(via Thenewswire.ca)
January 14, 2016 / TheNewswire / Vancouver, British Columbia. LITE ACCESS TECHNOLOGIES INC. (the "Company") (CSE: LTE, Pink Sheets: LTCCF) is pleased to announce that the construction of the new fibre optic network the company is building on behalf of the GwaiiTel Society has commenced. On October 26, 2015 Lite Access announced that it was awarded a contract in the amount of $7,086,234 for the supply and installation of a fibre optic network for the GwaiiTel Society (GwaiiTel) in Haida Gwaii, British Columbia. This project is expected to be completed by May 2016.
The project will consist of the supply and construction of a 104 kilometre fibre optic network beginning near Old Masset, BC and connecting to Skidegate, BC. Lite Access and its wholly owned subsidiary DSG Communications have been awarded this latest project to provide the most future proof and cost effective fibre connectivity solution available.
Dylan Griffiths, chief executive officer of DSG Communications states, "The GwaiiTel Society is just the latest in a number of organizations that have recognized the advantage of our products and deployment techniques. We are pleased to start work on providing the residents and businesses of Haida Gwaii a state-of-the-art fibre optic network."
A massive investment cycle in fibre optic networks has emerged as traditional copper networks are being replaced. The Company has been working with numerous telecom companies, ISP's, and communities, providing the most timely, future-proof and cost-effective fibre connectivity solution available. Specializing in microduct and air-blown fibre technologies, and deployed using specially designed micro-trench technologies, Lite Access' proven solutions have been adopted worldwide and have successfully changed the way fibre connectivity is achieved today.
About Lite Access
Lite Access is a world leader in microduct and fibre optic technologies. 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, and Asia.
About GwaiiTel
GwaiiTel operates the Haida Gwaii Community Network, connecting the seven largest communities of Haida Gwaii. It serves as an aggregator and wholesale reseller of broadband Internet services for local ISPs or major business/institutional customers, and facilitates the development of such services for social and economic benefit of the communities and residents of Haida Gwaii.
The GwaiiTel Society is incorporated under the BC Societies Act and registered with the CRTC as a "non-dominant carrier" (telecommunications/phone company). It is jointly owned and operated by its members:
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-Council of the Haida Nation
-Village of Masset (incorporated)
-Old Massett Village Band Council (First Nation)
-Village of Port Clements (incorporated)
-Community of Tlell (Skeena-Queen Charlotte Regional District Area D)
-Skidegate Band Council (First Nation)
-Village of Queen Charlotte (incorporated)
-Community of Sandspit (Skeena-Queen Charlotte Regional District Area E / Moresby Island Management Committee).
For further information please contact:
Lite Access Technologies Inc.
Phone: 1-604-247-4704
1115 - 1125 6900 Graybar Rd.
Richmond, BC V6W 0A5
www.liteaccess.com
For investor relations please contact:
Rob Gamley
Phone: 1-604-689-7422
Email: rob@contactfinancial.com
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.
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