Tag: Lite Access

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

VANCOUVERMarch 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 BerkshireBuckinghamshireCambridgeshireEssexHertfordshireGloucestershireKentLeicestershireLincolnshireNorthamptonshireOxfordshireRutland 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 DevonEssexGloucestershire, Herefordshire, NorthamptonshireSomerset 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 AmericaAfricaAustralia 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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Lite Access Signs Agreement with Carillion Telent to Support Openreach (BT) FTTP Rollout in Wales

VANCOUVERNov. 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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