Crown’s Fiber Optics Division Adds Third Customer Expanding US Presence
March 27 2023 - 09:15AM
GlobeNewswire Inc.
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 entered into an agreement
with a leading infrastructure solutions provider.
Crown Fiber Optics new customer is a leading provider of
engineering, construction, program and project management to the
telecommunications and utility industries.
Doug Croxall, Crown Electrokinetics CEO and Chairman stated, “We
are excited to announce the acquisition of our third customer, the
second in as many months. We estimate that this multi-phased
project may generate up to $30 million of revenue for Crown. We are
continuing to expand not only within our existing customers’
footprint, but also by adding more customers in the near
future.”
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.
Safe Harbor Statement:
Statements in this news release may be "forward-looking
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,
estimates and projections about our business based, in part, on
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.
This press release does not constitute a public offer of any
securities for sale. Any securities offered privately will not be
or have not been registered under the Act and may not be offered or
sold in the United States absent registration or an applicable
exemption from registration requirements.
Crown Electrokinetics
IR Email: info@crownek.com
Source: Crown
Electrokinetics: www.crownek.com
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