Lite Access Technologies Receives Microduct Order From Long Time Las Vegas, Nevada, Based Partner
LITE ACCESS TECHNOLOGIES RECEIVES MICRODUCT ORDER FROM LONG TIME LAS VEGAS, NEVADA, BASED PARTNER
February, 19, 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 Spectrum Services in Las Vegas, Nevada. This constitutes the 20th such sale in a successful business partnership between Lite Access and Spectrum Services that will provide connectivity to a Fiber to the Premises (FTTX) network with final connections to the existing competitive local exchange carrier’s fiber network.
Michael Priest, President of Lite Access stated, “We are very pleased to be working with the Spectrum Services team on another microduct and air blown fiber deployment. Our partnership has grown over the past five years to include multiple builds for various high profile clients including Extinet in the State of Nevada.” Mr. Priest further added, “We greatly appreciate the long-term relationships that we have built with Spectrum and other valued partners across the globe and look forward to providing them with the products and services they need to ensure that they can deliver the most future-proof and cost effective fiber optic network possible for their customers.”
Patrick O’Laughlin, Director of Construction for Spectrum Services, said, “Lite Access has provided us with the microduct technology so we can quickly connect our clients with fiber utilizing one of the most environmentally friendly and future proof solutions available.”
About the “Fibre to the Premise” and “Fibre to the Home” industry
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.
About Spectrum Services
Founded in 1994, Spectrum Services, Inc. has offices in Las Vegas, Nevada and Ontario, California. Spectrum is a well established firm providing a suite of development services ranging from real estate acquisition to design and construction services. Through our dedication to our clients and belief in our company ethos of providing prompt, uncompromising service, we have grown to become a leader in the development of wireless communication sites & infrastructure. We maintain a prominent role in the industry by our unparalleled service and through key involvement in the Nevada Wireless Association. www.Spectrumse.com
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
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 >>