(via Thenewswire.ca)
Vancouver, British Columbia / TheNewswire / February 5, 2016 - LITE ACCESS TECHNOLOGIES INC. ("Lite Access") (CSE: LTE, Pink Sheets: LTCCF) announces that it has granted 80,000 stock options to employees (the "Employee Options") of DSG Communications Ltd., a wholly owned subsidiary of Lite Access, and 400,000 stock options to Dylan Griffiths, a member of the board of directors of Lite Access (the "Director Options"). The options are exercisable at $1.17 per share and expire on February 5, 2019, in respect of the Employee Options, and February 5, 2021, in respect of the Director Options. The Employee Options are subject to the following vesting terms: 50% of the Employee Options will vest on February 5, 2017 and the remaining 50% of the Employee Options will vest on February 5, 2018.
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.
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
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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