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

Lite Access Technologies Inc.

August 18, 2016 08:30 ET

Lite Access Technologies Receives Certificate of Recognition and Provides Corporate Update

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 18, 2016) - LITE ACCESS TECHNOLOGIES INC. (the "Company") (CSE:LTE)(OTC Pink:LTCCF), a total integrated fibre optic solutions provider, is pleased to provide an update on the current operational activities of the Company and to announce that it has received Certificate of Recognition ("COR") certification for its safety program.

The Certificate of Recognition (COR) is a voluntary incentive program that recognizes companies who develop and implement health and safety and injury management systems that meet an industry standard. The program rewards employers who take a strategic approach to workplace safety and are committed to reducing both the human and financial costs of workplace injuries. The BC Construction Safety Alliance is the COR Certifying Partner for employers in the construction industry.

Mike Plotnikoff, CEO of Lite Access, stated, "Achieving Certificate of Recognition certification is a significant accomplishment and key differentiator for Lite Access. Most clients require their construction contractors to have a recognized safety program in place as a prequalification to bid on projects - being COR certified exceeds that requirement."

"Pursuing COR was an intensive endeavor that we remained dedicated to completing, and besides the obvious new business opportunities it opens up for us, it speaks to our commitment of providing a safe and rewarding work environment for our entire team," said Wade Wurzer, General Manager of Construction and Design at Lite Access.

Benefits of COR certification:

  • Many clients require their contractors to have a recognized safety program in place as a prequalification to bid on projects; COR meets that requirement Employers who achieve and maintain COR may be eligible to receive up to 15% in annual incentive payment from WorkSafeBC
  • Over time, with reduced injuries and lower claim costs, a COR company's experience-rated WorkSafeBC premiums will reflect additional savings
  • Makes a strong public statement about a company's commitment to protecting the well-being of workers and maintaining a culture of safety on jobsites

Corporate Updates:

Municipal Access Agreement Received

Lite Access has been granted a Municipal Access Agreement ("MAA") from the City of Vancouver, British Columbia. The MAA enables Lite Access to deploy fibre connectivity using micro-trench installation methodologies for clients that do not have the ability to own fibre optic or telecommunications services within the City.

Michael Priest, Chief Commercial Officer of Lite Access, stated, "This is an important step for Lite Access to serve clients that are not network operators today and supports the City's goal of expanding broadband access throughout the City of Vancouver.

Telecommunication Services of Trinidad and Tobago (TSTT)

The successful business partnership between Lite Access and valued partner TSTT continues to strengthen. Lite Access received another purchase order in the amount of approximately CDN$250,000 as TSTT increases their fibre optic deployments using Lite Access' best-in-class technology to meet the connectivity demands for their clients.

Novus Communications

Lite Access recently finished an additional build for its valued and long term partner Novus Communications in Vancouver, BC.

"We have worked with Lite Access successfully over the past few years and are continually impressed with their professionalism and ability to provide total integrated fibre optic solutions," said Brent Galpin, Construction Manager of Novus Communications.

Continued Network Builds and Expansion Projects in Western Canada and in the USA

Lite Access continues to support and assist with ongoing builds and expansion projects, highlights include:

  • Continued network builds within the interior of BC and into Alberta for our valued and long term partners
  • Ongoing network builds for Parks Canada, including additional connectivity for Waterton Parks, Alberta and Bar U Ranch located near Longview, Alberta
  • Ongoing product sales continue into New York, Massachusetts and New Hampshire for varied connectivity requirements ranging from distributed antenna system ("DAS") builds, Telco network expansions as well as Municipal Open Access Networks.

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 Bering Sea for the TV show "the Deadliest catch," 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.

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