Vancouver, British Columbia--(Newsfile Corp. - August 25, 2016) - Lite Access Technologies (CSE: LTE), a total integrated fibre
optic solutions provider, through its wholly owned subsidiary, DSG Communications, has been awarded a $400,000 contract from the
City of Chilliwack. This contract covers the supply and installation of a 3.5 kilometre Public Works Fibre Optics Link.
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Mike Plotnikoff, CEO, stated: "Chilliwack is just the latest in a number of cities that have recognized the multiple
advantages of our products and deployment techniques. This agreement with the City of Chilliwack is further evidence of the quality
of work and reputation of Lite Access and DSG. We anticipate additional agreements similar to this as entities realize the value
that Lite Access and DSG can bring to their organizations."
With specially designed radial saws and proprietary Lite Access blades, machines cut a micro-trench into any ground surfaces.
The micro-trench is typically one and a half inches wide and twelve to eighteen inches deep. A special micro-duct conduit is
inserted into the trench and the fibre optic cable is "blown" through.
This method can be up to five times faster — up to 500 meters a day for micro-trenching and 250-750 meters a day for
micro-drilling, which is a third cheaper than digging traditional trenches. 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. This technique also provides the ability to add or remove the bundles in the future to avoid
technology obsolescence,
The shares are trading at $1.23, and with 30.7 million shares outstanding, the company is capitalized at $37.8 million.
For more information, please visit the company's website at www.liteaccess.com, or call
604-247-4704.
Investor relations is handled by Rob Gamley of Contact Financial Corp, who can be reached at 604-689-7422 or email rob@contactfinancial.com.
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