(via Thenewswire.ca)
January 18, 2016 / TheNewswire / Vancouver, British Columbia. LITE ACCESS TECHNOLOGIES INC. (the "Company") (CSE: LTE, Pink Sheets: LTCCF) is pleased to announce that SP Energy Networks, a division of ScottishPower, has commissioned a trial deployment of Lite Access' best-in-class microduct and micro-trenching solutions at an as-yet undisclosed location within their network. ScottishPower is part of the Iberdrola Group of Companies, one of the largest utility companies in the world.
SP Energy requested the trial of Lite Access' deployment solutions as an important initiative to alleviate repeated faults and subsequent repair requirements associated with overhead lines in forested areas where lines are often damaged by falling trees. In its search for available options for burying cable, SP Energy commissioned this trial from Lite Access due to the speed, proven durability and cost-effectiveness of the Company's deployment solutions.
Eifion Griffiths, Head of Resources and Work Planning at SP Energy Networks, states, "We are very pleased to be working with the professionals of Lite Access to develop a high quality and reliable alternative to the overhead cables we currently use to service our over 3.5 million clients in Scotland and we look forward to the results from this trial."
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 SP Energy Networks
SP Energy Networks is part of the Scottish Power Group of Companies and services over 3.5 million clients. SP Energy owns and operates the electricity transmission and distribution network in central and southern Scotland and the distribution network in Cheshire, Merseyside and North Wales. Scottish Power is part of the Iberdola Group of Companies, which has a combined workforce of around 31,330 employees in dozens of countries on four continents serving around 31.67 million customers.
Since embarking on its growth and international expansion plan in 2001, Iberdrola has become Spain's largest energy group by market capitalisation, the global leader in wind energy and one of the world's largest utilities by market capitalisation. The company is a component of the Euro Stoxx 50 stock market index.
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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