Crown Fiber Optics Secures $100 Million in Fiber Contracts

Contract Awards: Crown Fiber Optics has secured over $100 million in multi-year fiber infrastructure contracts, primarily driven by new projects in New Mexico and Washington, with an annual revenue potential of approximately $80 million.

Project Details: The Albuquerque project is expected to generate about $50 million annually, while the Seattle project is projected to contribute around $30 million per year.

Rural Broadband Initiatives: The company is expanding its presence in the Pacific Northwest through federally funded rural broadband initiatives, including a $6 million contract for RUS-funded projects in Oregon and a $3 million contract for a Native reservation.

Backlog and Future Growth: Crown Fiber maintains a backlog exceeding $25 million and anticipates significant growth through ongoing operations and maintenance support across Oregon, Washington, and Idaho, with further expansion opportunities being evaluated.