Core Insights - Crown Electrokinetics Corp. has completed the construction of the first slant well at the Twin Dolphin Club in Cabo San Lucas, Mexico, marking a significant milestone for the company [1][2] - The Water Solutions division aims to address global water scarcity through innovative and scalable technologies, with plans to replicate this project in other water-scarce regions [2][8] - The slant well, measuring 140 ft in length, is designed to extract water from beneath the ocean floor while minimizing environmental impact, showcasing advanced engineering [5][8] Company Overview - Crown Electrokinetics Corp. operates in three business divisions: Smart Windows, Fiber Optics, and Water Solutions, focusing on innovative infrastructure solutions that benefit communities and the environment [9] - The proprietary design of the slant well has attracted significant interest in the Los Cabos region due to its ability to provide a sustainable and reliable water source [8]

Core Insights - Crown Electrokinetics Corp. has completed the construction of the first slant well at the Twin Dolphin Club in Cabo San Lucas, Mexico, marking a significant milestone in addressing water scarcity [1] - The slant well, measuring 140 ft in length, is designed to extract water from beneath the ocean floor while minimizing environmental impact, showcasing innovative engineering and technology [1] - The project has generated significant interest in the Los Cabos region due to its potential to provide a sustainable and reliable water source, with implications for similar coastal areas facing water challenges [1] Company Overview - Crown Electrokinetics Corp. operates in three business divisions: Smart Windows, Fiber Optics, and Water Solutions, focusing on innovative infrastructure solutions that benefit communities and the environment [1] - The company aims to replicate the success of the slant well project in Mexico and other water-scarce countries, emphasizing its commitment to addressing global water scarcity through scalable technologies [1]

LOS ANGELES, Dec. 17, 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 announced that its Element 82 division has secured two new lead pipe inspection projects in New York. With completed and active projects in the state of New York, Element 82 is expanding its lead inspection footprint into the city of Little Falls and town of Warwick. "Secur ...

Company Overview - Crown Electrokinetics Corp (NASDAQ: CRKN) is an innovative infrastructure solutions provider focused on benefiting communities and the environment [4] - The company operates through three business divisions: Smart Windows, Fiber Optics, and Water Solutions [4] - Crown is developing cutting-edge solutions that challenge industry standards and redefine infrastructure [4] Element 82 Division - Element 82, a division of Crown, specializes in lead pipe inspection services [1] - The division has secured two new lead pipe inspection projects in New York, expanding its footprint to Little Falls and Warwick [1] - Element 82 utilizes advanced detection technology, specifically the Electro Scan's Swordfish device, for non-destructive and non-invasive lead identification [2] - The division currently has 12 crews operational and tested approximately 2,500 homes in Q4 2024 alone [3] Market Opportunity - There are an estimated 9.2 million lead pipes still in use across the United States [2] - Element 82 is positioned to support the EPA's Lead and Copper Rule Improvements (LCRI) initiative [2] - Demand for reliable lead identification solutions is increasing, positioning Element 82 for continued growth in 2025 [3] Strategic Partnerships - Element 82 maintains a strong partnership with the state of New York to address critical water infrastructure challenges [2] - The division is committed to ensuring safer drinking water for residents through its lead identification services [2]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR o TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number: 333-232426 Crown Electrokinetics Corp. (Exact name of registrant as specified in its charter) Delaware 47-5423944 (State o ...

Crown Electrokinetics Corporation (NASDAQ:CRKN) Q3 2024 Earnings Conference Call November 14, 2024 11:00 AM ET Company Participants Jason Assad - Director, Corporate Communications Douglas Croxall - Chairman & CEO Joel Krutz - COO, CFO & Director Conference Call Participants Operator Good day, everyone, and welcome to Crown's Third Quarter 2024 Conference Call. At this time, participants are in a listen-only mode. A question-and-answer session will follow management's remarks. This conference call is being ...

Financial Data and Key Metrics - Revenue for Q2 2024 was $4.6 million, a six-fold increase compared to Q1 2024 [21] - Revenue for the six months ended June 30, 2024, was $5.3 million, compared to $0.1 million for the same period in 2023 [21] - Operating losses for Q2 2024 were $4.9 million, in line with Q2 2023 [23] - Net losses for Q2 2024 were $5 million, compared to $4.5 million in Q1 2023 [23] - Net cash increased by $2.9 million to $4 million for the six months ended June 30, 2024 [23] Business Line Data and Key Metrics ElectroKinetics Film Division - The film division achieved a technical milestone by solving the 12-inch mastering challenge for its Gen 1 Alpha smart window insert product [5] - Limited quantities of the Gen 1 Alpha product are expected to ship by the end of 2024 [5][7] - The division is working on converting the technical breakthrough into manufacturing capability, with production expected to begin in the coming months [8] Fiber Optics Division - The fiber optics division generated $4 million in revenue for Q2 2024, compared to $23,000 in Q2 2023 [21] - The division has projects in Idaho, Nevada, Oregon, and Mexico, with a significant pipeline of revenue-generating projects [14][15] - A large backbone project in Nevada is expected to generate $5.7 million in revenue, with additional stages awarded in July 2024 [15] - The Twin Dolphin Club project in Mexico is expected to generate $3.5 million in revenue and conclude in early fall 2024 [17] New Divisions: Element 82 and PE Pipelines - Element 82 focuses on lead pipe inspection, while PE Pipelines focuses on lead pipe remediation [18] - The U.S. EPA estimates there are 9.2 million lead pipes carrying drinking water, with potential numbers as high as 12.8 million [18] - Element 82 has commenced projects in New York, Virginia, and Florida, with announcements expected regarding purchase orders and revenue targets [20] Market Data and Key Metrics - The fiber optics division is leveraging a new operating model that includes a limited number of employees and third-party subcontractors, allowing for cost control and margin locking [14] - The division's new approach to plant well construction is expected to lead to new revenue opportunities in Mexico, Central America, and the Caribbean [17] Company Strategy and Industry Competition - The company has expanded its scope of services to include lead pipe inspection and remediation, complementing its existing divisions [4] - The company has attracted top talent across all divisions to drive growth and profitability [5] - The fiber optics division has shifted to a more efficient operating model, focusing on cash flow positivity from Day 1 of projects [14] - The company is leveraging its technical expertise and customer relationships to gain a competitive advantage in the lead pipe inspection and remediation market [20] Management Commentary on Operating Environment and Future Outlook - The company is optimistic about the Gen 1 Alpha launch in Q4 2024 and expects strong growth in utility construction [12][24] - Management believes 2025 will be a watershed year for revenue and EBITDA generation [24] - The company projects Q3 2024 revenues to be in line with previous guidance of $8 million [23] Other Important Information - The company has achieved NASDAQ compliance as of July 25, 2024 [20] - R&D expenses increased by $0.6 million in Q2 2024, primarily due to the addition of new film leadership [22] - G&A expenses decreased by $0.1 million in Q2 2024, driven by a reduction in professional fees [22] Q&A Session - No Q&A session was held during the call [25]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR o TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number: 333-232426 Crown Electrokinetics Corp. (Exact name of registrant as specified in its charter) Delaware 47-5423944 | --- | --- | ...

LOS ANGELES, Aug. 01, 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, today announced that it will hold its second quarter 2024 conference call on August 14, 2024 The Company will host a conference call and audio webcast at 12:00 PM Eastern time featuring remarks by Crown's management team. Conference Call Information To participate in this event, please log-on or dial-in ...

LOS ANGELES, July 26, 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, today announced that it has received a notification letter (the "Compliance Notice") from the Listing Qualifications Department of the Nasdaq Stock Market Inc. ("Nasdaq") dated July 25, 2024, informing the Company that it has regained compliance with the Nasdaq Listing Rule 5550(a)(2). Safe Harbor Sta ...