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Crown Completes Construction of First-of-Its-Kind Slant Well in Mexico
Monday, 23rd December at 9:43 am
LOS ANGELES, Dec. 23, 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 has successfully completed construction of the first of two slant wells at the Twin Dolphin Club in Cabo San Lucas, Mexico.
The slant well is the first-of-its-kind, an innovative design to address water scarcity, providing a sustainable and reliable source of water for coastal areas facing critical water challenges. Measuring 140 ft in length, the slant well is designed to efficiently extract water from beneath the ocean floor while minimizing environmental impact through advanced engineering and innovative technology.
"We are extremely proud to complete construction of the first-of-its-kind slant well," said Corey Boaz, President of Construction. "During construction, the team overcame challenging ground conditions, storms, and limited work hours to minimize disturbances to the hotel's operations. Crown performed an electrical resistivity survey, where submarine cables were laid on the ocean floor to ensure the optimal path and precise placement of the screen sections. This project sets a new benchmark for sustainable water infrastructure, demonstrating how innovative solutions can effectively address the pressing challenges of water scarcity."
Monday, 23rd December at 9:43 am
LOS ANGELES, Dec. 23, 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 has successfully completed construction of the first of two slant wells at the Twin Dolphin Club in Cabo San Lucas, Mexico.
The slant well is the first-of-its-kind, an innovative design to address water scarcity, providing a sustainable and reliable source of water for coastal areas facing critical water challenges. Measuring 140 ft in length, the slant well is designed to efficiently extract water from beneath the ocean floor while minimizing environmental impact through advanced engineering and innovative technology.
"We are extremely proud to complete construction of the first-of-its-kind slant well," said Corey Boaz, President of Construction. "During construction, the team overcame challenging ground conditions, storms, and limited work hours to minimize disturbances to the hotel's operations. Crown performed an electrical resistivity survey, where submarine cables were laid on the ocean floor to ensure the optimal path and precise placement of the screen sections. This project sets a new benchmark for sustainable water infrastructure, demonstrating how innovative solutions can effectively address the pressing challenges of water scarcity."
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Golden_Peacock888 : Did you read the R/S compliance report ?
Jaguar8 OP Golden_Peacock888 : It has complied bid price since July 25
Jaguar8 OP Golden_Peacock888 : It has now have 1:900 ratio. Now it’s below 1 again so it can’t get another compliance period but automatic staff determination letter.If may do so but this shows it’s a struggling company with multiple factors including shorts and no assurance of not being delisted because no compliance period will be given . I’ll Stay away from it for swings
thanant : anyone git chance escape this death cat bounce
Jaguar8 OP thanant : I don’t play this stock. Will get delisted
thanant Jaguar8 OP : cool , i already mentioned it have nothing left for loose , just I here comments for new investors. I wanna protect them from this scam , this stock similar to muln