Crown Electrokinetics partners with telecommunication infrastructure company to build fiber optic network across Northwest US
(UI) – Crown Electrokinetics Corp., an expert in constructing fiber optic networks, has entered into an agreement with a subsidiary of one of the largest telecommunication infrastructure companies in the United States.
The agreement expands Crown’s customer base and geographic coverage with operations now in Washington, and soon to expand to Oregon and California.
Doug Croxall, Crown Electrokinetics CEO and Chairman stated, “Our fiber optics division is focused on growing its customer base, and with this agreement, we have added our second customer. Expanding our customer base importantly increases our revenue opportunities, alleviates customer concentration risk, and makes growth more predictable. We are actively involved in multiple conversations with other prospective customers within the United States and look forward to sharing more customer wins in the near future.”
In early January, Crown announced that it had entered into an asset purchase agreement with Amerigen 7, an emerging leader in the fields of distributed antenna systems and construction of fiber optic networks.
Crown did this to generate revenue and cash flow from the construction of the fiber optic network for Charter Communications. The business has been rebranded and renamed as Crown Fiber O
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