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Lite Access Technologies Inc
Symbol LTE
Shares Issued 74,852,538
Close 2022-10-03 C$ 0.06
Market Cap C$ 4,491,152
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Lite Access wins second-phase FTTH contract with KNC

2022-10-03 10:40 ET - News Release

Mr. Michael Plotnikoff reports

LITE ACCESS TECHNOLOGIES AWARDED NEXT PHASE FTTH CONTRACT BY KTUNAXA NATION COUNCIL VALUED AT APPROXIMATELY $805,000

The Ktunaxa Nation Council (KNC) has awarded the second phase of a fibre-to-the-home (FTTH) construction project to Lite Access Technologies Inc., valued at approximately $805,000.

The company was awarded the first phase of a fibre-to-the-home construction project at the first nation community Akisqnuk by the Ktunaxa Nation Council in Cranbrook, B.C., last year (see press release dated Sept. 15, 2021) for the design assist, supply and installation of the fibre build connecting all Akisqnuk community band office, health centre, recreation centre and service drops for all the homes and lots on a subdivision road.

After successfully completing phase 1, Lite Access will continue with the construction project to include an additional 17 kilometres of an in-ground backbone network, multiple highway road crossings, connectivity to a wireless tower by aerial as well as the installation of additional 37 service drops to the Akisqnuk First Nation homes.

Mike Plotnikoff, chief executive officer of Lite Access, stated: "The award of this additional phase of the project is a testament to the ongoing relationship between Lite Access and the Ktunaxa Nation Council. We are extremely pleased to have been selected for this next phase, continuing what we started, and ensuring a robust project delivery for the Ktunaxa Nation Council and Akisqnuk. All of us at Lite Access look forward to a continued relationship with Ktunaxa Nation Council and Akisqnuk as we advance this critical project."

About Lite Access Technologies Inc.

Lite Access Technologies is a world leader in the use of innovative and proven micro/narrow trenching technologies, alternative methods of deployment and specialist products that transform the cost the network deployment for telecommunications operators.

As part of its suite of services, Lite Access provides clients with integrated solutions or select components for the design and implementation of fibre optic networks. Lite Access's products have been deployed in many high-profile communication networks, including Olympic facilities, military and government, numerous communities throughout the United Kingdom, the United States and Canada, as well as global telecommunications companies that have adopted Lite Access as the solution of choice for the least invasive and most cost-effective and future-proof fibre optic connectivity available.

Lite Access's installation technology and proprietary products extend a network provider's ability to deliver true broadband connectivity directly to end-users, such as homes, businesses, government and educational institutions, and emergency response facilities. Lite Access remains flexible and innovative in its commitment to provide global clients and partners with the most cost-effective and proven fibre connectivity solutions available.

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