VANCOUVER, BC,
June 16,
2022 /CNW/ - LITE ACCESS TECHNOLOGIES INC.
(the "Company") (TSXV: LTE)(OTC: LTCCF), a world leader in
the fibre optic products and advanced installation methodologies,
is pleased to announce that it has been awarded two projects for
the supply and installation of fibre optic cable in the
Comox Valley on Vancouver Island,
BC.
British
Columbia
The first project involves the supply and installation of fibre
optic cable from the Water Treatment Plant to the Comox Valley
Waste Management Centre (CVWMC). The second project includes the
supply and installation of fibre optic cable from the West
Courtenay Reservoir to the Comox Valley Regional District (CVRD)
main office located at Harmston Avenue. The Company will
utilize its innovative and proven deployment methodologies for
constructing the network, designed to cause the least amount of
disruption and minimize disturbance.
Both projects are scheduled to begin this month. The total
contract value for both projects is $1,076,245.
Michael Plotnikoff, Interim CEO
of Lite Access, stated, "We are very proud to continue working in
Comox and have the CVRD's trust
for these important projects enabling broadband connectivity to
critical buildings encompassing these projects. We remain
focused on solid execution and completing projects on time and on
budget. Mr. Plotnikoff added, "We have been and continue to
be active in the bidding process for many construction projects in
cities and municipalities as well as large service providers in
Western Canada. We are extremely excited to see our resolve
and hard work starting to bear fruit."
About Lite Access
Lite Access Technologies Inc. is a world leader in the use of
innovative and proven micro/narrow trenching technologies,
alternate methods of deployment and specialist products which
transform the cost the network deployment for telecommunications
operators.
As part of its suite of services Lite Access provides clients
with integrated solutions or select components for the design and
implementation of fibre optic networks. Lite Access' products
have been deployed in many high-profile communication networks
including Olympic facilities, military and government, numerous
communities throughout the United
Kingdom, the USA and
Canada as well as global
telecommunications companies that have adopted Lite Access as the
"solution of choice" for the least invasive, most cost effective
and future-proof fibre optic connectivity available.
Lite Access' installation technology and proprietary products
extend a network provider's ability to deliver true broadband
connectivity directly to end-users, such as homes, businesses,
government and educational institutions, and emergency response
facilities. Lite Access remains flexible and innovative in its
commitment to provide global clients and partners with the most
cost effective and proven fibre connectivity solutions
available.
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 Lite Access's most recent Management Discussion &
Analysis (MD&A) for the financial year ended September 30, 2021 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, Lite Access 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.
SOURCE Lite Access Technologies Inc