Crown Highlights Trump Administration Potential Impact on Its Water Solutions Division
Crown Electrokinetics highlights potential impacts of the incoming Trump administration on its water solutions division. The Lead and Copper Rule Improvement (LCRI) legislation, effective December 30, 2024, will remain unaffected by EPA's regulatory freeze on January 20, 2025. The company's Element 82 and PE Pipelines businesses, focused on lead pipe detection and remediation, are positioned to benefit from continued infrastructure priorities. Crown is exploring funding options, including reinstating its Equity Line of Credit (ELOC) to support growing demand.
Crown Electrokinetics sottolinea i potenziali impatti dell'imminente amministrazione Trump sulla sua divisione soluzioni idriche. La legislazione Lead and Copper Rule Improvement (LCRI), che entrerà in vigore il 30 dicembre 2024, rimarrà immune dal congelamento normativo dell'EPA a partire dal 20 gennaio 2025. Le attività della società Element 82 e PE Pipelines, focalizzate sulla rilevazione e riparazione di tubi di piombo, sono posizionate per trarre vantaggio dalle continue priorità infrastrutturali. Crown sta esplorando opzioni di finanziamento, tra cui il ripristino della sua Equity Line of Credit (ELOC) per supportare la crescente domanda.
Crown Electrokinetics destaca los posibles impactos de la próxima administración Trump en su división de soluciones de agua. La legislación Lead and Copper Rule Improvement (LCRI), que entrará en vigor el 30 de diciembre de 2024, permanecerá sin afectar por la pausa regulatoria de la EPA a partir del 20 de enero de 2025. Las empresas Element 82 y PE Pipelines de la compañía, centradas en la detección y remediación de tuberías de plomo, están posicionadas para beneficiarse de las continuas prioridades de infraestructura. Crown está explorando opciones de financiamiento, incluida la reinstalación de su Equity Line of Credit (ELOC) para apoyar la creciente demanda.
Crown Electrokinetics는 다가오는 트럼프 행정부가 자사의 수자원 솔루션 부문에 미칠 잠재적 영향을 강조합니다. 납과 구리 규정 개선 (LCRI) 법안이 2024년 12월 30일 발효되며, 2025년 1월 20일부터 EPA의 규제 동결 영향을 받지 않을 것입니다. 납 파이프 탐지 및 복원에 중점을 둔 회사의 Element 82 및 PE Pipelines 사업은 지속적인 인프라 우선사항으로부터 혜택을 받을 수 있는 위치에 있습니다. Crown은 증가하는 수요를 지원하기 위해 자본 신용 한도 (ELOC)를 재설정하는 것을 포함한 자금 옵션을 탐색하고 있습니다.
Crown Electrokinetics met en évidence les impacts potentiels de la prochaine administration Trump sur sa division des solutions en eau. La législation Lead and Copper Rule Improvement (LCRI), qui entrera en vigueur le 30 décembre 2024, restera inchangée par le gel réglementaire de l'EPA à partir du 20 janvier 2025. Les activités de l'entreprise Element 82 et PE Pipelines, axées sur la détection et la réhabilitation des tuyaux en plomb, sont bien placées pour bénéficier des priorités d'infrastructure continues. Crown explore des options de financement, y compris la réintroduction de sa Equity Line of Credit (ELOC) pour soutenir la demande croissante.
Crown Electrokinetics hebt die potenziellen Auswirkungen der bevorstehenden Trump-Administration auf ihre Wasserversorgungslösungssparte hervor. Die Gesetzgebung Lead and Copper Rule Improvement (LCRI), die am 30. Dezember 2024 in Kraft tritt, bleibt von der regulatorischen Freeze der EPA am 20. Januar 2025 unberührt. Die Geschäfte von Element 82 und PE Pipelines, die sich auf die Erkennung und Sanierung von Bleirohren konzentrieren, sind in einer Position, von den fortwährenden Infrastrukturprioritäten zu profitieren. Crown erkundet Finanzierungsoptionen, darunter die Wiederherstellung seiner Equity Line of Credit (ELOC), um die steigende Nachfrage zu unterstützen.
- LCRI legislation remains intact despite regulatory freeze
- Strong demand expected for lead pipe detection and remediation services
- Historical precedent of Trump administration supporting water infrastructure initiatives
- Company seeking additional funding through ELOC, indicating potential capital needs
- Regulatory uncertainty with incoming administration change
Insights
The article discusses potential regulatory impacts but lacks concrete financial or business implications. While it mentions exploring funding options and reinstating an ELOC, there are no specific financial details, contracts, or material business developments. The discussion about the Trump administration's potential impact is speculative and forward-looking, without immediate tangible effects on the company's operations or financials.
For a micro-cap company (
--
Lead and Copper Rule Improvement (LCRI) Legislation Excluded From U.S. Environmental Protection Agency's (EPA) Regulatory Freeze
Element 82 and PE Pipelines Well-Positioned for Continued Strong Demand
--
LOS ANGELES, Nov. 20, 2024 (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 highlighted the potential impact of the incoming Trump administration on its lead pipe detection and remediation businesses, Element 82 and PE Pipelines.
While many new EPA programs may face a regulatory freeze on January 20, 2025, the finalized LCRI legislation, effective December 30, 2024, will remain intact. This stability ensures continued progress in identifying and replacing lead service lines nationwide.
Further, the Trump administration is expected to prioritize critical water infrastructure challenges, including drinking water safety and lead pipe remediation. It was the 2016 Trump administration that revitalized the 1991 Lead and Copper Rule (LCR) laying the groundwork for the Lead and Copper Rule Revisions (LCRR) that were finalized in 2021.
“Americans deserve safe, reliable drinking water, and we’re proud that Crown’s Element 82 and PE Pipelines businesses are playing a key role in achieving that vision,” said Doug Croxall, CEO and Chairman, Crown. “The Trump administration has historically demonstrated a commitment to improving water infrastructure as seen with its 2016 efforts to modernize the LCR. With water safety remaining a national priority, we’re encouraged by the potential for increased attention and funding under the incoming administration. We believe that the opportunity for our innovative lead pipe identification and remediation solutions remains robust now and through the next presidential term.”
In order to support the strong demand for Crown’s innovative solutions, the Company continues to explore all funding options including reinstating its Equity Line of Credit (ELOC) to ensure access to all forms of capital sources.
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, Fiber Optics, 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 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
info@crownek.com
FAQ
How will the Trump administration affect Crown Electrokinetics (CRKN) water solutions division?
When does the LCRI legislation take effect for Crown Electrokinetics (CRKN)?
What funding options is Crown Electrokinetics (CRKN) exploring?
