향후 협력에 기대하고 있다고 밝혔습니다. Nagar 또한 'SCWOing the world'에서 회사의 미래 성공에 대한 낙관적인 의견을 표현했습니다. 이 합의는 양측 모두에게 새로운 장을 여는 것이며, 앞으로 생산적인 관계를 유지하기 위해 헌신하고 있습니다.
374Water Inc (NASDAQ: SCWO) a annoncé un accord de règlement avec son cofondateur et ancien PDG, Yaacov (Kobe) Nagar, concernant une réclamation d'emploi déposée contre l'entreprise. Les termes du règlement restent confidentiels, mais les deux parties ont exprimé leur satisfaction quant à la résolution.
Le PDG actuel, Chris Gannon, a déclaré que l'entreprise valorise les contributions de Nagar et se réjouit de futures collaborations. Nagar a également exprimé son optimisme quant au succès futur de l'entreprise dans le cadre de 'SCWOing the world.' L'accord marque un nouveau chapitre pour les deux parties, qui restent engagées à maintenir une relation productive à l'avenir.
374Water Inc (NASDAQ: SCWO) hat eine Vergleichsvereinbarung mit seinem Mitbegründer und ehemaligen CEO, Yaacov (Kobe) Nagar, bezüglich einer gegen das Unternehmen eingereichten Arbeitsklage bekannt gegeben. Die Bedingungen des Vergleichs bleiben vertraulich, aber beide Parteien haben ihre Zufriedenheit mit der Lösung zum Ausdruck gebracht.
Der aktuelle CEO, Chris Gannon, erklärte, dass das Unternehmen Nagars Beiträge schätzt und sich auf zukünftige Zusammenarbeit freut. Nagar äußerte ebenfalls Optimismus über den zukünftigen Erfolg des Unternehmens beim 'SCWOing the world.' Die Vereinbarung markiert ein neues Kapitel für beide Parteien, die sich weiterhin verpflichtet haben, eine produktive Beziehung aufrechtzuerhalten.
- Resolution of employment claim removes legal uncertainty
- Potential for future collaboration with former CEO
- Confidential settlement terms may involve undisclosed financial obligations
- Previous leadership dispute could indicate internal governance challenges
DURHAM, N.C., April 10, 2025 (GLOBE NEWSWIRE) -- 374Water Inc. (NASDAQ: SCWO) (“374Water” or the “Company”), a global leader in organic waste destruction technology for municipal, federal, and industrial markets, today announced that it has reached a settlement with its co-founder and former Chief Executive Officer, Yaacov (Kobe) Nagar, regarding an employment claim that had been filed against the Company. Both parties are pleased to resolve the matter amicably and look forward to future opportunities for collaboration.
The terms of the settlement are confidential, but both parties are satisfied with the resolution and believe that it will allow for a positive and productive relationship going forward.
“We are pleased to have reached a fair and mutually beneficial settlement with Mr. Nagar,” said Chris Gannon, Chief Executive Officer of 374Water. “We have always valued Mr. Nagar’s contributions to the Company and look forward to continued collaboration in the future. This settlement marks a new chapter, and we are excited about the possibilities ahead.”
Mr. Nagar added “I am pleased to have this matter resolved and I look forward to seeing 374Water succeed in SCWOing the world."
Both 374Water and Mr. Nagar remain committed to a productive and positive future, focusing on their shared goals and vision for the industry.
About 374Water
374Water Inc. (NASDAQ: SCWO) is a global cleantech company providing innovative solutions addressing wastewater treatment and waste management issues within the municipal, federal and industrial markets. 374Water's AirSCWO technology can reduce or eliminate disposal costs, remove operational bottlenecks, reduce litigation, discharge and other risks. AirSCWO is designed to efficiently destroy and mineralize a broad spectrum of organic non-hazardous and hazardous organic wastes producing safe dischargeable water streams, safe mineral effluent, safe vent gas, and recoverable heat energy. 374Water’s AirSCWO products destruction capacity scale from 1 ton per day to over 200 tons per day. 374Water offers capital sale and lease options, as well as turn-key waste destruction services. 374Water is 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.
Investor Relations and Media Contact
Chris Tyson
Executive Vice President
MZ North America
Direct: 949-491-8235
SCWO@mzgroup.us
www.mzgroup.us
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