Crown Completes Slant Wells Construction at Twin Dolphin Club in Mexico

Crown Electrokinetics Corp. (NASDAQ: CRKN), a leading provider of innovative technology infrastructure solutions, has successfully completed the construction of slant wells at the Twin Dolphin Club in Cabo San Lucas, Mexico. This marks a significant milestone for the company's Water Solutions division, demonstrating its ability to execute complex infrastructure projects in challenging geological conditions.

The completion of the second slant well at the Twin Dolphin Club finalizes the first slant well project for Crown. The first well was completed in December 2024, and now, with the second well finalized, Crown has successfully delivered a first-of-its-kind sustainable water infrastructure solution. Utilizing proprietary trenchless technology, these slant wells provide an environmentally responsible and highly efficient method for sourcing water, significantly reducing ecological disruption compared to traditional direct seawater intakes.

The slant wells will be integrated into an existing reverse osmosis (RO) plant and are expected to be fully operational in the coming months, pending regulatory approvals. The project utilizes advanced engineering and innovative technology to efficiently extract water from beneath the ocean floor while minimizing environmental impact. This approach offers superior environmental benefits by minimizing coastal disruption while maintaining high water extraction efficiency, making it a critical differentiator in environmentally sensitive resort areas.

The successful completion of the Twin Dolphin slant wells project positions Crown to capture a significant share of Mexico's coastal desalination market, estimated at over $500 million annually. The project's strategic importance extends beyond immediate revenue potential, as it serves as a vital reference installation, validating the technical viability of sustainable water sourcing solutions in challenging coastal environments. This achievement aligns with the growing global emphasis on ESG-focused infrastructure development and positions Crown favorably in the expanding market for sustainable water solutions.

The strong interest from potential customers in the Los Cabos region suggests market recognition of the technology's environmental advantages. However, maintaining environmental performance standards during rapid scaling will be important for long-term success and regulatory compliance. Crown is actively conducting survey work for additional slant well installations in 2025, indicating strong market validation and suggesting potential for rapid scaling.

In conclusion, the completion of the slant wells project at Twin Dolphin Club represents a significant breakthrough in environmentally responsible water infrastructure. The technology addresses several critical environmental challenges, including the impact of traditional direct seawater intakes on marine ecosystems, the disruption of coastal habitats during construction, and the optimization of resource utilization. The successful implementation of this project validates the technical viability of sustainable water sourcing solutions in challenging coastal environments and positions Crown favorably in the expanding market for sustainable water solutions.