VANCOUVER, July 30, 2018 /CNW/ - LITE ACCESS TECHNOLOGIES INC. (the "Company") (TSX VENTURE: LTE) (OTC PINK: LTCCF), a world leader in the use of innovative and proven micro/narrow trenching technologies, alternate methods of deployment and specialist products which transform the cost of fibre optic network deployment for telecommunications operators, has received positive reports from Gigaclear's site inspections for its rural fibre optic deployments underway in West Oxfordshire, UK (see press release dated March 23, 2018).
Leading rural full fibre broadband operator, Gigaclear Networks, recently inspected sites where Lite Access is currently installing multiple nodes simultaneously for maximum productivity, efficiency and utilization of resources. Inspection of the ultrafast full fibre broadband build reported Lite Access' commitment to safety, quality and compliance. In addition, the Company received commendation for its rapid pace of mobilization and skillful deployment of resources, as well as positive feedback on interactions with the local community.
Lite Access has successfully ramped up operations in Oxfordshire and is now at the required deployment rate. Based on the positive review of works completed to-date and ongoing discussions, the Company firmly believes it is becoming an integral part of Gigaclear's future fibre expansion plans throughout the UK.
Mike Quinn, Delivery Director, Gigaclear Networks: "We are pleased with Lite Access' construction activities in the West Oxfordshire area. The effective performance of its team and deployment methodologies is helping to accelerate installation of our full fibre broadband network in rural areas. Equally as important is the minimal impact of construction to local residents, which we take very seriously. We look forward to continue working with companies such as Lite Access, who share our values and commitment to delivering fast and reliable broadband."
"We are thrilled to receive this positive feedback from Gigaclear - it is a credit to our strong culture, operational discipline, innovation and end-to-end capabilities," stated Carlo Shimoon, President & CEO of Lite Access. "Our teams are delivering on their promise and commitment to execute fibre rollouts to the highest industry standard using the 'Lite Access Way'. The 'Lite Access Way' provides a unique deployment methodology enabling faster, higher quality deployment of fibre network infrastructure and allowing network providers faster customer acquisition rates."
Mr. Shimoon concluded, "The UK government has made broadband internet provision a policy priority, citing the economic and social benefits. Our large investment into UK operations is beginning to bear fruit as network providers such as Gigaclear Networks are realizing the advantages of utilizing our construction services. We are seeing the benefits of our capex-heavy/opex-light model and expect to use this as a template for smart completion of projects around the globe."
The results of this latest inspection are in line with the patterns observed by other Lite Access clients. The 'Lite Access Way' of premier construction for both trunk and FTTP connectivity has been successfully demonstrated to major network operators and has become a recommended and preferred method of construction in numerous cities and councils around the globe due to its least invasive, most cost-effective and future-proof fibre optic connectivity. Once the Company's deployment solutions are delivered in one location, implementation of the "Lite Access Way" across other areas is the next logical step.
About Gigaclear plc
Gigaclear plc is the most successful operator of ultrafast, full Fibre-to-the-Premises (FTTP) broadband networks to rural Britain, enabling uncompromised speeds of up to 1,000Mbps (1Gbps). Building networks with a combination of government-subsidised Broadband Delivery UK (BDUK) rural broadband programme funds as well and its own investment, today Gigaclear Networks connections are available to over 65,000 homes and businesses in the southern half of the UK, offering a future proofed, world class broadband solution.
For further information about qualifying communities go to www.gigaclear.com/can-i-get-it
About Lite Access
Lite Access Technologies Inc. is a world leader in the use of innovative and proven micro/narrow trenching technologies, alternate methods of deployment and specialist products which transform the cost the network deployment for telecommunications operators. Lite Access has successfully deployed or enabled deployment of thousands of kilometres of broadband networks throughout North America and the United Kingdom as well as South America, Africa, Australia and Asia.
As part of its suite of services Lite Access provides clients with integrated solutions or select components for the design and implementation of fibre optic networks. Lite Access' products have been deployed in many high-profile communication networks including Olympic facilities, military and government, numerous communities throughout the United Kingdom, the USA and Canada as well as global telecommunications companies that have adopted Lite Access as the "solution of choice" for the least invasive, most cost effective and future-proof fibre optic connectivity available.
Lite Access' installation technology and proprietary products extend a network provider's ability to deliver true broadband connectivity directly to end-users, such as homes, businesses, government and educational institutions, and emergency response facilities. Lite Access remains flexible and innovative in its commitment to provide global clients and partners with the most cost effective and proven fibre connectivity solutions available.
Forward Looking Information
This news release contains statements that, to the extent they are not recitations of historical fact, may constitute "forward-looking statements" within the meaning of applicable Canadian securities laws. Lite Access uses words such as "may", "would", "could", "will", "likely", "expect", "believe", "intend" and similar expressions to identify forward-looking statements. Any such forward-looking statements are based on assumptions and analyses made by Lite Access in light of its experience and its perception of historical trends, current conditions and expected future developments. However, whether actual results and developments will conform to Lite Access' expectations and predictions is subject to any number of risks, assumptions and uncertainties. Many factors could cause Lite Access' actual results to differ materially from those expressed or implied by the forward-looking statements contained in this news release. Such factors include, among other things: the projected value of the contract award from Gigaclear, and risks and uncertainties described in Lite Access's most recent Management Discussion & Analysis (MD&A) for the period ended December 31, 2017 which can be accessed at www.sedar.com. The "forward-looking statements" contained herein speak only as of the date of this press release and, unless required by applicable law, Lite Access undertakes no obligation to publicly update or revise such information, whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Lite Access Technologies Inc
For further information: Lite Access Technologies Inc., Carlo Shimoon, CEO, Phone: 1-604-247-4704, Unit 5 - 20678 Duncan Way, Langley, BC, V3A 7A3, www.liteaccess.com; For investor relations please contact: Rob Gamley, Phone: 1-604-689-7422, Email: [email protected], Contact Financial Corp., 810 - 609 Granville St., Vancouver, BC, V7Y 1G5