374Water Inc Stock Price, News & Analysis

374Water Inc. (OTCQB:SCWO) has announced the establishment of its first global subsidiary, 374Water Sustainability Israel LTD. This move aims to enhance its presence in Israel, where over 5 million tons of waste are generated annually. The formation follows a $900,000 grant from the Binational Industrial Research and Development Foundation for a cleantech project. The company's AirSCWO™ technology will provide sustainable waste management solutions, transitioning communities towards circular economies while eliminating harmful pollutants.

374Water (OTCQB:SCWO) announces the promotion of Israel Abitbol to Chief Financial Officer (CFO) and John Hofmann to Senior Vice President, effective immediately. Abitbol was previously the Head of Finance, while Hofmann was part-time CFO and key in establishing the company's financial foundation. Both moves align with 374Water's growth strategy. CEO Kobe Nagar emphasized Abitbol's readiness for the CFO role, highlighting his leadership and knowledge of the company's operations.

374Water Inc. (OTCQB:SCWO) announced that the Orange County Sanitation District has purchased an AirSCWO^TM system. This agreement aims to demonstrate a commercial-scale system for treating various types of waste, including biosolids and food waste. The AirSCWO^TM technology utilizes supercritical water oxidation to tackle challenges like high disposal costs and emerging contaminants. 374Water will manage the installation and operation of the system for six months before transferring it to OC San.

374Water Inc. (OTCQB: SCWO) has successfully closed a $5M private placement aimed at supporting its planned NASDAQ listing in 2022. The company has appointed Cherry Bekaert LLP as its new auditor and retained Donohoe Advisory Associates LLC. CEO Kobe Nagar emphasized that this strategic move will enhance visibility and market reach for their AirSCWO™ technology, which converts waste into recoverable energy and eliminates pollutants like PFAS. The first commercial systems are set to launch in mid-2022.

374Water (OTCQB: SCWO) announced a partnership with Environmental Services Company to undertake a $3.5M cleantech project funded partially by the U.S. Department of Energy and Israel's Ministry of Energy. This initiative, supported by BIRD Energy, will utilize the AirSCWO™ Nix6 system to recover energy and resources from hazardous organic waste through supercritical water oxidation. The project aims to innovate the water-energy nexus while combating environmental pollution, especially from persistent chemicals like PFAS.

374Water Inc., a cleantech firm based in Durham, NC, has been awarded the 2021 Cleantech Impact: Water Award at the Cleantech Innovation Awards Ceremony on December 8, 2021. This accolade acknowledges significant contributions to cleantech innovation within North Carolina. Co-Founder Dr. Marc Deshusses expressed pride in the recognition and commended fellow nominees. Founded in 2018, 374Water focuses on commercializing its AirSCWO technology, converting waste into valuable resources, supporting sustainability and the United Nations' Sustainable Development Goals.

374Water (OTCQB: SCWO) announces the appointment of Terry Merrell to its Board of Directors. With nearly 40 years of experience in biosolids management, Merrell is the co-founder and CFO of Merrell Bros, a leading biosolids management company. His partnership with 374Water includes the manufacturing and servicing of AirSCWO Nix systems across the U.S. and Canada. Merrell's expertise in wastewater recycling and commitment to waste management innovation aligns with 374Water's mission to transform waste into resources while eliminating hazardous contaminants.

374Water, Inc. has appointed Dr. Tali Harif as Business Development Director to enhance commercialization efforts of its innovative AirSCWO systems in Europe. Dr. Harif brings over 15 years of experience in the global water industry and is expected to spearhead opportunities in wastewater and waste management. The AirSCWO technology aims to revolutionize waste treatment by converting waste into valuable resources while eliminating harmful contaminants. This strategic move aligns with the company's mission to address environmental challenges.