VANCOUVER, June 12, 2018 /CNW/ - LITE ACCESS TECHNOLOGIES INC. (the "Company") (TSXV: LTE) (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, is pleased to announce the evolution and addition of management to position the Company for continued success and accelerated growth.
These efforts are part of a phased strategy in response to a growing multi-national workforce and are aimed at advancing the Company's domestic and international expansion strategy, business policies, innovation and operations activities as it seeks to solidify its position as a world leader within the industry.
General Manager, LATUK
Lite Access, United Kingdom (LATUK) will be managed by Noel O'Neil who will be promoted to the new General Manager (GM). Noel was instrumental in working with the LATUK team since the inception of the UK operations and was a natural choice to lead the subsidiary. The role is defined as GM instead of Managing Director to reflect the closer managing relationship between corporate and LATUK as it enters a rapid expansion phase.
Noel brings four decades of work experience with backgrounds in mechanical and civil engineering in Ireland and the United Kingdom. Noel also set up and ran a successful Heavy Equipment Rental enterprise from 1997- 2010 supplying major construction firms with the Equipment, Knowledge and customer support they required during Ireland's 'Celtic Tiger' construction industry boom period. Prior to becoming an entrepreneur, Noel gained valuable knowledge and expertise on various Management Teams with Mahon and McPhillips and Pearce Construction in Ireland and BBF Formworks on Mainframe construction projects across the United Kingdom.
Mr. O'Neill stated, "I came on board Lite Access two years as a consultant and to say I was impressed with the innovative equipment and forward-thinking mentality of the team is an understatement. With significant investment and opportunities in the industry, it is a fantastic time to be part of this organization. Our mission objective is to deliver a rapidly installed, cost-effective connectivity solution with zero defects using our specialist equipment and processes."
THOMAS (TOM) FLAHERTY
Project Director, LATUK
Most recently Chief Technical Officer (CTO) for Actavo in Europe, Thomas (Tom) Flaherty brings extensive experience in efficiently managing resources to enhance major fibre projects to successful completion. He will have the initial responsibility of managing/overseeing all aspects of the fibre deployment for the announced contract with Gigaclear (see press release dated March 23, 2018).
Mr. Flaherty is a solutions-oriented professional with extensive experience leading major infrastructure development and fibre and hybrid fibre-coaxial (HFC) network designing, building, and upgrading projects. He has proven success in achieving superior quality, safety, and stakeholder management objectives while overseeing all phases of multi-million projects from planning to delivery.
He was most recently CTO for Actavo in Europe from 2014 to 2016 and General Manager in the Caribbean during 2014, where his notable achievements included a FTTH build of 150,000 homes to provide high-speed internet access, playing a key role in delivering over 550,000 homes passed in an 18 month period and occupying both Operational and CTO roles for major FTTH / FTTB build projects within N8 countries in the Caribbean. Prior to that, Mr. Flaherty was Head of Network build for UPC in Dublin, where he spearheaded a €70 million regional network upgrade project for providing excellent service delivery to over 200,000 homes within 6 years. In addition, he prepared and executed effective strategies for completing the initial phase of a Dublin network upgrade project valued at €150 million and finished network up-gradation of 70,000 homes out of 350,000. Previously, he also served as Operations Director and CTO for major FTTH / FTTB build projects within N8 countries for Digicel.
Mr. Flaherty holds a Bachelor of Science, Business Studies from the Institute of Technology, Tallaght, Dublin and has numerous certifications and training, including: Prince2 Practitioner, ITT - Diploma in Business Studies, Internal Management Training, IIT - Certificate in Business Studies and Anco/FAS - C&G TV and Radio Servicing. He is also a Member of the Society of Telecommunication Engineers and Society of Cable Telecommunications Engineering.
Carlo Shimoon, CEO of Lite Access, stated, "We are delighted to have a professional of Tom's caliber join us as Project Director for LATUK. "He specialises in taking start up projects from inception to full delivery in a controlled and effective manner, with a strong emphasis on client confidence and budgetary control he will be a huge asset to Lite Access as we grow our UK operations and look to expand our rural fibre deployments with Gigaclear as a tier one provider. Our Company continues to attract top talent, strengthening its senior management team to ensure our Company has the leadership to further grow and build shareholder value."
In addition, the Company announces that for personal reasons, Dylan Griffiths has resigned from any employee, executive and Board responsibilities, effective 30th June 2018. The Board would like to wish him well in his future endeavours.
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: 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