SCWO News & Events

374Water received the Purchase Order from Garney Construction, 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.

374Water Inc. received approval from the City of Orlando for a license to provide Waste Destruction Services at the Iron Bridge Regional Water Reclamation Facility. The approval follows successful completion of a full-scale AirSCWO demonstration project at the Iron Bridge Facility, which achieved greater than 99.95% destruction of PFAS in biosolids and various wastes streams including Aqueous Film-Forming Foam. The agreement provides for an initial five-year term, with options for two additional five-year extensions.

374Water announced comprehensive leadership changes within the executive team and Board of Directors. These moves were implemented to enhance operating pace, accelerate critical milestones, and to position the Company for scalable commercial deployment in 2026 and beyond. Following extensive engagement with shareholders, the Company is aligning leadership, capital allocation, and organizational structure around execution, measurable objectives, and value creation. To oversee these changes, the Board of Directors has appointed long-time seasoned senior member of the existing leadership team, Daniel Bogar, as President and CEO In recent months, the Company has engaged in conversations with investors, including a group of long-term shareholders who filed a Schedule 13D, regarding strategic direction and execution priorities for the organization. These discussions have led to the appointment of new members of the Board of Directors, bringing a broad range of skills as entrepreneurs, operators, investors, and infrastructure developers: Brad Freels - Chairman and CEO of Midway, infrastructure developer and industrial growth strategist; Charles Weiser - Veteran company executive, CPA, and governance leader; Stephen McKnight - Real estate investor and operating executive. Freels, Weiser, and McKnight join existing directors Jim Pawloski and Marc Deshusses, forming a Board aligned around scaling deployment of the Company's AirSCWO platform.