VANCOUVER, May 28, 2020 /CNW/ - LITE ACCESS TECHNOLOGIES
INC. (the "Company") (TSX VENTURE: LTE) (OTC PINK:
LTCCF), 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 of
fibre optic network deployment for telecommunications operators, is
pleased to announce that it has been awarded a design and build
contract for Clearwater County, Alberta, worth approximately $1 million.
The scope of work is to design and construct a fibre-optic
backbone that will include a roughly 13km fibre segment from the
Supernet POP in Rocky Mountain
House and extending to Ferrier Acres. Lite Access will
bring the full suite of its tools to the project for the
fibre-optic backbone build that will support the implementation of
a high-speed, reliable network to meet the needs of the
County. This project is in support of the Connect to Innovate
(CTI) federal grant to provide internet services in the Ferrier
Acres region and is to be completed prior to April 2021.
Carlo Shimoon, President &
CEO of Lite Access, stated, "We are delighted that Clearwater
County has awarded Lite Access this key project to help bridge the
digital divide by providing broadband service delivery to the
Ferrier Acres region. We look forward to working with
Clearwater and playing a role in
shaping the growth and sustainability of the county's community,
households, and businesses by building vital infrastructure."
The Connect to Innovate (CTI) program will invest
$500 million by 2021, to bring high-speed internet to
300 rural and remote communities in Canada to ensure that
they are well-positioned to take advantage of the opportunities
afforded by the digital age. Building this infrastructure is
the modern equivalent of building roads or railway spurs into rural
and remote areas, connecting them to the global economy. The
program supports new and upgraded backbone and last-mile
infrastructure projects in rural and remote communities across
Canada to ensure that
the country is drawing on the strengths of all Canadians to
drive innovation, growth, and the creation of new jobs.
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: and risks and uncertainties
described in Lite Access's most recent Management Discussion &
Analysis (MD&A) for the period ended December 31, 2019 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