374Water Expands Presence to Western Asia with Launch of New Subsidiary
374Water Inc. (OTCQB:SCWO) has announced the establishment of its first global subsidiary, 374Water Sustainability Israel LTD. This move aims to enhance its presence in Israel, where over 5 million tons of waste are generated annually. The formation follows a $900,000 grant from the Binational Industrial Research and Development Foundation for a cleantech project. The company's AirSCWO™ technology will provide sustainable waste management solutions, transitioning communities towards circular economies while eliminating harmful pollutants.
- Establishment of 374Water Sustainability Israel LTD as the first global subsidiary.
- Awarded a $900,000 grant for a cleantech project in Israel.
- AirSCWO™ technology provides innovative waste management solutions.
- None.
The formation in Israel enables the cleantech company to bring a new era in sustainable and energy-efficient waste management and resource recovery to the region
DURHAM, NC / ACCESSWIRE / March 3, 2022 / 374Water Inc. (OTCQB:SCWO) a social impact cleantech company is pleased to announce the establishment of 374Water Sustainability Israel LTD, representing 374Water's first global subsidiary. The company is launching this new subsidiary as a sustained initiative to expand its presence and conduct business with partners in Israel. The formation of the subsidiary follows the Binational Industrial Research and Development (BIRD) Foundation's selection of 374Water to receive a
Each year more than 5 million tons of municipal and commercial waste are generated in Israel, a country with limited land and a growing population. With the established subsidiary in place, 374Water will provide its AirSCWO™ technology to meet the increasing demand for sustainable, resilient and decentralized waste management solutions.
"Israel was always on the leading edge in creating and adopting innovative technologies, which aligns with 374Water's vision of pioneering new technologies in the water and waste industries," said Kobe Nagar, Chairman and CEO of 374Water.
374Water's AirSCWO™ features a physical-thermal process that uses supercritical water oxidation to convert waste to recoverable energy, water, and minerals, while eliminating organic pollutants, including "forever" chemicals such as PFAS. The decentralized AirSCWO™ systems utilize an omniprocessor to address a variety of wastes. The compact, modular, and prefabricated units will help communities in the region transition from linear to circular economies.
About 374Water
374Water is a US-based cleantech, social impact company whose mission is to preserve a clean and healthy environment that sustains life. We are pioneering a new era of sustainable waste management that supports a circular economy and enables organizations to achieve their sustainability goals. https://www.374water.com/
Cautionary Language
This press release contains "forward-looking statements," as that term is defined under the Private Securities Litigation Reform Act of 1995 (PSLRA), which statements may be identified by words such as "expects," "plans," "projects," "will," "may," "anticipates," "believes," "should," "intends," "estimates," and other words of similar meaning.
Company Contact:
374 Water:
Mr. Richard Davis
ir@374Water.com
(786) 412-7015
Investor Contact:
Hayden IR:
James Carbonara
(646)-755-7412
james@haydenir.com
Media Contact:
FischTank PR:
374water@fischtankpr.com
SOURCE: 374Water, Inc.
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FAQ
What is the purpose of the new subsidiary established by 374Water in Israel?
How much funding did 374Water receive for its project in Israel?
What technology does 374Water provide for waste management in Israel?
How does AirSCWO™ technology benefit communities in Israel?
