UPDATE - 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 the Neighborhood Lead Service Line Replacement program.
SWORDFISH utilizes advanced electrical resistance testing for lead pipe identification, offering non-invasive and non-destructive inspection methods. The U.S. Environmental Protection Agency recognized electrical resistance testing in December 2024 as the only commercially available solution capable of accurately identifying lead water pipes. The technology can detect various materials, including lead, copper, galvanized, and plastic pipes, surpassing traditional detection methods.
Crown Electrokinetics (NASDAQ: CRKN) ha annunciato che la sua divisione Element 82 svolgerà un ruolo importante nell'iniziativa di sostituzione dei tubi di piombo di Pittsburgh Water. Attraverso una partnership esclusiva con Electro Scan Inc., Element 82 installerà la tecnologia SWORDFISH per ispezionare le linee di servizio idrico di 1.600 abitazioni come parte del programma di sostituzione delle linee di servizio al piombo dei quartieri.
SWORDFISH utilizza avanzati test di resistenza elettrica per l'identificazione dei tubi di piombo, offrendo metodi di ispezione non invasivi e non distruttivi. L'Agenzia per la Protezione Ambientale degli Stati Uniti ha riconosciuto nel dicembre 2024 il test di resistenza elettrica come l'unica soluzione commerciale disponibile in grado di identificare con precisione i tubi d'acqua in piombo. La tecnologia può rilevare vari materiali, inclusi tubi in piombo, rame, galvanizzati e plastica, superando i metodi tradizionali di rilevamento.
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 de plomo en la vecindad.
SWORDFISH utiliza pruebas avanzadas de resistencia eléctrica para la identificación de tuberías de plomo, ofreciendo métodos de inspección no invasivos y no destructivos. La Agencia de Protección Ambiental de EE. UU. reconoció en diciembre de 2024 la prueba de resistencia eléctrica como la única solución comercial disponible capaz de identificar con precisión las tuberías de agua de plomo. La tecnología puede detectar varios materiales, incluidos tuberías de plomo, cobre, galvanizado y plástico, superando los métodos tradicionales de detección.
Crown Electrokinetics (NASDAQ: CRKN)는 그들의 Element 82 부서가 피츠버그 수도국의 납 파이프 교체 이니셔티브에서 중요한 역할을 하게 될 것이라고 발표했습니다. Electro Scan Inc.와의 독점 파트너십을 통해 Element 82는 SWORDFISH 기술을 배치하여 이웃 납 서비스 라인 교체 프로그램의 일환으로 1,600 가구의 수도 서비스 라인을 검사할 것입니다.
SWORDFISH는 납 파이프 식별을 위한 고급 전기 저항 테스트를 활용하여 비침습적이고 비파괴적인 검사 방법을 제공합니다. 미국 환경 보호국은 2024년 12월에 전기 저항 테스트를 정확하게 납 수도 파이프를 식별할 수 있는 유일한 상업적으로 이용 가능한 솔루션으로 인정했습니다. 이 기술은 납, 구리, 아연도금 및 플라스틱 파이프를 포함한 다양한 재료를 감지할 수 있으며, 전통적인 감지 방법을 초월합니다.
Crown Electrokinetics (NASDAQ: CRKN) a annoncé que sa division Element 82 jouera un rôle important 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 conduites d'eau de 1.600 foyers dans le cadre du programme de remplacement des conduites de service au plomb dans les quartiers.
SWORDFISH utilise des tests avancés de résistance électrique pour identifier les tuyaux en plomb, offrant des méthodes d'inspection non invasives et non destructives. L'Agence de Protection Environnementale des États-Unis a reconnu en décembre 2024 les tests de résistance électrique comme la seule solution commercialement disponible capable d'identifier précisément les tuyaux d'eau en plomb. La technologie peut détecter divers matériaux, y compris les tuyaux en plomb, cuivre, galvanisés et en plastique, dépassant ainsi les méthodes de détection traditionnelles.
Crown Electrokinetics (NASDAQ: CRKN) hat angekündigt, dass ihre Abteilung Element 82 eine wichtige Rolle in der Initiative zum Austausch von Bleirohren von Pittsburgh Water spielen wird. Durch eine exklusive Partnerschaft mit Electro Scan Inc. wird Element 82 die Technologie SWORDFISH einsetzen, um die Wasserleitungsanschlüsse von 1.600 Haushalten im Rahmen des Programms zum Austausch von Bleirohren in der Nachbarschaft zu überprüfen.
SWORDFISH nutzt fortschrittliche elektrische Widerstandstests zur Identifizierung von Bleirohren und bietet nicht-invasive sowie nicht-destructive Prüfmethoden. Die US-Umweltbehörde erkannte im Dezember 2024 den elektrischen Widerstandstest als die einzige kommerziell verfügbare Lösung an, die in der Lage ist, Bleirohre genau zu identifizieren. Die Technologie kann verschiedene Materialien erkennen, darunter Bleirohre, Kupfer, verzinkte sowie Kunststoffrohre und übertrifft damit traditionelle Erkennungsmethoden.
- Secured contract for inspection of 1,600 homes in Pittsburgh
- Exclusive partnership with Electro Scan Inc. for SWORDFISH technology
- EPA recognition as only commercially viable lead pipe detection solution
- None.
Insights
The Pittsburgh Water contract marks a pivotal milestone for Crown's Element 82 division, positioning the company strategically in the $45 billion U.S. lead pipe replacement market. This contract demonstrates strong market validation, particularly significant given Crown's relatively small market cap of
The exclusive partnership with Electro Scan provides Crown with a significant competitive moat. The SWORDFISH technology's EPA recognition as the only commercially viable solution for lead pipe detection creates a substantial barrier to entry and positions Crown advantageously for capturing market share in the growing infrastructure modernization sector.
Several key factors make this development particularly noteworthy:
- The EPA's December 2024 endorsement of electrical resistance testing technology provides regulatory tailwinds
- The 1,600-home inspection project serves as a proof-of-concept for larger municipal contracts
- The non-invasive nature of the technology offers cost advantages over traditional inspection methods
- The initiative aligns with the Biden Administration's commitment to replace all lead pipes within the next decade
While the immediate revenue impact from this single contract may be modest, the strategic implications are substantial. Success in Pittsburgh could lead to similar contracts in other municipalities, particularly as cities face increasing pressure to comply with lead pipe replacement mandates. The scalability of this solution, combined with the pressing need across thousands of U.S. communities, presents significant growth potential for Crown's infrastructure technology division.
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 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 Pittsburgh Water’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."
Electrical resistance testing 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
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FAQ
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