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Crown ElectroKinetics Corp is a provider of DynamicTint. The company's technology allows any glass surface to transition between clear and dark in seconds. DynamicTint allows windows to transition from transparent to black. With applications to a wide array of windows, including commercial buildings, automotive sunroofs, and residential skylights, Crown partners with glass and film manufacturers for mass production and distribution. Its technology is a thin film that is powered by an electrically-charged pigment which not only replaces common window tints but is also a more sustainable alternative to traditional window treatments. It is supported by a robust patent portfolio.
Crown Electrokinetics Corp. (CRKN) reported its fiscal Q2 2022 results, ending September 30, 2021, with a net loss of $5.7 million, slightly down from $5.8 million in Q2 2021. Key developments included acquiring 10 patents from IBM, signing a commercial agreement with MetroSpaces for a Houston office installation, and hiring Mindy Hamlin as VP of Engineering. Operating expenses rose to $5.7 million, primarily due to stock-based compensation. As of September 30, Crown held $9.7 million in cash.
Crown Electrokinetics Corp. (NASDAQ: CRKN) will announce its fiscal 2022 second quarter financial results on November 12, 2021, before market opening. A conference call will follow at 11:00 a.m. ET, featuring leadership remarks from Doug Croxall and Joel Krutz. The call can be accessed via toll-free numbers and will be available for replay until November 26, 2021. Crown specializes in smart glass technology, including its patented DynamicTint product, which enhances glass functionality and promotes sustainability.
Crown Electrokinetics Corp. (NASDAQ: CRKN) has announced the acquisition of 10 patents from IBM, enhancing its smart glass technology portfolio to a total of 34 patents and applications. The patents, covering the US, China, Great Britain, Germany, and Japan, focus on technologies such as variable opacity glass and glare-reducing windows for vehicles. Utilizing the IPwe platform, Crown aims to strategically leverage external innovations while improving its core patent quality, reinforcing its position in the growing smart glass market.
Crown Electrokinetics Corp. (NASDAQ: CRKN) announced that CEO Doug Croxall will participate in three upcoming conferences in October 2021. The events include:
- Benzinga Rising Stars Conference: October 7, 2021, at 12:45 p.m. ET (Virtual).
- LD Micro Main Event XIV: October 13, 2021, at 2:30 p.m. PT in Los Angeles.
- Dawson James Securities Conference: October 21, 2021, at 2:00 p.m. ET in Jupiter, FL.
Crown specializes in smart glass technology, enhancing glass surfaces with their DynamicTint product.
Crown Electrokinetics Corp. (NASDAQ:CRKN) has announced its first commercial agreement with MetroSpaces Inc. (OTC PINK:MSPC) for the installation of its Smart Window Inserts, powered by DynamicTint, in a 70,000 square-foot office building in Houston, Texas. This installation aims to significantly improve energy efficiency, potentially reducing energy costs by approximately 26%. The deployment is set to begin in Q1 2022, signaling Crown's commitment to sustainable technology in commercial real estate.
Crown Electrokinetics Corp. (CRKN) announced a significant milestone by signing its first commercial agreement with MetroSpaces Inc. (MSPC), a proptech company, to install Smart Window Inserts in a 70,000 sq. ft. office building in Houston, Texas. This innovative technology enhances energy efficiency by retrofitting existing windows, potentially reducing energy costs by approximately 26%. Installation is expected to begin in Q1 2022. The partnership signifies a strategic move towards sustainable building solutions and could lead to future contracts with larger clients.
Crown Electrokinetics Corp. (NASDAQ: CRKN) will participate in A.G.P.'s Virtual Energy Conference on September 21, 2021. CEO Doug Croxall will represent the company, which specializes in smart glass technology and patented thin-film solutions. Their flagship product, DynamicTint, allows glass surfaces to change from clear to dark instantly, providing energy efficiency and sustainability advantages. Further inquiries about the conference can be directed to A.G.P. or KCSA Strategic Communications.
Crown Electrokinetics Corp. (NASDAQ: CRKN) has appointed Mindy Hamlin as Vice President of Engineering. With over 30 years of experience, including leadership roles in R&D and product development at HP, Hamlin aims to enhance Crown's engineering capabilities and support the commercialization of its DynamicTint™ technology. This innovation is designed to assist commercial buildings in reducing energy costs and carbon emissions. The company holds a strong patent portfolio and focuses on sustainable glass technology.
Crown Electrokinetics Corp. (NASDAQ: CRKN), a leader in smart glass technology, announced CEO Doug Croxall's participation in two upcoming virtual conferences. The Colliers 2021 Institutional Investor Conference is scheduled for September 9, 2021, while the H.C. Wainwright 23rd Annual Global Investment Conference will take place from September 13-15, 2021. Croxall's presentation will be available on-demand starting September 13 at 7:00 a.m. ET. The company specializes in sustainable thin-film solutions that enable glass to transition between clear and dark.
Crown Electrokinetics Corp. (NASDAQ: CRKN) reported a net loss of $5.4 million for Q1 fiscal 2022, down from $10.5 million in the same period last year. The company launched its DynamicTint Smart Glass Inserts, with initial tests indicating potential energy cost reductions of 26% in commercial buildings. SG&A expenses decreased to $5.0 million from $7.9 million year over year, driven by lower stock-based compensations. As of June 30, 2021, Crown's cash and cash equivalents stood at $12.5 million, alongside working capital of $11.9 million, supporting future growth activities.
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