Crown Fiber Optics Announces $100 Million in Secured Multi-Year Fiber Contracts
MWN-AI** Summary
Crown Fiber Optics, a division of Crown Electrokinetics Corp. (OTC: CRKN), has announced the acquisition of multi-year fiber infrastructure contracts exceeding $100 million. This growth is fueled by significant awards in New Mexico and Washington, in conjunction with expanding broadband projects throughout the Pacific Northwest. The contracts, which have the potential to generate approximately $80 million in annual revenue, were awarded by one of the United States' rapidly growing privately held internet service providers.
Specifically, the project in Albuquerque is expected to yield around $50 million annually, while the Seattle area project is projected to contribute about $30 million per year over its term. Additionally, Crown Fiber has secured a $6 million-plus contract with an Oregon-based telecommunications provider to support RUS-funded rural fiber initiatives in Vale, which is set to expand over the next few years.
Crown Fiber is also actively working with a Native reservation in Oregon to enhance rural broadband infrastructure, with the initial phase valued at approximately $3 million and future phases expected to reach over $25 million. The Company's project backlog has surpassed $25 million, owing to its ongoing operations and maintenance for regional fiber-optic internet providers in Oregon, Washington, and Idaho.
Corey Boaz, President of Crown Fiber, highlighted the Company's commitment to delivering high-quality, reliable fiber infrastructure, underscoring that the current opportunities signal a robust future as consumer demand for connectivity rises. Crown Fiber's services include comprehensive network deployment, design, and real-time asset management, positioning it as a leader in the fiber infrastructure sector catering to both rural and urban communities.
MWN-AI** Analysis
Crown Fiber Optics' recent announcement of securing over $100 million in multi-year fiber contracts represents a significant advancement for the company and an opportunity for investors. The contracts, primarily focused on broadband projects in New Mexico and Washington, suggest a strong revenue potential with about $80 million in annual income expected from these initiatives. This diverse portfolio, driven by collaboration with a rapidly growing internet service provider, positions Crown Fiber favorably within the expanding fiber optic market.
Investors should closely monitor the execution of these contracts, particularly those in Albuquerque and greater Seattle, as they account for substantial annual revenue contributions. The company's ongoing commitment to federally funded rural broadband initiatives further enhances its market positioning, especially as demand for reliable internet services in underserved regions continues to rise.
Crown Fiber's impressive backlog, now exceeding $25 million, reflects a well-received approach to infrastructure projects across Oregon, Washington, and Idaho. With its focus on safety, quality, and the application of proprietary technology, the company is set to leverage these strengths as it pursues further growth opportunities.
However, potential investors must also consider the inherent risks outlined in the forward-looking statements. While Crown Fiber's growth trajectory is promising, external market variables, regulatory changes, and competition within the fiber-optic sector could impact performance.
In summary, Crown Fiber Optics presents a robust investment opportunity given its strategic contracts and ongoing projects. Investors keen on capitalizing on the digital infrastructure boom may find this an auspicious time to consider positions in Crown Fiber or indirectly through its parent company, Crown Electrokinetics Corp. Careful evaluation of market conditions and risk assessment will be essential for informed decision-making.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
LOS ANGELES, Nov. 10, 2025 (GLOBE NEWSWIRE) -- Crown Fiber Optics (“Crown Fiber” or the “Company”) , a leading provider of fiber infrastructure solutions, and a division of Crown Electrokinetics Corp. (OTC: CRKN), today announced it has secured multi-year fiber infrastructure contracts valued at slightly more than $100 million. The Company’s continued growth is driven by new long-term awards in New Mexico and Washington, as well as the ongoing expansion of broadband projects across the Pacific Northwest.
The newly awarded contracts, totaling approximately $80 million in annual revenue potential, were secured with one of the fastest-growing privately held internet service providers in the United States. In Albuquerque, New Mexico, the project is expected to generate about $50 million annually, while the project in greater Seattle, Washington, is expected to contribute approximately $30 million per year over its multi-year term.
In addition to these new awards, Crown Fiber continues to build momentum across the Pacific Northwest through federally funded rural broadband initiatives and long-term partnerships with leading network providers. Collectively, these efforts bring the Company’s current contract and backlog portfolio to more than $100 million in total value.
As part of this regional growth, Crown Fiber recently secured a $6 million-plus contract with an Oregon-based telecommunications provider to complete RUS-funded rural fiber projects in Vale, Oregon. This multi-phase project has officially broken ground and is anticipated to expand significantly through 2026 and 2027 as additional phases are launched.
The Company has also secured a contract with a Native reservation in Oregon to deploy rural broadband infrastructure throughout the community. The current phase of this initiative is valued at approximately $3 million, with future phases projected to expand the total opportunity to over $25 million within the next two to three years.
Additionally, Crown Fiber maintains a robust backlog exceeding $25 million through its ongoing operations and maintenance support for a regional fiber-optic internet provider across Oregon, Washington, and Idaho, with additional territories currently under evaluation.
“These opportunities reflect Crown Fiber’s unwavering commitment to quality, accountability, and reliability in an industry that demands higher standards,” said Corey Boaz, President, Crown Fiber Optics. “Through proprietary technology, disciplined operations, and a relentless focus on safety, performance, and timely project delivery, we consistently create exceptional value for our clients. I am incredibly proud of our team. Their drive and professionalism make this growth possible and continue to strengthen the trust we have built with our partners. As we look ahead, we will keep raising the bar for what dependable broadband infrastructure can deliver.”
About Crown Fiber Optics
Crown Fiber specializes in the design and construction of fiber optic networks that connect rural and urban communities. Services include end-to-end fiber network deployment, from aerial and underground installation to directional drilling, site restoration, and precision cable splicing. Expertise covers network design, permitting, utility coordination, and infrastructure planning, supported by real-time GIS documentation and digital asset management. With an emphasis on safety, reliability, and rapid execution, Crown Fiber delivers high-performance solutions that support the growing demand for next-generation connectivity.
Crown Fiber is a business of Crown (OTC: CRKN), an innovative infrastructure solutions provider dedicated to benefiting communities and the environment. For more information, please visit www.crownek.com .
Forward-Looking Information
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, 2024, and subsequent reports Crown files with the U.S. Securities and Exchange Commission from time to time, in the sections entitled “Risk Factors” and “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 Electrokinetics Corp. 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.
Contact Information:
Investor Relations
ir@crownek.com
Public Relations
pr@crownek.com
FAQ**
How does the recent award of contracts valued at over $100 million position Crown Electrokinetics Corp. (CRKN) within the competitive fiber infrastructure market, particularly against other service providers?
What are the expected long-term implications for Crown Electrokinetics Corp. (CRKN) from the $50 million project in Albuquerque and the $30 million project in Seattle on their overall revenue growth?
In light of the new contracts, how does Crown Electrokinetics Corp. (CRKN) plan to manage operational challenges and ensure timely project delivery while maintaining service quality?
How might Crown Electrokinetics Corp. (CRKN) leverage its current backlog exceeding $100 million to attract further partnerships or investment in future rural broadband initiatives?
**MWN-AI FAQ is based on asking OpenAI questions about Crown Electrokinetics Corp. (NASDAQ: CRKN).
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