24/7 Market News Snapshot 08 Jul 2024 – Crown Electrokinetics Corp. Common Stock (NASDAQ: CRKN)
DENVER, Colo., 08 July, 2024 (247marketnews.com) – (NASDAQ:CRKN) are discussed in this article.
Crown Electrokinetics Corp. (CRKN) is making waves in the pre-market session, displaying a remarkable bullish trend with its current price at $4.442, a notable 20.16% surge from the market open after closing at $3.74 the previous day. The trading volume of 1.3 million shares underscores the significant positive momentum CRKN is experiencing, attracting keen investor interest and hinting at potential profitable opportunities on the horizon.
In a strategic move, Crown Electrokinetics Corp. (NASDAQ:CRKN) is expanding its horizons through a collaboration with two major telecommunications and cable operators, embarking on fiber network construction projects in Arizona and Oregon. Teaming up with Paramount Networks, a key partner with agreements in place with 19 leading telecom and cable operators, Crown will initiate construction of fiber networks for a major cable provider in Arizona. This venture involves a range of tasks from directional drilling to fiber placement and splicing, with plans to extend operations into Nevada. Concurrently, Crown is set to undertake comprehensive fiber optic network construction in Oregon, further cementing its foothold in the telecommunications infrastructure sector.
This transformative expansion has prompted Crown to revise its third-quarter revenue guidance, now anticipating a higher range of $8 million to $9 million, reflecting a positive adjustment from the initial projection. Corey Boaz, President of Construction for Crown Fiber Optics, highlights the strategic significance of these partnerships in driving the company’s growth trajectory and cultivating essential industry relationships.
With its core divisions specializing in smart glass technology and fiber optic network construction, Crown Electrokinetics stands at the forefront of utility infrastructure solutions. As Crown advances these strategic initiatives, its commitment to innovation, client satisfaction, and stakeholder value remains unwavering. Interested parties seeking further information about Crown Electrokinetics Corp. can access details on the company’s official website.
This press release may contain forward-looking statements subject to various risks and uncertainties, with the company declining any obligation to update such statements following subsequent events. Additionally, the securities mentioned are not registered under the Act and are unavailable for public sale in the USA without proper registration or exemption procedures.
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