Category: Contracts

Lite Access Awarded Rural Fibre Optic Deployment Contract from Gigaclear for West Oxfordshire, United Kingdom

Lite Access Awarded Rural Fibre Optic Deployment Contract from Gigaclear for West Oxfordshire, United Kingdom

VANCOUVER, March 23, 2018 /PRNewswire/ — LITE ACCESS TECHNOLOGIES INC. (the “Company”) (TSX VENTURE: LTE) (OTC PINK: LTCCF) is pleased to announce that Gigaclear plc (“Gigaclear”) has awarded the Company a rural fibre optic deployment contract to bring ultrafast, full fibre broadband to up to 10,000 homes in West Oxfordshire, United Kingdom. The total expected value of this award is upwards of $29,000,000 with completion of the works anticipated by the end of 2019.

 

Carlo Shimoon, CEO of Lite Access, stated, “This is a watershed moment for our Company and validates the premium quality of our work and ramp up in the UK over the past year. Our cutting-edge fibre deployment technologies are ideally suited for this rural environment and we expect to expand our strategic relationship with Gigaclear in support of their growing rural fibre coverage. We could not be more excited about this first, of what we expect will be many, opportunities. We are pleased with the direction the Company is heading, our growth potential, and ensuring that we remain a world leader in this industry to unlock the full fibre future in the UK and elsewhere.”

About Gigaclear

Gigaclear is dedicated to building and operating ultrafast, pure Fibre-to-the-Premises broadband networks in rural Britain. It offers Gigabit services to over 60,000 homes and businesses to date across Berkshire, Buckinghamshire, Cambridgeshire, Essex, Hertfordshire, Gloucestershire, Kent, Leicestershire, Lincolnshire, Northamptonshire, Oxfordshire, Rutland and Worcestershire. Gigaclear builds networks using commercial investment but it has also been awarded contracts in 2017 as part of the Government subsidised BDUK rural broadband programme in Devon, Essex, Gloucestershire, Herefordshire, Northamptonshire, Somerset and Wiltshire. For more information, refer to Gigaclear’s website: https://www.gigaclear.com/

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. Lite Access has successfully deployed or enabled deployment of thousands of kilometres of broadband networks throughout North America and the United Kingdom as well as South America, Africa, Australia and Asia.

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: the projected value of the contract award from Gigaclear, and risks and uncertainties described in Lite Access’s most recent Management Discussion & Analysis (MD&A) for the period ended December 31, 2017 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.

Lite Access Technologies Inc.: Carlo Shimoon, CEO, Phone: 1-604-247-4704, Unit 5 – 20678 Duncan Way, Langley, BC V3A 7A3, www.liteaccess.com; For investor relations please contact: Rob Gamley, Phone: 1-604-689-7422, Email: rob@contactfinancial.com, Contact Financial Corp., 810 – 609 Granville St., Vancouver, BC V7Y 1G5

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Brisio Innovations to Acquire NameSilo, LLC, Plans to List as a Separate Public Company

Brisio Innovations to Acquire NameSilo, LLC, Plans to List as a Separate Public Company

Vancouver, British Columbia–(Newsfile Corp. – March 7, 2018) – Brisio Innovations Inc. (CSE: BZI) (OTC Pink: NTCEF) (the “Company“) is pleased to announce that it has signed a definitive share purchase agreement (the “Definitive Agreement”) with NameSilo, LLC (“NameSilo”) whereby the Company has agreed to acquire all of the issued and outstanding securities of NameSilo (the “Transaction”).

With a priority of no interruption to existing customers or NameSilo’s growth trajectory, the Transaction will not impact the existing operations of NameSilo and the founders, who are also the owner/operators of NameSilo and who will continue in their current roles and continue operating the business. Further, there are no planned changes to the system infrastructure or operational policies of the business.

NameSilo is a low-cost provider of domain name registration and management services, and is an ICANN-accredited registrar. NameSilo is a high growth registrar with nearly 1.5 million domains under management, and over 85,000 customers from approximately 160 countries. According to RegistrarOwl.com, which provides domain registrar industry statistics from ICANN, NameSilo is the 6th-fastest growing registrar in the world based on percentage growth of new registrations, and 6th-fastest growing registrar in the world when based on net new registrations, behind household names such as Google, GoDaddy and Alibaba.

“We are excited to enter this new phase of the NameSilo journey,” said Michael Goldfarb, founder and Managing Member of NameSilo. “We couldn’t be happier to find a partner with a track record of success like Brisio, and we look forward to working with them to build upon the success of NameSilo. Our customers and partners will continue to receive the same excellent service they are accustomed to and they will enjoy the benefits of access to additional resources that will be made available.”

NameSilo recorded approximately US$11.1 million in annual recurring billings in 2017 up from US$6.9 million in 2016. It has grown its domain names under management from approximately 745,000 domains at the beginning of 2017 to over 1.35 million today, a growth rate of over 65% versus industry averages of approximately 7%. Additionally, NameSilo maintains a customer retention rate of approximately 87%.

Under the terms of the Definitive Agreement, the Company will acquire all of the securities of NameSilo and, in consideration of which, the Company will pay a total of US$9,511,500 (the “Purchase Price”) to the members of NameSilo (the “NameSilo Members”). The closing of the Transaction is anticipated to be July 2, 2018.

Further, NameSilo Members will be entitled to certain earnout payments provided that the business achieves a specified EBITDA. All earnout payments will be made no later than August 15, 2018 and will be payable in cash and shares.

After completion of the Transaction, the Company intends to spin-out NameSilo as a separately listed entity on a Canadian stock exchange. The board of directors of the Company will provide further details on the proposed spin-out on closing of the Transaction.

CEO Paul Andreola states, “We are extremely pleased to have found a world class company that meets our criteria of high growth, profitability, high customer retention and customer satisfaction. We look forward to working with the NameSilo team to continue to build the brand and provide their customers outstanding value and service and to meet their ongoing needs.”

The Transaction is subject to customary conditions contained in the Definitive Agreement as well as approval of the stock exchange, and the Company completing sufficient financing to satisfy the Purchase Price. If the Company is unable to close the transaction, the Company will be required to pay a break fee to NameSilo.

 

 

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Renoworks Announces New Interior Moulding Enterprise Customer in Australia and Expands Sales Team to Support Growth

Renoworks Announces New Interior Moulding Enterprise Customer in Australia and Expands Sales Team to Support Growth

Renoworks creates designer solution for new product category
Renoworks well positioned for further growth with experienced sales team in-place   

CALGARY, Dec. 11, 2017 /CNW/ – Renoworks Software Inc. (TSXV: RW)(PINK SHEETS: RWOKF)(“Renoworks” or the “Company”), the leading visualizer for the home remodeling and construction industry, is pleased to announce it recently added an Australian-based interior moulding manufacturer to its platform.

Interior trim and moulding represents an exciting new product category for the Company as it works with additional manufacturers to bring visual solutions to the market and expand its product offerings.  The Australian-based company manufacturers and supplies specialized mouldings and architectural building products to all areas of the construction industry.  This manufacturer becomes the third enterprise customer on Renoworks’ platform to be based out of Australia.

“Renoworks continues to provide cost-effective solutions and expand its offerings into new categories,” said Doug Vickerson, CEO of Renoworks.  “With over a million unique users a year on our platform, our partners and customers are seeing the benefit of working with us.”

Mr. Vickerson continued, “Interestingly, the addition of another manufacturer outside our current North America focus illustrates the global potential as we continue to expand our industry reach.  In North America alone, there is a sizeable market segment with approximately 5,000 building products manufacturers and we’ve only begun to scratch the surface.”

The Company is also pleased to report that it has completed the expansion of its sales team to support its strategic growth.  The new hires bring substantial experience and will complement the existing sales team and drive the sales initiatives for the Company’s multiple business units across all its applications.

Mr. Vickerson said of the hiring, “In response to the increasing demand in all of our business units we have once again expanded our sales team.  We now have all the components in-place both from a sales and operational standpoint to capitalize on our current momentum and position our Company for significant sales growth for 2018 and beyond.”

For over 18 years, Renoworks has offered building product manufacturers various digital marketing and sales solutions that showcase their products in a realistic, true-to-life manner.    By utilizing the Renoworks digital visualization platform, manufacturers of exterior and interior building products benefit from increased interactive engagement through web sites and mobile devices., resulting in an increased number of homeowner leads, better understanding of specific homeowner interests, and a rich compilation of user data they receive using the Renoworks platform.  For more information on Renoworks solutions, visit the Company’s website at http://renoworks.com/our-work/.

 

Newswire: Renoworks Announces New Interior Moulding Enterprise Customer in Australia and Expands Sales Team to Support Growth

Lite Access Signs Agreement with Carillion Telent to Support Openreach (BT) FTTP Rollout in Wales

VANCOUVER, Nov. 14, 2017 /PRNewswire/ – LITE ACCESS TECHNOLOGIES INC. (the “Company”) (TSX VENTURE: LTE)(OTC PINK: LTCCF), a world leader in fibre optic products and advanced installation methodologies, is pleased to announce that it has signed a contract with Carillion telent to help support and deliver Openreach Superfast Cymru fibre rollout in Wales. Openreach is a functional division of telecommunications company BT Group (“BT”) and services, supports and maintains the wiring, fibres, and connections which link millions of homes and businesses throughout the UK to their communication providers’ networks.

Carillion telent is one of the United Kingdom’s leading network installation businesses and Openreach’s main delivery partner for the management, maintenance and upgrading of BT’s fibre broadband network. Carillion is dedicated to providing and transforming the way support is delivered to Openreach and has been engaging directly with the sub contractors who provide the service to carry out the civils work. Carillion telent has rationalised Openreach’s supply chain, from five regional suppliers to Carillion telent as the single national service provider.

Following Lite Access’ successful involvement and proven ability to meet and exceed project requirements on a fibre-to-the-premises (FTTP) network installation project for a major UK telecom service provider in Wrexham (see press release dated October 19, 2017), the Company was asked to ramp up and provide additional teams to carry out similar works for Carillion telent working on behalf of Openreach. The scope of work primarily encompasses Lite Access’ innovative FTTP installation as part of Carillion telent’s £1.5 billion engineer deal with Openreach (BT) for England and Wales announced in February 2017 and will also allow Lite Access to diversify into and demonstrate the Company’s expertise in all aspects of telecoms work activities.

“We look forward to working with Carillion telent to support Openreach in delivering its objectives for further enhancing the services it provides for its customers,” stated Mike Plotnikoff, CEO of Lite Access. “The UK is a critical market for Lite Access and our strategic partnership with Carillion telent is a transformational event for our Company.”

Mr. Plotnikoff continued, “This is further affirmation of our operational accomplishments with yet another prime contractor in the UK harnessing our world leading fibre installation methodologies. We have just scratched the surface of the opportunity in the UK and I’m confident in our market leading technology to successfully unlock the next chapter of growth for Lite Access.”

 

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Home Hardware Expands Pioneering’s SmartBurner Offering to Meet Growing Consumer Demand in Canada

MISSISSAUGA, ONTARIO–(Marketwired – Nov. 2, 2017) – Pioneering Technology Corp. (TSX VENTURE:PTE)(OTC PINK:PTEFF), (“Pioneering”), North America’s leader in cooking fire prevention technology and products is pleased to announce that Home Hardware has expanded its SmartBurner offering by adding a new product SKU to its current offering. This additional listing will help meet the increased consumer demand for this important cooking fire prevention product. The new SmartBurner SKU will now be available at Home Hardware’s 1,100 retail stores and building centers across Canada.

SmartBurner was originally listed with Home Hardware in November 2014. As awareness for this innovative, one of a kind solution, has increased so too has consumer demand resulting in significant sales growth and ordering patterns, which has prompted this expansion of Home Hardware’s SmartBurner product offering.

Pioneering CEO Kevin Callahan said of the announcement: “We are very happy with the SmartBurner’s growing sales performance at Home Hardware and even happier to announce that with this expanded product offering we can better meet the growing demand from Canadian homeowners. By providing consumers with what they need, when they need it, we can really help people protect themselves and their property from the number one cause of home fires – cooking.”

Cooking is the leading cause of home fires and home-fire injuries. Pioneering’s SmartBurner with its patented temperature limiting control (TLC) technology helps prevent cooking fires before they start. This technology has been installed on over 250,000 multi-residential stoves and cooktops throughout North America, and counting, without a single reported cooking fire.

Callahan went on to say, “This is very good news and Home Hardware has been a great learning and proving ground as we now begin looking at future expansion to consumer retail in the United States”.

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Renoworks Brings Leading Visualization Technology to Several Top 20 US Homebuilders Using Renoworks SDK™

Renoworks SDK™ facilitates new market segment in the new home construction industry

CALGARY, Oct. 3, 2017 /CNW/ – Renoworks Software Inc. (TSXV: RW)(PINK SHEETS: RWOKF)(“Renoworks” or the “Company”), a leading provider of digital home imaging software and web solutions for new home construction and home renovation markets, is pleased to announce the adoption of its leading visualization platform with several top US Homebuilders.  Renoworks SDKTM is a Software-Development-Kit (SDK) allowing technology companies, digital marketing agencies and other partners servicing the home remodeling and builder markets to create rich, interactive applications using the Renoworks visualization platform.

“We are very pleased with the success of our leading visualization technology platform with several of the nation’s largest homebuilders,” stated Doug Vickerson, CEO of Renoworks.  “The introduction of our technology beyond our traditional remodeling clients into the homebuilder segment is one of our Company’s key strategic growth imperatives.  Growing demand from homebuilders offers an exceptional opportunity for us to rapidly penetrate this untapped market and grow revenue through building a significant presence in the new home construction industry.”

“This is significant for Renoworks in that it also positively boosts two of our other key business units;  Design Services and Enterprise,” Vickerson further stated. “Our SDKTM technology partners utilize our growing team of Design Service professionals to prepare room scenes for builders. For our Enterprise business, more manufacturers continue to see the benefit in having digital product libraries on the Renoworks platform because of the increased exposure.  There is definitely a need in the new home construction industry to make design option decisions easier for the homeowner and the Renoworks Platform allows for just that.”  “We are excited about the new home construction industry as it is showing positive growth signs that Renoworks is taking advantage of,” Vickerson concluded.

In the new home construction industry, single-family construction is on the increase. Housing markets continued to strengthen in 2017, with new and existing home sales, prices and construction levels on the rise.  Single-family construction continued to pick up pace over the past year, with total starts ticking up from 1.11 million units in 2015 to 1.17 million units in 2016 and for the first time since 2005, single-family construction drove last year’s growth, increasing 9.4% to 781,600 units.  Despite these gains, single-family construction, traditionally the largest source of residential investment remains well below historical levels.  Key housing market indicators remained largely positive in 2016 through to 2017.  For example, with permitting increasing in 70 of the nation’s 100 largest metro markets last year, the overall trends are generally positive and the outlook for housing construction activity is encouraging.1

1Source:
The State of the Nation’s Housing 2017, Joint Center for Housing Studies of Harvard University, online: Harvard Ichs State of the nations housing 2017

 

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