Lite Access Technologies Inc V.LTE

Technology Communication Equipment

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

Lite Access Technologies Inc > When could the $86M new city contract(Norwich) be announced?

<< Previous

Bullboard Posts

Next >>

Comment by yyy2017on Nov 20, 2020 11:27am

166 Views

Post# 31940849

RE:When could the $86M new city contract(Norwich) be announced?

They aim to get $85M contract, assuming if they only get half of it at $40M.

With the current market cap at $18M (54c), if LTE get the contract of $40M (half of the original estimate), the price should be trade around $1~ $1.5 and if they get the full contract then it shuld be at $2+.

The potential reward here is 3~4 bags, I like the my chance here!

Accountant777 wrote: Hi all,

Earlier this week I asked about the progress on the new city contract. It looks like Norwhich could be part of the second phase of the ATAP. I'm not sure since Norwich was original announced as part of the first round of cities and that an additional 30 cities would be added in the fall. By the way, Norwich was not the only city to go unannounced. Of the 36 cities announced back in March 2020, only 27 cities were actually awarded.

So I was wondering, does anyone have any idea of when these contracts will be annouced? Will they be announced all at once as part of phase two or could they be awarded piece meal since they were already previously announced?

It sounds like CityFibre originally wanted this work started earlier than Q2 2021. But this was before Bechtel. Does anyone thiink that this Norwich contract will be announced within the next 3 months?

For reference, here is my question to Rob and his response is in Red...

1) What is the status of the new city award/Norwich contract? We were providing a deployment plan for the new city and were expecting to start in January 2021. Is there any update? As per CityFibre's own press release, 27 cities were awarded in the first phase of ATAP and "Before the end of the year, CityFibre will launch the second phase of the ATAP..." Hence, the award process is not completed yet and Norwich was not on the list of first phase cities awarded. The company still fully expects to be awarded a city (cities) under ATAP. The company submitted a proposal (rate card) for various cities under ATAP (they do not do the design work or sequencing of nodes - that is done by CityFibre.) Actually, the break ground date was originally for Q2 2021. Mobilization, which takes about 3-months, would therefore be Q1 2021. Prior to the engagement of Bechtel, CityFibre had indicated starting earlier than the original date, however, Bechtel's engagement on September 21st delayed the ATAP award process.