LOS ANGELES, CA / ACCESSWIRE / June 25, 2024 / Crown Electrokinetics Corp. (NASDAQ:CRKN) ("Crown" or the "Company"), a leading smart glass technology company and an expert in constructing fiber optic networks, today announced that its Crown Fiber Optics division has commenced work in Oregon. The new opportunity is made up of both fiber construction, and underground power infrastructure.
Through multiple prime contracts, Crown expects this market to generate as much as $8 million in revenue in 2024, with the potential to reach $15 million in 2025. These prime contracts will consist of directional drilling, excavation, micro trenching, and splicing.
Corey Boaz, President of Construction for Crown Fiber Optics stated. "As Crown gains operational momentum, our team continues to rise the occasion. The opportunities with these new customers create a pathway for diversification across the entire west coast, and I couldn't be prouder of our team."
About Crown Electrokinetics
Crown is comprised of two divisions, Fiber Optics and Electrokinetics Film. The Electrokinetics Film division is a smart glass technology and the creator of our Smart Window Insert based on its patented electrokinetic film. Crown's Fiber Optics division is a builder of underground fiber optic networks as well as other utility infrastructure projects.
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SOURCE: Crown Electrokinetics