VANCOUVER, Feb. 14, 2017 /CNW/ - LITE ACCESS TECHNOLOGIES INC. (the "Company") (TSX VENTURE: LTE)(OTC PINK: LTCCF), a total integrated fibre optic solutions provider, is pleased to announce its new South American partner, TEASA AND Tilsit (T/T), has been selected for a fibre connectivity project in Panama. Lite Access has provided equipment and trained and certified T/T on all aspects of its fibre deployment solutions, including micro-trenching, air-blown fibre and approved reinstatement methodologies.
T/T is a synergistic partnership between Paraguay-based TEASA and Uruguay-based Tilsit. T/T works on many deployment projects for large communications carriers interested in achieving additional fibre connectivity throughout Central and South America.
The Panama project is a 22 kilometer micro-trench installation to be completed for a large multinational telecommunications and internet service provider. It involves cutting a 30 centimeter trench in asphalt along an older road, which connects the original Panama Canal to an old U.S. gun battery which is now being used to house Panama's main internet connection. Project construction commenced in January 2017 and is proceeding at a good pace with completion expected by the end of March 2017.
T/T is currently bidding on two additional large micro-trench installation projects. T/T is also working on coordinating a complete re-servicing of the telecom infrastructure in Panama City; this job would involve providing fibre optic services to five national carriers and moving their services from overhead to underground installations. The grid to be serviced here is approximately 4 kilometers x 6 kilometers in size, with a projected budget of up to USD $55million.
Mike Plotnikoff, CEO of Lite Access stated, "T/T saw the potential for micro-trenching in Central and South America on a very large scale and approached us given Lite Access' track record of success in the industry and expertise in micro-trenching." Mr. Plotnikoff added, "By training and supplying T/T with our proven and proprietary technologies we are helping them to become 'Lite Access South America' in the micro-trenching industry. One of our core missions is to empower and continue supporting our valued partners with the ability to successfully bid and complete micro-trenching projects."
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.
About TEASA and Tilsit
TEASA and Tilsit is a strategic partnership between two South American-based companies on a number of ventures and projects. TEASA, based out of Paraguay, is a large company with several divisions and performs construction. Uruguay-based Tilsit is integral in making connections, having extensive contacts throughout Central and South America
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: 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