Crown Fiber Optics Announces $100 Million in Secured Multi-Year Fiber Contracts

Core Insights - Crown Fiber Optics has secured multi-year fiber infrastructure contracts valued at slightly more than $100 million, driven by new long-term awards in New Mexico and Washington, and the expansion of broadband projects in the Pacific Northwest [1][3] Group 1: Contract Details - The newly awarded contracts have an annual revenue potential of approximately $80 million, with a project in Albuquerque, New Mexico expected to generate about $50 million annually, and a project in greater Seattle, Washington anticipated to contribute around $30 million per year [2] - Crown Fiber has also secured a $6 million-plus contract with an Oregon-based telecommunications provider for RUS-funded rural fiber projects in Vale, Oregon, which is expected to expand significantly through 2026 and 2027 [4] - A contract with a Native reservation in Oregon aims to deploy rural broadband infrastructure valued at approximately $3 million, with future phases projected to exceed $25 million within the next two to three years [5] Group 2: Growth and Backlog - The company's current contract and backlog portfolio exceeds $100 million in total value, bolstered by federally funded rural broadband initiatives and partnerships with leading network providers [3][6] - Crown Fiber maintains a robust backlog exceeding $25 million through ongoing operations and maintenance support for a regional fiber-optic internet provider across Oregon, Washington, and Idaho [6] Group 3: Company Commitment and Services - The company emphasizes its commitment to quality, accountability, and reliability in the fiber optics industry, focusing on safety, performance, and timely project delivery [7] - Crown Fiber specializes in the design and construction of fiber optic networks, offering services that include end-to-end fiber network deployment, network design, permitting, and infrastructure planning [8]