With a U.S. Goal of Reducing Carbon Emissions by 52%,(1) More Than 5.6 Million Commercial Buildings Need To Be Far More Energy Efficient(2)
That Could Open a Potential $15 Billion “Window of Opportunity” for Smart Window Tech Company, Crown Electrokinetics (NASDAQ:CRKN)(9)
The world is spending billions to cut emissions.
Consider these statistics.
The U.S. just pledged to cut greenhouse gas emissions by nearly half over the next 10 years.(1)
Europe wants to cut CO2 emissions by up to 55% by 2030.(3) China says it’ll stop releasing CO2 in the next 40 years.(4) Countries worldwide are investing in electric vehicles, hydrogen power, wind energy, you name it to cut emissions.
However, one of the best ways to reduce it is by simply investing in windows.
For example, look at commercial buildings in the U.S. At the moment, they’re generating approximately 826 million metric tons of CO2 emissions, which could be cut with windows.(5)
According to Building Enclosure:
Plus, according to Science Daily:
That’s what makes a company like Crown Electrokinetics (NASDAQ:CRKN) so attractive. The disruptive company developed and is in the process of commercializing a pigment-based thin-film technology called DynamicTint that could revolutionize our buildings for years to come.
Crown Electrokinetics (NASDAQ:CRKN) Looks Technically and Fundamentally Attractive
Over the last couple of months, the CRKN stock pulled back with the broader green energy sector. However, after finding support at about $3.15, the stock has recovered to about $4.03 so far.
From here, it could have the potential to rally to higher highs with billions being spent on improved energy efficiency. CRKN could also get caught up in the effort to upgrade and retrofit buildings, homes, cars, you name it with its pigment-based thin film technology.
In addition, according to Crown Chairman & CEO, Doug Croxall:
It also improved its balance sheet over the last quarter by closing a $21.5 million gross capital raise on January 28, 2021. The underwritten public offering was of 4,150,000 shares of its common stock roughly $4.50 per share. Crown Electrokinetics received net proceeds of about $19.3 million which it plans to use for general corporate matters, including continued technology development, and manufacturing infrastructure.(8)
Just Who is This Revolutionary Company, Crown Electrokinetics (NASDAQ:CRKN)?
After nearly two decades of commercializing intellectual property- and working with over 20,000 patents, Doug Croxall came across a technology that had been earmarked to be divested by Hewlett-Packard. This presented an unrivaled business opportunity.(11)
He not only acquired the technology but left his job as the chairman and CEO of a publicly-traded company to lead the newly-formed venture, Crown Electrokinetics.
The technology was initially designed to control the light passing through plastic, like that used in Amazon’s Kindle. However, the Crown team saw a much bigger opportunity in the emerging smart glass industry. Crown’s pigment-based film, called DynamicTint allows a glass surface to transition between clear and dark in seconds.
It could even change the color of the glass.
Most significantly, it could be retrofit to existing glass, unlike the vast majority of competing offerings that require glass to be replaced entirely.
A Smart Solution for All Glass
With its affordable smart glass solution applicable across transportation, residential housing, and commercial building markets, Crown has partnered with Asahi Glass Company and garnered a strategic investment from Hudson Pacific Properties, one of the largest office building owners in the western U.S.(11)
From your car to your house to your office, Crown’s DynamicTint allows you to easily control a room’s lighting at the touch of a button.(11)
This can not only replace cumbersome window treatments but studies also show that natural lighting can enhance your mood and productivity. In addition, Crown’s technology helps the planet by making buildings more sustainable.
This is achieved by its ability to lower a building owner’s energy consumption by controlling the amount of light, and therefore heat, that enters a room. This results in a reduced need for HVAC and lighting during the day.
Even Billionaire Bill Gates is “Intrigued” by Smart Glass Windows
In his book, How to Avoid a Climate Disaster: The Solutions We Have and the Breakthroughs We Need, Bill Gates cites numerous technologies that can help the world avoid catastrophe by reaching zero carbon emissions by 2050. On smart glass windows, he notes:(10)
So, why is smart glass a compelling solution to combating climate change?
There are three key reasons for that.(10)
- One, since the tint on smart glass is dynamic, it could block or store heat based on necessity. In Gates’ words, it “turns darker when the room needs to be cooler and lighter when it needs to be warmer.” This can reduce your heating and cooling costs, while minimizing the electricity needed to maintain a comfortable temperature.
- Two, Smart glass could eliminate the need for window blinds, which are carbon culprits since they are primarily composed of plastic and metal. Gates’ book highlights how these materials require a lot of carbon to produce. We can improve upon their fundamental utility by providing a new way to control the light entering a room.
- Three, in certain product formats, like a window insert, smart glass can also convert single pane windows into double pane, which helps improve insulation and also noise cancellation. Better insulation can reduce the need for electricity to heat and cool a building; however, existing solutions, like double pane glass, can be expensive.
Suppose only a fraction of the 5.6 billion U.S. commercial buildings are upgraded. In that case, it could create an incredible “window of opportunity” for Crown Electrokinetics (NASDAQ:CRKN).
Plus, consider this.
A Window of Opportunity with Strong Leadership – Crown Electrokinetics (NASDAQ:CRKN)
When evaluating any company, it’s always essential that you examine the quality of their management.
CEO and Chairman
Prior to co-founding Crown Electrokinetics, Mr. Croxall was Chairman and CEO of Marathon Patent Group (NASDAQ: MARA) from November 2012 until December 2017. With his departure from Marathon, Mr. Croxall assumed control of all assets for what has become Crown Electrokinetics. Previously, he was Chairman and CEO of Firepond. Mr. Croxall holds a BA degree from Purdue University and an MBA from Pepperdine University.
President and Chief Operating Officer
Mr. Kovalik currently serves on Crown’s Board of Directors having joined in December 2020. He has an extensive leadership background in the energy industry. Prior to Crown, he was the CEO of Unity National Financial Services, a minority owned boutique investment bank and co-Founder of Prairie Partners, a renewable energy investor in utility-scale solar and wind projects. He was also the Co-Founder and CEO of KLR group, a merchant bank focused on the energy sector. Eddie also held roles as CEO of Seawolf Water and President of KLR energy group, both portfolio companies of KLR. Prior to KLR, Eddie served as the Head of Capital Markets at Rodman & Renshaw, the highest ranked PIPEs practice in the US. He has served on multiple private and public boards of directors and is a member of NACD, the National Association of Corporate Directors.
Co-President and Chief Marketing Officer
Mr. Sato is the founder of Kaizen Reserve, Inc., a venture capital advisory firm for corporations and family offices, helping align their existing assets with synergistic startups. He is also an investment fund advisor and former entrepreneur-in-residence to Hatch, a global startup accelerator focused on helping feed the world through sustainable aquaculture technologies. Previously, he was the Chief Innovation Officer of Rubicon Resources. Prior to that, he spent several years as a co-founder and board member of FieldLevel. Kai is an independent board member of SportTechie, advises a range of startups, and serves as a mentor to various accelerators, including Techstars.
Co-Founder & Chief Technology Officer
Prior to co-founding Crown Electrokinetics, he was in charge of the R&D team at HP that invented electrokinetic (EK) technology. He has over 30 years of engineering and management experience in both technology development and product manufacturing. He holds a BS from Cornell University and a MS from Stanford University, both in Material Science & Engineering. He has also completed an Executive Development Program from the Cornell University Johnson Graduate School of Management.
Chief Financial Officer
Mr. Anderson brings over 20 years of experience that spans managing IPOs, audits, M&A diligence and negation and SEC reporting. He has been the CFO of many companies including Edison Nation Inc. and Electronic Cigarettes International Group Ltd. Most recently, Mr. Anderson served as a consultant for Kubient Inc. where he helped guide them through their initial public offering process. Prior to his career as a CFO, Mr. Anderson was a partner at two small-cap oriented hedge funds for 17 years. Mr. Anderson holds an MBA from Hofstra University and a BS from Ithaca College.
Source 2: https://d1io3yog0oux5.cloudfront.net/_bed4e8598cf7b7f34fc868a25ae4d29b/crownek/db/1086/9676/pdf/CrownEK+Presentation_March+2021.pdf
Source 3: https://www.bbc.com/news/world-europe-56828383
Source 4: https://www.scientificamerican.com/article/china-says-it-will-stop-releasing-co2-within-40-years/
Source 5: http://css.umich.edu/factsheets/commercial-buildings-factsheet
Source 6: https://www.buildingenclosureonline.com/articles/88999-study-energy-efficient-windows-help-reduce-carbon-emissions?
Source 7: https://www.sciencedaily.com/releases/2019/08/190815113733.htm
Source 8: https://ir.crownek.com/news-events/press-releases/detail/5/crown-electrokinetics-reports-fiscal-2021-third-quarter
Source 9: https://www.globenewswire.com/en/news-release/2020/06/23/2052101/0/en/Smart-Glass-Market-to-Touch-USD-15-02-Billion-by-2026-Rising-Demand-for-Switchable-Glass-in-Commercial-Structures-to-Boost-the-Market-Fortune-Business-Insights.html
Source 10: https://www.crownek.com/blog/bill-gates-is-intrigued-by-smart-glass
Source 11: https://www.crownek.com/about
Source 12: https://www.crownek.com/sustainabilitySource 13: https://stockcharts.com/h-sc/ui
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