Crown Expands Fiber Optics Services Footprint With Leading Regional Internet Provider in Oregon
Crown Electrokinetics (NASDAQ: CRKN) has secured multiple Fiber-to-the-Home (FTTH) purchase orders valued at approximately $8 million from a leading regional fiber-optic internet provider in Oregon. This expansion strengthens Crown's presence in the region and demonstrates its growing role in delivering fiber optics infrastructure solutions.
The company aims to capitalize on the increasing U.S. demand for high-capacity fiber optic networks, which are recognized as a cost-effective technology offering multiple revenue streams from single investments. Through its fiber optics design and construction services, Crown is positioning itself to drive connectivity across key U.S. regions.
Crown Electrokinetics (NASDAQ: CRKN) ha ottenuto diversi ordini di acquisto per Fiber-to-the-Home (FTTH) del valore di circa 8 milioni di dollari da un importante fornitore regionale di internet in fibra ottica in Oregon. Questa espansione rafforza la presenza di Crown nella regione e dimostra il suo ruolo crescente nella fornitura di soluzioni infrastrutturali in fibra ottica.
L'azienda punta a capitalizzare sulla crescente domanda di reti in fibra ottica ad alta capacità negli Stati Uniti, riconosciute come una tecnologia economica che offre molteplici flussi di entrate da un singolo investimento. Attraverso i suoi servizi di progettazione e costruzione in fibra ottica, Crown si sta posizionando per guidare la connettività nelle principali regioni statunitensi.
Crown Electrokinetics (NASDAQ: CRKN) ha asegurado múltiples órdenes de compra para Fiber-to-the-Home (FTTH) valoradas en aproximadamente 8 millones de dólares de un importante proveedor regional de internet por fibra óptica en Oregón. Esta expansión refuerza la presencia de Crown en la región y demuestra su creciente papel en la entrega de soluciones de infraestructura de fibra óptica.
La empresa tiene como objetivo capitalizar la creciente demanda en EE. UU. de redes de fibra óptica de alta capacidad, que son reconocidas como una tecnología rentable que ofrece múltiples fuentes de ingresos a partir de una sola inversión. A través de sus servicios de diseño y construcción de fibra óptica, Crown se está posicionando para impulsar la conectividad en las principales regiones de EE. UU.
Crown Electrokinetics (NASDAQ: CRKN)은 오리건의 주요 지역 광섬유 인터넷 제공업체로부터 약 800만 달러 상당의 여러 Fiber-to-the-Home (FTTH) 구매 주문을 확보했습니다. 이번 확장은 Crown의 지역 내 입지를 강화하며, 광섬유 인프라 솔루션 제공에서의 성장하는 역할을 보여줍니다.
회사는 단일 투자에서 여러 수익원을 제공하는 비용 효과적인 기술로 인식되는 고용량 광섬유 네트워크에 대한 미국 내 증가하는 수요를 활용하는 것을 목표로 하고 있습니다. Crown은 자사의 광섬유 설계 및 건설 서비스를 통해 주요 미국 지역의 연결성을 증진시키기 위해 포지셔닝하고 있습니다.
Crown Electrokinetics (NASDAQ: CRKN) a sécurisé plusieurs commandes d'achat de Fiber-to-the-Home (FTTH) d'une valeur d'environ 8 millions de dollars auprès d'un fournisseur régional de services Internet en fibre optique dans l'Oregon. Cette expansion renforce la présence de Crown dans la région et démontre son rôle croissant dans la fourniture de solutions d'infrastructure en fibre optique.
L'entreprise vise à tirer parti de la demande croissante aux États-Unis pour des réseaux en fibre optique à haute capacité, reconnus comme une technologie rentable offrant plusieurs sources de revenus à partir d'un seul investissement. Grâce à ses services de conception et de construction en fibre optique, Crown se positionne pour favoriser la connectivité dans les principales régions des États-Unis.
Crown Electrokinetics (NASDAQ: CRKN) hat mehrere Bestellungen für Fiber-to-the-Home (FTTH) im Wert von etwa 8 Millionen Dollar von einem führenden regionalen Anbieter von Glasfaser-Internet in Oregon gesichert. Diese Expansion stärkt die Präsenz von Crown in der Region und demonstriert seine wachsende Rolle bei der Bereitstellung von Lösungen für Glasfaserinfrastrukturen.
Das Unternehmen hat sich zum Ziel gesetzt, von der steigenden Nachfrage in den USA nach hochkapazitiven Glasfasernetzwerken zu profitieren, die als kosteneffiziente Technologie anerkannt sind und mehrere Einnahmequellen aus einer einzigen Investition bieten. Durch seine Dienstleistungen im Bereich Design und Bau von Glasfasern positioniert sich Crown, um die Konnektivität in wichtigen US-Regionen voranzutreiben.
- Secured new purchase orders worth approximately $8 million
- Expanding market presence in Oregon region
- Partnership with established regional internet provider
- None.
Insights
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The expansion in Oregon demonstrates Crown's ability to secure repeat business with established regional providers, suggesting strong execution capabilities and potential for sustainable revenue growth. The fiber optics sector presents a compelling growth opportunity, driven by increasing demand for high-speed internet infrastructure and federal funding initiatives for broadband development.
However, investors should note that execution risks remain, particularly regarding project delivery timelines and margin preservation in a competitive market. The company's ability to efficiently deploy resources and manage working capital will be important for successful project completion.
The FTTH (Fiber-to-the-Home) expansion project aligns with the broader industry trend toward fiber optic infrastructure replacement of legacy copper networks. Fiber optics offer superior bandwidth capacity, lower maintenance costs and better future-proofing compared to traditional cable infrastructure. The technology enables speeds up to 1 Gbps or higher, supporting emerging applications like 4K streaming, cloud gaming and smart home technologies.
Crown's focus on regional markets is strategically sound, as smaller markets often have less competition and higher potential for sustained growth. The company's ability to secure additional orders from an existing client suggests strong technical execution and service quality. This expansion strengthens Crown's position in the growing fiber infrastructure market, where demand continues to outpace supply in many regions.
LOS ANGELES, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Crown Electrokinetics Corp. (NASDAQ: CRKN) (“Crown” or the “Company”), a leading provider of innovative technology infrastructure solutions that benefit communities and the environment, today announced that its Fiber Optics division has been issued multiple Fiber-to-the-Home (FTTH) purchase orders with an approximate value of
“As a trusted services partner for fiber optics, we continue to deepen our relationship with a leading regional internet provider in Oregon through additional purchase orders,” said Doug Croxall, CEO and Chairman, Crown. “Partnering with established internet leaders allows us to focus on key territories, delivering scalable and efficient fiber optics solutions. By broadening our footprint in Oregon, we are helping to connect communities with cutting-edge fiber optic infrastructure.”
“The demand for high-capacity fiber optic networks in the U.S. continues to grow, as they are increasingly viewed as the most cost-effective technology, providing operators multiple revenue streams from a single investment. Crown is well-positioned to capitalize on this demand through its fiber optics design and construction services, driving connectivity and innovation across key regions in the U.S.,” concluded Mr. Croxall.
About Crown
Crown (Nasdaq: CRKN) is an innovative infrastructure solutions provider dedicated to benefiting communities and the environment. Comprised of three business divisions, Smart Windows, Fiber Optics, and Water Solutions, Crown is developing and delivering cutting edge solutions that are challenging the status quo and redefining industry standards. For more information, please visit www.crownek.com.
Forward Looking Statements
Certain statements in this news release may be “forward-looking statements” (within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995) regarding future events or Crown’s future financial performance that involve certain contingencies and uncertainties, including those discussed in Crown’s Annual Report on Form 10-K for the year ended December 31, 2023, and subsequent reports Crown files with the U.S. Securities and Exchange Commission from time to time, in the sections entitled “Management’s Discussion and Analysis of Financial Condition and Results of Operations”. 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. This press release does not constitute a public offer of any securities for sale. Any securities offered privately will not be 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.
For more information, please contact:
Investor Relations
info@crownek.com
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