VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 7, 2016) - LITE ACCESS TECHNOLOGIES INC. (the "Company") (CSE:LTE)(OTC PINK:LTCCF), a total integrated fibre optic solutions provider, is pleased to announce that it is opening a new operations office in the United Kingdom to support and accelerate its growth.
After conducting market research and engaging in numerous discussions and meetings with local Service Providers and other entities within the UK, the Company has identified significant demand and opportunity in the UK to take advantage of Lite Access' leading air blown fibre and micro-trench deployment solutions.
Led by Lite Access Chief Operating Officer, Dylan Griffiths, "Lite Access - UK" will be based in Wales, focusing its operations on delivering a totally integrated fibre solution consisting of proven and widely accepted air blown fibre technologies deployed in the most cost effective, least disruptive and environmentally friendly method available today, namely micro-trenching. A former British Telecommunications Engineer with more than 25 years of fibre optic experience, Dylan has established a track record of securing long-term relationships with telecoms, ISPs and municipalities, and of successfully establishing construction teams that strive to be innovative and professional in their approach to fibre network implementation.
Mr. Griffiths stated, "With companies in the UK such as Virgin Media and others making unprecedented investment into fibre deployment, Lite Access - UK will be in the enviable position of bringing a new and highly advantageous deployment methodology to a market with tremendous potential. The many long-term relationships we have in place at senior levels of the telecom industry in the UK will prove vital to our goal of further establishing Lite Access as the micro-trench deployment solution of choice worldwide."
About Broadband in the UK
The UK Government has been on a mission to bring broadband to every home and business. The importance of a strong, affordable internet connection in the UK has been put on similar footing as other basic services such as water, electricity and the right to receive a letter - to that end, the objective has been set of superfast speeds being available to 95% of homes and businesses by the end of 2017.
Fibre to the Premise (FTTX) and Fibre to the Home (FTTH), sometimes referred to as "the last mile," is the delivery of a communications signal over optical fibre from the operator's switching equipment all the way to a home or business, thereby replacing existing copper infrastructure such as telephone wires or coaxial cable. FTTX is a rapidly growing method of providing vastly higher bandwidth to consumers and businesses, and thereby enabling more robust video, internet and voice services.
Billions of dollars are being spent to upgrade communications systems and the demand for the Fibre-Optic cable manufacturing and deployment industry has surged as downstream customers upgrade infrastructure that was delayed during the recession. Wireless carriers are expanding their fiber-optic cable networks as more carriers upgrade their networks and consumers increasingly demand high-speed internet on their mobile phones, necessitating more fiber-optic cable purchases.
Communications Internet speed (or lack of) has been described by some industry experts as the single greatest economic issue facing North America today, and an ever increasing demand for bandwidth caused by streaming video and music services, smartphone usage, and consumers and businesses using cloud based and real time communication services has created a surge in investment into last mile infrastructure by internet service providers, businesses, government and educational institutions. The Fiber to the Home Council Americas states that, "Fiber-enabled applications and solutions have the potential to create value for service providers and their customers, promote economic development and enhance quality of life for communities."
About Lite Access
Lite Access is a world leader in microduct and fibre optic technologies. Using its specially designed and innovative micro-trench and micro-drill 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: risks and uncertainties described in the Company's 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, 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.