SHENZHEN, China, Jan. 06, 2026 (GLOBE NEWSWIRE) -- CDT Environmental Technology Investment Holdings Limited (Nasdaq: CDTG) (“CDT”, the “Company”, or “we”), a leading provider of waste treatment systems and services throughout China, today announced that that it entered into share subscription agreements (each a “Share Subscription Agreement”) with six investors (each a “Subscriber”) on or around December 8, 2025, pursuant to which the Subscribers have agreed to subscribe in the aggregate 2,000,000 class A o ...

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 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 Viewpoint - CDT Environmental Technology Investment Holdings Limited held its annual general meeting (AGM) on November 26, 2025, where all resolutions were passed by shareholders, including a significant share consolidation plan [1][2]. Shareholder Resolutions - The AGM approved a consolidation of every twenty-five (25) existing Class A ordinary shares of US$0.0025 par value into one (1) Class A ordinary share of US$0.0625 par value [2]. - Similarly, every twenty-five (25) existing Class B ordinary shares of US$0.0025 par value will be consolidated into one (1) Class B ordinary share of US$0.0625 par value [2]. - The authorized share capital will be adjusted to US$250,000, divided into 3,760,000 Class A ordinary shares and 240,000 Class B ordinary shares [2]. - Fractional entitlements resulting from the share consolidation will not be issued but rounded up to the next whole number [2]. - The Board is authorized to determine the effective date of the share consolidation and make necessary changes to the authorized share capital [2]. Board Appointments - Mr. Ling Kai was appointed as an executive director of the Company with immediate effect [3]. - Mr. Chen Xi was appointed as an independent director of the Company with immediate effect [3]. Voting Results - The independent inspector of election certified that 6,166,191 shares were voted, representing approximately 50.03% of CDT's outstanding shares as of the record date [4]. - The share consolidation will only take place if the Board determines it is in the best interest of the Company, with the discretion to effect the consolidation expiring on the first anniversary of the AGM [5]. Company Overview - CDT is a leading provider of waste treatment systems and services in China, focusing on sustainable development through innovative solutions [6]. - The Company designs, develops, manufactures, sells, installs, operates, and maintains sewage treatment systems, having completed over 150 plants across China [7]. - CDT aims to help customers achieve critical infrastructure objectives while promoting positive changes in environmental protection technology [7].

Core Viewpoint - CDT Environmental Technology Investment Holdings Limited held its annual general meeting (AGM) on November 26, 2025, where all resolutions were passed by shareholders, indicating strong support for the company's strategic decisions and governance [1][4]. Group 1: AGM Resolutions - The AGM resulted in the approval of several key resolutions, including the adoption of a third amended and restated memorandum and articles of association, which will take effect following a share consolidation [2]. - Mr. Ling Kai was appointed as an executive director, and Mr. Chen Xi was appointed as an independent director, both effective immediately [3]. Group 2: Share Consolidation Details - The proposed share consolidation involves consolidating every twenty-five existing Class A and Class B ordinary shares into one consolidated share, which will adjust the nominal value accordingly [5]. - The authorized share capital post-consolidation will be US$250,000, divided into 3,760,000 Class A ordinary shares and 240,000 Class B ordinary shares [5]. - The share consolidation will only occur if the Board determines it is in the best interest of the company, with a deadline for this decision set for one year after the AGM [6]. Group 3: Company Overview - CDT is a leading provider in China's waste treatment sector, focusing on designing, developing, and maintaining sewage treatment systems, with a commitment to sustainable development [7]. - The company has completed over 150 plants across China, showcasing its capability to deliver comprehensive waste treatment solutions [8].

Core Viewpoint - CDT Environmental Technology Investment Holding Co., Ltd. is entering the green hydrogen sector by leveraging its expertise in urban and rural organic waste treatment, aiming to provide solutions for resource utilization and clean energy [1][2]. Strategic Growth Initiative and Background - The initiative addresses the significant demand for resource utilization of urban and rural organic waste in China, with over 3.9 billion tons of crop straw and livestock manure generated annually and municipal sludge production projected to exceed 100 million tons in 2025 [2]. - The hydrogen energy industry in China is rapidly developing, reaching several hundred billion RMB (over USD 40 billion) in scale by 2024, creating a commercial connection between waste treatment and green hydrogen opportunities [2]. Technology Collaboration and R&D Foundation - The company has appointed a senior expert from the Guangzhou Institute of Energy Conversion as Chief Scientist to establish a technical collaboration, focusing on high-temperature gasification technology to convert organic waste into syngas [3][4]. - The company participated in drafting the "Technical Requirements for Waste-to-Hydrogen Based on High-Temperature Pyrolysis and Gasification" standard, which was published in January 2025 [4]. Drive Diversified Revenue Sources Through New Business Model - The company plans to implement an "EPC engineering + long-term operation" business model, focusing on syngas resource utilization to create diversified revenue sources [5]. - The hydrogen production pathway involves purifying syngas to produce high-purity hydrogen for industrial or fuel cell applications, while the heat supply pathway allows for direct combustion of syngas to provide clean industrial steam [5]. - Residual syngas can be used for grid-connected power generation, achieving cascading energy utilization [5][6]. Revenue Structure Transformation - The company aims to transform traditional environmental expenditure into a composite revenue structure of "treatment fees + energy product sales" by collecting waste treatment service fees from waste generators [6]. - The technical solution offers multiple commercialization pathways for the same syngas stream, allowing optimization based on regional market conditions and customer needs [6]. Company Overview - CDT is a leading player in China's waste treatment sector, dedicated to promoting sustainable development through innovative solutions and has completed over 150 plants across China [7][8].

Core Viewpoint - CDT Environmental Technology Investment Holding Co., Ltd. is entering the green hydrogen sector as part of a strategic growth initiative aimed at addressing the demand for organic waste treatment and clean energy solutions [1][2]. Strategic Growth Initiative and Background - The initiative targets the significant resource utilization of urban and rural organic waste in China, with over 3.9 billion tons of crop straw and livestock manure generated annually [2]. - Municipal sludge production is projected to exceed 100 million tons in 2025, while the hydrogen energy industry reached several hundred billion RMB (over USD 40 billion) in 2024 [2]. Technology Collaboration and R&D Foundation - The company has appointed a Chief Scientist from the Guangzhou Institute of Energy Conversion to enhance its technical capabilities [3]. - High-temperature gasification technology is employed to convert organic waste into syngas, primarily hydrogen and carbon monoxide, at temperatures of 700-900°C [3]. Standards and Technical Optimization - A subsidiary participated in drafting the "Technical Requirements for Waste-to-Hydrogen Based on High-Temperature Pyrolysis and Gasification," which was published in January 2025 [4]. Business Model and Revenue Diversification - The company plans to implement an "EPC engineering + long-term operation" business model, focusing on syngas resource utilization to create diversified revenue sources [5]. - Waste treatment service fees will be collected from waste generators, transforming traditional environmental expenditure into a composite revenue structure of treatment fees and energy product sales [5]. Hydrogen Production and Utilization Pathways - Syngas can be purified to produce high-purity hydrogen for industrial or fuel cell applications [6]. - It can also be combusted to supply clean industrial steam, and residual syngas can be used for grid-connected power generation [6]. Flexibility and Project Evaluation - The company's technical solution allows for multiple commercialization pathways for syngas, optimizing project configurations based on regional market conditions and customer needs [7].

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]

Core Insights - 374Water Inc. reported a significant increase in third-quarter revenues to $0.8 million, driven by higher service revenues, and projects full-year revenues for 2025 to be approximately $4 million [1][13] - The company has strengthened its balance sheet with a $7.0 million at-the-market facility, extending its cash runway into Q2 2026 [5][13] - The management is focused on the successful commercialization of its Super Critical Water Oxidation (SCWO) technology, particularly for PFAS waste destruction [2][6] Financial Performance - For Q3 2025, total revenue was $760,000, a substantial increase from $81,000 in the same period last year, primarily due to a $643,000 rise in service revenues [7][13] - Operating expenses rose by 64% to $4.6 million, attributed to expanded operations, including increased compensation and research and development costs [7][8] - The net loss for Q3 2025 was $4.3 million, compared to $2.7 million in the prior year, reflecting ongoing investments in commercialization and operational costs [13][17] Operational Highlights - The company completed a commercial-scale waste destruction project for the Department of Defense, successfully destroying PFAS waste streams [2][3] - A collaboration agreement was signed with Crystal Clean to enhance waste destruction services, aiming to scale operations across North America [3] - Recent orders include a deployment of the AirSCWO 6 system for the City of Olathe, KS, to assess its potential as a sustainable alternative for sludge management [4] Future Outlook - The company anticipates 2026 revenues to be in the range of $6-8 million, driven by ongoing project deployments and a growing pipeline of opportunities [6] - Management is optimistic about achieving additional milestones and announcements in the coming months [6]

Financial Data and Key Metrics Changes - Revenue for Q3 2025 was reported at $16.5 million, a slight decrease from $16.8 million in the same period last year, while gross profit more than doubled to $2.6 million from $1.3 million a year ago [5] - Gross margin expanded to 14.6% from 7.9%, driven by higher waste volumes and a favorable mix within treatment operations, despite increased fixed costs [5] - EBITDA showed meaningful improvement compared to the prior quarter, reflecting stronger throughput and execution discipline [5] Business Line Data and Key Metrics Changes - The treatment segment revenue increased by 45% year over year to $13.1 million, up from $9.1 million in Q3 2024, with gross margin improving to 17.3% from 4.5% [6] - Waste sales totaled $14.6 million, a 74% increase from $8.4 million in the same period last year [6] - Treatment backlog ended the quarter at $15.4 million, up from $7.9 million a year ago, indicating strong visibility into future revenue [6] Market Data and Key Metrics Changes - International waste shipments are on schedule and expected to continue into the first half of 2026, contributing to backlog stability and revenue diversity [7] - The Department of Energy's Direct Feed Low-Activity Waste facility initiated hot commissioning, marking a significant milestone in environmental cleanup efforts [7][8] Company Strategy and Development Direction - The company is positioned as a critical commercial link in the DOE's waste treatment chain, which is expected to provide long-term recurring revenue as the DOE's cleanup mission advances [8] - The PFAS destruction initiative is advancing technically and commercially, with the first-generation Perma-Fast system achieving complete destruction of PFAS compounds at a cost advantage to incineration [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's operational progress and margin expansion, highlighting the importance of automation and digital scheduling in improving productivity [6] - The company is prepared to meet DOE throughput requirements while maintaining excellent safety performance, indicating a strong operational foundation for future growth [8] Other Important Information - The company completed a union transition that improved labor stability and increased hiring efficiency, allowing for multi-shift operations [8] Q&A Session Summary - No specific questions or answers were provided in the available content, indicating that the Q&A session details are not included in the provided excerpts.