Crown Fiber Optics announces $100M in secured fiber contracts

Crown Fiber Optics 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.