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374Water's AirSCWO Technology Destroys PFAS ‘Forever Chemicals' in Landfill Leachate
Globenewswire· 2025-08-19 12:31
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 - The technology allows for the elimination of PFAS at the source, reducing reliance on outdated municipal treatment plants [6][7].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].
374Water to Host Second Quarter 2025 Results Conference Call on Tuesday, August 12, 2025 at 4:30 p.m. Eastern Time
Globenewswire· 2025-08-04 12:31
DURHAM, N.C., Aug. 04, 2025 (GLOBE NEWSWIRE) -- 374Water Inc. (NASDAQ: SCWO) (“374Water”) (the “Company”), a global leader in organic waste destruction technology and services for the municipal, federal, and industrial markets, will hold a conference call on Tuesday, August 12, 2025 at 4:30 p.m. Eastern time to discuss its results for the second quarter ended June 30, 2025. A press release detailing these results will be issued prior to the call. 374Water CEO Chris Gannon and CFO Russell Kline will host the ...
374Water AirSCWO Technology Destroys PFAS in Biosolids
GlobeNewswire· 2025-07-31 12:31
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].
374Water to Demonstrate PFAS Destruction with DoD ESTCP and Colorado School of Mines
Globenewswire· 2025-07-10 12:31
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]
374Water Reports First Quarter 2025 Financial Results
Globenewswire· 2025-05-15 20:01
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]
374Water to Host First Quarter 2025 Results Conference Call on Thursday, May 15, 2025 at 4:30 p.m. Eastern Time
Globenewswire· 2025-05-01 12:31
DURHAM, N.C., May 01, 2025 (GLOBE NEWSWIRE) -- 374Water Inc. (NASDAQ: SCWO) ("374Water") (the "Company"), a global leader in waste destruction technology for the municipal, federal, and industrial markets, will hold a conference call on Thursday, May 15, 2025 at 4:30 p.m. Eastern time to discuss its results for the first quarter ended March 31, 2025. A press release detailing these results will be issued prior to the call. 374Water CEO Chris Gannon and CFO Russell Kline will host the conference call, follow ...
374Water Appoints Stephen Jones to Board of Directors
Newsfilter· 2025-04-17 12:31
Former CEO of Covanta Holding Corporation & Veteran Industrial Executive to Advance Commercial Rollout of 374Water's AirSCWO Technology to Municipal, Federal, and Industrial Waste Destruction Markets DURHAM, N.C., April 17, 2025 (GLOBE NEWSWIRE) -- 374Water Inc. (NASDAQ:SCWO) ("374Water") (the "Company"), a global leader in waste destruction technology for the municipal, federal, and industrial markets, today announced the appointment of Stephen J. Jones to the company's Board of Directors, effective immedi ...
374Water to Participate in Gabelli Funds' 11th Annual Waste, Recycling & Environmental Services Symposium Taking Place April 3rd, 2025
Newsfilter· 2025-03-26 12:31
Company Overview - 374Water Inc. is a global leader in waste destruction technology, focusing on municipal, federal, and industrial markets [1][7] - The company provides innovative solutions for wastewater treatment and waste management, utilizing its AirSCWO technology to efficiently destroy and mineralize organic wastes [7] Upcoming Event - 374Water will participate in the Gabelli Funds' 11th Annual Waste, Recycling & Environmental Services Symposium on April 3, 2025, at The Harvard Club, New York City [1] - The event will feature presentations by senior management, emphasizing industry dynamics, new technologies, and company fundamentals [1] Management Engagement - Management is scheduled for a Fireside Chat and will host one-on-one meetings with institutional investors during the event [2] - In-person meetings will also be available on April 2 and April 5, 2025, in New York [4] Technology and Market Position - 374Water's AirSCWO technology helps customers meet discharge requirements, reduce disposal costs, and mitigate litigation risks [7] - The company is dedicated to creating a greener future by eradicating harmful pollutants [7]