Crown’s Element 82 Division Announces New Lead Detection Service Projects in the State of Florida and New York
Crown Electrokinetics Corp. (NASDAQ: CRKN) has announced new lead detection service projects in Florida and New York through its Element 82 division. The company will conduct water service line inspections to locate lead pipes as mandated by the EPA's Lead and Copper Rule Revisions. Element 82 is working as an exclusive subcontractor to Electro Scan Inc., using the SWORDFISH technology for non-invasive pipe material identification.
Work has begun in Medley, Florida, an industrial community with 1,800 businesses and 1,100 residents. Four projects have also started in New York, including the cities of Batavia, Little Falls, Oneonta, and the Village of Warwick. These efforts align with New York's Lead Pipe Right to Know Act, requiring public water systems to make service line inventory information available to the public.
Crown Electrokinetics Corp. (NASDAQ: CRKN) ha annunciato nuovi progetti di rilevazione del piombo in Florida e New York attraverso la sua divisione Element 82. L'azienda eseguirà ispezioni delle linee di servizio dell'acqua per localizzare tubi in piombo, come richiesto dalle revisioni delle normative sul piombo e sul rame dell'EPA. Element 82 sta lavorando come subappaltatore esclusivo per Electro Scan Inc., utilizzando la tecnologia SWORDFISH per l'identificazione non invasiva dei materiali dei tubi.
I lavori sono iniziati a Medley, in Florida, una comunità industriale con 1.800 aziende e 1.100 residenti. Sono stati avviati anche quattro progetti a New York, comprese le città di Batavia, Little Falls, Oneonta e il Villaggio di Warwick. Questi sforzi sono in linea con il Lead Pipe Right to Know Act di New York, che richiede ai sistemi idrici pubblici di rendere disponibili al pubblico le informazioni sull'inventario delle linee di servizio.
Crown Electrokinetics Corp. (NASDAQ: CRKN) ha anunciado nuevos proyectos de detección de plomo en Florida y Nueva York a través de su división Element 82. La empresa llevará a cabo inspecciones de las líneas de servicio de agua para localizar tuberías de plomo, según lo exigido por las Revisiones de la Regla del Plomo y Cobre de la EPA. Element 82 está trabajando como subcontratista exclusivo para Electro Scan Inc., utilizando la tecnología SWORDFISH para la identificación no invasiva del material de las tuberías.
Los trabajos han comenzado en Medley, Florida, una comunidad industrial con 1,800 negocios y 1,100 residentes. También han comenzado cuatro proyectos en Nueva York, incluidas las ciudades de Batavia, Little Falls, Oneonta y la aldea de Warwick. Estos esfuerzos están alineados con la Ley del Derecho a Conocer sobre Tuberías de Plomo de Nueva York, que requiere que los sistemas de agua pública hagan disponible al público la información del inventario de las líneas de servicio.
Crown Electrokinetics Corp. (NASDAQ: CRKN)는 Element 82 부서를 통해 플로리다와 뉴욕에서 새로운 납 탐지 서비스 프로젝트를 발표했습니다. 회사는 EPA의 납 및 구리 규정 개정에 따라 납 배관을 찾기 위해 수도 서비스 라인 검사를 수행할 예정입니다. Element 82는 Electro Scan Inc.의 독점 하청업체로서 비침습적인 배관 재료 식별을 위한 SWORDFISH 기술을 사용하고 있습니다.
작업은 플로리다의 Medley에서 시작되었으며, 이곳은 1,800개의 사업체와 1,100명의 거주자가 있는 산업 커뮤니티입니다. Batavia, Little Falls, Oneonta, Warwick 마을을 포함한 뉴욕에서 네 개의 프로젝트도 시작되었습니다. 이러한 노력은 뉴욕의 납관 정보 공개법과 일치하며, 이는 공공 수자원 시스템이 서비스 라인 재고 정보를 대중에게 제공할 것을 요구합니다.
Crown Electrokinetics Corp. (NASDAQ: CRKN) a annoncé de nouveaux projets de détection du plomb en Floride et à New York à travers sa division Element 82. L'entreprise va procéder à des inspections des lignes de service d'eau pour localiser les tuyaux en plomb, conformément aux révisions de la règle sur le plomb et le cuivre de l'EPA. Element 82 agit en tant que sous-traitant exclusif d'Electro Scan Inc., utilisant la technologie SWORDFISH pour l'identification non invasive des matériaux de tuyauterie.
Les travaux ont commencé à Medley, en Floride, une communauté industrielle comptant 1 800 entreprises et 1 100 habitants. Quatre projets ont également été lancés à New York, y compris les villes de Batavia, Little Falls, Oneonta et le village de Warwick. Ces efforts sont conformes à la loi sur le droit de savoir concernant les tuyaux en plomb de New York, qui exige que les systèmes d'eau publics rendent accessibles au public les informations sur l'inventaire des lignes de service.
Crown Electrokinetics Corp. (NASDAQ: CRKN) hat neue Projekte zur Nachweisführung von Blei in Florida und New York über seine Abteilung Element 82 angekündigt. Das Unternehmen wird Inspektionen der Wasserleitungsleitungen durchführen, um Bleirohre zu lokalisieren, wie es die Überarbeitungen der Vorschrift über Blei und Kupfer der EPA vorschreiben. Element 82 arbeitet als exklusiver Subunternehmer für Electro Scan Inc. und nutzt die SWORDFISH-Technologie zur nicht-invasiven Identifizierung von Rohrmaterialien.
Die Arbeiten haben in Medley, Florida, begonnen, einer Industriegemeinde mit 1.800 Unternehmen und 1.100 Einwohnern. In New York haben auch vier Projekte begonnen, darunter die Städte Batavia, Little Falls, Oneonta und das Dorf Warwick. Diese Bemühungen stehen im Einklang mit dem Lead Pipe Right to Know Act von New York, der öffentliche Wassersysteme verpflichtet, Informationen über das Inventar von Versorgungsleitungen der Öffentlichkeit zugänglich zu machen.
- Secured new service projects in Florida and New York, potentially increasing revenue
- Using advanced SWORDFISH technology for non-invasive pipe material identification, offering a competitive advantage
- Alignment with EPA mandates and state regulations, positioning the company in a growing market
- None.
Insights
Crown's Element 82 division's new lead detection projects in Florida and New York are strategically significant. These initiatives align with the EPA's Lead and Copper Rule Revisions (LCRR), demonstrating Crown's proactive approach to regulatory compliance. The use of Electro Scan's SWORDFISH technology for non-invasive pipe material identification is a key competitive advantage.
The projects in Medley, Florida and four New York communities position Crown as a leader in this emerging market. With over 50,000 U.S. water agencies required to complete inventories, the potential for scalable growth is substantial. This could lead to increased revenue streams and market share expansion for Crown in the water infrastructure sector.
Crown's expansion into lead detection services through Element 82 represents a strategic diversification of its business model. This move into a regulatory-driven market could provide a stable revenue source, potentially offsetting volatility in other segments. The exclusive subcontractor agreement with Electro Scan Inc. for these projects suggests a strong market position.
Investors should note the scalability potential of this business line, given the EPA's nationwide mandate. While initial project values aren't disclosed, the long-term revenue potential could be significant if Crown can secure a substantial market share. However, it's important to monitor the capital expenditure required for expansion and the profit margins of these services to assess their impact on Crown's overall financial health.
The adoption of Electro Scan's SWORDFISH technology by Crown's Element 82 division marks a significant technological leap in lead pipe detection. This machine-intelligent probe using electrical resistance testing is far more efficient than traditional excavation methods. It positions Crown at the forefront of infrastructure assessment innovation.
The non-invasive nature of this technology not only reduces costs but also minimizes disruption to communities. This could lead to faster project completions and higher client satisfaction. As the industry shifts towards more advanced, data-driven solutions, Crown's early adoption of SWORDFISH technology could give it a competitive edge in securing future contracts and potentially expanding its service offerings in the infrastructure assessment and maintenance sector.
Field Work Has Commenced in Medley, Florida, With Four New York Community Water Agencies to Follow
LOS ANGELES, Aug. 21, 2024 (GLOBE NEWSWIRE) -- Crown Electrokinetics Corp. (NASDAQ: CRKN) (“Crown” or the “Company”), a leading smart glass technology company and an expert in constructing fiber optic networks and lead pipe inspection and remediation, today announced that its recently formed division, Element 82 Inc., has been awarded new service projects in the states of Florida and New York.
Element 82 field crews will conduct water service line inspection to locate lead pipes as mandated by the U.S. Environmental Protection Agency’s (EPA) Lead and Copper Rule Revisions (LCRR).
All projects will be conducted as the exclusive subcontractor to Electro Scan Inc., the prime contractor for each project.
"We are delighted to support community water systems to prepare accurate inventories of their water service lines using the Electro Scan SWORDFISH technology," stated David Kinsella, President, Element 82 Inc.
The EPA requires that all 50,000+ U.S. water agencies will complete an inventory of public and private water service lines that deliver drinking water to homes and businesses, including schools, health care, and child care facilities.
Traditionally, water pipes connecting water mains to households had to be dug-up and exposed to determine its pipe material(s). In contrast, Element 82 became an early adopter of the Electro Scan SWORDFISH product which uses a machine-intelligent probe to automatically identify pipe materials using electrical resistance testing.
Work has already begun in the Town of Medley, Florida.
Medley is an industrial community in northwest Miami-Dade County that covers eight square miles. It has 1,800 businesses and 1,100 residents, but the daytime population can reach over 60,000 when visitors and workers are included.
The town also operates Lakeside Rentals, a retirement park with mobile homes that are restricted by age and income.
In Medley, Element 82 field crews will be using SWORDFISH to test from sidewalk or property line to the house. Testing does not include plumbing inside the home or business.
"We look forward to using Electro Scan's SWORDFISH and teams from Element 82 to inspect our water services without needing to excavate," stated Jorge C Soto, Utilities Director, Town of Medley, Florida.
Four projects have also begun in the State of New York, including the City of Batavia, City of Little Falls, City of Oneonta, and the Village of Warwick.
In December 2023, Governor Kathy Hochul signed Senate Bill 5512. Known as the Lead Pipe Right to Know Act, the state law requires public water systems to make service line inventory information available to the public.
Since the majority of New York water meters and openings are located in basements, Element 82 will also be providing homeowner appointment scheduling.
About Crown Electrokinetics
Crown is comprised of four divisions, Fiber Optics, Electrokinetics Film, Element 82, and PE Pipelines. Crown’s Fiber Optics division is a builder of underground fiber optic networks as well as other utility infrastructure projects.. The Electrokinetics Film division is a smart glass technology and the creator of our Smart Window Insert based on its patented electrokinetic film. Element 82 is a water pipeline inspection service provider focused on lead detection and condition assessment. PE Pipelines is a pipe repair, replacement, and lead pipe remediation specialty contractor.
Safe Harbor Statement:
Statements in this news release may be "forward-looking statements". 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.
Crown Electrokinetics Contact:
IR Email: info@crownek.com
SOURCE: Crown Electrokinetics Corp.
FAQ
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