374Water Inc. - SCWO STOCK NEWS

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.

374Water Inc. (NASDAQ:SCWO) has appointed Peter Mandel as General Counsel, effective August 19, 2024. Mandel brings extensive experience in corporate and securities law, public company representation, and capital markets transactions. He will oversee the company's legal functions and advise the management team and Board of Directors as 374Water scales its operations and commercializes its AirSCWO technology.

Mandel's previous roles include General Counsel at HALO Precision Diagnostics and Head of Corporate Legal at Olema Oncology. He also worked at Latham & Watkins LLP and Cooley LLP, representing technology and biotechnology companies. Mandel holds a J.D. from Stanford Law School and a B.A. from UC Berkeley.

374Water Inc. (NASDAQ:SCWO) released its Q2 2024 results and provided a business update. Key highlights include:

1. Deployment of AirSCWO system to Orlando for biosolids waste treatment and PFAS destruction demonstrations.
2. Revenue decreased 26% to $37,000 in Q2 2024 compared to Q2 2023.
3. Total operating expenses increased from $3.5 million in H1 2023 to $4.9 million in H1 2024.
4. Working capital of $7.2 million as of June 30, 2024, with no outstanding debt.
5. Successful completion of pharmaceutical waste testing using AirSCWO technology.
6. Release of a white paper on AirSCWO technology's potential for lithium-ion battery waste processing.

The company estimates a global market opportunity in the hundreds of billions of dollars for its waste destruction technology.

374Water (Nasdaq:SCWO) has announced its schedule for the Second Quarter 2024 Earnings Release and Conference Call. The company will release its earnings results before market open on Thursday, August 15, 2024. Following this, management will host a conference call at 10:00 am Pacific Time (1:00 pm Eastern Time) on the same day to provide a business update, discuss quarterly results, and conduct a live Q&A session.

Interested participants can join the conference call by dialing (888) 506-0062 (Toll Free) or (973) 528-0011 (International). Alternatively, they can access the live webcast through a registration link provided. A webcast replay will be available until August 29, 2024, accessible through the Investors Section of 374Water's website.

374Water Inc. (NASDAQ:SCWO) has released a white paper showcasing its AirSCWO technology's ability to destroy >99.999% of HQ-115, a PFAS additive used in Lithium-ion batteries (LiBs). This breakthrough addresses the environmental risks posed by LiB manufacturing and recycling waste. Key highlights include:

1. AirSCWO system effectively treats LiB waste, demonstrating potential for improving sustainability in the $91 billion global LiB industry.

2. The technology could prevent the release of toxic PFAS from over 20,000 kilotons of annual electric vehicle waste.

3. Traditional waste management methods are ineffective in removing fluorinated electrolytes, leading to environmental contamination.

4. 374Water's solution offers complete mineralization of electrolyte solvent waste streams without generating secondary pollutants.

5. The company is collaborating with leading LiB manufacturers and recyclers to address this growing environmental challenge.

374Water Inc. (Nasdaq:SCWO) has successfully demonstrated the effectiveness of its AirSCWO technology in destroying pharmaceutical waste for a major manufacturer. The demonstration achieved >99.9% destruction of halogenated solvents and organic wastes, surpassing the 99.5% efficiency of on-site incineration. AirSCWO eliminated organics to levels ten times lower than discharge limits for on-site injection.

The technology offers a sustainable solution for the $40 billion global pharmaceutical waste management market, addressing challenges such as environmental contamination and regulatory compliance. AirSCWO transforms organic waste into harmless water and minerals, potentially creating additional value through rare earth material recovery. CEO Chris Gannon highlighted the technology's capability to handle diverse and complex waste streams, positioning it as an effective alternative to conventional off-site disposal methods.

374Water Inc. (NASDAQ:SCWO) is deploying its AirSCWO waste destruction technology to the City of Orlando's Iron Bridge Water Pollution Control Facility. This seven-month demonstration will showcase the system's ability to treat biosolids and destroy PFAS in various waste streams. The project is funded by a Federal Bipartisan Infrastructure Bill grant and aims to reduce waste volume and greenhouse emissions.

The company has also updated its deployment plans with the Orange County Sanitation District (OC San). While initially planned for OC San, the technology will first be deployed in Orlando to refine it in a real-world setting. OC San supports this approach and expects to receive an AirSCWO-6 system in early 2025, with plans to eventually upgrade to larger systems.