VANCOUVER, March 29, 2017 /CNW/ - LITE ACCESS TECHNOLOGIES INC. (the "Company") (TSX VENTURE: LTE)(OTC PINK: LTCCF), a world leader in fibre optic products and advanced installation methodologies, is pleased to announce the construction of a fibre optic network build for the City of New Westminster, British Columbia (see press release dated February 9, 2017) has commenced using the next evolution of its already proven least invasive installation methods, called narrow trenching.
Already tested and in use in the UK, Lite Access now offers a slightly wider and much deeper cut made using specially designed and engineered equipment. The cut is made at depths ranging between 18 and 24 inches deep, 4-6 inches wide and supports a uniquely designed microduct capable of high fibre count installation. The Company's ability to cut at depths of 18-24 inches using specially designed equipment, LTE's proven processes and through any type of infrastructure essentially offers an alternate solution to the more invasive and more costly traditional trenching approach.
In the UK, Lite Access trunk crews (consisting of 4 people) are cutting 90-150 metres per day for backbone / trunk applications for major telecom operators. The equipment and processes allow for a single pass through any type of infrastructure including layers of asphalt and concrete enabling fast and efficient installation of high fibre count microducts. Restoration and seamless reinstatement is accomplished and, as is the case with micro-trench installations, is faster, cleaner, and more cost effective without the need for large equipment or large crews, resulting in reduced environmental concerns and less civil disruption.
"Being pioneers in air blown fibre and alternate installation methodologies, the introduction of narrow trenching is a major industry breakthrough and for Lite Access specifically proves our position in the market as a world leader for rapid and cost effective fibre optic connectivity solutions," stated Mike Plotnikoff, CEO of Lite Access.
Mr. Plotnikoff further added, "Having proven micro-trenching as the solution of choice for fibre connectivity, Lite Access continues to remain the industry leading innovator with the advancement of equipment and processes for more mission critical backbone connectivity. The significance of developing this first-ever technology and addressing industry needs cannot be overstated. It will provide us access to more projects and strengthen the Company's growth in markets around the world."
About Lite Access
Lite Access is a world leader in Microduct and fibre optic technologies. Using its specially designed and innovative micro / narrow 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 August 29, 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: 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