Aug. 7 at 4:05 PM
$SCWO
The federal market has been directed by congress to remediate contamination, by PFAS and
other organic wastes, at government locations. The government has already appropriated
hundreds of millions of dollars to perform this work. With our AS solution performing at
commercial scale with recent demonstrations under our belt, we believe we are well positioned
to win federal PFAS destruction opportunities. At year end, we have a federal backlog and
pipeline of
$900 million.
We intend to establish our first AS DaaS facility during the first half of 2025, initially using our
AS6 system, which we intend to upgrade to our AS30 as the technology matures. We believe
our initial AS6 DaaS installation has the potential to generate
$3.0 million and
$5.0 million per
year in revenue. In the future, we intend to install our AS30 system which has the potential to
generate
$15.0 million to
$25.0 million per year in revenue.
