Crown’s Fiber Optics Secures Fourth Contract for Fiber Optics Division
17 5월 2023 - 10:15PM
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 a three year Master
Services Agreement covering the Northwest with its now fourth
customer, a leading multi-billion dollar infrastructure services
provider.
Doug Croxall, Crown Electrokinetics CEO and Chairman stated, “As
I stated on Monday’s earnings call, this new contract, which is
Crown’s fourth contract, is a milestone event. The three-year
agreement with a leading and well-regarded internet service
provider is expected to provide a core, multi-year project that
should allow for Crown to expand into other geographic areas within
the Northwest region.
“The pace of customer agreements continues to exceed our
expectations. I’m proud of our team who has been quick to
capitalize on numerous sizeable opportunities like todays.
“Crown’s fiber optics division will continue to focus on
expanding our customer base resulting in increased revenue
opportunities, diversifying our customer concentration, and making
growth more predictable. We look forward to updating revenue
guidance on this project just as soon as initiated, and we remain
in discussions with other prospective customers within the United
States. We anticipate sharing more customer wins 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.
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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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