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Lite Access Technologies Inc V.LTE

Lite Access Technologies Inc. provides fiber optic products and advanced installation methodologies. The Company offers integrated solutions for all types of telecom requirements. Beginning with a comprehensive project analysis to engineering, design and permitting, it offers a full complement of aerial and underground construction methodologies, including splicing, testing and maintenance. The Company's segments include product sales and fiber optic installations, based on the type of products sold and services provided. Its products include Direct Bury, Aerial Micro-Duct and Fiber Optic Mini-Cables. Its additional products also include fiber-optic cable, aerial micro-duct, low fire hazard micro-ducts, connectors and sundries. Its items include a cutting head, Shark Blades and the LiteXtend solution. Its end-users include homes, businesses, government and educational institutions, and emergency response facilities. It also offers breeze cable blowing machine and cutting equipment.


TSXV:LTE - Post by User

Comment by Accountant777on Sep 30, 2020 4:06pm
69 Views
Post# 31643572

RE:RE:RE:RE:We need some news !

RE:RE:RE:RE:We need some news ! Yeah, the potential for 500 employees was mentioned at the annual meeting. This time it sounds like we won't be paying recruiter fees. Hired HR staff to hire more organically, reduce agency fees. Good for cutting costs of $550K CAD going forward.

I haven't heard about the possibility of $450 million of contracts but I'm newer to this stock. Been following for the last 3 months. $150 million seems very doable in the next 6 months. There are a total of 42 contracts left to be announced and I believe that was suppose to be done by end of summer (but is delayed). I was also pumped to hear that 30 more cities go up for bid in Fall 2020. So who knows, maybe they win a few 100K plus home contracts and get up to $450 million!
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