LITE ACCESS AWARDED CONTRACT FROM CITYFIBRE VALUED AT APPROXIMATELY CAD$20 MILLION FOR FIBRE ROLLOUT TO OVER 28,000 HOMES IN LOWESTOFT, ENGLAND

October 23, 2019 – Vancouver, British Columbia. 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 CityFibre,
the UK’s leading alternative provider of wholesale full fibre infrastructure has awarded
the Company a contract for fibre-to-the premises (FTTP) installation to over 28,000
homes in Lowestoft, England. The contract is valued at approximately CAD$20 million
over 2 years.

 

CityFibre is the UK’s third national digital infrastructure platform and already has
existing networks in more than 50 towns and cities. As part of the UK government’s
ambition for national full fibre coverage by 2025, CityFibre is investing £2.5 billion in its
Gigabit City investment programme which aims to reach more than five million homes,
over 20% of the UK market, by the end of 2025. Lowestoft is one of 14 Gigabit City
projects recently announced as part of a second phase of rollouts, extending CityFibre’s
reach to over two million homes across 26 towns and cities. CityFibre has commenced
detailed network design and Lite Access has been selected as its network construction
partner.

 

Charles Kitchin, City Manager at CityFibre said: “We are accelerating into our build
programme, offering a real, sustainable and compelling alternative for the construction
supply chain in telecoms. Finding the right construction partners to rollout our full fibre
network is one of the key elements of making a success of our Gigabit City programme.”

 

“In Lite Access we believe we have found a partner that has the right blend of
experience and expertise to bring most residents, businesses and public services in the
Lowestoft within reach of gigabit-capable broadband services.”

 

Carlo Shimoon, President & CEO of Lite Access, stated, “We are extremely pleased to
have secured this substantial contract with CityFibre. We are absolutely thrilled that
CityFibre has chosen us to be a provider on this very important fibre buildout to
transform the UK’s digital infrastructure. We look forward to further demonstrating our
technology and construction services capabilities on this project and, if we are
successful in meeting KPIs, we expect this to be the first of many more major fibre
infrastructure builds across towns and cities throughout the UK as our partnership
progresses.” Mr. Shimoon concluded, “Importantly, among the main reasons for
delayed rollouts in the UK and one of the biggest challenges facing the country’s digital
transformation being lack of contractor capacity and slow deployment by contractors,
Lite Access has found itself in the right place, at the right time, with the right solutions.”

 

About CityFibre
CityFibre is the UK’s leading alternative provider of wholesale full fibre infrastructure.
With existing networks in more than 50 towns and cities, CityFibre provides wholesale
connectivity to business and consumer service providers, local authorities and mobile
operators.

 

Underpinned by a £2.5bn investment programme, CityFibre has network rollouts
underway targeting at least 20% of the UK market by 2025. This will deliver a new
generation of Gigabit-capable full fibre infrastructure to five million homes and
businesses. A growing number of Gigabit City projects have been announced for full-city
rollouts and CityFibre continues to prime its existing network assets for expansion.

 

CityFibre is based in London and is jointly controlled by Antin Infrastructure Partners
and West Street Infrastructure Partners.

 

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.

 

Issued on behalf of CityFibre by Weber Shandwick. For more information or images,
contact: Dyan Owen at dowen@webershandwick.com or 07738 086 818.

 

For further information please contact:
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

 

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 CityFibre, and risks and uncertainties described in Lite Access’s most recent Management Discussion & Analysis (MD&A) for the period ended June 30, 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.

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