Lite Access Technologies Inc.
CNSX : LTE
OTC PINK : LTCCF

Lite Access Technologies Inc.

November 02, 2015 10:01 ET

Lite Access Technologies Awarded Fibre Optic Deployment Contract Worth Over $7,000,000

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 2, 2015) - LITE ACCESS TECHNOLOGIES INC. ("Lite Access") (CSE:LTE)(OTC PINK:LTCCF) is pleased to announce that it has been awarded a contract in the amount of $7,091,485 for the supply and installation of a fibre optic network for the GwaiiTel Society (GwaiiTel) in Haida Gwaii, British Columbia. This is the largest contract in Lite Access' history.

The project will consist of the supply and construction of a 107 kilometre fibre optic network beginning near Old Masset, BC and connecting to Skidegate, BC. The feeder fibre network will be connected to five existing GwaiiTel Points Of Presence (POP's) in Old Massett, Masset, Port Clements, Tlell and Skidegate. Lite Access and its wholly owned subsidiary DSG Communications have been awarded this latest project to provide the most future proof and cost effective fibre connectivity solution available.

Dylan Griffiths, Chief Executive Officer of DSG Communications states, "We are extremely pleased that the GwaiiTel Society has chosen Lite Access and DSG to provide their communities with a state-of-the-art fibre optic network. GwaiiTel is just the latest in a number of organizations that have recognized the advantage of our products and deployment techniques. We look forward to working together with the GwaiiTel Society to bring world-class fibre optic connectivity to the businesses and residents of Haida Gwaii."

Beginning with Waterton, AB - and including Vancouver, BC, Delta, BC, Langley, BC, Rossland, BC, US Virgin Island Water and Power Authority, the Telecommunication Services of Trinidad and Tobago and TELUS Corporation, this is the tenth announced contract awarded to Lite Access in the past five months, culminating in orders and bookings exceeding CDN$8.8 million. A massive investment cycle in fibre optic networks has emerged as traditional copper networks are being replaced. Lite Access has been working with numerous telecom companies, ISP's, and communities, providing the most timely, future-proof and cost-effective fibre connectivity solution available. Specializing in microduct and air-blown fibre technologies, and deployed using specially designed micro-trench technologies, Lite Access' proven solutions have been adopted worldwide and have successfully changed the way fibre connectivity is achieved today.

About Lite Access

Lite Access is a world leader in microduct and fibre optic technologies. 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, and Asia.

About GwaiiTel

GwaiiTel operates the Haida Gwaii Community Network, connecting the seven largest communities of Haida Gwaii. It serves as an aggregator and wholesale reseller of broadband Internet services for local ISPs or major business/institutional customers, and facilitates the development of such services for social and economic benefit of the communities and residents of Haida Gwaii.

The GwaiiTel Society is incorporated under the BC Societies Act and registered with the CRTC as a "non-dominant carrier" (telecommunications/phone company). It is jointly owned and operated by its members:

  • Village of Masset (incorporated)
  • Old Massett Village Band Council (First Nation)
  • Village of Port Clements (incorporated)
  • Community of Tlell (Skeena-Queen Charlotte Regional District Area D)
  • Skidegate Band Council (First Nation)
  • Village of Queen Charlotte (incorporated)
  • Community of Sandspit (Skeena-Queen Charlotte Regional District Area E / Moresby Island Management Committee).

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. Lite Access 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 Lite Access' control. Such factors include, among other things: risks and uncertainties described in Lite Access' Listing Statement dated May 26, 2015 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, Lite Access 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.

Contact Information