Crown Fiber Optics Secures New $50 Million Contract
June 06 2023 - 9:15AM
Crown Electrokinetics Corp. (
NASDAQ:
CRKN) ("Crown" or the "Company"), a leading smart glass
technology company and an expert in both designing and installing
distributed antenna systems (DAS) and constructing fiber optic
networks, today announced that it has executed an agreement with
its fifth customer for a two year, $50 Million agreement with a
leading infrastructure solutions provider.
Doug Croxall, Crown Electrokinetics CEO and Chairman, stated,
“Today’s announcement demonstrates the continued success and
interest in our Fiber Optics division and its ability to sign
meaningful and revenue-producing contracts. The $50 million
two-year agreement covers a project based in Colorado.”
“The pace of customer agreements with multiple leading
infrastructure solution providers continues to exceed our
expectations. I’m proud of our team who has been quick to
capitalize on numerous sizeable opportunities like today’s
announcement.”
About Crown Electrokinetics
Crown is a smart glass technology company and the creator of our
Smart Window Insert and an expert in both designing and installing
distributed antenna systems (DAS) and constructing fiber optic
networks.
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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,
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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.
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Crown Electrokinetics
IR Email: info@crownek.com
Source: Crown
Electrokinetics: www.crownek.com
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