Crown Fiber Optics Secures New $85 Million Project

Crown’s Sixth Customer This Year for Project in Idaho

LOS ANGELES, June 13, 2023 (GLOBE NEWSWIRE) -- 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 been awarded a project for $85 million with a leading infrastructure solutions provider.

Doug Croxall, Crown Electrokinetics CEO and Chairman stated, “Today’s announcement continues to build on recent momentum, demonstrating the success and interest in our Fiber Optics division and its ability to sign meaningful and revenue-producing projects. The $85 million agreement covers a project based in Idaho.

“This project marks our sixth in just a few months, executed on the heels of our recent $50 million dollar purchase order last week. Our ability to capitalize on our growing pipeline in a relatively short timeframe should set Crown up for long-term success in this market.”

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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Crown Electrokinetics

IR Email: info@crownek.com

Source: Crown Electrokinetics: www.crownek.com