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Crystal Lagoons' Man on Building Beach Life in Deserts (Audio) · Bloomberg Intelligence

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  Speaker 1: You wear the Steve Wynn is putting in a thirty
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  Speaker 1: eight acre man made lake behind two of his last
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  Speaker 1: Vegas hotels, a crystal lagoon. You ever stopped to wonder
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  Speaker 1: how he's doing it, Well, he's working with Crystal Lagoons
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  Speaker 1: in Miami based company that has an amazing technology to
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  Speaker 1: create artificial lagoons that are sustainable, They're efficient in their
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  Speaker 1: use of water and simply beautiful. Or a man is
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  Speaker 1: you and again recapping the stocks declined today, with the
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  Speaker 1: thousand ninety four. We do have twenty five minutes to
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  Speaker 1: You're listening to Taking Stock with Pim Fox and Kathleen
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  Speaker 1: Hayes on Bloomberg Radio. If you live on one of
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  Speaker 1: the coast west or East, you may be used to
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  Speaker 1: beautiful beaches and waves and sands. But what if you're
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  Speaker 1: in some landlocked part of the country. Wouldn't it be
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  Speaker 1: nice if you could just suddenly have a gorgeous, crystal
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  Speaker 1: clear blue lagoon just just planted right in the middle
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  Speaker 1: of your community. Well, that's we want to know about
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  Speaker 1: a company that is doing exactly that. It's growing rapidly,
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  Speaker 1: it's spreading around the country and around the world. It
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  Speaker 1: is Crystal Lagoons And joining us now is the CEO
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  Speaker 1: of Crystal Lagoons, U S. East. That's our man he's
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  Speaker 1: based in Miami and you can follow him on Twitter
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  Speaker 1: if you'd like to act ORIMN which is you are
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  Speaker 1: I m a N so Crystal lagoons? Tell us what
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  Speaker 1: these lagoons are, Kathleen. It's great to be on your show.
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  Speaker 1: You know, my entire company here in our office as
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  Speaker 1: we listen to Bloomberg Radio all the time. We're big fans,
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  Speaker 1: so thank you for having me. Yeah. Well, Crystal Lagoon's
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  Speaker 1: world water technology company. We enable developers and cities now
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  Speaker 1: counties to create public parks with crystal lagoons, but to
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  Speaker 1: build them and maintain them at a very low cost
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  Speaker 1: using our proprietary patented technology. So this is a completely
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  Speaker 1: different technology than pools. Um it's superior and we are
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  Speaker 1: able to allow developers to build these lagoons and maintain
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  Speaker 1: them at a very low cost. So what is the
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  Speaker 1: technology behind this? So, if you're familiar with conventional swimming pools,
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  Speaker 1: they require maintaining a very high permanent level of residual
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  Speaker 1: chlorine to make sure that there's disinfection, and that's really
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  Speaker 1: not possible on a large scale because you can imagine,
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  Speaker 1: our typical lagoons are five to ten acres, are larger,
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  Speaker 1: you would literally need dump trucks of chlorine. It would
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  Speaker 1: never be able to be stabilized. So crystal lagoon solution
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  Speaker 1: is we applied disinfection pulses within the lagoon, not requiring
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  Speaker 1: maintaining this high permanent disinfection level, but only using controlled
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  Speaker 1: pulses of very small quantities of oxidants applied according to
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  Speaker 1: a specific algorithm on very specific patterns, and the results
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  Speaker 1: of this are they we're able to use one times
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  Speaker 1: less chemicals than a pool does and sift times less
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  Speaker 1: energy energy um So, a typical lagoon has about four
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  Speaker 1: censers or injectors around the walls of the lagoon, and
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  Speaker 1: this allows us to use our proprietary technology to make
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  Speaker 1: sure the water is always clean and safe for swimming
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  Speaker 1: and for practicing water water sports and recreation. Tell us
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  Speaker 1: about one of the give us an example of a
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  Speaker 1: place that is now installing one of your crystal lagoons.
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  Speaker 1: I mentioned Steve wynn Out in Las Vegas. What is
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  Speaker 1: it like? I mean, you can just be in the
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  Speaker 1: middle of a desert practically and suddenly boom, create the lagoon.
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  Speaker 1: That's right. You know, we have thirteen signed contracts in
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  Speaker 1: the United States we started. We opened up our office
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  Speaker 1: a year and a half ago in Miami. That's where
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  Speaker 1: our u S headquarters is, and our our projects are
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  Speaker 1: a variety of different types of projects. You mentioned Steve
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  Speaker 1: Winn's project, he's building a thirty eight acre crystal lagoon
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  Speaker 1: behind the wind resort, and incidentally he's replacing the golf
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  Speaker 1: course with his crystal lagoon and saving over of his
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  Speaker 1: annual water use. The because our lagoons, in addition to
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  Speaker 1: have a having a proprietary technology to keep the water
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  Speaker 1: safe and clean for swimming, we also have evaporation controls,
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  Speaker 1: so we can lower evaporation by more than with our additives,
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  Speaker 1: which is very significant and in any case, just on average,
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  Speaker 1: a typical seven acre crystal lagoon will use thirty times
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  Speaker 1: less water on an annual basis than a typical eighteen
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  Speaker 1: whole golf course. And if you compare a crystal lagoon
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  Speaker 1: that's um ten acres in size to a normal park
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  Speaker 1: of ten acres in size, crystal lagoon will use less
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  Speaker 1: than of the water of a normal park with grass
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  Speaker 1: and landscaping, So are environmentally sustainable begetting to your point,
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  Speaker 1: the types of projects that we have, we have typically
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  Speaker 1: masterplan communities, you know, where you have several hundred homes
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  Speaker 1: or a thousand homes that have the crystal lagoon is
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  Speaker 1: the centerpiece, really improving the quality of life of the
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  Speaker 1: people who live in that community. We also have projects
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  Speaker 1: now that will be moving forward with cities and counties
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  Speaker 1: where a city can turn a park into a major
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  Speaker 1: revenue generator and improve the quality of life of the
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  Speaker 1: people living in that community, not just improve their life,
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  Speaker 1: but also improved property values, increased tourism, and in many
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  Speaker 1: cases they will be transforming these parks into what was
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  Speaker 1: before an expense into a real profit center. So that's
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  Speaker 1: very exciting. But our our amenities can be applied to
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  Speaker 1: master playing communities, rental apartments, hotel projects, hospitality, time share,
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  Speaker 1: a variety of different types of real stateies. So you
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  Speaker 1: are able to scale this business potentially in a very
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  Speaker 1: very big way and make a lot of money. Speaking
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  Speaker 1: of money, how much does it cost if I want
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  Speaker 1: to install a crystal little goodness and I've got a
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  Speaker 1: community I'm developing, or I'm the mayor of a city,
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  Speaker 1: how much does it cost? A great question. So typically
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  Speaker 1: a lagoon in the range of five to ten acres
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  Speaker 1: in size will cost in the range of two hundred
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  Speaker 1: fifty thousand per acre to build, and that includes a liner,
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  Speaker 1: includes building the walls, includes our machine room that pumps
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  Speaker 1: the telemetry system, so about two hundred fifty dollars an acre.
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  Speaker 1: And they're also very affordable to maintain. Usually the lagoons
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  Speaker 1: are in the range of two thousand per month per
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  Speaker 1: acre of water, and that that includes both your additives
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  Speaker 1: and your electricity. So our system is much more affordable
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  Speaker 1: um and makes it economically viable for a wide variety
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  Speaker 1: of different types of projects. Well, or a man, I'd
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  Speaker 1: love to see a Crystal lagoons sometime. Oh, I'd love
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  Speaker 1: to take you to see one. The first one will
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  Speaker 1: be open in the United States in Epperson Ranch in Tampa,
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  Speaker 1: Florida by the end of the year, and we have
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  Speaker 1: eleven more projects that should be open in the next
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  Speaker 1: two years in the US. It's very exciting. Well, I
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  Speaker 1: guess I'll have a chance to see them. Fascinating or
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  Speaker 1: a man, thank you so much. He's the CEO of
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  Speaker 1: Crystal Lagoons U S East based in Miami. Amazing new technology,
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  Speaker 1: beautiful artificial lagoons and you don't need to bunch, dump
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  Speaker 1: a bunch of chlorine, and that's great for swimmers. I'm
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  Speaker 1: Kathleen Hayes taking stock on Bloomberg Radio. The stock market
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