Crown Electr Stock Price, News & Analysis

Crown Electrokinetics Corp. (NASDAQ: CRKN) has formed two new divisions: Element 82 for lead pipe inspection and PE Pipelines for lead pipe remediation. The company aims to address the significant problem of lead in drinking water pipes across the United States. Element 82 has partnered with Chuck Hansen's Electro Scan Inc. to utilize the Swordfish technology, a revolutionary tool for detecting pipe materials without excavation.

Crown has appointed industry experts to lead these divisions, including Chuck Hansen as Chief Advisor Lead Pipe Assessment and David Kinsella as President of Element 82 and PE Pipelines. The company has already begun projects in New York, Virginia, and Florida, with plans to announce purchase orders and revenue targets soon. To incentivize the new team, Crown has granted RSUs to key personnel, subject to business milestone-based vesting.

Crown Electrokinetics Corp. (NASDAQ: CRKN), a leading smart glass technology company and expert in fiber optic network construction, has announced its second quarter 2024 conference call scheduled for August 14, 2024, at 12:00 PM ET. The call will feature remarks from Crown's management team and provide an opportunity for participants to engage with the company's latest developments.

Interested parties can join the conference call via phone or webcast. The dial-in numbers are 1-877-451-6152 (US) or 1-201-389-0879 (International), with the Conference ID: 13747919. Alternatively, participants can access the webcast through a provided link or use the Call me™ feature for instant telephone access. A replay of the call will be available afterwards using the access ID: 13747919.

Crown Electrokinetics Corp. (NASDAQ:CRKN), a smart glass technology company and fiber optic network expert, has regained compliance with Nasdaq's minimum bid price requirement. The company received a notification letter from Nasdaq's Listing Qualifications Department on July 25, 2024, confirming its compliance with Nasdaq Listing Rule 5550(a)(2). This development ensures Crown's continued listing on the Nasdaq Stock Market, which is important for maintaining investor confidence and market visibility.

Crown Electrokinetics Corp. (NASDAQ:CRKN) has been awarded an additional segment under its current agreement in Nevada, extending its ongoing large backbone long haul fiber project. This new work complements the existing project, which involves horizontal drilling and plowing. Crown had previously secured two "clusters" expected to generate approximately $5.7 million in gross revenues.

Corey Boaz, President of Construction for Crown Fiber Optics, emphasized that this additional award reflects the quality of work the company provides and its commitment to exceeding customer expectations. He also noted that Crown's pipeline is growing through both new and repeat business, having earned customer trust.

Crown Electrokinetics has announced an expansion of its fiber optic network operations in Arizona, Nevada, and Oregon. This move is facilitated through a new contracting agreement with Paramount Networks, which holds a Master Service Agreement with 19 major telecommunications and cable operators in the U.S. The work in Arizona will soon begin for a significant cable provider and will include horizontal directional drilling, aerial plant construction, and fiber placement and splicing. In Oregon, Crown will undertake turnkey fiber optic network construction. As a result of these new projects, Crown has revised its third-quarter revenue guidance from $7-8 million to $8-9 million.

Crown Electrokinetics, a leader in smart glass technology and fiber optic network construction, announced leadership changes effective July 8, 2024, to enhance its market capabilities and product launch acceleration.

Tim Koch, co-founder and former CTO, will transition to Chief Innovation Officer to focus on delivering electrokinetic film and expanding the product portfolio.

Robert Vandal, with over 30 years in product development and manufacturing in the glass industry, will take over as CTO, bringing his expertise from Guardian Glass where he led significant advancements.

Francois Prouhet will join as Director of Business Development, leveraging his experience from Guardian Industries and Cars.com to develop Crown's go-to-market strategy and business partnerships.

Both new appointees received inducement RSU awards, with vesting based on agreed business milestones.

Crown Electrokinetics (NASDAQ:CRKN) issued a letter to shareholders providing key updates on their Nasdaq listing compliance, operational progress, and financial outlook. To meet Nasdaq's compliance, Crown executed a 1:150 reverse stock split. They highlighted strong growth in their Fiber Optics division, delivering production in multiple states and expanding into new markets like Idaho and Oregon. The company anticipates second-quarter revenues between $3.5M and $4M and third-quarter revenues between $7M and $8M due to backlog orders. Progress continues in their Electrokinetic Film division, with an Alpha Gen 1 product expected by fall 2024. Additional updates on executive additions and product milestones are forthcoming.

Crown Electrokinetics Corp (NASDAQ: CRKN), a leader in smart glass technology and fiber optic networks, announced the commencement of its Crown Fiber Optics division's work in Oregon. The projects involve both fiber construction and underground power infrastructure for four new customers. Crown anticipates generating up to $8 million in revenue from these contracts in 2024, with potential growth to $15 million in 2025. The projects will include directional drilling, excavation, micro trenching, and splicing. Corey Boaz, President of Construction for Crown Fiber Optics, highlighted the opportunities for diversification across the west coast and praised the team's efforts.

Crown Electrokinetics Corp. (NASDAQ:CRKN), known for its smart glass technology and fiber optic network construction, announced an expanded project with an existing customer in Idaho.

The expanded scope involves horizontal directional drilling and fiber to the home, growing from two drills to seven. This expansion positions Crown as the preferred contractor for both residential fiber projects and installations for school districts in the Boise area.

The company anticipates further expansion later this year, underscoring their commitment to customer satisfaction.