
On Monday, Crown Electrokinetics Corp (NASDAQ:CRKN) announced that its Water Solutions division plans to construct and co-own a reverse osmosis (RO) water treatment plant in Cabo San Lucas, Mexico, to desalinate water collected from its proprietary design slant wells.
The company and 529 Capital, a real estate development firm in the Baja Peninsula, will co-build and co-own the new RO plant. Together, they will provide the region with a new, reliable supply of clean, safe drinking water.