Lite wins fibre optic supply, training contract in U.S.
2015-06-25 13:37 ET - News Release
Mr. Michael Priest reports
LITE ACCESS AWARDED CONTRACT FOR PRODUCT SUPPLY AND INSTALLATION TRAINING
Lite Access Technologies Inc. has been awarded a contract for the supply and installation training for the U.S. Virgin Island Water and Power Authority (VIWAPA). Using Lite Access' proprietary micro-trench and air blown fibre technologies and becoming certified in the installation methodology will provide VIWAPA with a proven solution for their fibre optic connectivity needs - now and in the future. This installation will connect various mission critical monitoring sites on the island. Partnering with companies throughout the world and offering a proven technology along with installation training and certification has helpedclients effectively reduce costs associated with traditional fibre optic builds and high monthly costs for individual connections. Lite Access is proud to include VIWAPA to our growing list of diverse international partners. This is now the third Caribbean island where local organizations have chosen Lite Access' products for fibre deployments needs. This includes an approximate 200 home fibre-to-the-home build in Puerto Rico and a 284 home fibre-to-the-home network build in Trinidad on behalf of Telecommunications Services of Trinidad & Tobago (TSTT).
Lite Access Technologies is also pleased to announce the delivery of additional product to the island of Guam for a large Asia-based Telco, through their long-time distribution partner, Data Management Resources (DMR). This partnership has provided major Telco's within the Asian region with a proven technology and micro-trench method of installation that has expedited the delivery of services to clients at a fraction of the costs associated with traditional fibre optic networkbuilds. Using the Lite Access air blown fibre technologyand providing local support and training enables clients with the most cost effective and timely method of fibre connectivity as well as the most future-proof technology available. Through Lite Access' distribution partner DMR, the company has developed a long standing relationship with two of the major telecommunications companies deploying fibre optic networks on the island of Guam both of which continue to order product as they continue to expand.
These international partnershipsfurther solidifies Lite Access as the world leader in air blown fibre and micro-trench technologies Lite Access is also pleased to announce that it has engaged Contact Financial Corp. ("Contact") to assist the Company with the development and execution of a comprehensive strategic communications program.
Contact is a broad-based strategic marketing and communications firm with experience in creating exposure for small- to mid-cap companies. Contact Financial headed by Kirk Gamley, is based in Vancouver, British Columbia with offices in Vancouver, Toronto, Montreal, and affiliate offices in the United States and Europe. Contact's services will include providing advice to the Company with respect to corporate development, production and distribution of investor-focused communication tools, and increasing awareness of the Company within the financial community.Contact has been retained for an initial term of six (6) months, with service to be provided on a month-to-month basis thereafter. Contact will be paid a monthly fee of CDN $4,000.00 (plus GST) and has been granted options to purchase up to 100,000 common shares of the Company, exercisable for two (2) years at a price of CDN $1.28 per share, with vesting restrictions in accordance with Canadian Stock Exchange policies.Other than 280,000 common shares held directly and indirectly by Kirk Gamley and Contact Financial, none of Contact Financial group has any interest, directly or indirectly, in Lite Access or its securities, or any right or intent to acquire such an interest, other than the above-referenced proposed stock options. |
