374Water Inc.

Greetings and welcome to the 374 Water Fiscal Year 2024 Financial Results Conference Call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. As a reminder, this conference is being recorded. At this time, I will now hand the call to Chris Tyson, Executive Vice President of MZ Group. Please go ahead.

Thank you, Operator. Before we begin the formal presentation, I'd like to remind everyone that statements made on the call and webcast may include predictions, estimates, or other information that might be considered forward-looking. While these forward-looking statements represent our current judgment on what the future holds, they are subject to risks and uncertainties that could cause actual results to differ materially. You are cautioned not to place undue reliance on these forward-looking statements, which reflect our opinions only as of the date of this presentation. Please keep in mind that we are not obligating ourselves to revise or publicly release the results of any revision to these forward-looking statements in light of new information or future events. Throughout today's discussion, we will attempt to present some important factors relating to our business that may affect our predictions. You should also review our most recent Form 10-K for a more complete discussion of these factors and other risks, particularly under the heading Risk Factors. President and Chief Executive Officer, Mr. Chris Gannon, and Chief Financial Officer, Mr. Russell Klein, will present results of operations for the fiscal year ended December 31, 2024. A press release detailing these results crossed the wire this afternoon at 4.01 p.m. Eastern Time and is available in the investor relations section of the company's website, 374water.com. I will now turn the call over to 374 Water's President, and Chief Executive Officer, Chris Gannon. Chris, the floor is yours.

Thank you, Chris. Good afternoon, everyone, and thank you for joining us today. 374 Water is a global industrial technology and services company providing innovative waste destruction and treatment solutions to municipal, federal, and industrial market verticals. Our proprietary air flow system is designed to destroy both solid and liquid non-hazardous and hazardous organic waste. And in the process, our technology produces safe dischargeable water, safe mineral effluent, safe vent gas, and recoverable heat energy. Our goal is to provide the best-in-class waste destruction solutions, which we believe can disrupt the $450 billion global waste destruction and waste management market, whose participants seek alternatives to outdated conventional solutions. We believe our scalable and customizable air flow system, which is designed to augment or replace conventional inefficient waste management approaches, is an ideal solution for our target markets. In addition, we provide a flexible go-to-market strategy offering multiple procurement options to meet specific customer needs, including capital sale, lease, and waste destruction service offerings. Further, we have developed a robust, actionable, and growing backlog and pipeline of opportunities, which we are converting to revenue. As a result, we believe we have a viable path to generate 250 to 500 million in annual revenue over the next five years or so. Before I discuss our operational highlights and business updates, I would like to play a short video that introduces our air squelch technology and provides a brief overview. For those dialing into the call, there will be approximately 90 seconds of silence, so please bear with us. This video is also available at the link within today's investor presentation.