374Water Inc.

Greetings and welcome to the 374 Water Third Quarter 2025 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 hand the call over to Jim Sicardi, Senior Vice President of Investor Relations at 374 Water. Please go ahead, sir.

Thank you, operator. Before we begin the formal presentation, I would like to remind everyone that statements made on this call and webcast may include predictions, estimates, and 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 this date of the presentation. Please keep in mind that we are not obligating ourselves to revise or publicly release 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-Q and Form 10-K for more complete discussion of these factors and other risks, particularly under the heading Risk Factors. Your host today, Interim President and Chief Executive Officer and Board Director Stephen Jones and Chief Financial Officer Russell Klein, will present results of the operations for the third quarter ended September 30th, 2025. A press release detailing these events 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. With that, I will now turn the call over to 374water's Interim President and CEO and Board Director, Steve Jones.

Thank you, Jim. Good afternoon, everyone, and thank you all for joining us today. We very much appreciate the support, collaboration, and constructive feedback from shareholders as your active engagement demonstrates your commitment to 374 Water's mission. Before we begin, I'd like to take a moment to introduce myself to those of you whom I have not had the opportunity to meet yet. Last month, I accepted the board's request to serve as interim president and chief executive officer, in addition to my role as a director of the company. As interim CEO, I'm focused on leading the 374 water team on its continued commercialization of our proprietary supercritical water oxidation technology, or AirSquo, as we like to call it, and accelerating conversion of our growing pipeline of opportunities, including the further development of our waste destruction services business. My goal is to turn our immediate opportunities into profitable deals and deliver value to you, our shareholders. I was asked to assume this role owing to my extensive experience as an operating executive with expertise in the waste and environmental services spaces and in the development of own and operate onsite business models employed in the industrial gas and chemical sectors, which is very similar to 374 Water's waste destruction services model, which you've heard us speak about in the past. Previously, I was chief executive officer of Covanta Holding Corporation. That company is now owned by Private Asset Equity and renamed ReWorld Waste. ReWorld is a world leader in developing, building, owning, and operating waste facilities and providing environmental and clean tech services. I led Covanta through a rapid growth phase, focused on owning and operating waste destruction facilities and acquiring environmental services companies, providing waste and wastewater services to third party customers. Prior to that, I was with Air Products, which was an early adopter in owning and operating onsite facilities at customer locations globally. a model which will be an important part of 374 Water's strategy going forward. This role with 374 Water is an opportunity to step into a company that I firmly believe has significant value, creation potential, and incredible demand for its facilities and services. I appreciate the Board's confidence, and I'm excited to lead the 374 Water team on this journey.