CRKN CROWN ELECTROKINETICS CORP

Crown’s Element 82 Secures Key Role in Pittsburgh Water’s Lead Pipe Replacement Initiative

Crown’s Element 82 Secures Key Role in Pittsburgh Water’s Lead Pipe Replacement Initiative

LOS ANGELES, Jan. 29, 2025 (GLOBE NEWSWIRE) -- (NASDAQ: CRKN) ("Crown" or the "Company”), a leading provider of innovative technology infrastructure solutions that benefit communities and the environment, today announced that its Element 82 division has secured a key role in Pittsburgh Water’s (PGH2O) lead pipe replacement initiative through its exclusive service partnership with .

Element 82 will deploy Electro Scan’s SWORDFISH technology to inspect all water service lines for 1,600 homes as part of PGH2O’s Neighborhood Lead Service Line Replacement program. SWORDFISH uses advanced electrical resistance testing to deliver unparalleled accuracy in identifying lead pipes, offering a solution that is both non-invasive and non-destructive.

"This project reflects the growing recognition of Element 82’s ability to address one of the most pressing public health challenges of our time," David Kinsella, President, Element 82. "By leveraging Electro Scan’s SWORDFISH technology, we are setting new industry standards for accuracy, efficiency, and innovation in lead pipe detection. We are proud to play an important role in projects like these, which prioritize community health and environmental sustainability."

SWORDFISH technology was recognized by the U.S. Environmental Protection Agency in December 2024 as the only commercially available solution capable of accurately identifying lead water pipes. Its ability to detect a range of materials, including lead, copper, galvanized, and plastic pipes, sets it apart from traditional methods that often miss key details.

"Element 82 is at the forefront of transforming how we approach infrastructure challenges. As communities across the U.S. work to eliminate lead service lines, our technology and expertise position us as a trusted partner to deliver meaningful results," concluded Mr. Kinsella.

About Crown

Crown (Nasdaq: CRKN) is an innovative infrastructure solutions provider dedicated to benefiting communities and the environment. Comprised of three business divisions, Smart Windows, Construction, and Water Solutions, Crown is developing and delivering cutting edge solutions that are challenging the status quo and redefining industry standards. For more information, please visit .

Forward Looking Statements

Certain statements in this news release may be "forward-looking statements" (within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995) regarding future events or Crown’s future financial performance that involve certain contingencies and uncertainties, including those discussed in Crown’s Annual Report on Form 10-K for the year ended December 31, 2023, and subsequent reports Crown files with the U.S. Securities and Exchange Commission from time to time, in the sections entitled “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions, or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and Crown Electrokinetic Corporation undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.

This press release does not constitute a public offer of any securities for sale. Any securities offered privately will not be or have not been registered under the Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

For more information, please contact:

Investor Relations

Public Relations



EN
29/01/2025

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on CROWN ELECTROKINETICS CORP

 PRESS RELEASE

Crown Reports First Quarter 2025 Results

Crown Reports First Quarter 2025 Results LOS ANGELES, May 16, 2025 (GLOBE NEWSWIRE) --   (NASDAQ: CRKN) ("Crown" or the "Company”) today reported its financial results for the first quarter ended March 31, 2025. Financial Results for First Quarter Ended March 31, 2025 Revenue was $2.8 million for the first quarter of 2025, which increased from $0.7 million during the same period of 2024. Increased revenue is attributable to new contracts in the Fiber Optics, Water Service Lines (Element 82), and Water Intake Solutions (Slant Well) businesses. Gross margin/(loss) was ($1.0) million for ...

 PRESS RELEASE

Crown Reports Full Year 2024 Results

Crown Reports Full Year 2024 Results Achieved Full Year 2024 Revenue of $19.7 Million LOS ANGELES, April 01, 2025 (GLOBE NEWSWIRE) -- (OTC: CRKN) ("Crown" or the "Company”), a leading provider of innovative technology infrastructure solutions that benefit communities and the environment, today reported its financial results for the full year ended December 31, 2024. “We ended the full year 2024 with $19.7 million in revenue, a dramatic increase from just $0.2 million the year prior. This is a result of our deliberate focus on top-line growth as we worked to establish a stable operatio...

 PRESS RELEASE

Crown Announces Leadership Change

Crown Announces Leadership Change LOS ANGELES, March 26, 2025 (GLOBE NEWSWIRE) -- (OTC: CRKN) ("Crown" or the "Company”), a leading provider of innovative technology infrastructure solutions that benefit communities and the environment, today announced that Andrew “Andy” Mayer, President of Construction, has submitted his resignation, effective Tuesday, March 25, 2025. “We thank Andy for his time at Crown and wish him all the best in his future endeavors,” said Doug Croxall, CEO and Chairman, Crown. “Crown remains focused on executing across all areas of our diversified business. Our ...

 PRESS RELEASE

Crown Provides Update on Nasdaq Delisting

Crown Provides Update on Nasdaq Delisting LOS ANGELES, March 19, 2025 (GLOBE NEWSWIRE) -- (OTC: CRKN) ("Crown" or the "Company”), a leading provider of innovative technology infrastructure solutions that benefit communities and the environment, today announced that the Nasdaq Hearings Panel has declined Crown’s request to reconsider its March 3, 2025, decision to delist the Company’s common stock from The Nasdaq Stock Market. Following this determination, Crown immediately prepared and filed an appeal on March 18, 2025, requesting further review of the delisting decision. While this appe...

 PRESS RELEASE

Crown CEO Issues Update Letter to Shareholders

Crown CEO Issues Update Letter to Shareholders LOS ANGELES, March 12, 2025 (GLOBE NEWSWIRE) -- (OTC: CRKN) ("Crown" or the "Company”), a leading provider of innovative technology infrastructure solutions that benefit communities and the environment, today provided a letter to shareholders from its CEO and Chairman, Doug Croxall. Dear Fellow Shareholders, Earlier this month, we were disappointed to be delisted from the Nasdaq despite taking diligent and strategic steps to meet the exchange’s listing requirements. While we will discuss our listing plans in more detail later, my p...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch