Welcome to our dedicated page for Crown Electr news (Ticker: CRKN), a resource for investors and traders seeking the latest updates and insights on Crown Electr stock.
Crown Electrokinetics Corp. (CRKN) uses its news releases to highlight developments across its Smart Windows and Construction businesses, as well as important corporate and capital markets events. Readers of this news feed can follow how Crown presents its role as an infrastructure solutions provider focused on fiber optics, water service lines, water intake solutions, XXL pipelines, and Smart Windows technology.
The company’s construction-related updates have included contract wins and project milestones in Crown Fiber Optics, Element 82, and water intake solutions. For example, Crown has reported multi-year fiber infrastructure contracts and a growing portfolio of contracts and backlog for Crown Fiber Optics, along with rural broadband projects in regions such as the Pacific Northwest and work with regional and privately held internet service providers. Other releases describe lead service line inspection projects under Element 82 and progress on slant wells and planned reverse osmosis facilities in Mexico.
Financial and strategic news items cover quarterly and full-year results, commentary on revenue growth from infrastructure contracts, and management’s discussion of shifting from rapid growth to what it calls smart growth. Corporate governance and capital markets announcements include leadership changes, board appointments, changes in the independent registered public accounting firm, Nasdaq delisting determinations, appeals and reconsideration efforts, and the company’s intention to voluntarily delist from Nasdaq while trading on the OTC market.
In addition, Crown has announced an Agreement and Plan of Merger involving a tender offer that is intended to result in Crown becoming a wholly owned subsidiary of an acquiring entity, as well as subsequent amendments to that agreement. By reviewing this news stream, investors and observers can see how Crown communicates about its infrastructure contracts, Smart Windows development, trading status, and merger-related activity over time.
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Crown Electrokinetics Corp. (NASDAQ: CRKN) has released research with Lawrence Berkeley National Laboratory, revealing that over $45 billion in energy is wasted annually in the U.S. due to inefficient windows. This figure highlights the growing concern over energy waste, as data indicates a steady increase since a previous estimate of $40 billion in 2018. Crown's DynamicTint™ technology aims to mitigate this waste across commercial and residential sectors. The company's intellectual property has a market value of $94.4 million, bolstering its prospects for entering the smart glass market. A product launch is anticipated in Summer 2022.
Crown Electrokinetics Corp. (NASDAQ: CRKN) announced an intellectual property (IP) valuation of $94.4 million based on a report from a third-party firm. This valuation focuses on the U.S. office building market but suggests a higher potential value when considering wider applications, including residential and international markets. The company's DynamicTint™ Smart Window Insert technology is nearing deployment with various customers, representing a significant milestone in showcasing the value of Crown's IP assets. Ongoing innovation aims to protect and expand the IP portfolio.
Crown Electrokinetics Corp. (NASDAQ: CRKN) announced a significant intellectual property valuation of $94.4 million from a leading third-party firm. This valuation pertains specifically to Crown’s technology in the US office building market, although its value could be higher if assessed in other sectors. The report underscores Crown's robust patent portfolio and the potential commercial viability of its DynamicTint™ technology, aimed at enhancing glass functionality. CEO Doug Croxall emphasized the importance of this valuation for advancing shareholder interests.
Crown Electrokinetics Corp. (NASDAQ: CRKN) reported its financial results for the fiscal 2022 Stub Period, ending December 31, 2021. CEO Doug Croxall and CFO Joel Krutz highlighted significant product updates, including the upcoming delivery of first-generation Smart Window Inserts in summer 2022, with installations planned in major US cities. The company secured a $10 million Letter of Credit facility for operational financing. Additionally, a favorable intellectual property valuation was announced, showcasing the company's promising technology in smart glass.
Crown Electrokinetics Corp (NASDAQ: CRKN) reported its financial results for the nine-month Stub Period ending December 31, 2021, showcasing a net loss of $16.5 million, which is an improvement from a $20.1 million loss in the prior year. Operating expenses rose to $16.9 million, driven mainly by stock-based compensation and payroll. The company anticipates launching its Smart Window Inserts by summer 2022, following the establishment of new facilities in Oregon. Recent partnerships include a Master Supply Agreement with a large REIT for product installation, enhancing market reach.
Crown Electrokinetics Corp (NASDAQ: CRKN) announced on March 28, 2022, that it has entered a Master Supply Agreement with a significant Real Estate Investment Trust (REIT). Crown will supply window tinting products in select locations across three states, with an expected product launch in Summer 2022. The commercial potential is significant, targeting a market of 5.9 million U.S. commercial buildings covering 97 billion square feet, as noted in the U.S. EIA's 2018 survey.
Crown Electrokinetics Corp. (NASDAQ: CRKN) has provided a shareholder update discussing its strategic advancements in 2022. The company is set to complete facilities in Corvallis and Salem, enhancing manufacturing self-sufficiency and improving customer experience. Crown's Smart Window Inserts utilize DynamicTint™ technology to improve energy efficiency. The initial target market includes 5.9 million U.S. commercial buildings. The company is establishing relationships in the REIT market and has commissioned an independent valuation of its intellectual property portfolio, with results forthcoming.
Crown Electrokinetics Corp. (NASDAQ: CRKN) announced it will report its Fourth Quarter and Stub Period financial results on March 30, 2022, before market open. The report covers the nine months ending December 31, 2021 as part of transitioning to a new fiscal year starting 2022. A conference call will follow at 11:00 a.m. ET, featuring remarks from CEO Doug Croxall and CFO Joel Krutz. The company specializes in smart glass technology with a focus on sustainability, offering products that can transform glass surfaces quickly. A replay of the call will be available until April 13, 2022.
Crown Electrokinetics Corp. (NASDAQ: CRKN) announced key developments in its leadership vision during a Fireside Chat with CEO Doug Croxall. The company highlighted advancements in its DynamicTint technology, which boasts lower costs, reduced power consumption, and faster tinting capabilities. Croxall emphasized a vertically integrated manufacturing process designed to enhance efficiency and protect intellectual property. Crown plans to be a significant ESG supplier for U.S. office buildings, aiming for a summer 2022 launch of its smart window insert products.