Lite Access Technologies Announces New Partner in Sweden
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LITE ACCESS TECHNOLOGIES ANNOUNCES NEW PARTNER IN SWEDEN
February 4, 2016 – Vancouver, British Columbia. LITE ACCESS TECHNOLOGIES INC. (the “Company”) (CSE: LTE, Pink Sheets: LTCCF) is pleased to announce a new partnership with its first certified European installation and sales Partner, headquartered in the Vansbro Municipality in central Sweden, to cover the Swedish telecommunications market for the sale and installation of Lite Access microduct solutions.
Canoma AB, is a full-service telecom integration consultant specializing in Fibre to the Home (FTTH) and Fibre to the Business (FTTB), with over 15,000 FTTX connections successfully completed, an experienced team and an enviable track record of producing excellent work.
Mike Plotnikoff, CTO of Lite Access, states, “We are exceptionally pleased to have completed this new partnership arrangement with the professionals at Canoma, and look forward to working with them on the multitude of FTTH projects that are currently being planned in Sweden. Importantly, this marks the first European partnership for our growing company, and we will continue to diligently expand the Lite Access footprint in Europe by joining forces with additional high quality partners like Canoma.”
Information on the Swedish FTTH market
The number of fiber-to-the-home (FTTH) subscribers in the European region is set to more than double during the next five years as the pace of rollout picks up, according to a new report compiled for the FTTH Council Europe.
Sweden has a vast number of installed FTTH connections both in rural and suburban areas. There are estimated to be more than 1000 community broadband networks in Sweden, either under construction, completed or planning to expand, according to the Swedish Broadband Forum. The Swedish Government has decided that more than 90 % of the Swedish population are to be fibre connected, with a minimum capacity of 100 mbps, by 2020.
The ‘fibre to the village’ concept, which began around six years ago, is one of the main factors behind the dramatic increase in the number of community-owned fibre networks in Sweden. Started by the Swedish Urban Network Association (SSNf) together with the Federation of Swedish Farmers (LRF), the project encourages community groups to ‘take up a spade’ and dig their own fibre networks.
Stokab, Stockholm’s city-owned network company, is the owner of one of the largest dark fiber city networks in Europe. Stokab is also making new efforts in the area of intelligent network design to cut construction costs and eliminate the need to dig up streets and sidewalks to connect building properties one by one.
Some of the biggest scale projects are now built in Stockholm, where housing corporations use micro duct to blow cable and fiber to connect tenants. In Stockholm, housing corporations will connect more than 100,000 apartments over the coming years forming the world’s largest Open Fiber To The Home network.
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 – 1125 6900 Graybar Rd.
Richmond, BC V6W 0A5
For investor relations please contact:
Contact Financial Corp.
1450 – 701 West Georgia St.
Vancouver, BC V7Y 1G5
Forward Looking Information
Information set forth in this news release contains forward-looking statements. These statements reflect management’s current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. The Company cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company’s control. Such factors include, among other things: risks and uncertainties described in the Company’s Listing Statement dated May 26, 2015 available on www.cnsx.ca. Accordingly, actual and future events, conditions and results may differ materially form the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.
The CSE has neither approved nor disapproved the information contained herein and does not accept responsibility for the adequacy or accuracy of this release.Next >>