SCWO

Quarterly revenue exceeds $2.2 million as the Company begins translating commercial milestones into financial results MORRISVILLE, NC / ACCESS Newswire / August 18, 2026 / 374Water Inc. (NASDAQ:SCWO) ("374Water" or the "Company"), a leading cleantech and environmental services company deploying supercritical water oxidation technology for the destruction of PFAS and other organic waste streams, today reported financial results for the second quarter ended June 30, 2026. Revenue for the second quarter of 2026 was $2.26 million, compared with approximately $0.6 million in the second quarter of 2025, representing an increase of approximately 280% quarter-over-quarter, driven by the completion project milestones, most notable the Orange County Sanitation District ("OC San") Factory Acceptance Test, and associated revenues. Revenue for the first six months of 2026 was $2.8 million, compared with approximately $1.1 million for the same period in 2025. Gross profit for the quarter was $1.98 million, representing a gross margin of 87%, compared with a gross deficit of approximately $0.3 million and a negative gross margin in the second quarter of 2025. "The second quarter marked an important achievement for 374Water, driven by our successful completion of the OC San Factory Acceptance Test, which enabled us to recognize approximately $2.0 million in revenue and demonstrate meaningful commercial progress," said Danny Bogar, Chief Executive Officer of 374Water. "Beyond the revenue milestone, the greater accomplishment is what our team and technology have proven - AirSCWO can reliably destroy biosolids at the source and at scale. This milestone allows us to begin invoicing the remaining $2.6 million of the OC San contract as we achieve additional contractual milestones and, more broadly, demonstrates that AirSCWO is ready to address the massive and growing biosolids challenge-starting in California and extending across the United States." Second Quarter 2026 Financial Highlights Revenue: $2.26 million, an increase of approximately 280% from $0.6 million in Q2 2025. Gross profit: $1.98, compared with a gross deficit of approximately $0.3 million in Q2 2025. Gross margin: 87%, compared with approximately -46% in Q2 2025. Operating expenses: $3.6 million, compared with $4.3 million in Q2 2025. Operating loss: $1.6 million, compared with $4.6 million in Q2 2025. Net loss: $2.7 million, or $0.15 per share, compared with $4.6 million, or $0.32 per share, in Q2 2025. Cash used in operations: $(2.3) million for the six months ended June 30, 2026, compared with $(7.6) million during the comparable 2025 period. Cash and cash equivalents: $1.8 million as of June 30, 2026. Financial Position and Outlook During the first half of 2026, 374Water continued to focus on strengthening its financial position while advancing the commercialization of AirSCWO™ and the development of its recurring Waste Destruction Services ("WDS") business model. The Company has also taken action to reduce its operating costs by approximately $3.2 million on an annualized basis, while prioritizing capital toward commercial deployments and revenue-generating opportunities. Operational Accomplishments Our team has been intensely focused on one objective: turning AirSCWO into a scalable Waste Destruction Services business while executing our projects. In just the last several months our team has achieved a series of milestones that solidify the foundation for that business: Secured our Orlando WDS facility through a long-term agreement with the City of Orlando, establishing an attractive operating location and the foundation of a significant regional waste destruction hub network. Expanded our relationship with the City of Orlando, creating the framework to grow our WDS operations and processing additional difficult waste streams using AirSCWO. Achieved >99.9% PFAS destruction in U.S. Department of Defense testing, providing important third-party validation of AirSCWO for a Federal priority and one of the most pressing human health and environmental challenges. Executed a strategic collaboration agreement with Arcadis, bringing together 374Water's destruction technology with one of the world's leading environmental engineering and consulting organizations to jointly execute commercial and government opportunities. Received additional validation from the U.S. Army Corps of Engineers, further demonstrating our ability to destroy PFAS and other recalcitrant compounds. Earned the coveted DIU Success Memo - "Golden Ticket" - through our partnership with Arcadis, establishing an important contracting pathway for AirSCWO to access and address the millions of gallons of AFFF stockpiles across all branches of the Department of Defense and elsewhere in the Federal Government. Taken together, these represent the building blocks of our WDS business and Company as a whole: mounting demand, contract mechanisms, world-class partners, technology validation, government approval, established facilities, and pathways to revenue. We Continue to Execute and Build the Infrastructure to Scale While advancing our WDS strategy, which is critical for growth and market penetration, our team has continued to execute on our existing municipal commitments and expanding the capabilities needed to support the next stage of 374Water's growth: OC San, California: Successfully completed the Factory Acceptance Test for our AirSCWO system, a major contractual and technical milestone, with delivery to Orange County, California scheduled for October and unlocking an additional $2.6 million of contract value and anticipated follow-on installations. St. Cloud, Minnesota: Our approximately $600,000 deployment is nearing completion, with the demonstration program expected to wrap up in September, adding another important municipal operational reference. Olathe, Kansas: Advancing our contracted $4.8M deployment and preparing for launch, further expanding our municipal footprint and demonstrating growing adoption of the technology. Orlando Infrastructure: On the back of our expanded relationship with the City of Orlando, we are building much more than a WDS facility. Orlando is becoming an operational center for 374Water, with expanded machine shop, fabrication, electrical panel, R&D and testing capabilities, as well as an engineering hub to support our systems and future deployments. "We have accomplished a tremendous amount in a very short period of time-and there is much more ahead," concluded Bogar. "We are simultaneously delivering for our existing commitments, expanding our WDS business to reach more customers, creating durable partnerships that open business pipelines and meet growing demand, and building the infrastructure and capabilities to scale our AirSCWO technology, our services, and our business." 374Water provided a comprehensive update on its recent commercial accomplishments and strategic initiatives on August 11, 2026. Second Quarter 2026 Financial Results About 374Water 374Water Inc. (NASDAQ:SCWO) is a cleantech and environmental services company deploying supercritical water oxidation technology for the destruction of organic waste streams 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 follow 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. 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-K for the year ended December 31, 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 CoppVice PresidentDirect: [email protected] SOURCE: 374Water Inc. View the original press release on ACCESS Newswire

374Water's 2026 first half revenue exceeds $2.8M, more than doubling the Company's revenue for the same period last year. MORRISVILLE, NC / ACCESS Newswire / August 11, 2026 / 374Water Inc. (NASDAQ:SCWO) ("374Water" or the "Company"), a leading cleantech environmental services company deploying supercritical water oxidation technology for the permanent destruction of organic waste including PFAS through its proprietary AirSCWO™ technology, today provided a business update in advance of reporting its financial results for the second quarter ended June 30, 2026. The Company will release its complete financial results on August 14, 2026. "The second quarter of 2026 has been about building towards long-term growth from a strong technical and operational foundation," said Danny Bogar, Chief Executive Officer of 374Water. "Since I assumed the role of CEO earlier this year, our team has remained focused on alignment and execution. We are converting years of technology development into rapidly growing revenue, more deployed systems, long-term contracts, and durable partnerships. We have expanded our flagship Waste Destruction Services hub in Orlando, executed a MOU with Arcadis to pursue federal PFAS destruction opportunities, completed a rigorous government PFAS demonstration with the Department of Defense validated by independent results, and cleared a critical Factory Acceptance Test for California's Orange County Sanitation District." "While there is still significant work ahead, I believe the progress we've made positions 374Water to capitalize on the growing demand for permanent destruction solutions. As society and regulatory pressures increase, customers will seek proven, scalable solutions for the destruction of harmful and persistent pollutants. The second half of 2026 will be about creating additional partnerships, expanding our facility and capacity in Orlando, and commercializing our AFFF waste destruction services." Second Quarter and Recent Business Highlights Preliminary second quarter revenue exceeded $2.2M vs. $0.6M in 2025, driven by approximately $2.0M recognized following the OC San Factory Acceptance Test Preliminary first half revenue of approximately $2.8M vs. $1.1M in 2025 Continued progress on commercial equipment sales and deliveries, including: The company also continues discussions with strategic industry participants regarding project development, commercial partnerships, and infrastructure capital opportunities. Expanding the Waste Destruction Services Platform The Orlando regional hub is designed as the Company's first recurring-revenue waste destruction facility. As customer volumes increase, management believes the facility will become a scalable cash-generating asset supporting municipal, industrial, and federal customers while serving as the blueprint for future regional Waste Destruction Services hubs. The Orlando WDS hub now includes approximately 88,000 gallons of waste storage capacity, allowing the Company to receive and stage significantly larger volumes of PFAS-contaminated waste. Management believes the Orlando Waste Destruction facility has the potential to generate multi-million-dollar annual recurring revenues as customer contracts are secured and processing volumes ramp up. Arcadis MOU Establishes Commercial Framework for Federal PFAS Destruction During the quarter, 374Water announced a strategic relationship with Arcadis, one of the world's leading engineering and environmental consulting firms. This collaboration is expected to accelerate commercial opportunities primarily across the Federal and Industrial markets by combining Arcadis' global engineering capabilities with 374Water's destruction technology. Management believes the U.S. government's need to destroy PFAS-containing waste, including AFFF and other contaminated materials, represents a multi-billion-dollar long-term remediation market. Through its collaboration with Arcadis and successful Department of Defense demonstration programs, the Company is positioning itself to compete for future federal destruction projects as procurement opportunities emerge. Factory Acceptance Test and Delivery Scheduled for OC Sanitation District 374Water completed the Factory Acceptance Test ("FAT") for its AirSCWO system as part of the delivery and deployment milestones for Orange County Sanitation District ("OC San"). Completion of the Factory Acceptance Test activates the next phase of the project, positioning the Company to recognize the remaining $1.1 million in revenue while receiving $2.6 million in remaining billings, as operational milestones are completed. The Company and OC San have planned for the deployment of the 374Water commissioning team and system in October of this year. Together with active projects in Orlando, St. Cloud, and Olathe, 374Water continues to build a growing portfolio of municipal reference installations that management believes will support future commercial growth across North America. Leadership and Governance 374Water appointed Charles "Chuck" Weiser, CPA, as Chief Financial Officer. Mr. Weiser succeeds Adrienne Anderson, who served as Interim Chief Financial Officer and will continue to support the Company. The Board appointed Richard "Rick" Davis to the Board of Directors. Mr. Davis previously served on the Board from 2021 through June 2025 and, is the former Chief Executive Officer of PowerVerde. Looking Ahead "We are working to build a Company that delivers - safely, consistently, transparently, and with urgency," said Bogar. "Our commercial momentum is translating into greater revenue visibility. We have approximately $2.6 million remaining to be invoiced under the OC San contract. Our $600,000 St. Cloud WDS pilot is in Phase III, and we hope to expand that relationship going forward. In addition, with over $4.8M expected from our Olathe, KS contract, an expanded Orlando destruction hub, and multiple strategic collaborations advancing, we believe we are building a foundation for recurring growth. "As we strengthen our balance sheet, align with strategic partners such as Arcadis, and bring new customers to our Orlando hub, we believe the market will recognize the value of 374Water. The opportunity in front of us is significant. Our job now is to execute." 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 follow 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. 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-k for the year ended December 31, 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 CoppVice PresidentDirect: [email protected] SOURCE: 374Water Inc. View the original press release on ACCESS Newswire

Stocks finished mixed on Tuesday as investors looked past another weak session for technology shares, with strong earnings expectations and lower oil prices helping lift the broader market. The Dow Jones Industrial Average led the way, climbing 537 points, or 1%, to close at 52,747. The S&P 500 added 16 points, or 0.2%, to finish at 7,429, while the Nasdaq slipped 55 points, or 0.2%, to 24,877 as chip stocks remained under pressure. Technology continued to lag, with the S&P Technology Select Sector Index falling 1.9% on the day and extending its five-day decline to 4.6%, reflecting ongoing weakness in semiconductor names. Investors also kept a close eye on the Federal Reserve as policymakers began their two-day policy meeting. While markets largely expect the central bank to leave interest rates unchanged when its decision is announced Wednesday, uncertainty around the Fed's next move has made this one of the most closely watched meetings in recent memory. Attention is also turning to a busy stretch of corporate earnings. After Tuesday's closing bell, investors were awaiting results from Visa and Ford. Wednesday promises an even bigger slate, with Procter & Gamble, General Dynamics and Boston Scientific reporting before the open, followed by heavyweight technology companies Microsoft, Meta Platforms and Qualcomm after the close. Starbucks, Fortinet, Robinhood, Carvana and Chipotle are also set to report Wednesday evening. For now, falling oil prices and optimism around earnings helped offset the drag from technology stocks, leaving the Dow and S&P 500 in positive territory even as the Nasdaq ended slightly lower. First Phosphate Corp. (CSE:PHOS, OTCQX:FRSPF, FRA:KD0, OTC:FPHOY) has maintained an Outperform rating from Noble Capital Markets, which cited the company's strong funding position, debt-free balance sheet and strategic role in the North American lithium iron phosphate battery supply chain. 374Water Inc (NASDAQ:SCWO, FRA:8LL) has begun Phase 3 of its AirSCWO deployment in Minnesota as the state continues evaluating the company's technology for destroying PFAS-contaminated waste under a $600,000 pilot contract. Royal Road Minerals Ltd (TSX-V:RYR, OTC:RRDMF, FRA:RLU) has raised $7.31 million through a brokered share offering to fund drilling across its exploration portfolio in Colombia. Fox Tungsten Ltd (TSX-V:FOXT, OTC:HPYCF, FRA:1HC) said drilling at its fully funded 20,000-metre program in British Columbia has intersected visible scheelite mineralization in multiple target areas, suggesting the mineralized system is expanding. Replimune (NASDAQ: REPL) shares plunged nearly 31% after FDA reviewers questioned the effectiveness of its lead cancer therapy RP1 ahead of an advisory committee meeting, extending the stock's five-day decline to about 47%. Royal Caribbean Cruises Ltd (NYSE:RCL) shares rose 4.4% after the cruise operator beat second-quarter profit estimates and raised its full-year outlook on strong demand and improved cost efficiencies. Hilton Worldwide Holdings (NYSE: HLT) raised its full-year profit forecast but saw shares fall 3.4% after issuing weaker-than-expected third-quarter guidance. PayPal Holdings (NASDAQ: PYPL) shares climbed nearly 4% after the payments company reported better-than-expected second-quarter earnings and revenue and increased its full-year non-GAAP guidance. 374Water Inc (NASDAQ:SCWO, FRA:8LL) has begun Phase 3 of its AirSCWO deployment in Minnesota as the state continues evaluating the company's technology for destroying PFAS-contaminated waste under a $600,000 pilot contract. United Parcel Service (NYSE: UPS) shares fell 6% after investors looked past better-than-expected second-quarter results and a higher full-year outlook to focus on weaker domestic expectations, lower international profitability and restructuring costs. GSK (LSE: GSK, NYSE: GSK) shares climbed to a three-month high after the pharmaceutical company beat second-quarter revenue and earnings expectations while increasing investment in its drug pipeline. Coca-Cola (NYSE: KO) shares gained nearly 7% after the beverage giant reported stronger-than-expected second-quarter earnings and raised its full-year guidance. Boeing Co (NYSE:BA, XETRA:BCO) reported a wider-than-expected quarterly loss despite beating revenue estimates as higher commercial aircraft deliveries helped lift its backlog to a record $715 billion. Navitas Semiconductor (NASDAQ: NVTS) shares fell about 10% after investors focused on the company's large GAAP net loss despite second-quarter revenue exceeding Wall Street expectations. Applied Digital (NASDAQ: APLD) reported fourth-quarter revenue that surged 407% year over year and posted an unexpected adjusted profit as it continues its transition to an AI infrastructure company. Chris Beauchamp, chief market analyst at IG, said another round of selling in tech stocks is keeping pressure on global markets, although the chip sector pullback remains relatively contained. "Investors continue to dump AI and chip stocks at a prodigious rate. The euphoria of May and June is long gone, but the selloff is still mostly limited to these tech sectors," Beauchamp commented. "Oil’s ongoing slump provides a cushion for a broad swathe of other sectors, but it is unlikely that these can remain immune for long. Rising CDS prices for tech heavyweights are a sign that this has the potential to turn into something quite nasty, and then in that eventuality few stocks will be able to remain immune.” The Nasdaq 100 has officially entered correction territory, falling 10% from its record high as the semiconductor selloff punishes the tech-heavy index. Meanwhile, investors reacted to a fresh batch of softer-than-expected US economic data. Private-sector hiring continued to lose momentum, with ADP data showing payroll growth averaged just 15,000 jobs per week through July 11, down from 35,750 in early May. Elsewhere, consumer confidence disappointed, slipping to 90.8 in July versus expectations of 92.4, while the U.S. goods trade deficit widened to $101.5 billion in June, slightly above forecasts of a $100 billion deficit. Wall Street's sweeping semiconductor sell-off deepened in early Tuesday trading, with many investors seeming to move into the Dow's blue-chip names. The Dow gained 318 points, or 0.6%, while the Nasdaq Composite tumbled 1.2% and the S&P 500 slipped 0.2%. The Nasdaq 100's biggest fallers were mostly semiconductors, with Western Digital, Lumentum, Seagate and SanDisk all plunging more than 11%. Micron, Lam Research, Marvell, AMD, Arm and Applied Materials lost 7-10%, as concerns over AI financing and Chinese competition intensified. On the Dow, paints maker Sherwin-Williams and drinks maker Coca-Cola were top of early leaderboard, jumping 7% and 6.2% after impressing with earnings. Amgen, Salesforce and Home Depot were also well bid. Among the pre-market reporters, PayPal rose 4.2%, Boeing gained 3.7% and Royal Caribbean added 2.4% following their results. UPS sank 6%, however, while Hilton dropped 3.5% as investors gave their updates a cooler reception. Wall Street is heading for another mixed session on Tuesday, with blue-chip gains offset by concerns about AI spending and Chinese competition weighing on some technology stocks. Dow Jones futures were up 317 points, or 0.6%, but the Nasdaq has been called 1% lower, with S&P 500 futures down 0.1%. Chip stocks are expected to remain under pressure, with Nvidia down another 1% before the bell after dropping nearly 5% at the start of the week. Yesterday, the Dow climbed 263 points or 0.5% to 52,210, while the S&P 500 was little changed, adding just 1.2 points to close at 7,413, while the Nasdaq fell 0.2% to 24,932. Falling oil prices have provided some relief, leading to easing pressure from the bond market. WTI crude has fallen another 1.7% to $81.19 a barrel after President Donald Trump said there was "a good chance" of reaching a deal with Tehran. Market watchers said this was shifting the focus from geopolitics towards the AI trade, where many investors seem increasingly concerned about the financing required for AI infrastructure and how long it will take for the spending to deliver returns. Reports that Nvidia could provide $250 billion in financing guarantees for OpenAI's planned Ohio data center have added to those concerns. Chinese progress in developing chipmaking equipment has also raised questions about the competitive position of Western semiconductor companies. "Investors are running out of patience to see these investments pay off," said market analyst Kathleen Brooks at XTB. This comes in one of the busiest weeks of the year, with the Federal Reserve beginning its two-day meeting today and several major technology companies due to report this week. "Investors are becoming increasingly selective this earnings season, with strong revenue growth no longer enough to satisfy markets unless accompanied by evidence that elevated spending is translating into sustainable profitability," said Daniela Hathorn at Capital.com. Coca-Cola, Boeing, S&P Global, UPS, Royal Caribbean, Sherwin-Williams, Hilton and PayPal report before the bell. Visa, KLA, Seagate Technology, Mondelez, Ford and NXP Semiconductors follow after the close. The Fed will announce its latest policy decision on Wednesday.

Wall Street has wrapped up its best quarter since 2020, with the Dow Jones adding another 0.3% on Friday to close at a fresh record of 52,319 points. The Nasdaq was up 1.5% at 26,213 points and the S&P 500 was up 0.8% at 7,499 points. Trillion Energy International Inc. (CSE:TCF, OTCQB:TRLEF) announced on Tuesday that it has completed a technical field scouting program across its M47 exploration licence in southeastern Türkiye as it prepares for a planned geophysical data acquisition campaign during the 2026 field season. 374Water Inc (NASDAQ:SCWO) has completed the first phase of a pilot deployment of its mobile AirSCWO waste treatment system in St. Cloud, Minnesota, as the cleantech company continues to evaluate its technology for the destruction of PFAS-containing waste streams. Arizona Gold & Silver Inc (TSX-V:AZS, OTCQB:AZASF) has reported results from metallurgical test work at its Philadelphia gold-silver project in Mohave County, Arizona, highlighting strong gold recoveries from both agitation leach and heap leach cyanidation testing. Intrusion, Inc. (NASDAQ:INTX) shares jumped 41% on Tuesday following the company’s announcement that it has completed the acquisition of cybersecurity managed security service provider VigilAigent from Tego Cyber, a deal expected to immediately expand revenue and commercial reach. Abivax SA (NASDAQ:ABVX, EPA:ABVX) (Abivax SA (NASDAQ:ABVX, EPA:ABVX) shares surged more than 40% on Tuesday after the French biotech released updated safety data from its late-stage ulcerative colitis program for its investigational drug obefazimod, easing earlier market concerns around reported cancer cases in the study. AeroVironment (NASDAQ:AVAV) shares surged about 15% in early trading following the company’s fiscal fourth-quarter results, as investors reacted to stronger-than-expected revenue and earnings, alongside a sharply higher backlog and upbeat defense demand outlook. As the month comes to an end, gold hovers just above $4,000 per ounce, down this year amid elevated Fed rate hike expectations and a strengthening US dollar. “Gold is on track for its eighth straight week and fourth consecutive month of falling prices amid a hawkish Fed and appreciating greenback, dropping by close to 30% from its January peak,” IG chief technical analyst Axel Rudolph said. “Meanwhile the Yen sinks to a 40-year low - increasing the risk of Bank of Japan currency intervention - while the S&P 500 looks to be on track for its best quarter in six years amid the ongoing AI and chip boom while crude suffers its worst quarterly decline since 2020.” The UK government has indicated it could intervene in Paramount-Skydance's proposed $110 billion acquisition of Warner Bros Discovery, adding another layer of regulatory scrutiny to the media merger. UK Culture Secretary Lisa Nandy said Tuesday she is "minded to intervene" in the transaction, citing concerns over media plurality and the concentration of ownership in the news sector. "Following engagement with the parties and independent research, my department has today written to the current and proposed owners of Warner Bros Discovery on my behalf to inform them that I am minded to intervene," Nandy said in a statement. She added that any potential intervention would be based on public interest considerations, including ensuring "a sufficient plurality of views in news media" and "a sufficient plurality of persons with control of the media enterprises." Nandy noted she has not yet made a final decision, and the companies have been given a week to respond. If the government proceeds, UK media regulator Ofcom would conduct a public interest assessment alongside an ongoing review by the Competition and Markets Authority (CMA), which is examining the deal's potential impact on competition. The CMA is expected to announce the next steps in its investigation in early August. Paramount-Skydance said it remains confident the transaction does not raise media plurality concerns in the UK. Wall Street stocks have opened higher, with the Nasdaq out in front as chip stocks return to the front. The Nasdaq has climbed 0.5% in the opening half hour of trading, with the Dow is up 0.1% to 52,229, while the S&P 500 is in the middle, having added 0.3%. The early leaderboard is heavily semiconductor-weighted, with SanDisk up 5.8%, then a line looking like Monolithic Power, AMD, Lam Research and KLA all up 3% or more, while ASML, Intel and NVIDIA are also up 2-1% as part of broader tech demand. On the Dow, gains led by Caterpillar, Boeing and Apple are being partly cancelled out by losses for Verizon, Disney, P&G and IBM. US stocks have been predicted to extend their recovery on Tuesday, as investors approach the final session of a second quarter that has delivered a strong rebound for many risk assets. Futures pointed to a slightly firmer open, with S&P 500 futures up 0.1%, Nasdaq futures up 0.35% and Dow Jones futures only just above flat. Yesterday, Wall Street ended a five-day losing run, with the Dow Jones rising 0.6% to close above 52,000 for the first time at 52,182. The Nasdaq Composite added 2.1% to 25,820, while the S&P 500 climbed 1.2% to 7,440. The quarter has been defined by a renewed rush into chip stocks, but out of tech megacaps, a stronger dollar, sharp moves in commodities and shifting expectations for the Federal Reserve. In June, the Magnificent Seven hyperscalers have dropped around 10%, down nearly 15% from May's peak, with Alphabet and Amazon down 17% and 19% since the May peak, Microsoft losing more than a third of its valuation since last October and Meta down nearly 30% since last August. However, the S&P is on the verge of its best quarterly performance in six years, since the index bounced back sharply from the initial pandemic slump. Kathleen Brooks at XTB said the period was "ending on a high note", with the Philadelphia semiconductor index up 88% over the quarter and the Nasdaq ahead 22.5%. "The AI trade is still robust, even if it has splintered in recent months, with the chip makers surging and the hyperscalers struggling," she said. Kenny Polcari at SlateStone Wealth said recent weakness was “not a funeral for AI”, but rather quarter-end rebalancing as institutions harvested gains and rotated capital. "Today is the final trading day of the quarter, which means the quarter-end window dressing is essentially over," he said. "The rebalancing by pension funds, institutional asset managers and sovereign wealth funds ... is just about complete." Tuesday’s data calendar includes the Conference Board consumer confidence index and JOLTS job openings, ahead of Thursday’s non-farm payrolls report, with US markets closed on Friday. Donald Trump says the peace talks will resume in Doha today, though Iranian officials say they will not. In company news, mid-turnaround sportswear colossus Nike reports earnings after the close, along with Corona and Modelo brewer Constellation Brands.

The mobile AirSCWO brings the full capability of larger modular systems for wastes that cannot be transported and for onsite pilot demonstrations MORRISVILLE, NC / ACCESS Newswire / June 30, 2026 / 374Water Inc. (NASDAQ:SCWO) ("374Water" or the "Company"), a leading cleantech and environmental services company deploying supercritical water oxidation technology for the permanent destruction of organic waste through its proprietary AirSCWO™, today announced the completion of Phase 1 of the St. Cloud, Minnesota campaign and provided an update on operations of its mobile AirSCWO system. Project Update The St. Cloud deployment is being conducted under a $600,000 Waste Destruction Services contract with the City of St. Cloud, in partnership with Barr Engineering, at the City's Nutrient, Energy, and Water Recovery Facility. This facility is a national leader, known for its innovative resource recovery practices. Receiving approximately 10 million gallons daily, the facility exemplifies a culture of innovation as it consistently pioneers and pilots industry-changing technologies. The pilot program is scheduled to run through mid-September 2026, processing undigested and post-thermal hydrolysis digested waste streams as part of the State of Minnesota's LCCMR-supported evaluation of AirSCWO technology for the destruction of PFAS-laden wastes. 374Water's mobile AirSCWO system departed the Company's Orlando testing facility in May. Phase 1 Complete: Class B Biosolids Processing The mobile AirSCWO system has successfully completed Phase 1 of the St. Cloud deployment, a four-week processing campaign targeting Class B biosolids at solids concentrations of up to 10%. The Company is conducting analyses of Phase 1 performance data and is seeing positive early results consistent with previous AirSCWO campaigns, providing yet another proof point of technology validation. The mobile system allows for minimal infrastructure in places where that is not viable. Phase 2 Underway: Class A Lystek Biosolids Building on the completion of Phase 1, the 374Water field team is now one week into Phase 2 of the deployment, which involves processing Class A biosolids from a low-temperature thermal hydrolysis process provided by Lystek International. The Company is pleased with the pace of the program and the performance of the mobile system under field conditions. The campaign has now seen multiple types of biosolids successfully processed with more to come as the project moves forward. A successful pilot is expected to support Minnesota's broader assessment of AirSCWO for permanent PFAS destruction - an outcome the Company believes could generate multiple millions of dollars in revenue, including recurring annual revenue from ongoing operations and services. The mobile AirSCWO system is estimated to have the potential to generate between $500,000 and $1.5 million in annual revenue per unit, depending on deployment cadence, waste stream composition, and contract structure. We are seeing eager demand for this system and are excited to announce the successive campaign following successful performance in Minnesota. Expanding the Mobile AirSCWO Commercial Pipeline Beyond the LCCMR project, 374Water's solutions team is actively developing additional projects that will follow this deployment and are designed to demonstrate the full commercial capabilities of AirSCWO in a mobile configuration. The Company is encouraged by the interest it is seeing across multiple end markets and believes the St. Cloud deployment is building a foundation for a scalable, recurring mobile services business. "We are proud of our field team and the steady, professional operations they have delivered since day one in St. Cloud," said Brad Meyers, Chief Operating Officer of 374Water. "Phase 1 is complete with strong early data, and Phase 2 is off to an equally solid start. What we're seeing in the field validates both the reliability of the technology and the commercial model. Importantly, this deployment is reinforcing what we're already hearing from the market - demand for mobile AirSCWO services is real and growing, both as a complement to our expanding fixed-site WDS business and as a demonstration platform that is opening doors with new customers." 374Water will continue to provide updates on the St. Cloud pilot program, Phase 2 performance results, and the development of follow-on mobile deployments as they become available. About 374Water 374Water Inc. (NASDAQ:SCWO) is a cleantech environmental 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 follow 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, including, without limitation, 374Water's expectations regarding Phase 2 performance, the development of follow-on mobile deployments, the potential for multiple millions of dollars in revenue from Minnesota operations, and its estimate that a single mobile AirSCWO system has the potential to generate between $500,000 and $1.5 million in annual revenue depending on deployment cadence, waste stream composition, and contract structure. 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 374Water's control. These forward-looking statements are subject to risks and uncertainties, including those discussed under "Risk Factors" in 374Water's Form 10-K for the year ended December 31, 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 CoppVice PresidentDirect: [email protected] SOURCE: 374Water Inc. View the original press release on ACCESS Newswire

Recurring Revenue Platform Takes Shape as Contracted Operations Scale Across Municipal, Federal, and Industrial Markets MORRISVILLE, NC / ACCESS Newswire / May 14, 2026 / 374Water Inc. (NASDAQ:SCWO) ("374Water" or the "Company"), a cleantech environmental services company deploying supercritical water oxidation technology for the destruction of organic waste with its proprietary AirSCWOTM technology, today reported financial results for the quarter ended March 31, 2026. The Company's Waste Destruction Services ("WDS") platform continued to scale, with gross margins expanding 38 percentage points year-over-year, and contracted deployments advancing across multiple market segments. Anchored by the Company's purchase order with the City of Olathe, Kansas and Garney Construction - a national leader in water and wastewater infrastructure - 374Water enters the second quarter of 2026 with growing momentum around commercial partnerships, operational execution, and higher gross margins. The Company also strengthened its balance sheet by adding $800,000 of financing as of March 31st, 2026, with an additional $1.1M in financing as of the date of this release. "The first quarter of 2026 has been another inflection point for 374Water," said Brad Meyers, Chief Operating Officer of 374Water. "Our new leadership team, including the Board of Directors, is positioning this Company to meet the extensive demand for AirSCWO from several key market segments. "We are delivering dramatically improved gross margins, our mobile AirSCWO system has arrived in Minnesota for its inaugural campaign with the City of St. Cloud, and we continue executing in lockstep with Orange County Sanitation District ("OC San") and the City of Orlando. "We are scaling our Waste Destruction Services facility with additional tankage and infrastructure, and expect to showcase the operations later this year." "Opportunities like the one in front of us are rare," said Sunny Viswanathan VP Solutions for 374Water. "The U.S. biosolids management market exceeds $2 billion, and with increasing regulations and growing awareness of the risks associated with traditional disposal methods, we believe market dynamics are steadily shifting municipalities toward destruction-based solutions. This trend strongly positions 374Water at the center of that transition. I've spent my entire career in water, wastewater and biosolids, and I've never seen this level of pent-up demand focused on a single company and solution. It's an exciting time, and we are ready for what's ahead." First Quarter 2026 Business & Financial Highlights Operational Highlights Appointed Danny Bogar as CEO and strengthened the Board of Directors by adding directors Brad Freels, Chuck Weiser, and Stephen McKnight, who join Jim Pawloski and 374Water Co-Founder Marc Deshusses. Rick Davis was subsequently added to the Board of Directors during the interim reporting period. Signed a 5-year agreement with the City of Orlando, FL to build out the Company's Waste Destruction Services facility. The agreement includes two 5-year extensions. Received the purchase order and associated milestone payment of $2.2M from Garney Construction for the City of Olathe sale and services contract. The total contract is valued at more than $4.5M. Delivered the mobile AirSCWO system to St. Cloud, MN for a six-month campaign destroying PFAS-laden biosolids and other PFAS waste streams. Released destruction results from U.S. Department of Defense, Defense Innovation Unit testing conducted with the Environmental Security Technology Certification Program, Arcadis, and Clean Earth. Third-party lab analyses showed AirSCWO consistently destroyed PFAS well beyond project targets, and often in excess of 99.9%. Financial Highlights for Q1 2026 Compared to Q1 2025 Revenue: $551,155 vs. $543,100 in Q1 2025 Gross Margin: $348,412 (63%) vs. $138,283 (25%) in Q1 2025 - a 38-percentage-point improvement year-over-year Net Loss: $(4,571,623) vs. $(3,698,414) in Q1 2025, reflecting continued investment in commercial infrastructure and certain non-recurring items: $184,000 in capitalized offering costs expensed upon the Company's strategic shift to convertible debt financing and $158,000 in Delaware franchise tax related to an increase in the number of authorized shares of common stock. Overhead Reduction and Cash Burn: Cash used in operating activities was $(2,508,341) vs. $(3,494,477) in Q1 2025 - a 28% improvement in operating cash efficiency. Since its leadership transition in March 2026, the Company has taken decisive actions to improve operational efficiency, streamline overhead, and focus resources on near-term commercial opportunities. Building the Platform for Waste Destruction Services 374Water is scaling its recurring revenue platform to better serve municipal, federal, and industrial markets, with AirSCWO positioned as the end-of-pipe solution for PFAS treatment chains. Waste Destruction Services Facility: We believe Waste Destruction Services ("WDS") is the future of PFAS destruction and wastewater treatment. Since late 2024, the Company has been operating on-site at the City of Orlando's Iron Bridge Water Reclamation Facility, destroying biosolids, AFFF, ion exchange resin, and foam fractionate under contracted service arrangements. We have more recently begun the buildout of a dedicated WDS facility at the same location. The Company's WDS facility is designed as an industrial-grade, multi-waste receiving and destruction hub with more than 80,000 gallons of tank storage. The current facility buildout, now underway, converts that operational foundation into a permanent, scalable infrastructure asset. We expect initial operations to generate between $100,000 to $200,000 in monthly revenue, increasing to more than $400,000 monthly by late 2027, with 374Water's initial investment. The WDS facility is designed for modular expansion. Active discussions with potential co-investment partners are underway regarding expanding the facility and capacity to increase our revenue potential from $5M ARR to more than $15M ARR by adding additional modular AirSCWO platforms. These partners could bring not only capital but potentially operational synergies and contracted inbound waste volumes of foam fractionate, reverse osmosis brine, activated carbon, and ion exchange. The Orlando WDS hub - anchored by a long-term municipal partnership - represents 374Water's scalable deployment model. The Company intends to replicate this structure across additional geographies as contracted demand and strategic partnerships develop. City of Orlando Demonstration: During Q1 2026, 374Water successfully completed its full-scale demonstration at Orlando's Iron Bridge Regional Water Reclamation Facility, generating approximately $482,000 in service revenue and demonstrating its commercial proposition across the municipal wastewater sector. Modular AirSCWO Platform: We're moving - and thinking - outside the box. The modular AirSCWO architecture is a core component of the Company's innovative product offering and scalable platform. By uncoupling the system into discrete sub-systems - pumps, reactor, heat capture, and others - 374Water has improved manufacturing, simplified field maintenance and operations, and enabled capacity to be added incrementally at any deployment site. Customers can right-size an initial installation and scale up through additional modules as contracted volume grows, potentially reducing capital barriers to entry and accelerating time-to-revenue for new deployments. Mobile AirSCWO System: The Company's next-generation mobile AirSCWO system - designed for rapid on-site deployment - has arrived in Minnesota for its inaugural six-month service campaign with the City of St. Cloud. We expect the system will serve as a key component of 374Water's recurring service revenue model. OC San Equipment Contract: The AirSCWO 6 system designed for OC San -the third largest wastewater agency on the West Coast - has met continuous run-time factory acceptance test requirements and continues toward final volume milestone completion. OC San's selection of AirSCWO represents the platform's commercial and operational readiness at institutional scale. Biosolids and slurry (liquid and solid mixture) processing has long been the challenge for SCWO technologies. 374Water has established a notable advantage within the industry and among competitors with this capability being one of our relative strengths. While competitors and other companies avoid slurry waste streams, 374Water is unlocking massive markets and offering a truly unique value proposition. Department of Defense PFAS Destruction Program: 374Water's AirSCWO technology has achieved independently validated destruction and removal efficiency of greater than 99.9% across multiple PFAS-impacted waste streams through the U.S. Defense Innovation Unit ("DIU") and Environmental Security Technology Certification Program ("ESTCP") initiative. Results were independently verified by Arcadis, a global leader in environmental engineering, and publicly presented at the DoD Applied Innovation Workshop in March 2026. The Company was also awarded a subcontract with to support the U.S. Air Force in addressing PFAS contamination at firefighter training areas across military installations nationwide. Update on Strategic Priorities for 2026 In March, under our new management team, we announced our strategic priorities for 2026. In just 45 days we have made material progress towards each of these objectives. The contracted AirSCWO 6 system for OC San in Fountain Valley, CA has met continuous run-time factory acceptance test requirements and continues toward final volume milestone completion. Engineering improvements to system design and operational performance are being incorporated ahead of deployment. Infrastructure buildout of the WDS facility at the City of Orlando's Iron Bridge Facility is underway. Receiving and handling systems, tankage, and AirSCWO integration are progressing toward full-scale operations, expected later this year. The facility continues to accept and destroy contracted PFAS waste streams during buildout. The mobile AirSCWO system has been deployed to St. Cloud, MN under a contracted six-month service campaign, destroying PFAS-laden biosolids and other PFAS waste streams for the city. Engineering and manufacturing teams are building the next-generation AirSCWO system for contracted delivery to Olathe, KS in partnership with Garney Construction - designed for higher-volume slurry and liquid waste processing at industrial scale. Management is actively engaged with strategic partners - industrial operators, infrastructure companies, and environmental services platforms - to structure WDS partnerships across targeted verticals and geographic markets. Strategic Partnerships & Capital Raise 374Water's growth strategy is built around strategic partnerships with established industrial and infrastructure operators - companies with scale, commercial networks, and process waste streams that are natural fits for contracted AirSCWO destruction services. We expect these partners bring pipeline access, operational infrastructure, and co-investment capacity that accelerates deployment far beyond what organic capital formation alone can support. While many of these operators offer an array of entrenched treatment technologies to critical markets, they often fall well short of destruction, achieving only concentration and removal of toxins and contaminants. This leaves continuing and contingent liabilities for years to come. Management is in active discussions with multiple parties at both the corporate and project levels, structured around long-term contractual alignment. "We see clear demand from the market, and others see it as well," said Howard Teicher, VP of Government for 374Water. "We have several interested partners who want to help bring AirSCWO to market, create strong commercial pathways, and provide supporting operations for our projects and technology. "We are heavily engaged in structuring a partnership to unlock tremendous value and accelerate our scale-up." "We are building a recurring revenue platform with contracted deployments, improving margins, and a growing roster of strategic partners who understand the scale of the PFAS destruction opportunity," said Danny Bogar, President and CEO of 374Water. "Industrial and infrastructure operators are coming to the table because they see what we already know: AirSCWO is not a future technology. It is operating today, destroying waste under contract, and ready to scale." About 374Water 374Water Inc. (NASDAQ: SCWO) is a cleantech and environmental services company developing supercritical water oxidation technology for the destruction of organic waste streams 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 follow 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. 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 374Water's control. These forward-looking statements are subject to risks and uncertainties, including those discussed under "Risk Factors" in 374Water's Form 10-K for the year ended December 31, 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 [email protected] www.374Water.com 374Water Inc. and Subsidiaries Condensed Consolidated Balance Sheets March 31, 2026 (Unaudited) and December 31, 2025 374Water Inc. and Subsidiaries Condensed Consolidated Statements of Operations For the Three Months Ended March 31, 2026 and 2025 (Unaudited) 374WaterInc. and Subsidiaries Condensed Consolidated Statements of Cash Flows For the Three Months Ended March 31, 2026 and 2025 (Unaudited) SOURCE: 374Water Inc. View the original press release on ACCESS Newswire

Wall Street was buoyed on Tuesday on hopes of another round of peace talks between the US and Iran, with all three major indices posting gains. The Nasdaq added 2% at 23,639 points, the S&P 500 was up 1.2% at 6,967 points, and the Dow Jones added 0.7% at 48,535 points. Oil, meanwhile, fell more than 7% to trade at about $92 per barrel. Sintana Energy Inc said it has appointed IJG Securities as sponsor and corporate adviser and begun discussions toward a potential listing on the Namibia Securities Exchange, with plans to broaden local investor participation if approved. 374Water Inc announced the reappointment of former board member Rick Davis, citing his more than 30 years of experience in investment banking, corporate finance, and clean technology. Nextech3D.AI said it has reached cash flow positive operations following an AI-driven optimization program that streamlined operations and is expected to generate about $400,000 in annualized cost savings. Trillion Energy International Inc reported a light oil discovery at its Çetinkaya-1 well in Türkiye and said it is shifting its focus toward higher-impact oil exploration after confirming multiple hydrocarbon-bearing zones. BioVie Inc said an abstract from its Phase 2 SUNRISE-PD trial of bezisterim in early Parkinson’s disease has been accepted for presentation at an upcoming neurology conference. Tiziana Life Sciences Ltd said a late-breaking poster on its Phase 2a intranasal foralumab study in Multiple System Atrophy has been accepted for presentation at the World Parkinson Congress in 2026. Replenish Nutrients Holding Corp announced it has been approved for up to $250,000 in Canadian government funding under the Sustainable CAP program to support expansion of its Beiseker fertilizer processing facility. Purepoint Uranium Group Inc said its winter drill program at the Dorado joint venture in Saskatchewan extended uranium mineralization at the Nova discovery, reinforcing the potential scale of the find. Ford Motor Company (NYSE:F) rose after UBS upgraded the stock to Buy, citing improving earnings visibility and a potential path to EPS above $2 by 2027. Tesla Inc (NASDAQ:TSLA) gained after UBS shifted its rating to Neutral, noting the current valuation better balances near-term demand pressures with long-term AI-driven growth potential. Lucid Group Inc (NASDAQ:LCID) fell after announcing a roughly $300 million equity offering as part of a broader $1 billion capital raise involving strategic investors. United Airlines Holdings Inc (NASDAQ:UAL, XETRA:UAL1) rose on merger speculation following a Bloomberg report suggesting potential consolidation discussions involving senior leadership with American Airlines Group Inc (NASDAQ:AAL, XETRA:A1G). BlackRock Inc (NYSE:BLK) climbed after reporting stronger-than-expected Q1 results, driven by robust inflows and higher technology-related revenues. Wells Fargo & Co (NYSE:WFC, XETRA:NWT) slipped after mixed Q1 results, where earnings beat estimates but revenue came in slightly below expectations. 374Water Inc (NASDAQ:SCWO, FRA:8LL) announced the reappointment of a seasoned board member with extensive experience in finance and clean technology. Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF, FRA:1SS) turned cash flow positive following an AI-driven restructuring and automation initiative that reduced costs and improved efficiency. Trillion Energy International Inc. (CSE:TCF, OTCQB:TRLEF, FRA:Z620) surged after announcing a light oil discovery in Türkiye and signaling a strategic shift toward high-impact exploration. Tiziana Life Sciences Ltd (NASDAQ:TLSA) gained attention after a Phase 2a intranasal therapy study for multiple system atrophy was accepted for presentation at a major medical congress. "Crude prices fell below $96 per barrel as markets reacted to signs that the US and Iran may resume negotiations, easing some immediate supply concerns following Washington’s blockade of the Strait of Hormuz," commented IG's Axel Rudolph. "Talks are reportedly being arranged ahead of the expiry of the two-week ceasefire, although previous discussions failed to reach agreement. "Despite the pullback in oil, the broader outlook remains uncertain, with the IEA warning the conflict could wipe out global oil demand growth this year - marking the first annual decline since the pandemic - while ongoing damage to energy infrastructure and restricted shipping continue to weigh on supply.” The latest PPI report suggests that inflation is being influenced by external shocks, according to Gina Bolvin, president of Bolvin Wealth Management. "Energy is driving the upside, and with geopolitical tension around key oil routes, those price moves can happen quickly and filter through the system," Bolvin noted. "Underneath that, core inflation is relatively steady, which suggests the broader economy isn’t overheating. That split is what makes this moment tricky. It leaves the Fed in a holding pattern—unable to ignore higher headline inflation, but also hesitant to react to what looks like a temporary, supply-driven move. "When inflation becomes less predictable, markets tend to become more reactive—and that’s exactly the environment we’re in," she added. JPMorgan Chase & Co (NYSE:JPM, XETRA:CMC) shares were little changed on Tuesday morning after the bank reported first quarter results that exceeded analyst expectations, driven by strength in trading and investment banking. The lender posted earnings of $5.94 per share, ahead of the $5.45 estimate, while revenue came in at $50.54 billion, topping forecasts of $49.17 billion. Elsewhere, Citigroup Inc (NYSE:C) first-quarter profit rose sharply from a year earlier and topped Wall Street estimates, helped by stronger trading performance and steady growth across its core businesses. The bank said revenue rose 14% to $24.63 billion, above analysts’ expectations of $23.5 billion, while earnings per share came in at $3.06, compared with estimates of $2.6. Wall Street stocks have begun Tuesday trading higher, with the Nasdaq climbing over 1% to exceed its levels from before the US and Israel began attacks on Iran. The S&P 500 has risen 0.5% and the Dow Jones 0.2%. Top risers on the S&P are Oracle, Robinhood, Coinbase, Carvana, Axon Enterprise, Ares Management, Fair Isaac and Super Micro Computer. At the other end, financials, energy and technology names are leading the fallers, with Wells Fargo among the weakest on the back of its earnings. Technology hardware names also slipped, including Dell Technologies, Hewlett Packard Enterprise, chipmaker Intel, and storage firm SanDisk. Energy stocks were under pressure as oil prices pulled back, with decliners including super majors Exxon Mobil and Chevron, as well as producers such as ConocoPhillips, Occidental Petroleum, Devon Energy, Coterra Energy and Diamondback Energy, with oilfield services group Halliburton also falling. Chemicals and materials names weakened, including Dow, LyondellBaselland fertiliser producer CF Industries. US producer price inflation came in softer than expected, suggesting some easing in pipeline price pressures. The Producer Price Index rose 4.0% year-over-year, below the 4.6% consensus forecast, while monthly PPI increased 0.5%, also missing expectations of a 1.1% gain. Core PPI, which excludes food and energy, rose 3.8% year-over-year versus expectations of 4.1%, while the monthly core reading edged up just 0.1%, compared with estimates for a 0.4% increase. The cooler-than-expected data points to moderating wholesale inflation trends, which may ease some pressure on future consumer price inflation readings. US stocks are pointing to a mixed open as investors weigh fresh developments in US-Iran talks alongside the start of a busy earnings week. Futures for the Dow Jones are slightly in the red, while S&P 500 futures are up 0.2% and those for the Nasdaq-100 have gained 0.4%. Wall Street ended Monday higher on hopes that US-Iran talks may resume and optimism around earnings. The Nasdaq rose 1.2%, the S&P 500 gained 1%, both now back above pre-conflict levels, while the Dow added 0.6%. US oil prices softened overnight and have remained flat in the early hours, with West Texas Intermediate crude down 1.4% at $97.71 a barrel, while the global Brent benchmark has edged higher in European trading. After talks with Iran broke down over the weekend, Vice President JD Vance said "the ball is in the Iranian court”, adding that President Donald Trump “would be very happy if Iran was treated like a normal country”. The comments come as markets continue to assess the fallout from the conflict, with the International Energy Agency saying that global oil supply fell by 10.1 million barrels per day in March, the largest disruption on record, and warned that demand could contract this year. Attention now turns to results from JPMorgan Chase, Wells Fargo, Citigroup, BlackRock and Johnson & Johnson. JPMorgan Chase and Citigroup shares were down 0.2-0.5% in premarket trade despite beating top- and bottom-line expectations for first-quarter results. Wells Fargo was down 2.1% after a revenue miss and disclosure of $36.2 billion of exposure to private credit firms.

Provides Business Update Highlighting New Leadership, Execution Strategy, and Capital Management MORRISVILLE, NC / ACCESS Newswire / March 31, 2026 / 374Water Inc. (NASDAQ:SCWO) ("374Water" or the "Company"), a cleantech environmental services company focused on the destruction of organic waste through its proprietary AirSCWO™ technology, today reported financial results for the full year ended December 31, 2025, and provided a comprehensive business update under recently appointed Chief Executive Officer, Danny Bogar. "We are in a new chapter for 374Water," said Danny Bogar, 374Water's Chief Executive Officer. "We have focused the Company on clear operating principles: execute with discipline, allocate capital to high-impact initiatives, and deliver measurable results." "Since I've stepped into the CEO role, our management team has taken actions to reduce costs, align our team, and sharpen our focus on what matters most - advancing our AirSCWO™ technology by continuing to improve throughput, durability, automation, and scalability in collaboration with our development partners; deploying our systems; generating revenue; and building long-term shareholder value." "In mid-March, we held a multi-day executive strategy session at our Orlando, FL waste destruction facility, where our team reviewed progress and aligned on execution priorities. We continue to build out our presence at the Orlando Iron Bridge Regional Water Reclamation Facility as a key operational hub for the Company where potential clients and partners from around the world can see our technology and product roadmap, understand our capabilities today and our plans for growth, and collaborate on new ways to deliver AirSCWO to the markets that need it most." "During this session, our R&D team presented preliminary 3D designs of our larger AirSCWO systems that we are advancing with multiple client partners. This work reflects our continued focus on scaling the platform to meet growing customer demand and to achieve higher throughput and better cost efficiency. As we continue to execute, strengthen our operational foundation, and advance our commercial efforts, we believe our technology and business model will generate significant value for customers, partners, and shareholders." 2025 and Recent Business Highlights and Progress Deployed an AirSCWO system and team to Clean Earth's Detroit, MI facility for a six-week Department of Defense destruction demonstration of six PFAS-impacted waste streams, led by the Defense Innovation Unit ("DIU") in collaboration with the Environmental Security Technology Certification Program ("ESTCP"). Deployed the mobile AirSCWO lab to Peterson Space Force Base in Colorado and tested various PFAS waste streams, also in collaboration with ESTCP. Commenced destruction of 1,000 gallons of Aqueous Film Forming Foam ("AFFF") under a contract awarded by the University of North Carolina at Chapel Hill Collaboratory. Executed a collaboration agreement with Crystal Clean to locate 374Water's AirSCWO technology at one of its RCRA-permitted facilities to destroy various PFAS waste streams. Completed a biosolids destruction campaign for the City of Orlando, FL at the Iron Bridge Water Reclamation Facility. Signed an agreement with the City of Olathe, KS for the sale of an AirSCWO system and pre-treatment equipment with an associated service agreement for the treatment of PFAS-impacted wastewater and other waste streams. Established Waste Destruction Services ("WDS") hub at the City of Orlando's Iron Bridge Water Reclamation Facility for the destruction of PFAS wastes including AFFF, GAC & IX, and foam fractionate. Technology Validation and Continuous Improvement "Over the past several years, we have remained committed to continuous improvement. The systems being deployed today reflect not where we started, but where we believe we are going - more efficient, more scalable, and more commercially viable," Bogar shared. "We believe our technology delivers and performs at an impressive level both in terms of throughput, feedstock versatility, and destruction efficiency. Every system incorporates years of experience, testing, and validation. Our partners and customers demand excellence - and we aim to deliver." Commercial Momentum and Market Opportunity 374Water has strong demand for its AirSCWO technology in numerous applications: PFAS destruction Biosolids management Industrial waste streams Emerging contaminants and environmental liabilities "The world has a massive and ever-growing waste problem - and increasingly, stakeholders are demanding true destruction, not disposal, because of growing liabilities. Destruction is the right thing to do for society," said Bogar. Strategic Priorities for 2026 Deploy our team to Orange County Sanitation District ("OC San") in Fountain Valley, CA with the most advanced and high-performing generation of AirSCWO. Build out our WDS hub at the City of Orlando's Iron Bridge Water Reclamation Facility and begin to receive and destroy significant volumes of PFAS wastes. Deploy the mobile AirSCWO system to St. Cloud, MN to demonstrate its effectiveness in destroying PFAS-laden biosolids and other PFAS wastes. Design and scale our AirSCWO systems to handle higher volumes of slurries and liquid wastes. Engage with strategic partners, including industrial and infrastructure organizations to accelerate deployment of our AirSCWO technology across targeted verticals, value-added applications, and defined geographic markets. Capital Strategy and Shareholder Alignment "As we move forward, one of our highest priorities is aligning our capital strategy with the long-term interests of our shareholders," said Bogar. "We believe 374Water represents a differentiated and highly valuable solution to some of the world's most pressing environmental challenges. Our focus is ensuring that this value is reflected in how we operate, how we execute, and how we finance the business. Moreover, we are taking a more disciplined and strategic approach to our capital allocation." "We are committed to pursuing capital solutions that support long-term value creation and avoid unnecessary dilution wherever possible. This includes aligning capital formation with clear operational milestones, commercial traction, strategic relationships, and execution." 2025 Financial Summary For the year ended December 31, 2025, revenue totaled $0.2 million, compared to $0.4 million in the prior year. The $0.2 million decrease in revenue is primarily due to a decrease in equipment revenue of $1.9 million offset by an increase in service revenues of approximately $1.7 million. The increase in service revenue is from the completion of two full-scale demonstrations, a mobile bench-scale demonstration, and one month of demonstration and wastewater processing under our City of Orlando contract. The decrease in equipment revenues is due to a change in accounting estimate associated with our contract with OC San. Due to the unexpected delays that we have encountered in delivering the equipment, we reassessed the variable consideration at December 31, 2025 included in this contract. The changes in facts and circumstances resulted in the reduction of unbilled accounts receivable and a reduction in equipment revenue of approximately $1.9 million. Total operating expenses increased 58% to $18.8 million for the year ended December 31, 2025, compared to $11.9 million for the prior year. The increase was primarily due to increases in compensation and related expenses of $3.5 million (driven by headcount growth and stock-based compensation of $1.8 million), general and administrative expenses of $2.4 million, professional fees of $0.6 million, and research and development expenses of $0.4 million. Net loss for the year ended December 31, 2025, was $21.0 million, as compared with $12.4 million in the prior year. The increase in net loss was driven by the reasons discussed above. Cash and cash equivalents as of December 31, 2025, were $3.2 million, compared to $10.7 million as of December 31, 2024. Working capital as of December 31, 2025 was $1.7 million, compared to $11.8 million as of December 31, 2024. Looking Ahead "We are working to build a company that delivers - safely, consistently, transparently, and with urgency," said Bogar. "We expect that as we continue to execute, strengthen our balance sheet, align with strategic partners, and bring potential customers to our hub in Orlando, the market will recognize the value of 374Water." "We believe the opportunity in front of us is significant. Our job now is to execute." About 374Water 374Water Inc. (NASDAQ:SCWO) is a cleantech environmental 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 follow 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 "aim," "anticipate," "believe," "confidence," "continue," "could," "design," "estimate," "expect," "intend," "may," "plan," "predict," "project," "potential," "will," or other comparable terminology are intended to identify forward-looking statements. 374Water has based these forward-looking statements on its current expectations, assumptions, estimates, beliefs, and projections. These statements include, without limitation, (i) 374Water advancing our AirSCWO™ technology by continuing to improve throughput, durability, automation, and scalability in collaboration with our development partners; deploying our systems; generating revenue; and building long-term shareholder value, (ii) 374Water's continued focus on scaling its AirSCWO platform to meet growing customer demand and to achieve higher throughput and better cost efficiency, (iii) 374Water's belief our technology and business model will generate significant value for customers, partners, and shareholders, (iv) 374Water's belief our AirSCWO systems are becoming more efficient, more scalable, and more commercially viable, (v) 374Water's belief our technology delivers and performs at an impressive level both in terms of throughput, feedstock versatility, and destruction efficiency, (vi) 374Water's aim to deliver the excellence our partners and customers demand, (vii) 374Water's belief we represent a differentiated and highly valuable solution to some of the world's most pressing environmental challenges, (viii) 374Water's expectation that as we continue to execute, strengthen our balance sheet, align with strategic partners, and brings potential customers to our hub in Orlando, the market will recognize the value of 374Water and (ix) 374Water's belief the opportunity in front of it is significant. 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-K for the year ended December 31, 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 [email protected] www.374Water.com 374 Water Inc. and Subsidiaries Consolidated Balance Sheets As of December 31, 2025 and, 2024 The accompanying notes are an integral part of these consolidated financial statements. 374 Water Inc. and Subsidiaries Consolidated Statements of Operations For the Years Ended December 31, 2025 and 2024 374 Water Inc. and Subsidiaries Consolidated Statements of Cash Flows For the Years Ended December 31, 2025 and 2024 SOURCE: 374Water Inc. View the original press release on ACCESS Newswire

This article first appeared on GuruFocus. Release Date: November 12, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. 374Water Inc (NASDAQ:SCWO) reported a significant increase in revenue for Q3 2025, reaching $760,000 compared to $81,000 in the prior year, primarily driven by waste destruction services. The company secured a collaboration agreement with Crystal Clean, a leading provider of environmental and waste management solutions, to introduce waste destruction services at a facility in Oregon, Ohio. 374Water Inc (NASDAQ:SCWO) successfully deployed its technology for a Department of Defense project, demonstrating its ability to destroy PFAS-contaminated waste, which could lead to additional projects. The company fortified its balance sheet with approximately $7 million from an ATM facility, extending its cash runway into Q2 2026. 374Water Inc (NASDAQ:SCWO) anticipates 2026 revenue to be in the range of $6 to $8 million, representing a 50% to 100% increase over expected 2025 revenues. The company reported a net loss of $4.3 million for Q3 2025, compared to a $2.7 million loss in the prior year, indicating increased operating expenses. Cash and cash equivalents decreased significantly to $0.9 million as of September 30, 2025, from $10.7 million at the end of 2024. 374Water Inc (NASDAQ:SCWO) requires additional capital to support planned business growth and is actively pursuing capital raising opportunities. The company is not in compliance with NASDAQ's bid price requirement, trading below $1 per share, and may need to execute a reverse stock split to maintain its listing. The company faces challenges in improving throughput of its technology units and needs to focus on continuous improvement to enhance processing capabilities. Warning! GuruFocus has detected 5 Warning Signs with SCWO. Is SCWO fairly valued? Test your thesis with our free DCF calculator. Q: How is the pipeline for TSDF facilities, and what are the steps to get it going? A: Interim CEO Steven Jones explained that there are many TSDF facilities in the US, and 374Water is in discussions with a majority of TSDF operators about deploying their technology. The company is focusing on opportunities that offer the highest returns and is actively engaging with potential partners to expand their presence in this segment. Q: Can you provide details on the North Carolina contract and its timeline? A: Steven Jones stated that the first phase involves processing 1,000 gallons of AFFF, which is currently underway. North Carolina representatives are monitoring the process, and decisions on the second phase, which involves 28,000 additional gallons, will follow based on the results. Q: What is the expected business mix for 2026 between waste services and capital sales? A: CFO Russell Klein mentioned that 2026 will see a mix of waste destruction services and capital sales, including the recent Kansas project and other bids. The company aims to focus more on waste destruction services for higher margins and recurring revenue. Q: Can you elaborate on the Crystal Clean deal and revenue sharing? A: Steven Jones refrained from sharing specific commercial terms but explained that host customers like Crystal Clean can benefit through lease payments, revenue sharing, or reduced costs. The company aims to use host sites to process external waste, particularly from government contracts. Q: What is your view on the PFOS destruction market? A: Steven Jones described the PFOS destruction market as massive, with a $450 billion waste construction market. He highlighted various verticals, including industrial, municipal, and government sectors, where 374Water's technology can be applied. The company is focusing on these verticals to maximize returns and expand its market presence. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Third Quarter Revenues Increased to $0.8 Million Due to Higher Service Revenues and Expects 2025 Full Year Revenues of Approximately $4 Million Fortified Balance Sheet Including $7.0 Million ATM Facility Extends Cash Runway into Q2 2026 Management to Host Webcast and Conference Call Today at 4:30 p.m. ET DURHAM, N.C., Nov. 12, 2025 (GLOBE NEWSWIRE) -- 374Water Inc. (NASDAQ: SCWO) ("374Water" or the "Company"), a global leader in organic waste destruction technology and services for the industrial, municipal, and federal markets, today reported its financial and operational results for the third quarter ended September 30, 2025. “The third quarter of 2025 was underscored by ongoing service deployments and the continued commercialization of our Super Critical Water Oxidation (“SCWO”) technology,” said Stephen J. Jones, Interim President and Chief Executive Officer of 374Water. “For example, we successfully completed a commercial-scale waste destruction service project at Clean Earth’s Detroit, MI facility as part of a Department of Defense (“DoD”) project. For six weeks we executed per- and polyfluoroalkyl (“PFAS”) destruction of multiple concentrated waste streams at commercial Treatment, Storage, and Disposal Facilities (“TSDF”) using our AirSCWO 6 System. We also successfully deployed our AirSCWO technology to a Colorado School of Mines and DoD Environmental Security Technology Certification Program project aimed at comparing technology solutions to destroy PFAS contaminated wastes. Both efforts demonstrated our ability to destroy PFAS-impacted waste streams as a treatment option for DoD installations impacted by PFAS. “During the quarter we signed a waste destruction services (“WDS”) collaboration agreement focused on PFAS destruction with Crystal Clean, a leading provider of environmental and waste management solutions. Crystal Clean is an ideal partner to enable our WDS business to scale rapidly and support growing demand across a wide array of market verticals and waste streams. We intend to grow the WDS business over the next several years, establishing multiple WDS operations at TSDF partner facilities across North America. WDS will generate recurring revenues with customers demanding total waste treatment with our AirSCWO technology. “Most recently, we secured an order from the City of Olathe, KS ("Olathe") for the sale and deployment of an AirSCWO 6 system and a related pre-treatment and dewatering system. Olathe will utilize the AirSCWO process at its wastewater treatment facility to assess its potential as a sustainable alternative to traditional sludge management practices and disposal methods. We also recently began processing our award by the State of North Carolina for WDS to destroy AFFF utilizing AirSCWO technology. In the first phase of this waste destruction service project, we will treat 1,000 gallons of AFFF. If selected for the second phase, we could treat up to an additional 28,000 gallons of AFFF. “On the financial front, we have strengthened our balance sheet, utilizing our at-the-market facility which generated proceeds of approximately $7.0 million, extending our anticipated cash runway into the second quarter of 2026. “Looking ahead, we are focused on successful waste destruction of PFAS and other waste streams utilizing our AirSCWO system at current project deployments and accelerating the conversion of a growing pipeline of opportunities. With the recent announcements of revenue generating service and capital equipment sales, we are projecting 2026 revenue to be in the $6-8 million range. We look forward to additional milestones and announcements in the months ahead,” concluded Jones. Third Quarter 2025 Financial Summary For the third quarter of 2025, revenue totaled $760,000 compared to $81,000 in the prior year. The company’s business has been focused on the development and commercialization of its AirSCWO systems to fulfill current projects and prepare for additional revenue growth. The approximate $679,000 increase in revenues was primarily due to an increase in our service revenues of approximately $643,000 from the completion of waste destruction service projects, and $36,000 in capital equipment sale revenues. Total operating expenses increased 64% to $4.6 million for the three months ended September 30, 2025, compared to $2.8 million in the prior year period. The increase was primarily owed to expanded operations including a $0.9 million increase in compensation and related expenses, an increase of $0.3 million in research and development, and an increase of $0.8 million in general and administrative expenses. Net loss for the three months ended September 30, 2025, was $4.3 million, as compared to$2.7 million in the prior year. Net loss increased due to continued investment in commercialization and increased operational costs. Revenue for 2025 calendar year is projected to be approximately $4 million based upon current expectation of deliverables for the fourth quarter. Cash and cash equivalents as of September 30, 2025, was $0.9 million, as compared to $10.7 million as of December 31, 2024. As of September 30, 2025, working capital was $1.9 million, compared to $4.5 million as of September 30, 2024. Based upon our current cash position, including the $7.0 million raised from the at-the-market facility, and expected billings and related collections, we project to have adequate cash to support our business plans into Q2 2026. Third Quarter 2025 Results Conference Call 374Water Interim President and Chief Executive Officer Stephen J. Jones and CFO Russell Kline will host the conference call, followed by a question-and-answer period. The conference call will be accompanied by a presentation, which can be viewed during the webcast or accessed following the call via the investor relations section of the Company’s website here. To access the call, please use the following information: A telephone replay will be available approximately three hours after the call and will run through November 26, 2025, by dialing 1-844-512-2921 from the U.S., or 1-412-317-6671 from international locations, and entering replay pin number: 13756490. The replay can also be viewed through the webcast link above and the presentation utilized during the call will be available in the Company’s investor relations section here. 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 non-hazardous 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 follow us on LinkedIn. Cautionary Language on 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," “could," "estimate," "expect," "intend," "may," “plan," "predict," "project," "potential," or other comparable terminology are intended to identify forward-looking statements. These statements include those related to 374Water’s revenue guidance and cash runway, 374Water’s ability to scale its operations, including its WDS operations by expanding WDS operations to TSDFs and being awarded additional AFFF to process from the State of North Carolina or others, whether 374Water will be successful in obtaining federal, municipal and industrial waste destruction contracts, demand for 374Water’s solutions, and 374Water’s ability to destroy PFAS at scale, and 374Water’s future prospects and involve known and unknown risks, uncertainties, and other factors that may cause 374Water’s actual results, levels of activity, performance, or 374Water’s achievements or those of its industry to be materially different from those expressed or implied by any forward-looking statements. 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 and Media Contact Jim Siccardi Senior Vice President Direct: 984-374-1222 [email protected] www.374Water.com Chris Tyson Executive Vice President MZ North America Direct: 949-491-8235 [email protected] www.mzgroup.us