MORRISVILLE, N.C., Jan. 14, 2026 (GLOBE NEWSWIRE) -- 374Water Inc. (NASDAQ: SCWO) ("374Water" or the "Company"), a global leader in organic waste destruction technology and services for the industrial, municipal, and federal markets, today announced that it has received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule, 5550(a)(2). Th ...

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Core Viewpoint - 374Water Inc. has appointed Bradley R. Freels to its Board of Directors, which is expected to enhance the company's long-term growth strategy through his extensive experience in real estate investment and development [1][4]. Group 1: Appointment of Bradley R. Freels - Bradley R. Freels is a veteran real estate investor and developer, currently serving as Chairman and CEO of Midway, a prominent real estate firm in Houston, Texas [2]. - Under Freels' leadership, Midway has developed and/or acquired over 55 million square feet of various property types across the United States and Northern Mexico, along with more than 5,000 acres of business and residential communities [2]. - Freels has a strong background in startup financing and has been involved with several enterprises, including 374Water, showcasing his diverse investment experience [3]. Group 2: Strategic Importance of the Appointment - Freels' experience in business development and capital allocation is expected to provide valuable insights to 374Water as it advances its growth strategy and commercializes its AirSCWO technology [4]. - The company aims to leverage Freels' expertise to enhance its impact on the real estate industry, particularly in making homes more affordable through improved municipal infrastructure [4]. - Freels expressed his commitment to supporting the management team in executing the growth strategy to build long-term value for shareholders [4]. Group 3: About 374Water - 374Water Inc. is a global leader in industrial technology and services, focusing on innovative solutions for wastewater treatment and waste management in industrial, municipal, and federal markets [5]. - The company's AirSCWO technology is designed to efficiently destroy and mineralize a wide range of organic wastes, producing safe dischargeable water, mineral effluent, vent gas, and recoverable heat energy [5]. - 374Water aims to assist customers in meeting discharge requirements, reducing disposal costs, and minimizing litigation risks, thereby contributing to a greener future [5].

Core Insights - 374Water Inc. has been awarded a Waste Destruction Services project to eliminate PFAS in biosolids and water treatment residuals for the City of St. Cloud, which is expected to have direct implications for the company's commercial sales efforts in 2026 [1][6] Group 1: Project Details - The project is part of a public-private partnership involving multiple stakeholders, including Barr Engineering Co., University of St. Thomas, and Minnesota Technical Assistance Program [5] - The initiative will utilize 374Water's mobile AirSCWO 1 System to eliminate PFAS in both undigested and post-thermal hydrolysis digested biosolids, as well as spent granular activated carbon [5] - The project aims to evaluate PFAS destruction efficiency and explore options for disposing or repurposing treated water and solids [5] Group 2: Industry Context - PFAS are persistent man-made chemicals that pose significant risks to human health and the environment, leading to increased demand for reliable PFAS destruction technologies [4] - Minnesota has been proactive in addressing PFAS contamination, highlighted by a landmark $850 million settlement related to PFAS damage to drinking water in the Twin Cities region [2] Group 3: Technology and Future Prospects - 374Water's AirSCWO technology is designed to efficiently destroy a wide range of organic wastes, producing safe dischargeable water streams and recoverable heat energy [8] - The project is expected to commence in April 2026, showcasing the effectiveness of AirSCWO technology in addressing PFAS waste challenges [6]

Core Viewpoint - 374Water Inc. has appointed Charles Weiser, a seasoned finance executive, to its Board of Directors to enhance its financial and operational strategy as it focuses on the commercialization of its AirSCWO technology and Waste Destruction Services business [1][4]. Company Overview - 374Water Inc. is a global leader in organic waste destruction technology and services, targeting industrial, municipal, and federal markets [1]. - The company's AirSCWO technology is designed to efficiently destroy and mineralize a wide range of non-hazardous and hazardous organic wastes, producing safe dischargeable water, mineral effluent, vent gas, and recoverable heat energy [5]. Appointment of Charles Weiser - Charles Weiser brings extensive experience in finance, accounting, strategic planning, and business development, currently serving as CFO of Alonti Catering Kitchens [2]. - Weiser has previously held significant roles, including Managing Director at Imperial-Texas and Executive Vice President at American Green Technology [2]. - He holds an MBA in Finance/Accounting and a BBA in General Business from the University of Texas, Austin, and is a Certified Public Accountant in Texas and Florida [3]. Strategic Importance - The appointment of Weiser is seen as crucial for supporting 374Water's evolution and governance as it embarks on the next phase of its commercialization initiatives [4]. - The company aims to create sustainable, long-term value for its shareholders through this strategic governance enhancement [4].

Core Insights - 374Water Inc. has partnered with Cedar Rapids Water Control Pollution Facility and Brown and Caldwell to implement a project aimed at destroying PFAS-contaminated biosolids [1][3][4] - The project is set to begin in early Q1 2026, with initial waste destruction followed by independent validation of results [2] - The partnership aims to address the growing concern of PFAS, which are persistent chemicals found in municipal biosolids, to ensure regulatory compliance and public health safety [3][4] Company Overview - 374Water Inc. is a leader in organic waste destruction technology, focusing on wastewater treatment and waste management solutions for industrial, municipal, and federal markets [5] - The company's AirSCWO technology is designed to efficiently destroy a wide range of organic wastes, producing safe dischargeable water, mineral effluent, vent gas, and recoverable heat energy [5] - 374Water aims to help clients meet discharge requirements, reduce disposal costs, and mitigate risks associated with waste management [5] Facility Details - The Cedar Rapids Water Pollution Control Facility is one of Iowa's largest advanced wastewater treatment facilities, processing 45 million gallons per day and generating 120 tons of sludge daily [6] - The facility currently uses a multiple hearth incineration system for sludge destruction and is collaborating with the EPA to explore methods for reducing PFAS in its waste streams [6]

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Core Viewpoint - 374Water Inc. has announced a reverse stock split of 1-for-10 to comply with Nasdaq listing rules and enhance its market appeal, alongside leadership changes and stock purchases by management [3][5][4]. Leadership Changes - Stephen J. Jones has been appointed as Chairperson of the Board of Directors, replacing Rene Estes, and he continues as Interim President and CEO [1][4]. - James Pawlowski has been appointed as Lead Independent Director [1]. Stock Purchase Activity - Stephen J. Jones completed an open market purchase of 450,000 shares of 374Water common stock, with additional purchases made by other management members [2][4]. Reverse Stock Split Details - The reverse stock split was approved at the special meeting of stockholders on December 15, 2025, and will take effect on December 26, 2025 [3][6]. - The split aims to maintain compliance with Nasdaq's minimum bid price requirement and attract a broader range of institutional and retail investors [5][6]. Company Overview - 374Water Inc. is a leader in organic waste destruction technology, providing solutions for wastewater treatment and waste management across industrial, municipal, and federal markets [7]. - The company's AirSCWO technology efficiently destroys a wide range of organic wastes, producing safe dischargeable water and recoverable heat energy [7].

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Financial Data and Key Metrics Changes - Revenue for Q3 2025 increased to $760,000 compared to $81,000 in the prior year, representing a significant growth [18][19] - Total operating expenses rose 64% to $4.6 million for the three months ended September 30, 2025, up from $2.8 million in the prior year [19][20] - Net loss for Q3 2025 was $4.3 million, compared to $2.7 million in the prior year [21] - Cash and cash equivalents as of September 30, 2025, were $0.9 million, down from $10.7 million as of December 31, 2024 [21] Business Line Data and Key Metrics Changes - The increase in revenue was primarily due to a $643,000 rise in service revenues from completed waste destruction service projects [19] - The company is focusing on waste destruction services as it produces stable, recurring revenues and higher EBITDA margins [8][17] Market Data and Key Metrics Changes - The waste treatment market, including PFAS destruction, is estimated to be approximately $450 billion, presenting significant growth opportunities [8] - The company is actively pursuing partnerships with TSDF operators across the U.S. to expand its waste destruction services [34][35] Company Strategy and Development Direction - The company aims to commercialize its proprietary AirSCWO technology and expand its waste destruction services business [4][5] - The strategy includes a three-pronged approach: waste destruction services, capital sale of equipment, and leasing options [17] - The company is targeting a revenue range of $6-$8 million for 2026, which represents a 50%-100% increase over expected 2024 revenues [15][30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's growth potential and the demand for its services, particularly in the PFAS destruction market [8][30] - The company is focused on improving throughput and operational efficiency to enhance profitability [27][28] Other Important Information - The company raised approximately $7 million from its ATM facility, extending its cash runway into Q2 2026 [14] - A special meeting of shareholders is scheduled for December 15, 2025, to discuss a proposed reverse stock split to maintain NASDAQ listing compliance [24][25] Q&A Session Summary Question: How is the pipeline in the TSDF segment? - Management indicated that discussions are ongoing with several TSDF operators in the U.S. to deploy AirSCWO units, with Crystal Clean being the first partnership [34][35] Question: What is the timeline for the North Carolina contract's second phase? - The first phase involves processing 1,000 gallons of AFFF, with the second phase potentially treating an additional 28,000 gallons, pending successful completion of the first phase [37] Question: How do you see the mix of business between waste services and capital sales in 2026? - The mix will include both waste destruction services and capital sales, with a focus on higher-margin service business [38][41]