Board Director, Former CEO of Covanta Holding Corporation & Veteran Industrial Executive to Lead Company through Next Phase of Commercialization and New CEO Search Mr. Jones to Provide Strategic Update During Upcoming Third Quarter Results Conference Call on November 12, 2025 DURHAM, N.C., Oct. 08, 2025 (GLOBE NEWSWIRE) -- 374Water Inc. (NASDAQ: SCWO) (“374Water” or the “Company”), a global leader in organic waste destruction technology and services for the municipal, federal, and industrial markets, today ...

Veteran Strategist and IR Expert to Lead Capital Markets Communication Program DURHAM, N.C., Sept. 22, 2025 (GLOBE NEWSWIRE) -- 374Water Inc. (NASDAQ: SCWO) (“374Water”), a global leader in organic waste destruction technology and services for the municipal, federal, and industrial markets, today announced the appointment Jim Siccardi as its new Senior Vice President of Investor Relations. Jim Siccardi is a seasoned strategist and Investor Relations expert with over 20 years of experience in driving shareho ...

Core Viewpoint - 374Water Inc. is actively participating in multiple investment conferences in September 2025, showcasing its leadership in organic waste destruction technology and services [1][2]. Group 1: Conference Participation - 374Water's President and CEO Chris Gannon and CFO Russell Kline will attend the Lake Street 9th Annual Best Ideas Growth (BIG9) Conference on September 11, 2025, and the H.C. Wainwright 27th Annual Global Investment Conference on September 8-9, 2025 [2][3]. - CFO Russell Kline will present at Gabelli Funds' 3rd PFAS Symposium on September 17, 2025 [2][4]. Group 2: Company Overview - 374Water Inc. is a global leader in industrial technology and services, focusing on innovative solutions for wastewater treatment and waste management in municipal, federal, and industrial markets [5]. - The company's AirSCWO technology efficiently destroys and mineralizes a wide range of organic wastes, producing safe dischargeable water, mineral effluent, vent gas, and recoverable heat energy [5].

Core Viewpoint - 374Water Inc. has successfully demonstrated the effectiveness of its AirSCWO technology in destroying toxic PFAS in landfill leachate, achieving non-detectable levels of PFAS in the effluent, which addresses a significant environmental concern [1][6][7]. Company Overview - 374Water Inc. is a global leader in organic waste destruction technology, focusing on municipal, federal, and industrial markets [1][9]. - The company’s AirSCWO technology is designed to efficiently destroy a wide range of organic wastes, producing safe dischargeable water streams and recoverable heat energy [9]. Industry Context - Landfill leachate management has become a pressing issue due to growing concerns over toxins and environmental impacts, with approximately 3,000 active landfills and over 10,000 capped landfills in the U.S. [2][4]. - PFAS contamination in leachate is a significant concern for government agencies, as these substances are found in many everyday products and can leach into the environment [4][5]. Technological Impact - The AirSCWO system consistently achieves over 99.99% destruction of PFAS compounds, providing a breakthrough solution for landfill operators [7]. - The technology allows for the elimination of PFAS at the source, reducing reliance on outdated municipal treatment plants [6][7]. Market Opportunity - 374Water is targeting an $80 million per year addressable market by partnering with landfill operators to improve operational resilience and reduce liabilities [8].

Core Viewpoint - 374Water Inc. is experiencing strong momentum in its AirSCWO technology deployments, particularly in waste destruction projects, which are expected to drive future growth and operational success [2][6]. Operational Highlights - The company initiated a biosolids destruction project in Orlando, which is anticipated to expand in scope upon successful completion [2]. - Progress was made in manufacturing the AS6 System for deployment to Orange County Sanitation in the latter half of 2025 [2]. - An AS6 System was successfully delivered to Clean Earth's facility in Detroit as part of a Department of Defense project aimed at PFAS waste destruction [3]. - The company deployed its technology in a project at Colorado School of Mines, focusing on PFAS waste destruction solutions [4]. - The first phase of a biosolids destruction demonstration in Orlando was completed, achieving non-detectable PFAS levels in effluent [7]. Financial Summary - For Q2 2025, revenue reached $600,000, a significant increase from $37,000 in the same period last year, primarily driven by waste destruction services and equipment manufacturing [9]. - Operating expenses rose by 45% to $4.4 million, attributed to increased compensation and administrative costs [9]. - The net loss for Q2 2025 was $4.6 million, compared to $2.9 million in the prior year [9]. - Cash and cash equivalents decreased to $2.1 million from $10.7 million at the end of 2024, with working capital also declining [11]. Strategic Developments - The company signed a Waste Destruction Services term sheet with a leading environmental solutions provider to enhance its operational capabilities [10]. - New board appointments include Stephen Jones and James Pawloski, who bring extensive industry experience to support the company's growth [5]. Future Outlook - The company anticipates completing the manufacturing of an AS1 system and launching initial Waste Destruction Services operations in the second half of 2025 [6]. - Continued advancements in the AirSCWO technology are expected to generate demand across municipal, federal, and industrial waste destruction markets [6].

Company Overview - 374Water Inc. is a global leader in organic waste destruction technology and services, focusing on municipal, federal, and industrial markets [3] - The company provides innovative solutions for wastewater treatment and waste management, utilizing its AirSCWO technology to efficiently destroy and mineralize a wide range of organic wastes [3] Upcoming Conference Call - A conference call is scheduled for August 12, 2025, at 4:30 p.m. Eastern time to discuss the second quarter results ending June 30, 2025 [1][2] - The call will be hosted by CEO Chris Gannon and CFO Russell Kline, followed by a Q&A session [2] - A press release detailing the results will be issued prior to the call, and a presentation will be available during the webcast [1][2] Technology and Services - 374Water's AirSCWO technology produces safe dischargeable water streams, safe mineral effluent, safe vent gas, and recoverable heat energy [3] - The technology aims to help customers meet discharge requirements, reduce or eliminate disposal costs, and mitigate litigation risks [3] - The company is committed to creating a greener future by eradicating harmful pollutants [3]

Core Viewpoint - 374Water Inc. has successfully demonstrated the effectiveness of its AirSCWO technology in destroying PFAS in biosolids to non-detectable levels, addressing a growing national issue related to PFAS contamination in wastewater treatment [1][4]. Industry Overview - The disposal of PFAS contaminated biosolids from wastewater treatment plants is becoming a significant national concern due to environmental impacts and limited disposal options [2][3]. - PFAS, known as "forever chemicals," are persistent and hazardous, found in many everyday products, leading to contamination of soil, crops, groundwater, and livestock [3]. Company Developments - 374Water's AirSCWO system has consistently achieved over 99.99% destruction of organic compounds in biosolids, producing effluents with PFAS levels below U.S. EPA drinking water standards [4]. - The company is experiencing increased market demand for innovative solutions to destroy PFAS-contaminated waste streams across municipal, federal, and industrial sectors [5]. - 374Water's technology is positioned as a differentiated solution to address a broad range of PFAS-impacted waste streams, contributing to the global challenge of PFAS contamination [5][6].

Core Insights - 374Water Inc. is deploying its AirSCWO technology in a project with the Colorado School of Mines and the Department of Defense (DoD) to evaluate solutions for destroying PFAS contaminated wastes [1][2] - The project is part of the Environmental Security Technology Certification Program (ESTCP), which aims to enhance military readiness and improve defense infrastructure through innovative technologies [2] - 374Water's AirSCWO technology has demonstrated waste destruction results exceeding 99.99% for various organic waste streams, including PFAS [4] Company Overview - 374Water Inc. is a global leader in organic waste destruction technology, focusing on municipal, federal, and industrial markets [1][7] - The company's AirSCWO technology efficiently destroys a wide range of organic wastes, producing safe dischargeable water, mineral effluent, and recoverable heat energy [7] - 374Water aims to support clients in meeting discharge requirements, reducing disposal costs, and minimizing litigation risks [7] Industry Context - PFAS, known as "forever chemicals," are hazardous substances that pose significant risks to human health and the environment, leading to stringent regulations [5] - The urgency for PFAS remediation is highlighted by the U.S. National Defense Authorization Act, which mandates the transition to fluorine-free firefighting foams at DoD installations by October 2024 [5] - The DoD initiative emphasizes the growing demand for reliable and scalable PFAS destruction technologies [5]

Core Insights - 374Water Inc. reported its financial and operational results for Q1 2025, focusing on the commercial rollout of its AirSCWO technology and expanding its waste destruction services [1][2][4] Financial Performance - Revenue for Q1 2025 was $0.5 million, an increase from $0.3 million in the prior year, primarily driven by equipment manufacturing services and full-scale demonstrations [12][20] - Total operating expenses rose 106% to $3.9 million compared to $1.9 million in the previous year, attributed to increased general and administrative expenses, professional fees, and compensation [12][20] - The net loss for Q1 2025 was $3.7 million, compared to a net loss of $2.0 million in the prior year [12][20] Operational Developments - The company is advancing its AirSCWO technology, with significant progress in ruggedizing and optimizing the system, and plans for multiple deployments throughout 2025 [5][6] - A contract was awarded by the State of North Carolina to destroy 1,000 gallons of AFFF containing PFAS, with potential for an additional 29,000 gallons in a subsequent phase [2][4] - The company has appointed new executives, including Raj Melkote as Chief Technology Officer and Stephen Jones to the Board of Directors, to enhance its commercial strategy [3][12] Market Context - The U.S. EPA's recent actions to combat PFAS contamination are expected to create strong demand for 374Water's AirSCWO platform, as companies seek to limit liability and comply with new regulations [4][6] - The company is establishing Waste Destruction Services operations at a partner facility, which will support its commercial rollout [12][6] Upcoming Initiatives - The company anticipates completing various waste destruction demonstrations and launching its AS1 and AS6 units, with plans to accept third-party waste streams [5][12] - Key upcoming events include the completion of a 90-day biosolids destruction demonstration at Orlando's facility and the anticipated Department of Defense project in Detroit [12][6]

Company Overview - 374Water Inc. is a global leader in waste destruction technology, focusing on municipal, federal, and industrial markets [3] - The company provides innovative solutions for wastewater treatment and waste management, utilizing its AirSCWO technology [3] - AirSCWO technology efficiently destroys and mineralizes a wide range of organic wastes, producing safe dischargeable water, mineral effluent, vent gas, and recoverable heat energy [3] Upcoming Conference Call - A conference call will be held on May 15, 2025, at 4:30 p.m. Eastern time to discuss the first quarter results ending March 31, 2025 [1] - The call will be hosted by CEO Chris Gannon and CFO Russell Kline, followed by a Q&A session [2] - A press release detailing the results will be issued prior to the call, and a presentation will be available during and after the call [1][2] Access Information - Dial-in numbers for the conference call are 1-877-423-9813 for U.S. and 1-201-689-8573 for international participants [2] - A telephone replay will be available approximately three hours after the call until May 29, 2025 [2] - The replay can be accessed by dialing 1-844-512-2921 from the U.S. or 1-412-317-6671 internationally, using the replay pin number: 13753142 [2]