Lite Access Announces 18 Kilometer Product Order From Peruvian-Based Partner and Management Changes
April 27, 2016 – Vancouver, British Columbia. LITE ACCESS TECHNOLOGIES INC. (the “Company”) (CSE: LTE, Pink Sheets: LTCCF) is pleased to announce that it has received a new purchase order for the supply of its microduct and fiber optic components from Peruvian-based value-added reseller (VAR), MG Trading, for a project totaling 18 kilometers.
Mike Plotnikoff, CEO of Lite Access states, “Lite Access has had a presence in Peru since our initial 500 meter project in 2013, and with the success of that build, the scale of the projects we are receiving has grown substantially to the 18 kilometer product order we see today. We look forward to developing new and larger opportunities with MG Trading as together we continue to validate that Lite Access solutions are not only best-in-class, but embraced and deployed on a global basis.”
The Company also wishes to announce that effective immediately Mike Plotnikoff will be assuming the role of Chief Executive Officer, and Mr. Michael Priest will assume the new role of Chief Commercial Officer with a focus on the commercial strategy including marketing, sales and the development of the organization.
About MG Trading
MG Trading offers the best solutions for the industrial sector, including the deployment of radio communication systems, solutions for data, voice and image with a high level of security and complete systems automation.
For additional information, please visit: www.mg.com.pe/soluciones-fibra-optica.htm
Fibre to the Premise (FTTX) and Fibre to the Home (FTTH), sometimes referred to as “the last mile”, is the delivery of a communications signal over optical fibre from the operator’s switching equipment all the way to a home or business, thereby replacing existing copper infrastructure such as telephone wires or coaxial cable. FTTX is a rapidly growing method of providing vastly higher bandwidth to consumers and businesses, and thereby enabling more robust video, internet and voice services.
Billions of dollars are being spent to upgrade communications systems and the demand for the Fibre-Optic cable manufacturing and deployment industry has surged as downstream customers upgrade infrastructure that was delayed during the recession. Wireless carriers are expanding their fiber-optic cable networks as more carriers upgrade their networks and consumers increasingly demand high-speed internet on their mobile phones, necessitating more fiber-optic cable purchases.
Communications Internet speed (or lack of) has been described by some industry experts as the single greatest economic issue facing North America today, and an ever increasing demand for bandwidth caused by streaming video and music services, smartphone usage, and consumers and businesses using cloud based and real time communication services has created a surge in investment into last mile infrastructure by internet service providers, businesses, government and educational institutions. The Fiber to the Home Council Americas states that “Fiber-enabled applications and solutions have the potential to create value for service providers and their customers, promote economic development and enhance quality of life for communities”.
About Lite Access
Lite Access is a world leader in Microduct and fibre optic technologies. Using its specially designed and innovative micro-trench and micro-drill methods of deployment, Lite Access’ proprietary Microduct technology extends a network provider’s ability to deliver true broadband connectivity directly to end-users, such as homes, government and educational institutions, and emergency response facilities. Providing a full portfolio of fibre connectivity solutions for many types of Telecom infrastructure, Lite Access has successfully deployed thousands of kilometres of Microduct networks throughout North and South America, the United Kingdom, the Caribbean, Australia and Asia.
Lite Access’ products have been deployed in many high profile communication networks including the Whistler 2010 Winter Olympic facilities, builds within the State of New York including Central Park, the Las Vegas strip and surrounding areas of Nevada, fibre to the home at Stanford University and numerous other locations around the globe that have adopted Lite Access as the “solution of choice” for future proof fibre optic connectivity.
For further information please contact:
Lite Access Technologies Inc.
1115-1215 6900 Graybar Rd.
Richmond, BC V6W 0A5
For investor relations please contact:
Contact Financial Corp.
1450 – 701 West Georgia St.
Vancouver, BC V7Y 1G5
View the PDF below:Next >>