Crown Electrokinetics Corp.

Los Angeles, California, Aug. 17, 2022 (GLOBE NEWSWIRE) — Crown Electrokinetics Corp. (NASDAQ: CRKN) (“Crown” or the “Company”), a leading smart glass technology company, has received two purchase orders for its Smart Window Inserts.

The Smart Window Inserts will be delivered after Crown’s first-generation production line comes into operation this fall. The Inserts will be deployed in two buildings located in the San Francisco Bay Area.

Doug Croxall, CEO of Crown, “These purchase orders for our Smart Window Inserts are a confirmation of years of hard work by the entire team at Crown. While this represents the first purchase order of our Smart Window Inserts, we know they will not be the last. Crown has the only retrofit insert with dimmable smart glass technology, providing existing building owners with a solution that can affordably, effectively, and rapidly reduce their energy consumption levels.”

As part of Crown’s commitment to its vision, the Company is actively working to become a key ESG (“Environmental, Social and Governance”) supplier to US-based office buildings, by helping them retrofit their legacy infrastructure and assets to be environmentally responsible and energy efficient. Crown’s Smart Window Insert can lower the HVAC energy costs for building owners and help lower the building’s carbon footprint.

The recently announced Inflation Reduction Act will expand the tax incentives for retro-fitted energy improvements and has also now made them available to the Company’s REIT customers – further enhancing Crowns already significant value proposition. Other legislation, such as New York City’s Local Law 97 which targets a 40% reduction in building energy use levels by 2030, is compelling REITs to rapidly upgrade their building envelopes.

About Crown Electrokinetics
Crown is a smart glass technology company and the creator of DynamicTint We Make Your Glass Smarter. Originally invented by Hewlett-Packard, our technology allows any glass surface to transition between clear and dark in seconds. At the core of our technology is a thin film that is powered by electrically charged pigment which not only replaces common window tints but is also a more sustainable alternative to traditional window treatments. With its unique ability to be retrofitted to existing glass, DynamicTint offers myriad benefits related to reducing carbon emissions. The company is supported by a robust patent portfolio.

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Safe Harbor Statement: Statements in this news release may be “forward-looking statements”. Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions, or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and Crown Electrokinetic Corporation undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.

This press release does not constitute a public offer of any securities for sale. Any securities offered privately will not be or have not been registered under the Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

Crown Electrokinetics

IR Email: info@crownek.com
Source: Crown Electrokinetics: www.crownek.com

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TAYLORSVILLE, Plumas County (CBS SF) – Firefighters fighting the massive Dixie Fire that is burning in five northern California counties will use drones to drop fireballs from the sky to prevent flames from reaching the Taylorsville community.

On Monday, Jeff Surber, chief of operations for the East Zone, said Taylorville, which has seen flames approaching from three sides for the past few weeks, is currently threatened by a point fire from the Genesee Valley that has “slid” over a ridge and into sheer steep slopes , largely inaccessible avalanche terrain for crews and too dangerous to misfire.

CONTINUE READING: Caldor Fire Update: Neighborhood Fire Fight in Meyers; Flames advancing toward South Lake Tahoe

“Instead of doing that, we built a bulldozer here over Taylorsville, expecting that over time [the wildfire] will move and it will align itself to a point where we are ready to burn [along the dozer line] to protect the Taylorsville community, ”said Surber.

Dixie Fire is slowly withdrawing near Taylorsville on August 28, 2021. (US Forest Service)

Surber said firefighters expect they will be able to deploy drones that can drop a line of fire over a path to create a firebreak.

“It’s a drone that drops so-called ‘ping pong balls,’ which are very small incendiary devices,” he said. “We plan to burn this at night in the coming days when we have access to this equipment, and when the time is right and the wind is right, we plan to burn this in a controlled manner to tie it down and protect Taylorsville . “

Until then, Surber says crews will continue to use helicopters to dump water along the fire site southwest of Taylorsville to keep the flames at bay.

“It wasn’t moving at the end of the shift last night,” said Surber. “It won’t go away. We assume that it will continue to be a problem area for us, but it is currently being kept in check. “

Other point fires have crossed the fire lines along Grizzly Ridge south, and the crews have bulldozed new emergency lines before additional point fires could arise that could threaten communities along Highway 70 such as Greenhorn, Sloat, and Cromberg. Additional emergency lines were built north of Lake Davis to protect homes.

In Butte County, the sheriff’s office on Monday was able to end the county evacuation warnings for the Jonesville, Butte Meadow, Lower Butte Meadows, Snag Lake and Lake Philbrook areas, among others.

CONTINUE READING: Massive Dixie Fire Exceeds 800,000 Acres; New evacuations ordered; Fire brigade train helping crews

Dixie Fire evacuation update
8.30-21 12:00 p.m.

The Butte County Sheriff’s Office REMOVED all remaining EVACUATION WARNINGS in Butte County to include Jonesville, Butte Meadow, Lower Butte Meadows, Snag Lake, and Lake Philbrook. #ButteSheriff #DixieFire pic.twitter.com/byAPhoZmD9

– Butte County Sheriff (@ButteSheriff) August 30, 2021

By Monday morning, the Dixie Fire had burned 771,183 acres, more than 1,200 square miles in Butte, Lassen, Plumas, Shasta, and Tehama counties. It is the second largest forest fire in California history.

More than 1,200 buildings, including nearly 700 residential homes, have been destroyed since the fire started on July 14 over the Cresta Dam in the Feather River Canyon area of ​​the Sierra-Cascades region. It is currently 48% included.

As with the Caldor fire further south, firefighters were closely monitoring the wildfire on Monday as a red flag warning is due to take effect. Gusts of wind and low relative humidity are expected for most of Tuesday night.

MORE NEWS: UPDATE: Santa Clara County’s supervisors unanimously support the “No Trust” vote for Sheriff Laurie Smith

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