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Exhibit 99.1 Elauwit Connection , Inc. Delivers Largest Quarter - Over - Quarter and Year - Over - Year Increase in Contracted Units in Company History with 16 % Sequential and 33 % Annual Growth Activated Units Increased 94 % , Billed Units Increased 163 % Year - Over - Year Progress Reflects 37 Properties and more than 10,000 New Units Signed Year - to - Date 10 New Properties Signed as Growth Continues in Third Quarter _ COLUMBIA , SC , August 18 , 2026 Elauwit Connection , Inc. ( NASDAQ : ELWT ) ( " Elauwit , " the " Company , " " we , " or “ our ” ) , a national managed services provider of turnkey broadband and property - wide WiFi networks serving multifamily , student housing , and senior living communities , today reported financial results for the second quarter ended June 30 , 2026 . “ The second quarter of 2026 was Elauwit's best - ever quarter - over - quarter and year - over - year increase in contracted units , signing almost 5,900 units across 21 properties in 10 states and the District of Columbia . These wins will drive significant construction activity in the second half of 2026 and a substantial expansion of our recurring service revenue under long - lived contracts as they come online later this year and throughout 2027. Year - to - date , we have signed more than 10,000 units , and the momentum continues into the September quarter with already multiple new property awards , " said Dan McDonough , Executive Chairman . “ This growth demonstrates that our sales focus on large , multi - property operators can generate significant repeat awards across an owner's portfolio . For example , we recently announced major wins with two large REIT owners , contracting more than 4,100 units across 14 properties and five states . These two operators plan to roll out managed services across their portfolios , which include hundreds of thousands of units of additional opportunity , and our sales pipeline has a number of similarly sized opportunities . " Given this confirmation that large portfolios are rapidly converting properties to managed services , we are sharpening our sales focus on key markets where we have higher density . This also enables increased attention to smaller and middle - tier property owners in those markets for our Network - as - a - Service ( “ NaaS ” ) product while doing so with greater operating efficiency . " In summary , the well - documented message that choosing Elauwit's managed services solutions can secure increased revenue , higher valuations , and more satisfied residents is resonating with owners and driving deals to closing , affirming our position that contracted units are the most important KPI in our business and best indicator or our future performance . We now have almost 43,000 units under contract and expect to exceed 50,000 units under contract before year end , achieving what would be a more than 46 % annualized increase in contracted units for 2026. These wins will drive both construction revenue and long - term recurring service revenue as we seek to build a robust and durable business at Elauwit . " Elauwit generates revenue in three contracted stages from each property win : first , upfront construction revenue and margin from the installation project , which is variable quarter to quarter ; second , predictable and steady services revenue growth over the first year of its multi - year agreements as it converts installed units to billed units ; and finally , multiple years of expected stable , recurring service revenue from a long - term managed services agreement .