Business
374Water Announces Timeline for Deployment of AirSCWO Technology at Orange County, California Sanitation District
Installation of Upgraded AirSCWO System with Plans to Upgrade to Larger AirSCWO 30 and Potential Installation of up to Five AirSCWO 200 Units DURHAM, N.C.,
About this update from 374water Inc.
[{"type":"text","content":"Installation of Upgraded AirSCWO System with Plans to Upgrade to Larger AirSCWO 30 and Potential Installation of up to Five AirSCWO 200 Units DURHAM, N.C., Feb. 13, 2025 (GLOBE NEWSWIRE) -- 374Water Inc. (NASDAQ: SCWO) (“374Water” or the “Company”), a global leader in organic waste destruction technology for municipal, federal, and industrial markets, today announced it has made significant progress in development of its systems and is providing an updated timeline for the deployment of its AirSCWO 6 System to the Orange County Sanitation (“OC San”) District Plant No. 1. To improve its waste management and resource recovery practices, OC San is partnering with 374Water to deploy the Company’s groundbreaking AirSCWO technology. OC San processes over 180 million gallons of wastewater daily, serving over 2.6 million people. Currently, over 525 wet tons of Class B biosolids produced by OC San are transported to sites in California and Arizona for agricultural reuse every day. The AirSCWO system offers an advanced approach to biosolids destruction which in the future could allow OC San to eliminate the need for offsite biosolids reuse. This updated timeline follows 374Water’s further AirSCWO system ruggedization, system design, process improvements, and upgrades made during the deployment to Orlando, FL. The Company has made system design and process improvements to meet OC San’s needs. Project Plan for Orange County Sanitation The AirSCWO 6 system deployment and payment schedule with OC San will follow the mutually agreed-upon timeline: System Manufacturing: The manufacturing of OC San’s AirSCWO 6 system is scheduled to be completed in March 2025.Factory Acceptance Test (“FAT”): The FAT test is scheduled to be completed in May 2025. The FAT ensures the AirSCWO 6 system meets all OC San performance specifications prior to deployment.System Delivery: We are scheduled to mobilize and transport the AirSCWO 6 system from our manufacturing facility in Orlando, Florida, to OC San’s Plant No. 1 in Fountain Valley, California in May 2025.Site Integration & Commissioning: Immediately following mobilization, the AirSCWO 6 system will be commissioned on-site at OC San District Plant No. 1. These combined milestones correspond to approximately $1.3 Million in projected revenue in the Q2 to Q4 periods of this year. Operational Plan and Future Exp...