Quenching Mexico’s Thirst: Crown’s Innovative Plan to Build and Co-Own a Reverse Osmosis Plant for Desalinating Water from Slant Wells

Description:

In Partnership With Mexico’s 529 Capital, A Leading Real Estate Development Firm From The Baja Peninsula Expected To Produce Up To An Estimated $40 Million In Recurring Annual Revenue

LOS ANGELES, Dec. 09, 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 Water Solutions division plans to construct and co-own a state-of-the-art reverse osmosis (RO) water treatment plant in Cabo San Lucas, Mexico for the desalination of water collected from its proprietary design slant wells. The new RO plant will be built and owned in partnership with locally based, 529 Capital, a leading real estate development firm in the Baja Peninsula.

With water scarcity becoming an increasingly pressing issue in many parts of the world, innovative solutions like desalination plants are crucial in providing clean and safe drinking water to communities. Mexico, with its growing population and tourism industry, has been facing challenges in meeting the water demands of its residents and visitors. The collaboration between Crown Electrokinetics Corp. and 529 Capital to build and co-own a state-of-the-art RO plant in Cabo San Lucas is a significant step towards addressing these challenges.

Effect on Me:

As a resident or visitor to Cabo San Lucas or the surrounding areas in Mexico, the construction of a new RO water treatment plant will have a direct impact on your access to clean and safe drinking water. The plant is expected to significantly increase the availability of potable water in the region, ensuring a more sustainable and reliable water supply for residents, businesses, and tourists alike.

Effect on the World:

The innovative partnership between Crown Electrokinetics Corp. and 529 Capital to build a desalination plant in Mexico sets a positive example for other regions facing water scarcity issues around the world. By utilizing advanced technology like reverse osmosis and slant wells, the project demonstrates a sustainable and environmentally friendly approach to water management. This collaboration could inspire similar initiatives in other countries, leading to increased access to clean water for communities globally.

Conclusion:

The construction and co-ownership of a state-of-the-art reverse osmosis water treatment plant in Cabo San Lucas, Mexico by Crown Electrokinetics Corp. and 529 Capital is a significant milestone in addressing water scarcity challenges in the region. Not only will this innovative project benefit the local community by providing clean and safe drinking water, but it also sets a positive example for sustainable water management practices worldwide. Collaborative efforts like this are essential in ensuring a more resilient and water-secure future for all.