374Water, Inc. provides update on WDS businesses, AirSCWO deployment

374Water provided an update on its Waste Destruction Services businesses as well as an updated timeline for the deployment of its AirSCWO 6 System to the Orange County Sanitation District. 374Water’s WDS business model is designed to transform how the world eliminates persistent nonhazardous and hazardous wastes. Leveraging the Company’s AirSCWO supercritical water oxidation technology, WDS provides a flexible, scalable destruction solution to our markets that addresses some of the world’s most pressing environmental contaminants – including PFAS, landfill leachate, pharmaceuticals, industrial chemicals, and microplastics. Unlike traditional methods such as incineration, landfilling, or deep-well injection, which leave behind residual risks, AirSCWO has demonstrated the ability to achieve total waste destruction – leaving no harmful byproducts behind. WDS is a significant and accretive potential revenue stream from treating hazardous and non-hazardous wastes. The Company is seeing rapidly increasing demand for destruction solutions for Aqueous Film-Forming Foam, granular activated carbon, ion exchange resin, and other PFAS contaminated waste streams and is actively pursuing large opportunities across all our business segments. WDS presents an opportunity to increase revenue beyond the traditional sale or lease of equipment, facilitating broader market absorption of AirSCWO technology, while meeting clients’ financial and operational needs. With the constant presence of toxic waste at municipal, federal and industrial levels, WDS has the potential to help 374Water generate the necessary capital to design and develop larger AS systems that our customers increasingly demand. Flexible Access: Customers can utilize WDS through on-site deployment, regional service hubs, or mobile treatment units. Pay-As-You-Go Service: Clients pay for capacity and waste processed, eliminating the need for heavy upfront capital investment. Scalable Platform: Each AirSCWO unit, depending on the size and scale, is being designed to process from 1-30 wet tons per day, with rapid deployment capabilities to meet growing demand. Market Applications: Municipal wastewater, industrial manufacturing, military bases, airports, and chemical producers. Over the next 12 to 18 months, 374Water intends to establish multiple WDS operations at Treatment, Storage, and Disposal Facilities partner facilities in the United States. The Company intends to initially utilize its AS6 systems at WDS facilities and then expand to AS30 systems, and intends to utilize AS1 and AS6 systems for mobile WDS operations. 374Water believes its AS systems are the largest capacity waste destruction solutions available in the market today. The delivery of 374Water’s AS6 system to OC San, most recently scheduled for late September, is being postponed due to mutually agreed-upon technology and infrastructure upgrades that were slower than desired due to supply chain delays for specific components, as well as due to delays in receiving required permits to operate in California. The timing surrounding the completion of the previously mentioned factory acceptance test, a precursor to shipping, is predicated upon receiving and installing the new components from our vendor. Additionally, 374Water and OC San are awaiting the receipt of the final permits necessary to operate the AirSCWO system with timing of receipt potentially before year end.