VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 15, 2016) - LITE ACCESS TECHNOLOGIES INC. (the "Company") (TSX VENTURE:LTE)(OTC PINK:LTCCF), a total integrated fibre optic solutions provider, announced today that it has been awarded a contract in the amount of $653,275 for the supply and installation of a fibre optic network build for the Township of Langley, British Columbia. Using Lite Access' proprietary micro-trench and air blown fibre optic technologies will enable connectivity to several Municipal buildings in the most future proof, non-disruptive and cost effective fibre manner possible.
Over the past few years, Lite Access has a built a strong working relationship with the Township of Langley as part of its Municipal Fibre Optic Network Expansion. The Company completed a 9.65km fibre optic network for Langley (see press release dated June 10, 2015) and this latest project will focus on providing and installing fibre optic cable and conduit along with vaults, splice cases, terminations from the Township of Langley Civic Centre to Fire Hall #4 and then to the Langley Event Centre. Work performed includes the supply and installation of conduits, fibre cable, pull boxes, splice boxes, interior conduits and fibre, transition panels, terminations panels, testing and all other appurtenances to complete the work.
"The Township of Langley is proactively building a cost effective and future proof fibre optic infrastructure and we are extremely pleased to continue working together with them in providing our full suite of fibre connectivity solutions," stated Mike Plotnikoff, CEO of Lite Access. "We have enjoyed a long-standing relationship working with Langley and the Township's commitment to providing an affordable vital communications system that can deliver broadband speeds. We anticipate further business from our valued client as the Township of Langley extends its municipal fibre optic network."
The Township of Langley like many other communities throughout much of North America are proactively building infrastructure to help offset the high cost of current service provider connectivity. Due to the high costs associated with traditional fibre builds and high monthly costs for individual connections, cities and communities are actively seeking alternative technologies and deployment options that will enable connectivity in the most cost effective and timely manner possible. Lite Access Technologies has been working with numerous communities and cities to provide a proven solution that is being adopted throughout much of North America, South America as well as International. Specializing in microduct and air blown fibre technologies and deployed using specially designed micro-trench and alternative installation methodologies, Lite Access has successfully changed the way fibre optic connectivity is achieved today.
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
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.