Forward-Looking Statements
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This public statement contains forward-looking articulations as characterized inside Section 27A of the Securities Act of 1933, as changed, and Section 21E of the Securities Exchange Act of 1934, as corrected. These forward-looking assertions, and terms, for example, "expect," "expect," "plan," "may," "will," "ought to" or other similar terms, imply dangers and vulnerabilities since they identify with occasions and rely upon conditions that will happen later on. Those assertions incorporate articulations with respect to the goal, conviction or current assumptions for Crown Electrokinetics and individuals from its administration, just as the presumptions on which such explanations are based. Forthcoming financial backers are advised that any such forward-looking proclamations are not certifications of future execution and imply dangers and vulnerabilities, remembering those portrayed for Crown Electrokinetics' occasional reports recorded with the SEC, and that real outcomes may vary substantially from those examined by such forward-looking explanations. Besides as needed by government protections law, Crown Electrokinetics embraces no commitment to refresh or amend forward-looking proclamations to reflect changed conditions.

Dear Shareholders:

Following our fruitful $21.5 million capital raise and synchronous posting on the Nasdaq Capital Market, we have kept on zeroing in on Crown's operational development. Our first thing to get done was to add experienced experts to our administration group through two key recruits. We invited Eddie Kovalik as President and Chief Operating Officer and Kai Sato as Co-President and Chief Marketing Officer, both getting broad history constructing and working organizations utilizing their one of a kind range of abilities. Moreover, we added two new Board Members, Gizman Abbas and Gary Hanna, to help lead distinctive key activities.
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As of late, our designing and assembling group effectively ran its initially decorating measure on our creation move to-move instrument with Crown's miniature plan. The previously run gave our group incredible understanding concerning the boundaries to be adapted to a more extended run and higher web speed required for a bigger creation. By and large, we are energized by the outcomes and accept this is a major advance forward for proto-creation ability.

Because of this item advancement achievement, we are getting ready to dispatch our first field test with an enormous business REIT inside the following 14 days. We intend to introduce our DynamicTintTM Smart Glass Inserts in their central command for an exhibition test. Forthcoming those outcomes, we will keep on running after a full item rollout to the REIT's whole arrangement of business structures, just as select inhabitants who are generally dedicated to battling environmental change.

In our proceeded with conversations with huge business land owners, we have gotten a groundswell of interest in a cheap retrofit keen glass arrangement that meets the business' supportability objectives and goals. It is obvious to us from their input that no other item achieves what the DynamicTint Smart Glass Inserts have been intended to accomplish. Our capacity to introduce a full structure of glass embeds with no hard-wiring, fueled by sun powered energy, and conveying as a lattice organization of gadgets is totally phenomenal.