Crown’s Element 82 Secures Key Role in Pittsburgh Water’s Lead Pipe Replacement Initiative
Crown Electrokinetics (NASDAQ: CRKN) announced that its Element 82 division will play a important role in Pittsburgh Water's lead pipe replacement initiative. Through an exclusive partnership with Electro Scan Inc., Element 82 will deploy SWORDFISH technology to inspect water service lines for 1,600 homes as part of PGH2O's Neighborhood Lead Service Line Replacement program.
SWORDFISH, recognized by the EPA in December 2024 as the only commercially available solution for accurate lead pipe identification, uses electrical resistance testing to detect various pipe materials including lead, copper, galvanized, and plastic pipes. The technology provides non-invasive and non-destructive inspection capabilities with superior accuracy compared to traditional methods.
Crown Electrokinetics (NASDAQ: CRKN) ha annunciato che la sua divisione Element 82 svolgerà un ruolo importante nell'iniziativa di sostituzione dei tubi in piombo dell'acqua di Pittsburgh. Attraverso una partnership esclusiva con Electro Scan Inc., Element 82 utilizzerà la tecnologia SWORDFISH per ispezionare le linee di servizio dell'acqua per 1.600 abitazioni come parte del programma di sostituzione delle linee di servizio condominiali PGH2O.
SWORDFISH, riconosciuta dall'EPA nel dicembre 2024 come l'unica soluzione commercialmente disponibile per l'identificazione accurata dei tubi in piombo, utilizza test di resistenza elettrica per rilevare diversi materiali tubolari, inclusi piombo, rame, galvanizzato e tubi plastici. La tecnologia fornisce capacità di ispezione non invasiva e non distruttiva con un'accuratezza superiore rispetto ai metodi tradizionali.
Crown Electrokinetics (NASDAQ: CRKN) anunció que su división Element 82 jugará un papel importante en la iniciativa de reemplazo de tuberías de plomo de Pittsburgh Water. A través de una asociación exclusiva con Electro Scan Inc., Element 82 desplegará la tecnología SWORDFISH para inspeccionar las líneas de servicio de agua de 1,600 hogares como parte del programa de reemplazo de líneas de servicio del vecindario PGH2O.
SWORDFISH, reconocida por la EPA en diciembre de 2024 como la única solución comercialmente disponible para la identificación precisa de tuberías de plomo, utiliza pruebas de resistencia eléctrica para detectar varios materiales de tuberías, incluidos plomo, cobre, galvanizado y plástico. La tecnología proporciona capacidades de inspección no invasivas y no destructivas con una precisión superior en comparación con los métodos tradicionales.
Crown Electrokinetics (NASDAQ: CRKN)은 그들의 Element 82 부서가 피츠버그 수돗물의 납 관 교체 프로그램에 중요한 역할을 할 것이라고 발표했습니다. Electro Scan Inc.와의 독점 파트너십을 통해 Element 82는 SWORDFISH 기술을 배치하여 PGH2O의 이웃 납 서비스 라인 교체 프로그램의 일환으로 1,600 가구의 수도관을 검사할 것입니다.
SWORDFISH는 2024년 12월 EPA에 의해 납 관 식별을 위한 유일한 상업적 이용 가능 솔루션으로 인정받았으며, 전기 저항 테스트를 사용하여 납, 구리, 아연 도금 및 플라스틱 관을 포함한 다양한 관 재질을 감지합니다. 이 기술은 전통적인 방법보다 뛰어난 정확도로 비침습적이고 비파괴적인 검사 기능을 제공합니다.
Crown Electrokinetics (NASDAQ: CRKN) a annoncé que sa division Element 82 jouerait un rôle essentiel dans l'initiative de remplacement des tuyaux en plomb de Pittsburgh Water. Grâce à un partenariat exclusif avec Electro Scan Inc., Element 82 déploiera la technologie SWORDFISH pour inspecter les canalisations d'eau de 1 600 foyers dans le cadre du programme de remplacement des lignes de service du quartier PGH2O.
SWORDFISH, reconnue par l'EPA en décembre 2024 comme la seule solution commercialement disponible pour l'identification précise des tuyaux en plomb, utilise des tests de résistance électrique pour détecter divers matériaux de tuyauterie, y compris le plomb, le cuivre, le galvanisé et le plastique. La technologie offre des capacités d'inspection non invasives et non destructrices avec une précision supérieure par rapport aux méthodes traditionnelles.
Crown Electrokinetics (NASDAQ: CRKN) gab bekannt, dass ihre Element 82 Abteilung eine wichtige Rolle bei der Initiative zur Ersetzung von Bleirohren des Pittsburgh Water spielen wird. Durch eine exklusive Partnerschaft mit Electro Scan Inc. wird Element 82 die SWORDFISH-Technologie einsetzen, um die Wasserleitungsanschlüsse von 1.600 Haushalten im Rahmen des Neighborhood Lead Service Line Replacement-Programms PGH2O zu inspizieren.
SWORDFISH, die im Dezember 2024 von der EPA als die einzige kommerziell verfügbare Lösung zur genauen Identifizierung von Bleirohren anerkannt wurde, verwendet elektrische Widerstandstests zur Erkennung verschiedener Rohrmaterialien, einschließlich Blei, Kupfer, verzinktem Stahl und Kunststoffrohren. Die Technologie bietet nicht-invasive und nicht-destruktive Inspektionsmöglichkeiten mit überlegener Genauigkeit im Vergleich zu herkömmlichen Methoden.
- Secured contract for inspecting 1,600 homes in Pittsburgh's lead pipe replacement program
- Exclusive partnership with Electro Scan Inc. for SWORDFISH technology deployment
- EPA recognition as only commercial solution for accurate lead pipe identification
- None.
Insights
The Pittsburgh Water contract marks a strategic milestone for Crown Electrokinetics, positioning Element 82 in the critical infrastructure modernization sector. The 1,600-home inspection project serves as a proof-of-concept for the company's service-based business model, potentially opening doors to similar contracts across the U.S.
The exclusive partnership with Electro Scan and deployment of EPA-recognized SWORDFISH technology creates significant barriers to entry. This technology advantage is particularly valuable as the EPA's Lead and Copper Rule Revisions mandate the replacement of an estimated 9.2 million lead service lines nationwide, representing a $45+ billion market opportunity over the next decade.
The non-invasive inspection capability addresses a critical industry pain point - accurate lead pipe identification without destructive testing. This efficiency could translate to faster project completion rates and higher profit margins compared to traditional inspection methods. The EPA's recognition of SWORDFISH as the only commercially available solution for accurate lead pipe detection creates a compelling competitive moat.
For investors, this contract represents more than just near-term revenue - it demonstrates Crown's ability to execute on its infrastructure technology strategy. The water infrastructure market offers stable, government-backed revenue streams, helping diversify the company's business model. With over 50,000 water utilities in the U.S. potentially requiring similar services, the scalability potential is substantial.
However, execution risks remain. The company will need to demonstrate operational efficiency, maintain quality control across projects and successfully navigate municipal procurement processes to capture additional market share. The success of this initial project could determine Crown's ability to secure larger contracts in other major metropolitan areas.
LOS ANGELES, Jan. 29, 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 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 Electro Scan Inc.
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 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
What is the scope of CRKN's Pittsburgh Water lead pipe inspection contract?
When did the EPA recognize CRKN's SWORDFISH technology for lead pipe detection?
What types of pipes can CRKN's SWORDFISH technology detect?
How does CRKN's SWORDFISH technology identify lead pipes?
