Brisio investment Lite Access begins trading on CSE
2015-06-03 08:06 MT - News Release
Mr. Paul Andreola reports
BRISIO INNOVATIONS INVESTMENT A CENTS??LITE ACCESS TECHNOLOGIESA CENTS?? COMMENCES TRADING ON THE CANADIAN SECURITIES EXCHANGE (SYMBOL: LTE)
Brisio Innovations Inc.'s Lite Access Technologies, a world leader in fibre-optic deployment solutions, commenced trading Monday, June 1, on the Canadian Securities Exchange under the symbol LTE, and has completed a concurrent private placement financing of 7,388,000 common shares of the company at a price of 25 cents per share for gross proceeds of $1,847,000. The company previously made an investment into Lite Access per news release date Jan. 14, 2015. Lite Access is a world leader in microduct and fibre optic technologies. Lite Access's 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's 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.
Chief executive officer Paul Andreola states: "Lite Access is poised to make a significant impact on the emerging growth sector of fibre optic network deployment on a global basis. We believe that the investment into Lite Access is an ideal value-creation model for Brisio and we look forward to following the exciting developments of Lite Access in the weeks and months to come."
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