ADDED
As of March 27, 2026, the number of outstanding shares of common stock, $0.0001 par value per share, of the registrant was 17,441,368 .
(the Company , 374Water , We , or Our ) is a cleantech and environmental services company developing supercritical water oxidation technology ( SCWO ) for the destruction of organic waste streams within the municipal, federal, and industrial markets.
Importantly, our AirSCWO system is designed to eliminate recalcitrant organic wastes without creating waste byproducts, as well as to simplify existing, complex waste processing and disposal practices.
Our AirSCWO technology is designed to effectively convert solid and liquid wastes such as sewage sludge, biosolids, food waste, hazardous and non-hazardous waste, including forever chemicals (e.g., per-and polyfluoroalkyl substances or PFAS ) into inert and recoverable resources including water, minerals, and heat energy.
374Water made significant commercial and technological progress throughout the 2025 fiscal year.
We continue to make technological breakthroughs in processing solids and slurries, as well as liquid waste streams across three main market sectors industrial, municipal, and federal.
As we begin 2026, we have already secured additional contracts for Waste Destruction Services, made technological advances to better address the demand and needs of customers and partners across market segments, and continue to capitalize our business to establish 374Water as a leader in developing waste destruction industry and the unique abilities of AirSCWO to unlock tremendous value.
During 2026, we expect to design and scale our AirSCWO systems to handle larger capacities of slurries and liquid wastes; build out our Waste Destruction Services hub at the City of Orlando s Iron Bridge Water Reclamation Facility; begin to receive and destroy significant volumes of PFAS wastes to our WDS hub; deploy our team and technology to Orange County Sanitation District ( OC San ) in Fountain Valley, CA; deploy our mobile AirSCWO system to St.
Cloud, MN, to demonstrate its effectiveness destroying PFAS-laden biosolids and other PFAS wastes; negotiate additional Treatment, Storage, and Disposal Facility ( TSDF ) partnerships to expand our WDS hubs; and grow our manufacturing, operations, and research and development ( R D ) capacity as we lead the industry towards SCWO.
The effectiveness of AirSCWO has been demonstrated on a wide variety of organic waste streams at commercial and laboratory scale with waste destruction results at or above 99.95%.
REMOVED
As of March 26, 2025, the number of outstanding shares of common stock, $0.0001 par value per share, of the registrant was 144,576,713 .
(the Company , 374Water , We , or Our ) is a global industrial technology and services company providing innovative solutions addressing global organic waste destruction/treatment and waste management issues within the municipal, federal, and industrial markets.
Importantly, our AirSCWO system is designed to eliminate recalcitrant organic wastes without creating waste byproducts, as well as to simplify existing, complex waste processing and disposal practices utilized throughout our target markets.
Our AirSCWO system is designed to effectively convert solid and liquid wastes such as sewage sludge, biosolids, food waste, hazardous and non-hazardous waste, and forever chemicals (e.g., per-and polyfluoroalkyl substances or PFAS ) into recoverable resources including water, minerals, and heat energy, by focusing on waste as a valuable resource.
In fiscal year 2024, 374Water outlined a new strategic plan and tactical roadmap.
Throughout the year, we executed our plan reaching critical milestones we believe position the Company s business outlook well for fiscal year 2025.
As we begin 2025, we believe 374Water is well positioned with a robust plan to scale revenue, operations, and capitalize our business.
During 2025, we expect to complete our commercial-scale demonstration under our contract with the City of Orlando; deploy a permanent AirSCWO system to The Orange County Sanitation District ( OC San ) in Fountain Valley, CA; deploy an AS system to Detroit, MI in partnership with the Defense Innovation Unit for a demonstration of AirSCWO s waste destruction effectiveness for specific Department of Defense applications;; deploy an AirSCWO system to St.
Cloud, MN, as part of a Legislative-Citizen Commission on Minnesota Resources (LCCMR) initiative to demonstrate its effectiveness destroying Minnesota waste; further scale our manufacturing capacity to meet client demand for AirSCWO systems of various sizes; continue to improve our AirSCWO technology and develop larger size AirSCWO systems; negotiate waste destruction service agreements with one or more TSDFs; and begin accepting Third-party waste streams for our initial TSDF WDS hub(s).
The effectiveness of AirSCWO has been demonstrated on a wide variety of organic waste streams at commercial and lab bench scale with waste destruction results at or above 99.99%.