VANCOUVER, Feb. 9, 2017 /CNW/ - LITE ACCESS TECHNOLOGIES INC. (the "Company") (TSX VENTURE: LTE)(PINK SHEETS: LTCCF), a total integrated fibre optic solutions provider, announced today that it has been awarded a contract in the amount of $459,000 for the supply and installation of a fibre optic network build for the City of New Westminster, British Columbia. Using Lite Access' proprietary micro-trench and air blown fibre optic technologies this project will focus on providing and installing Microduct and fibre optic cable for backbone connectivity.
Lite Access has been working with many communities and cities throughout North America, South America as well as internationally, that are proactively building infrastructure to help offset the high cost of current service provider connectivity. The Company's proprietary products and best-in-class micro-trench installation methodologies have been used for many cities and municipalities in Western Canada such as QNet in Coquitlam, BC, the Township of Langley, BC, Delta, BC, communities throughout the East and West Kootenays, Banff and Waterton, Alberta. Lite Access' proven technologies and innovative fibre connectivity solutions enable connectivity in the most future-proof, non-disruptive and cost-effective fibre manner available today.
Mike Plotnikoff, CEO of Lite Access, said, "We are very pleased to continue working with the City of New Westminster and assist with their ongoing fibre optic network expansion plans. Our repeated ability to win contracts clearly demonstrates that the region is embracing our solutions. We're gaining momentum on the acquisition of firm contracts both domestically and abroad and expect to build on the success of this contract award."
About Lite Access
Lite Access is a world leader in Microduct and fibre optic technologies. Using its specially designed and innovative micro-trench and alternate methods of deployment, Lite Access' proprietary Microduct technology extends a network provider's ability to deliver true broadband connectivity directly to end-users, such as homes, government and educational institutions, and emergency response facilities. Providing a full portfolio of fibre connectivity solutions for many types of Telecom infrastructure, Lite Access has successfully deployed or enabled deployment of thousands of kilometres of Microduct networks throughout North and South America, the United Kingdom, the Caribbean, Australia and Asia.
Lite Access' products have been deployed in many high-profile communication networks including the Whistler 2010 Winter Olympic facilities, communities throughout British Columbia, the USA and Alberta as well as numerous Global telecoms that have adopted Lite Access as the "solution of choice" for future proof fibre optic connectivity solutions. Providing total Integrated Solutions including proven and approved alternate deployment methodologies, Lite Access remains flexible and innovative in its commitment to enable global clients and partners with the most cost effective and proven fibre connectivity 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 the Company's most recent Management Discussion & Analysis (MD&A) dated September 30, 2016 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, the Company 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: please contact: Lite Access Technologies Inc., 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., 1450 - 701 West Georgia St., Vancouver, BC V7Y 1G5