374Water Inc (NASDAQ:SCWO) announced that it has added veteran investor and real estate developer Bradley Freels to its board of directors.
Freels is chairman and chief executive officer of Houston-based Midway, a privately held real estate investment, development and construction firm. He is also the founder of Midway Holdings, which oversees a group of real estate and investment-related companies operating under the Midway name.
According to 374Water, under Freels’ leadership, Midway has developed or acquired more than 55 million square feet of office, industrial, hospitality, multifamily, medical and retail properties across the United States and Northern Mexico, along with more than 5,000 acres of business and residential communities.
Beyond real estate, Freels has participated in the startup and early-stage financing of a number of companies, including 374Water.
"Mr. Freels’ track record as a strategic investor and real estate leader brings a valuable perspective to 374Water,” CEO Stephen Jones said in a statement.
“His experience in business development, capital allocation, and enterprise growth – combined with his long-standing familiarity with our Company as an early investor – will be invaluable as we advance our long-term growth strategy.”
Freels expressed excitement about joining 374Water at what he described as a pivotal stage in its growth.
“With the current market momentum and the expanding deployment of AirSCWO technology for the clean and sustainable destruction of organic wastes, the company is positioned to accelerate its impact,” Freels said.
“Every day, I see opportunities where 374Water could positively impact the real estate industry. Municipal infrastructure is one of the areas that increases the cost of home ownership – if 374’s technology was employed by these entities, homes could potentially be more affordable, and our environment would greatly benefit as well.”