VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 13, 2016) - LITE ACCESS TECHNOLOGIES INC. (the "Company") (CSE:LTE)(CSE:LTE.CN)(OTC PINK:LTCCF), an integrated fibre optic solutions provider, is pleased to advise that its common shares will be listed on the TSX Venture Exchange effective December 14, 2016. The Company will be listed as a Tier 1 Industrial Issuer under the stock symbol "LTE". Effective the close of trading on December 13, 2016, the Company will delist its common shares from the Canadian Securities Exchange.
"This is another significant milestone in the development of our company and marks an important step as we accelerate deployment of our fibre optic connectivity solutions, including our innovative micro-trench installation methodologies and proprietary Microduct and air-blown fibre technologies," said Mike Plotnikoff, CEO of Lite Access Technologies. "The TSX Venture Exchange is one of the world's leading public venture markets for fast growing public technology companies and we see this listing enabling the Company to add value for its shareholders, increase liquidity for its shares and increase access to capital markets."
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 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, builds within the state of New York including Central Park, the Las Vegas strip and surrounding areas of Nevada, fibre to the home at Stanford University and numerous other locations around the globe that have adopted Lite Access as the "solution of choice" for future proof fibre optic connectivity.
Forward Looking Information
Information set forth in this news release contains forward-looking statements. These statements reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. The Company cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among other things: receipt of further purchase orders in South Africa and the risks and uncertainties described in the Company's Annual Listing Statement available on www.cnsx.ca. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.
The CSE has neither approved nor disapproved the information contained herein and does not accept responsibility for the adequacy or accuracy of this release.