Crown Fiber Optics Secures New $50 Million Contract
$50 Million Purchase Order with Fifth Customer
LOS ANGELES, June 06, 2023 (GLOBE NEWSWIRE) -- (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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