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]

Group 1 - Halper Sadeh LLC is investigating potential violations of federal securities laws and breaches of fiduciary duties related to the sale of Know Labs, Inc. to Goldeneye 1995 LLC [1] - Elevation Oncology, Inc. is set to be sold to Concentra Biosciences, LLC, with shareholders receiving $0.36 in cash per share and contingent value rights based on future net cash and proceeds from EO-1022 [1] - Crown Electrokinetics Corp. is being sold to Crown EK Acquisition LLC for $3.15 per share [2] Group 2 - Halper Sadeh LLC may seek increased consideration for shareholders and additional disclosures regarding the proposed transactions [3] - Shareholders are encouraged to contact Halper Sadeh LLC to discuss their legal rights and options at no charge [4] - The firm represents investors globally who have experienced securities fraud and corporate misconduct, recovering millions for defrauded investors [4]

Core Viewpoint - Crown Electrokinetics Corp. reported significant revenue growth in 2024, achieving $19.7 million compared to $0.2 million in 2023, indicating a successful transition to a scalable infrastructure business focused on long-term value creation [2][5]. Financial Performance - Total revenue for 2024 was $19.7 million, a substantial increase from $0.2 million in 2023 [4][5]. - Gross margin for 2024 was a loss of $0.7 million, an improvement from a loss of $0.8 million in 2023 [5]. - Operating expenses rose to approximately $23.4 million in 2024, including $5.3 million in non-cash stock-based compensation, up from $18.5 million in 2023 [6]. - The net loss for 2024 was $25.9 million, reduced from a net loss of $29.0 million in 2023 [6]. Cash Position and Balance Sheet - As of December 31, 2024, the company had $13.7 million in cash, which has now increased to over $20 million [3][4]. - Stockholders' equity was reported at $22.2 million, indicating a stable financial position [7]. Business Highlights - Crown completed the construction of its first proprietary slant well project in Cabo San Lucas, Mexico, and installed over 2 million feet of fiber optic cable across various projects [2][4]. - The company secured multiple Fiber-to-the-Home (FTTH) purchase orders totaling approximately $8 million from a regional fiber-optic internet provider [4]. - Inspections of over 4,000 homes for lead service lines were completed, expanding the company's footprint in lead inspection projects [4][10]. Strategic Focus - The company is shifting its focus from rapid growth to smart growth, prioritizing profitable contracts to enhance long-term value [2]. - Crown is committed to continuing investments in growth while identifying cost-saving measures to maintain financial stability [3]. - The launch of the first-generation Smart Window Inserts is projected by the end of 2025, with ongoing progress in product development and manufacturing readiness [10].

Core Points - Crown Electrokinetics Corp. announced the resignation of Andrew "Andy" Mayer, President of Construction, effective March 25, 2025 [1] - CEO Doug Croxall expressed gratitude for Mayer's contributions and emphasized the company's focus on executing its diversified business strategy [2] - Crown is committed to delivering long-term value through innovation in its critical infrastructure businesses, including Smart Windows, Fiber Optics, Water Service Lines, and Water Intake Solutions [2] Company Overview - Crown Electrokinetics is an innovative infrastructure solutions provider dedicated to benefiting communities and the environment [3] - The company operates across multiple sectors, including Smart Windows and Construction, and aims to redefine industry standards with cutting-edge solutions [3]