374Water Engages MZ Group to Lead Strategic Investor Relations and Shareholder Communications Program

Rhea-AI Summary

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.

Positive

• $1.8 billion in backlog and pipeline opportunities
• First commercial scale AS deployment completed in Orlando
• New 20,000 sq ft manufacturing facility operational
• Launch of recurring revenue AS-DaaS business model
• $12.2 million in recent funding secured

Negative

• Substantial revenue generation not yet achieved
• Recent $12.2M offering may cause dilution

News Market Reaction

-2.76%

1 alert

-2.76% News Effect

On the day this news was published, SCWO declined 2.76%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Municipal, Federal and Industrial Backlog and Pipeline of $1.8 Billion for Organic Waste Destruction Technology to Drive Growth in 2025

DURHAM, NC / ACCESSWIRE / January 14, 2025 / 374Water Inc. (NASDAQ:SCWO), a global leader in organic waste destruction technology for the municipal, federal, and industrial markets, has engaged international investor relations specialists MZ Group ("MZ") to lead a comprehensive strategic investor relations and financial communications program across all key markets.

MZ Group will work closely with 374Water management to develop and implement a comprehensive capital markets strategy designed to increase the company's visibility throughout the investment community. The campaign will highlight how 374Water's proprietary AirSCWO System ("AS") is designed to destroy non-hazardous and hazardous organic wastes and, in the process, produce safe dischargeable water streams, safe mineral effluent, safe vent gas, and recoverable heat energy. 374Water has multiple contracts in place for equipment sales, demonstrations, and testing and approximately $1.8 billion of robust backlog and pipeline opportunities across waste verticals including municipal, federal and industrial customers. 374Water is launching its AirSCWO Destruction-as-a-Service ("AS-DaaS") business which will drive recurring revenue for the company. For its AS-DaaS business, 374Water is partnering with wastewater, federal, industrial, and RCRA permitted TSDF facilities and plans to announce the location of these operations throughout 2025.

MZ has developed a distinguished reputation as a premier resource for institutional investors, brokers, analysts, and private investors and maintains offices worldwide. Chris Tyson, Executive Vice President at MZ North America, along with Directors Larry Holub and Brooks Hamilton, will advise 374Water in all facets of investor relations.

Chris Tyson commented, "374Water addresses both traditional waste streams such as biosolids, landfill leachate, and oil & gas sludges, and emerging contaminants including PFAS Concentrates or ‘Forever Chemicals' such as AFFF firefighting foam, pharmaceuticals and microplastics, across all three major waste verticals with an overall global market of $250 billion. The municipal, federal, and industrial markets are seeking alternatives to existing waste treatment technologies which are considered inadequate as they primarily transform, transport, or condense organic wastes instead of destroying them completely. Recent EPA regulatory requirements on drinking water and industrial emissions and US CERCLA (Superfund) designations are focused on eliminating existing and emerging contaminants. These changes are expected to further fuel demand for waste destruction technologies like AirSCWO. This creates an exciting opportunity, and we look forward to sharing 374Water with our network of institutional, family offices and retail investors."

"Moving into 2025 our flexible go-to-market strategy is generating strong demand across our three major verticals," said Chris Gannon, CEO of 374Water. "Supported by a recent $12.2 million offering, we are well positioned to begin delivering our commercial scale AS solutions. In September, we deployed our first commercial scale AS to the City of Orlando's Iron Bridge Water Reclamation Facility. We will be completing our Orange County Sanitation AS factory acceptance test and deployment during the first half of 2025. We intend to begin generating substantial revenue through our AS capital sale and AS-DaaS offerings from our backlog and pipeline of $1.8 billion during 2025. With our new 20,000 square foot manufacturing facility and state of the art machinery and equipment we are ramping AS production to meet demand. We look forward to working with Chris and the entire team at MZ Group to communicate our business milestones to new and existing shareholders in the weeks and months ahead," concluded Gannon.

For more information on 374Water, please visit 374water.com. To schedule a conference call with management, please email your request to SCWO@mzgroup.us or call Chris Tyson at 949-491-8235.

About MZ

MZ North America is the US division of MZ Group, a global leader in investor relations with over 250 employees and 800 clients across 12 different exchanges. For over 25 years, MZ has implemented award winning programs and developed a reputation for delivering tangible results for public and private companies via strategic communications, industry-leading investor outreach, public relations, a market intelligence desk, and a suite of technology solutions, spanning websites, conference call/webcasting, video production and XBRL/Edgar filing services. MZ maintains a global footprint with professionals located throughout every time zone in North America, as well as Taipei and São Paulo. For more information, please visit www.mzgroup.us.

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 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 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 the benefits of our recent financing, our ability to execute on our strategic plan, our positioning in the market, our ability to process a range of waste and contaminants at scale, the timing and success of our DaaS offering, the timing of the deployment of our AirSCWO system in Orange County, our ability to execute on our backlog and pipeline, and our future prospects and involve known and unknown risks, uncertainties, and other factors that may cause our actual results, levels of activity, performance, or our achievements or those of our 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. The Company has based these forward-looking statements on its current expectations, assumptions, estimates, beliefs, and projections. While the Company 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 Company's control. These and other important factors, including those discussed under "Risk Factors" in our Quarterly Report on Form 10-Q for the quarter ended September 30, 2024, as well as the Company'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, the Company 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

SOURCE: 374Water, Inc.

View the original press release on accesswire.com

FAQ

What is the current backlog and pipeline value for 374Water (SCWO)?

374Water (SCWO) reports a backlog and pipeline of approximately $1.8 billion across municipal, federal, and industrial customers.

When will 374Water (SCWO) complete the Orange County Sanitation AS deployment?

374Water plans to complete the Orange County Sanitation AS factory acceptance test and deployment during the first half of 2025.

How much funding did 374Water (SCWO) recently raise?

374Water recently raised $12.2 million through an offering to support its commercial operations.

What is the size of 374Water's (SCWO) new manufacturing facility?

374Water has established a new 20,000 square foot manufacturing facility for AS production.

Where did 374Water (SCWO) deploy its first commercial scale AS system?

374Water deployed its first commercial scale AS system to the City of Orlando's Iron Bridge Water Reclamation Facility.