Crown Electrokinetics Enters into Agreement to Build Fiber Optics Network in the Northwest United States
06 Marzo 2023 - 3:15PM
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 entered into an agreement
with a subsidiary of one of the largest telecommunication
infrastructure companies in the United States.
The agreement expands Crown’s customer base and geographic
coverage with operations now in Washington, and soon to expand to
Oregon and California.
Doug Croxall, Crown Electrokinetics CEO and Chairman stated,
“Our fiber optics division is focused on growing its customer base
and with this agreement we have added our second customer.
Expanding our customer base importantly increases our revenue
opportunities, alleviates customer concentration risk, and makes
growth more predictable. We are actively involved in multiple
conversations with other prospective customers within the United
States and look forward to sharing more customer wins in the near
future.”
In early January, Crown announced that it had entered into an
asset purchase agreement with Amerigen 7, an emerging leader in the
fields of distributed antenna systems and construction of fiber
optic networks. Crown did this for two primary reasons; to market
and sell distributed antennas systems to its targeted customer base
(US office building owners) and to generate revenue and cash flow
from the construction of the fiber optic network for Charter
Communications. The business has been rebranded and renamed as
Crown Fiber Optics.
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
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conditions. These statements are based on current expectations,
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outcomes and results may, and are likely to, differ materially from
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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
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Crown Electrokinetics
IR Email: info@crownek.com
Source: Crown
Electrokinetics: www.crownek.com
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