Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. United States
  4. Nasdaq
  5. 374Water, Inc.
  6. News
  7. Summary
    SCWO   US88583P1049

374WATER, INC.

(SCWO)
Delayed Nasdaq  -  04:00:00 2023-05-26 pm EDT
2.590 USD   +0.78%
05/09374water Inc. : Results of Operations and Financial Condition, Financial Statements and Exhibits (form 8-K)
AQ
05/09Earnings Flash (SCWO) 374WATER Posts Q1 Revenue $801,000
MT
05/08374WATER INC. Management's Discussion and Analysis of Financial Condition and Results of Operations (form 10-Q)
AQ
SummaryQuotesChartsNewsCalendarCompanyFinancialsFunds 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

The Environmental Group Executes Memorandum of Understanding with 374Water Systems, Inc

02/13/2023 | 08:05pm EDT

The Environmental Group announced that it has executed a Memorandum of Understanding with 374Water Systems, Inc. for the establishment of a Strategic Partnership Agreement. 374Water Systems, Inc. 374Water has developed and commercialised the novel AirSCWOTM system ­ a modular waste slurry destruction technology which destroys all organic compounds including PFAS and other persistent organic compounds. The technology utilises a physical-thermal process powered by water above its critical point (374°C and 221 bar) and air that yields a highly effective oxidation reaction that completely eliminates organic compounds.

At scale, the process generates energy and safe by-products which can be recovered and reused. The technology has a broad range of applications including the processing of: Biosolids and biosolid digestate. Landfill leachates.

Commercial and domestic wastes (oils, fats, grease, plastic and food wastes). Liquids, sludges and slurries contaminated with PFAS, 1,4-Dioxane. Spent adsorption media like granulated activated carbon and ion exchange resins.

Animal and animal processing wastes. With EGL commercialising its own PFAS Concentration technology, establishing a strategic partnership agreement with 374Water is a natural fit. The AirSCWOTM technology allows EGL to offer its existing customers a complete PFAS solution where waste streams contaminated with PFAS are not only concentrated, but also destroyed.

Additionally, the SPA allows 374Water to leverage EGL's broad waste and industrial customer base for successful sales and after sales support within the territories of the SPA. They key terms of the MOU include: Establishment of a SPA on or before 30 April 2023. EGL granted the exclusive reseller rights of 374Water's AirSCWOTM technology within Australia and New Zealand.

Implementation of AirSCWOTM technology into EGL PFAS Concentration projects for PFAS destruction. Where requested by 374Water, the provision of Project Services which include project management, design, procurement, construction, installation, commissioning and maintenance of AirSCWOTM systems within the territories of Australia, New Zealand, ASEAN member states and all Pacific Islands west of the international Date Line. The exploration of 374Water to market EGL's PFAS Concentration technology in the North American market as a complement to the AirSCWOTM technology.


ę S&P Capital IQ 2023
Stocks mentioned in the article
ChangeLast1st jan.
374WATER, INC. 0.78% 2.59 Delayed Quote.-9.44%
THE ENVIRONMENTAL GROUP LIMITED -2.50% 0.195 Delayed Quote.-7.14%
All news about 374WATER, INC.
05/09374water Inc. : Results of Operations and Financial Condition, Financial Statements and Ex..
AQ
05/09Earnings Flash (SCWO) 374WATER Posts Q1 Revenue $801,000
MT
05/08374WATER INC. Management's Discussion and Analysis of Financial Condition and Results ..
AQ
05/08374Water, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2023
CI
03/19374Water, Inc.(NasdaqCM:SCWO) added to S&P TMI Index
CI
03/17374Water's 2022 Loss Widens, Revenue Increases
MT
03/16374WATER INC. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS ..
AQ
02/13The Environmental Group Executes Memorandum of Understanding with 374Water Systems, Inc
CI
2022374Water, Inc. Selected by US Navy for Joint NDCEE Project to Demonstrate 374Water's Co..
CI
2022374Water Inc. Appoints Lisa Neuberger Fernandez as Global Head of Sustainability & Ecos..
CI
More news
Financials (USD)
Sales 2022 3,02 M - -
Net income 2022 -4,69 M - -
Net cash 2022 5,99 M - -
P/E ratio 2022 -77,2x
Yield 2022 -
Capitalization 334 M 334 M -
EV / Sales 2021 7 046x
EV / Sales 2022 118x
Nbr of Employees 23
Free-Float 44,4%
Chart 374WATER, INC.
Duration : Period :
374Water, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Managers and Directors
Yaacov Nagar Chairman, President & Chief Executive Officer
Israel D. Abitbol Chief Financial Officer
Marc Deshusses Head-Technology
Daniel T. Bogar Head-Operations
Buddie J. Penn Independent Director
Sector and Competitors
1st jan.Capi. (M$)
374WATER, INC.-9.44%334
ABB LTD20.10%71 544
SIEMENS LIMITED24.52%15 171
ABB INDIA LIMITED49.29%10 275
SHANGHAI ELECTRIC GROUP COMPANY LIMITED10.23%8 702
ZHUZHOU CRRC TIMES ELECTRIC CO., LTD.-16.26%7 787
-40% off: Our subscriptions help you unlock hidden opportunities!
Subscribe
fermer