Crown Fiber Optics Selected for Fiber Construction Project in Chandler Arizona

Rhea-AI Summary

Crown Electrokinetics Corp. (NASDAQ:CRKN) has been selected for a high-profile project in Chandler, Arizona, by a $5 billion NYSE-listed infrastructure construction company. The project is expected to last 7-10 years, with significant revenue growth anticipated throughout 2024 and beyond. The CEO, Doug Croxall, expressed pride in the company's strategic focus and execution, positioning Crown for further scale and strong growth.

Market Research Analyst

The selection of Crown Electrokinetics Corp. for a significant infrastructure project in Chandler, Arizona, indicates a robust entry into a long-term engagement that could substantially influence the company's revenue streams. The project's duration of 7-10 years provides a stable financial outlook and the association with a $5 billion NYSE-listed company enhances Crown's market credibility. It also highlights the growing demand for smart glass technology and advanced infrastructure solutions in North America.

From a market perspective, this partnership may attract investor attention, potentially impacting Crown's stock market performance. The strategic focus on a specific region, as mentioned by the CEO, reflects a targeted approach to market penetration, which could lead to increased market share and competitive advantage. Investors and stakeholders can anticipate a heightened interest in Crown's operational updates and financial reports in the coming years, as the project progresses.

Financial Analyst

The financial implications of Crown Electrokinetics Corp.'s involvement in the Chandler project are significant. Given the project's extensive timeframe, the predictable revenue over several years can improve the company's financial stability and forecast accuracy. This long-term contract can also serve as a lever for Crown to negotiate better terms with suppliers and secure financing under more favorable conditions.

Additionally, the project aligns with the company's strategic decision to concentrate on a particular region, which could lead to cost efficiencies and stronger local market dominance. Investors should monitor subsequent financial disclosures for upward revisions in revenue projections and evaluate the company's ability to scale operations while maintaining cost control. The anticipated growth in revenue is a positive indicator, but it will be crucial to assess how this translates into net income and cash flow, which are critical for long-term value creation.

Technology Industry Analyst

Crown Electrokinetics Corp.'s expertise in smart glass technology, distributed antenna systems (DAS) and fiber optic networks places it at the convergence of several high-growth areas within the technology sector. The smart glass market, in particular, is experiencing an uptick due to its energy efficiency benefits and application in sustainable building practices. The company's involvement in a high-profile infrastructure project not only showcases its technical capabilities but also aligns with broader industry trends towards smart cities and advanced communication infrastructures.

Investors should consider the technological advancements and innovation that Crown brings to the table, which may result in patents, proprietary processes, or unique partnerships that can offer a competitive edge. The project's scope suggests a large-scale deployment of Crown's technologies, potentially leading to further refinement of their offerings and expansion into new markets. Observing Crown's execution on this project will provide insights into the company's operational efficiency and its ability to deliver complex solutions at scale.

LOS ANGELES, CA / ACCESSWIRE / January 4, 2024 / 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 it has been selected for a project in Chandler, Arizona.

Crown's customer is a $5 billion NYSE-listed infrastructure construction company operating mainly throughout North America. The Company's primary activities include the engineering, building, installation, maintenance and upgrade of communications, energy, utility and a variety of other infrastructure industries.

Doug Croxall, CEO of Crown said, "The project in Chandler, Arizona is a very high-profile project with work that is expected to last between 7-10 years. We are excited to have been selected to handle the micro trenching for this project which further reinforces our decision to strategically focus on this region. We expect the revenue opportunity will grow significantly throughout the 2024 calendar year and beyond.

I am very proud of the Crown Fiber Optics team for securing this important relationship and opportunity, which positions Crown for further scale and strong growth going forward. We are witnessing the results from our strategic planning and execution."

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.

Safe Harbor Statement:

Statements in this news release may be "forward-looking statements". 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.

Crown Electrokinetics
IR Email: info@crownek.com

SOURCE: Crown Electrokinetics

View the original press release on accesswire.com

FAQ

What project has Crown Electrokinetics Corp. (CRKN) been selected for in Chandler, Arizona?

Crown Electrokinetics Corp. (CRKN) has been selected for a high-profile project in Chandler, Arizona by a $5 billion NYSE-listed infrastructure construction company.

How long is the project expected to last?

The project is expected to last between 7-10 years.

Who is the CEO of Crown Electrokinetics Corp. (CRKN)?

The CEO of Crown Electrokinetics Corp. (CRKN) is Doug Croxall.

What is the expected revenue opportunity for Crown Electrokinetics Corp. (CRKN) in 2024?

The company expects significant revenue growth throughout the 2024 calendar year and beyond.

What are the primary activities of Crown Electrokinetics Corp. (CRKN)?

The company's primary activities include the engineering, building, installation, maintenance, and upgrade of communications, energy, utility, and a variety of other infrastructure industries.

What did the CEO, Doug Croxall, express pride in?

Doug Croxall expressed pride in the company's strategic focus and execution, positioning Crown for further scale and strong growth.