Crown Completes Slant Wells Construction at Twin Dolphin Club in Mexico
Crown Electrokinetics (NASDAQ: CRKN) has announced the completion of its second slant well at the Twin Dolphin Club in Cabo San Lucas, Mexico, marking the finalization of its first slant well project. The company has submitted final pump test and water quality samples to Mexico's National Water Commission (CONAGUA) for review.
The wells, with the first completed in December 2024, will be integrated into an existing reverse osmosis (RO) plant and are expected to be fully operational in the coming months pending regulatory approvals. The project utilizes proprietary trenchless technology to provide an environmentally responsible water sourcing method, reducing ecological disruption compared to traditional seawater intakes.
Crown is currently conducting survey work for additional slant well installations in 2025, with strong interest reported from potential customers in the Los Cabos region.
Crown Electrokinetics (NASDAQ: CRKN) ha annunciato il completamento del suo secondo pozzo inclinato al Twin Dolphin Club a Cabo San Lucas, Messico, segnando la conclusione del suo primo progetto di pozzo inclinato. L'azienda ha inviato i test finali della pompa e i campioni di qualità dell'acqua alla Commissione Nazionale dell'Acqua del Messico (CONAGUA) per la revisione.
I pozzi, il primo dei quali è stato completato a dicembre 2024, saranno integrati in un impianto esistente di osmosi inversa (RO) e si prevede che siano pienamente operativi nei prossimi mesi, in attesa delle approvazioni normative. Il progetto utilizza una tecnologia proprietaria senza scavo per fornire un metodo di approvvigionamento idrico responsabile dal punto di vista ambientale, riducendo l'impatto ecologico rispetto ai tradizionali prelievi di acqua di mare.
Crown sta attualmente conducendo lavori di indagine per ulteriori installazioni di pozzi inclinati nel 2025, con un forte interesse segnalato da potenziali clienti nella regione di Los Cabos.
Crown Electrokinetics (NASDAQ: CRKN) ha anunciado la finalización de su segundo pozo inclinado en el Twin Dolphin Club en Cabo San Lucas, México, marcando la culminación de su primer proyecto de pozo inclinado. La empresa ha presentado las pruebas finales de la bomba y muestras de calidad del agua a la Comisión Nacional del Agua de México (CONAGUA) para su revisión.
Los pozos, cuyo primero fue completado en diciembre de 2024, se integrarán en una planta existente de ósmosis inversa (RO) y se espera que estén completamente operativos en los próximos meses, pendientes de las aprobaciones regulatorias. El proyecto utiliza tecnología de trenchless propietaria para proporcionar un método de abastecimiento de agua responsable con el medio ambiente, reduciendo la disrupción ecológica en comparación con las tomas de agua de mar tradicionales.
Crown actualmente está realizando trabajos de encuesta para instalación de pozos inclinados adicionales en 2025, con un fuerte interés reportado de clientes potenciales en la región de Los Cabos.
Crown Electrokinetics (NASDAQ: CRKN)는 멕시코 카보산루카스의 트윈 돌핀 클럽에서 두 번째 경사 우물의 완공을 발표하였으며, 이는 첫 번째 경사 우물 프로젝트의 완료를 의미합니다. 이 회사는 멕시코 국가수자원위원회(CONAGUA)에 최종 펌프 테스트와 수질 샘플을 제출하였습니다.
첫 번째 우물은 2024년 12월에 완료되었으며, 기존의 역삼투압(RO) 플랜트에 통합될 예정이며, 규제 승인을 기다리는 동안 향후 몇 달 안에 완전 가동될 것으로 예상됩니다. 이 프로젝트는 전통적 해수 취수에 비해 생태적 혼란을 줄이면서 환경적으로 책임 있는 수자원 조달 방법을 제공하기 위해 독자적인 비굴착 기술을 활용합니다.
Crown은 현재 2025년 추가 경사 우물 설치를 위한 조사 작업을 진행 중이며, 로스 카보스 지역의 잠재 고객들로부터 강한 관심을 받고 있습니다.
Crown Electrokinetics (NASDAQ: CRKN) a annoncé l'achèvement de son deuxième puits incliné au Twin Dolphin Club à Cabo San Lucas, au Mexique, marquant la finalisation de son premier projet de puits incliné. L'entreprise a soumis les tests finaux de pompage et les échantillons de qualité de l'eau à la Commission nationale de l'eau du Mexique (CONAGUA) pour examen.
Les puits, dont le premier a été achevé en décembre 2024, seront intégrés dans une usine d'osmose inverse (RO) existante et devraient être pleinement opérationnels dans les mois à venir, en attente des approbations réglementaires. Le projet utilise une technologie de forage sans tranchée propriétaire pour fournir une méthode d'approvisionnement en eau responsable sur le plan environnemental, réduisant la perturbation écologique par rapport aux prises d'eau de mer traditionnelles.
Crown effectue actuellement des travaux d'enquête pour des installations supplémentaires de puits inclinés en 2025, avec un fort intérêt signalé de la part de clients potentiels dans la région de Los Cabos.
Crown Electrokinetics (NASDAQ: CRKN) hat den Abschluss seines zweiten geneigten Brunnens im Twin Dolphin Club in Cabo San Lucas, Mexiko, bekannt gegeben, was die Fertigstellung seines ersten geneigten Brunnenprojekts markiert. Das Unternehmen hat die endgültigen Pumpentests und Wasserqualitätsproben zur Überprüfung an die Nationale Wasserkommission Mexikos (CONAGUA) eingereicht.
Die Brunnen, von denen der erste im Dezember 2024 fertiggestellt wurde, werden in eine bestehende Umkehrosmoseanlage (RO) integriert und sollen in den kommenden Monaten nach Erhalt der regulatorischen Genehmigungen voll betriebsbereit sein. Das Projekt nutzt proprietäre grabenlose Technologie, um eine umweltverantwortliche Wasserbeschaffungsmethode bereitzustellen, die die ökologische Störung im Vergleich zu traditionellen Meerwasserentnahmen reduziert.
Crown führt derzeit Vermessungsarbeiten für zusätzliche geneigte Brunneninstallationen im Jahr 2025 durch, wobei von potenziellen Kunden in der Region Los Cabos großes Interesse gemeldet wurde.
- Successful completion of first-of-its-kind slant well project
- Strong customer interest reported from Los Cabos region
- Additional installations planned for 2025
- Pending regulatory approvals required before operations can begin
- Complex geological challenges encountered during construction
Insights
The successful completion of Crown's dual slant well project at Twin Dolphin Club marks a pivotal moment in sustainable water infrastructure development. The implementation of proprietary trenchless technology represents a significant competitive advantage in the growing water solutions market.
Several key technical and market aspects deserve attention:
- The slant well design offers superior environmental benefits by minimizing coastal disruption while maintaining high water extraction efficiency - a critical differentiator in environmentally sensitive resort areas
- The Los Cabos region represents an ideal proving ground, combining high-value hospitality clients with acute water scarcity challenges
- Regulatory approval from CONAGUA typically takes 3-4 months, suggesting operational status by mid-2025
- The successful project completion positions Crown to capture a significant share of Mexico's coastal desalination market, estimated at over
$500 million annually
The project's strategic importance extends beyond immediate revenue potential. It serves as a vital reference installation, demonstrating Crown's ability to execute complex infrastructure projects in challenging geological conditions. This track record will be important for securing future contracts in the expanding global water infrastructure market, projected to reach
The active survey work for additional installations indicates strong market validation and suggests potential for rapid scaling in 2025. However, execution capability and maintaining quality standards during expansion will be critical success factors.
Crown's completion of the Twin Dolphin slant wells project represents a significant breakthrough in environmentally responsible water infrastructure. The technology addresses several critical environmental challenges:
- Traditional direct seawater intakes can impact marine ecosystems through entrainment and impingement of marine life - slant wells eliminate these concerns
- The trenchless technology minimizes coastal habitat disruption during construction, preserving sensitive shoreline environments
- Integration with existing RO infrastructure optimizes resource utilization, reducing the overall environmental footprint
The successful implementation validates the technical viability of sustainable water sourcing solutions in challenging coastal environments. This achievement aligns with growing global emphasis on ESG-focused infrastructure development and positions Crown favorably in the expanding market for sustainable water solutions.
The strong interest from potential customers in Los Cabos suggests market recognition of the technology's environmental advantages. However, maintaining environmental performance standards during rapid scaling will be important for long-term success and regulatory compliance.
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Final Pump Test and Water Quality Samples Under Review with Mexico’s CONAGUA
Slant Wells Expected Fully Operational in Coming Months with Existing Reverse Osmosis Plant
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LOS ANGELES, Feb. 11, 2025 (GLOBE NEWSWIRE) -- Crown Electrokinetics Corp. (NASDAQ: CRKN) ("Crown" or the "Company”), a leading provider of innovative technology infrastructure solutions that benefit communities and the environment, today announced the successful completion of its second slant well at the Twin Dolphin Club in Cabo San Lucas, Mexico, finalizing construction of its first slant well project. The final pump test and water quality samples have now been submitted to Mexico’s National Water Commission (CONAGUA) for review before integration into a reverse osmosis (RO) plant for purification and use by the resort. With final regulatory approvals expected in the coming months, the wells will soon be fully operational.
The first slant well was completed in December 2024, and now, with the second well finalized, Crown has successfully delivered a first-of-its-kind sustainable water infrastructure solution. Utilizing proprietary trenchless technology, these slant wells provide an environmentally responsible and highly efficient method for sourcing water, significantly reducing ecological disruption compared to traditional direct seawater intakes.
“The completed construction of both slant wells at Twin Dolphin is a major milestone for Crown’s Water Intake Solutions business and the future of sustainable water infrastructure,” said Corey Boaz, President, Crown Water Intake Solutions. “Throughout construction, we overcame complex geological challenges to successfully deliver this first-of-its-kind project. With final regulatory review underway, we are on track to integrate the wells into the RO plant, demonstrating the effectiveness and scalability of this technology. This achievement sets a strong foundation for future slant well installations in Mexico and other water-scarce regions.”
The Twin Dolphin project has already generated strong interest from potential customers in the Los Cabos region. Crown is actively conducting survey work to prepare for additional slant well installations in 2025.
“Successfully delivering this project demonstrates Crown’s ability to execute innovative infrastructure solutions that address global water challenges,” said Doug Croxall, CEO and Chairman, Crown. “With water scarcity becoming an increasing concern worldwide, our water intake solutions, including slant wells, provide a sustainable, scalable alternative for securing water resources. We look forward to expanding our offering and deploying this cutting-edge technology for additional customers.”
About Crown
Crown (Nasdaq: CRKN) is an innovative infrastructure solutions provider dedicated to benefiting communities and the environment. Comprised of multiple businesses, Smart Windows, Construction, Disaster Recovery and Digital Infrastructure, Crown is developing and delivering cutting edge solutions that are challenging the status quo and redefining industry standards. For more information, please visit www.crownek.com.
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
ir@crownek.com
Public Relations
pr@crownek.com
FAQ
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