Welcome to our dedicated page for 374Water news (Ticker: SCWO), a resource for investors and traders seeking the latest updates and insights on 374Water stock.
374Water Inc. (SCWO) pioneers sustainable waste transformation through its proprietary AirSCWO® technology, converting organic and hazardous materials into clean water and recoverable resources. This news hub provides investors and industry stakeholders with essential updates on the company's cleantech advancements.
Access real-time press releases covering technology deployments, regulatory milestones, and strategic partnerships. Our curated collection includes financial disclosures, environmental impact reports, and innovation announcements – all critical for evaluating 374Water's position in the waste management sector.
Discover updates on AirSCWO system implementations across municipal, federal, and industrial markets. Track progress in PFAS destruction capabilities and energy recovery initiatives. The archive serves as a comprehensive resource for understanding 374Water's role in advancing circular economy solutions.
Bookmark this page for streamlined access to operational updates and market expansion news. Verify all information through original source links while maintaining current awareness of 374Water's environmental technology leadership.
374Water has appointed Deborah Cooper as the new Chief Administrative Officer (CAO) and Chief of Staff, effective July 9, 2024. Cooper, with over 20 years of experience in organizational transformation, will focus on enhancing business operations and strategic planning to scale 374Water's operations. She will collaborate with CEO Chris Gannon on strategic initiatives and provide leadership across various business units. Prior to joining 374Water, Cooper held senior roles at National Fire and Safety, Oswald Companies, Unison Risk Advisors, and FRONTSTEPS. CEO Chris Gannon highlighted Cooper's track record in driving positive results and innovation. The appointment aligns with 374Water's mission to commercialize its AirSCWO technology and expand its market presence.
374Water announced the election of its new Board of Directors, with all seven nominees confirmed by stockholders. The elected members include Richard H. Davis, Marc Deshusses, Deanna Rene Estes, Chris Gannon, Terry Merrell, Buddie Joe Penn, and James Vanderhider. Each will serve a one-year term set to expire in 2025. In addition to the Board election, stockholders approved an increase of 14 million shares of common stock under the company's equity incentive plan. The newly elected Board aims to accelerate the commercialization of 374Water's AirSCWO technology and scale the business within the municipal, federal, and industrial markets. The changes reflect ongoing positive momentum and strategic evolution at 374Water, enhancing its governance and leadership to drive growth and innovation in waste destruction technologies.
374Water, a leader in sustainable waste management, announced its Q1 2024 results and business updates. New CEO Chris Gannon highlighted a strategic focus on product development, commercialization, and market expansion. Revenue for Q1 2024 was $315,000, down 61% from $801,000 in Q1 2023, primarily due to decreased costs associated with completed units. Operating expenses rose slightly to $1.9M from $1.8M in Q1 2023, driven by R&D costs. The company has $11.7M in working capital. Key initiatives include partnerships with the City of Orlando and Orange County Sanitation District, and ongoing discussions with major TSDF operators.
374Water, listed as NASDAQ:SCWO, has scheduled its First Quarter 2024 Earnings Release and Conference Call. The earnings results will be released after market close on May 15, 2024, followed by a conference call on May 17, 2024, to discuss quarterly results and provide a business update.
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