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]
Crown’s Element 82 Secures Two New Lead Pipe Inspection Projects in New York