374Water Receives Purchase Order from Garney Construction for AirSCWO System Deployment at City of Olathe Municipal Wastewater Facility

Rhea-AI Summary

374Water (NASDAQ:SCWO) received a Purchase Order from Garney Construction on March 12, 2026 to deploy its AirSCWO system at the City of Olathe municipal wastewater facility. The PO triggers a $2.3M invoice and payment and advances commercial deployment to permanently destroy PFAS-contaminated biosolids.

This milestone signals expanded municipal adoption potential for 374Water's scalable PFAS destruction technology amid growing regulatory pressure on waste management practices.

Positive

• $2.3M invoice triggered by Garney Purchase Order
• Commercial deployment at City of Olathe advances AirSCWO adoption
• Partnership with national contractor Garney Construction strengthens integration capability

Negative

• None.

Key Figures

Olathe PO invoice: $2.3M

1 metrics

Olathe PO invoice $2.3M Invoice triggered by Garney Construction purchase order for Olathe deployment

Market Reality Check

Price: $2.60 Vol: Volume 65,935 is 1.26x th...

normal vol

$2.60 Last Close

Volume Volume 65,935 is 1.26x the 20-day average of 52,425, indicating elevated interest ahead of this milestone. normal

Technical Shares trade below the 200-day MA of 3.1 with the current price at 2.6, still well under the 10.9 52-week high.

Peers on Argus

SCWO is up 8.33% while close peers show mixed moves: RAIN up 6.34%, FTEK up 0.78...

3 Up 1 Down

SCWO is up 8.33% while close peers show mixed moves: RAIN up 6.34%, FTEK up 0.78%, but ZONE, CLIR, and LIQT down between -5.84% and -11.41%, pointing to a stock-specific reaction to this order win.

Historical Context

5 past events · Latest: Mar 10 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Mar 10	Municipal services deal	Positive	-4.0%	Five-year Orlando WDS hub approval and PFAS destruction performance >99.95%.
Feb 24	Leadership overhaul	Positive	+10.0%	New CEO and three directors to drive commercial rollout and capital formation.
Feb 09	Board appointment	Positive	-6.9%	Appointment of Stephen McKnight to support commercialization and WDS scaling.
Jan 14	Nasdaq compliance	Positive	-0.4%	Regained compliance with Nasdaq $1.00 minimum bid price requirement.
Jan 05	Board expansion	Positive	+0.8%	Addition of Bradley Freels to support capital allocation and pipeline advancement.

Pattern Detected

Recent news often skews positive but price reactions have been mixed, with both rallies and selloffs on seemingly constructive updates.

Recent Company History

Over the past few months, 374Water has focused on strengthening governance and advancing commercialization of its AirSCWO platform. Board additions in January–February 2026 and the CEO transition on February 24, 2026 aimed to align strategy and capital allocation. Compliance with Nasdaq’s $1.00 bid requirement was regained by January 9, 2026. A recent five-year Orlando Waste Destruction Services agreement underscored commercial momentum. Today’s Olathe purchase order continues this theme of municipal deployments for PFAS destruction.

Regulatory & Risk Context

Active S-3 Shelf · $100,000,000

Shelf Active

Active S-3 Shelf Registration 2025-12-12

$100,000,000 registered capacity

An effective S-3/A shelf filed on 2025-12-12 registers up to $100,000,000 of securities, including up to $50,000,000 in at-the-market common stock, providing flexibility for future capital raises that could affect existing holders.

Market Pulse Summary

This announcement highlights a tangible commercial milestone: a Garney Construction purchase order t...

Analysis

This announcement highlights a tangible commercial milestone: a Garney Construction purchase order that triggers a $2.3M invoice and advances the Olathe municipal deployment for PFAS destruction. It continues a series of municipal- and services-focused steps, including the recent Orlando license and leadership changes aimed at commercialization. Investors may watch for further municipal wins, execution timelines, and any use of the $100,000,000 shelf to fund additional AirSCWO deployments.

Key Terms

pfas, per- and polyfluoroalkyl substances, biosolids

3 terms

pfas medical

"Eliminate PFAS and Organic WastesMORRISVILLE, NC / ACCESS Newswire..."

PFAS are a group of human-made chemicals used in many everyday products, such as non-stick cookware, water-repellent clothing, and food packaging, because they resist heat, water, and grease. They are often called "forever chemicals" because they do not break down easily in the environment or the human body, potentially leading to health concerns. For investors, the presence of PFAS-related risks can impact companies’ reputations, legal liabilities, and future costs.

per- and polyfluoroalkyl substances medical

"Per- and polyfluoroalkyl substances ("PFAS"), known widely as "forever chemicals"..."

Per- and polyfluoroalkyl substances (PFAS) are a large group of man-made chemicals known for resisting water, grease and heat, used historically in products like nonstick cookware, firefighting foams and stain-resistant fabrics. They matter to investors because PFAS can persist in the environment and people, prompting strict regulations, cleanup costs, product liability and shifting consumer demand — like a hidden leak that can suddenly require expensive repairs and change a company’s future cash flow and reputation.

biosolids technical

"destruction of PFAS-contaminated biosolids."Receiving this Purchase Order..."

Biosolids are the nutrient‑rich organic solids left after sewage is treated to remove pathogens and pollutants; they are often processed and applied to soil as a fertilizer or soil conditioner. For investors, biosolids matter because they create markets and regulatory obligations for wastewater utilities, waste‑management companies and agricultural suppliers, and carry both revenue potential (recycling and energy recovery) and risks from environmental rules, contamination concerns and public opposition.

AI-generated analysis. Not financial advice.

Olathe Deployment Advances as 374Water Accelerates Its Mission to Eliminate PFAS and Organic Wastes

MORRISVILLE, NC / ACCESS Newswire / March 12, 2026 / 374Water Inc. (NASDAQ:SCWO) ("374Water" or the "Company"), a global leader in organic waste destruction technology for industrial, municipal, and federal markets, today announced that it has received the Purchase Order ("PO") from Garney Construction ("Garney"), a national leader in water and wastewater treatment plants and infrastructure projects, which was selected by the City to lead construction and integration activities.

The Purchase Order is a critical commercial milestone, triggering the issuance of a $2.3M invoice and payment to 374Water, and activating the next phase of a project that positions Garney, the City of Olathe, and 374Water to advance the Company's proven and scalable solution for the safe and permanent destruction of PFAS-contaminated biosolids.

"Receiving this Purchase Order from Garney Construction is a significant step forward - it signals that the Olathe project is fully in motion and that our technology is being put to work solving one of the most critical waste management challenges," said Sunny Viswanathan, Vice President of Solutions at 374Water. "The PFAS crisis is forcing municipalities to change their practices from the status quo to destruction, and 374Water is uniquely positioned to provide municipalities with a permanent, proven solution. Olathe represents exactly the kind of high-impact deployment that we believe will catalyze broader adoption of AirSCWO technology across markets."

Per- and polyfluoroalkyl substances ("PFAS"), known widely as "forever chemicals" - have become one of the most pressing regulatory and public health challenges facing municipal wastewater treatment operators today. Municipalities are undergoing regulatory and environmental pressure for technologies capable of permanently destroying PFAS, according to analysis from the U.S. EPA.

The City of Olathe's deployment represents the technology's growing commercial momentum as municipalities seek a sustainable alternative to traditional management practices, including land application, incineration and landfill disposal.

About 374Water

374Water Inc. (NASDAQ: SCWO) is a global industrial technology and services company providing innovative solutions addressing wastewater treatment and waste management issues within the industrial, municipal, and federal markets. 374Water's AirSCWO technology is designed to efficiently destroy and mineralize a broad spectrum of nonhazardous and hazardous organic wastes, producing safe dischargeable water streams, safe mineral effluent, safe vent gas, and recoverable heat energy. 374Water's AirSCWO technology has the potential to assist its customers to meet discharge requirements, reduce or eliminate disposal costs, remove bottlenecks, and reduce litigation and other risks. 374Water continues to be a leader in innovative waste treatment solutions, dedicated to creating a greener future and eradicating harmful pollutants. Learn more by visiting www.374water.com and following us on LinkedIn.

Forward-Looking Statements

Certain statements in this communication are "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words such as "anticipate," "believe," "confidence," "could," "design," "estimate," "expect," "intend," "may," "plan," "predict," "project," "potential," or other comparable terminology are intended to identify forward-looking statements. These statements include 374Water's belief that Olathe represents exactly the kind of high-impact deployment will catalyze broader adoption of AirSCWO technology across markets. 374Water has based these forward-looking statements on its current expectations, assumptions, estimates, beliefs, and projections. While 374Water believes these expectations, assumptions, estimates, and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which involve factors or circumstances that are beyond the 374Water's control. These forward-looking statements are subject to risks and uncertainties, including those discussed under "Risk Factors" in 374Water's Form 10-Q for the quarter ended September 30, 2025, and in 374Water's subsequent filings and reports with the SEC. The forward-looking statements herein are made only as of the date they were first issued, and unless otherwise required by laws, 374Water disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Investor Relations Contact

Belton Copp
Vice President
Direct: 401-419-1545
Belton.Copp@374water.com
www.374Water.com

SOURCE: 374Water Inc.

View the original press release on ACCESS Newswire

FAQ

What did 374Water (SCWO) announce on March 12, 2026 about Olathe?

They announced receipt of a Purchase Order from Garney Construction that activates the Olathe deployment. According to the company, the PO triggers a $2.3M invoice and payment and moves the AirSCWO installation into the next phase.

How much revenue does the Garney PO generate for 374Water (SCWO)?

The Purchase Order activates a $2.3M invoice payable to 374Water. According to the company, that payment is tied directly to the Olathe AirSCWO deployment and marks a key commercial milestone in project execution.

What is the purpose of deploying AirSCWO at the City of Olathe for SCWO?

The AirSCWO system is intended to permanently destroy PFAS-contaminated biosolids at the municipal facility. According to the company, the technology offers a scalable alternative to land application, incineration, and landfill disposal.

Why is municipal demand for PFAS destruction relevant to 374Water (SCWO)?

Municipal regulatory pressure is increasing demand for permanent PFAS destruction solutions. According to the company, Olathe represents growing commercial momentum that could catalyze broader AirSCWO adoption across municipalities.

What role does Garney Construction play in the SCWO Olathe project?

Garney Construction was selected by the City to lead construction and system integration for the project. According to the company, Garney's PO starts project execution and integration of AirSCWO at the wastewater facility.