DURHAM, N.C., July 20, 2021 /PRNewswire/ -- OTCQB ("PWVI"), a
social impact, cleantech company located in Durham, North Carolina, and Stantec, TSX and
the NYSE, a global design firm and recognized leader in integrated
organics management and resource recovery, have entered into
an agreement whereby Stantec will provide services to evaluate and
support 374Water's design of its AirSCWO Nix6 systems.
Under the terms of the agreement, Stantec will act as owner's
representative by participating in design process
meetings, interdisciplinary evaluations, and operations review
support.
CEO of 374Water, Kobe Nagar,
commented, "We are pleased that Stantec has agreed to act as our
owner's representative"
SCWO is an advanced oxidation method that handles a variety of
organic wastes, in particular wet wastes in concentrated slurries
such as wastewater sludge, biosolids, agricultural byprducts,
pharmaceutical and chemical wastes. SCWO uses the unique properties
of water above its critical point (374 °C and 221 bar). Combining
oxygen with supercritical heat and high pressure, organics are
rapidly converted to clean water, inert gases, recoverable mineral
salts, and reusable heat with >99% reduction in solids volume.
The process has proven effective at eliminating emerging
contaminants such as PFAS, 1,4-Dioxane, drugs, microplastics, and
other pathogens. 374Water is commercializing its AirSCWO Nix6
systems as decentralized, prefabricated, compact, and modular
units.
"We took notice of 374Water and their supercritical water
oxidation (SCWO) process early on, identifying this technology's
potential. Stantec has long been at the forefront in sustainable
resource recovery. We look forward to providing design services and
third-party validation to 374Water as owner's representative," said
Stantec's VP, Michael
McWhirter.
Co-founder and CEO of 374Water, Kobe
Nagar, commented, "We are pleased that Stantec has agreed to
act as our owner's representative in the design and validation of
AirSCWO Nix6 units. As a trusted global service provider, Stantec
leads the industry with their innovative approach, balancing
prudent technological innovation with environmental, regulatory,
and economic needs. They're a global company serving clients both
large and small, and we're pleased to have them provide oversight
and validation to our process."
This technology – employing circular economy principals –
recently closed its first round of equity funding. The first units
are expected to be deployed in the first half of 2022.
About 374Water
374Water Inc., (PWVI) is a publicly traded company offering
innovative technology to process and eliminate organic waste
including "forever" chemicals from natural and developed
environments. Our mission is to preserve a clean and healthy
environment that sustains life. We apply cutting-edge science and
engineering prowess to recover resources from the wastes our
society generates to keep our drinking water clean! We help
businesses and local governments deploy solutions consistent with
the Sustainable Development Goals (SDGs).
About Stantec
We Design With Community In Mind.
Communities are fundamental. Whether around the corner or across
the globe, they provide a foundation, a sense of place and of
belonging. That's why at Stantec, we always design with
community in mind.
We care about the communities we serve—because they're our
communities too. This allows us to assess what's needed and connect
our expertise, to appreciate nuances and envision what's never been
considered, to bring together diverse perspectives so we can
collaborate toward a shared success.
Stantec are designers, engineers, scientists, and project
managers, innovating together at the intersection of community,
creativity, and client relationships. Balancing these priorities
results in projects that advance the quality of life in communities
across the globe.
Stantec trades on the TSX and the NYSE under the symbol
("STN").
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements regarding
the initiatives and projects described above. Forward-looking
statements also include any other statements that do not refer to
historical facts. By their nature, forward-looking statements are
based on assumptions and subject to inherent risks and
uncertainties. There is a risk that the initiatives and projects
described above may be delayed, cancelled, suspended, or
terminated. This could cause future results to differ materially
from the forward-looking statements made in this news release.
Except as may be required by law, 374Water undertakes no obligation
to publicly update or revise any forward-looking statements.
Forward–looking statements are provided herein for the purpose of
giving information about the initiatives and projects referred to
above and their expected impact. Readers are cautioned that such
information may not be appropriate for other purposes
CONTACT:
Mr. Richard Davis, rd@374Water.com and/
or ir@374Water.com, (786) 412-7015
Related Links:
https://www.374water.com
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SOURCE 374Water, Inc.