374water

374Water reported completion of phase 2 of its mobile AirSCWO deployment in St. Cloud, Minnesota, after which the stock rose 2.7%. The company processed Class A biosolids with up to 12% solids as part of a $600,000 contract with the city and partner Barr Engineering under a state PFAS evaluation. Phase 3 to treat sludge ahead of anaerobic digestion has been launched; earlier tests in Orlando showed up to 97% solids reduction and up to 99.99% PFAS reduction. 374Water expects a successful pilot could generate annual revenues in the millions and $0.5–1.5 million per mobile unit. » Más en de.investing.com

374Water has announced the resignation of Buddie Joe Penn and appointed Bradley Freels to the board effective Monday. Freels, chairman and CEO of Midway, will also join the compensation committee and is expected to assist with potential financing efforts; a successful transaction would exceed a total value of over $120,000. The company reports moderate leverage (debt-to-equity 0.21) and a current ratio of 1.44. 374Water further strengthens its management with the appointment of Charles Weiser and is launching a project to treat PFAS-contaminated sewage sludge in early 2026. » Más en de.investing.com