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Lead and Copper Rule Improvement (LCRI) Legislation Excluded From U.S. Environmental Protection Agency's (EPA) Regulatory Freeze
Element 82 and PE Pipelines Well-Positioned for Continued Strong Demand
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LOS ANGELES, Nov. 20, 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 highlighted the potential impact of the incoming Trump administration on its lead pipe detection and remediation businesses, Element 82 and PE Pipelines.
While many new EPA programs may face a regulatory freeze on January 20, 2025, the finalized LCRI legislation, effective December 30, 2024, will remain intact. This stability ensures continued progress in identifying and replacing lead service lines nationwide.
Further, the Trump administration is expected to prioritize critical water infrastructure challenges, including drinking water safety and lead pipe remediation. It was the 2016 Trump administration that revitalized the 1991 Lead and Copper Rule (LCR) laying the groundwork for the Lead and Copper Rule Revisions (LCRR) that were finalized in 2021.
Posted In: CRKN
