374Water Inc (NASDAQ:SCWO) announced recent open-market stock purchases by company insiders, including board members and senior management.
The provider of organic waste destruction technology and services for the municipal, federal, and industrial markets said it believes there is a significant disconnect between the company’s current stock price and the value it can deliver in the coming years.
“These share purchases underscore our confidence in 374Water’s vision and the tremendous opportunities ahead for our AirSCWO (AS) technology," 374Water CEO Chris Gannon said in a statement.
“With the completion of numerous municipal, federal, and industrial waste destruction projects on a wide variety of solid and liquid waste streams, we are generating demand across these markets.”
Gannon also stated that the company has made considerable progress and expects continued advances for its AS technology with ongoing system deployments.
He added that he looks forward to additional milestones and announcements in the months ahead.
374Water noted that details of the transactions were disclosed as appropriate in Form 4 filings with the Securities and Exchange Commission.