VANCOUVER, BC, Oct. 3, 2022
/CNW/ - LITE ACCESS TECHNOLOGIES INC. ("Lite Access")
(TSXV: LTE) (OTC: LTCCF) a world leader in the fibre optic products
and advanced installation methodologies, is pleased to announce
that the Ktunaxa Nation Council ('KNC') has awarded the second
phase of a Fibre-to-the-Home (FTTH) construction project to the
Company, valued at approximately $805,000.
The Company was awarded the first phase of a Fibre-to-the-Home
(FTTH) construction project at the First Nation community
ʔakisq̓nuk by the Ktunaxa Nation Council in Cranbrook, British Columbia last year (see
press release dated September 15,
2021) for the design assist, supply and installation of the
fibre build connecting all ʔakisq̓nuk community band office, health
centre, recreation centre and service drops for all the homes and
lots on subdivision road.
After successfully completing phase 1, Lite Access will continue
with the construction project to include an additional 17kms of an
in-ground backbone network, multiple highway road crossings,
connectivity to a wireless tower via aerial as well as the
installation of additional 37 service drops to the ʔakisq̓nuk First
Nations homes.
Mike Plotnikoff, CEO of Lite
Access, stated, "The award of this additional phase of the project
is a testament to the ongoing relationship between Lite Access and
the Ktunaxa Nation Council. We are extremely pleased to have
been selected for this next phase, continuing what we started, and
ensuring a robust project delivery for the Ktunaxa Nation Council
and ʔakisq̓nuk. All of us at Lite Access look forward to a
continued relationship with Ktunaxa Nation Council and ʔakisq̓nuk
as we advance this critical project."
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