Lite Access Technologies Inc. (CVE:LTE) said on Thursday it has been awarded a contract worth $459,000 for the supply and installation of a fibre optic network build for the Canadian City of New Westminster, B.C.
Using Lite Access’ proprietary microtrench and air-blown fibre optic technologies, this project will focus on providing and installing microduct and fibre optic cable for backbone connectivity.
Lite Access has been working with many communities and cities throughout North America, South America, as well as internationally, that are pro-actively building infrastructure to help offset the high cost of current service provider connectivity.
The company’s proprietary products and best-in-class microtrench installation methodologies have been used for many cities and municipalities in Western Canada, such as QNet in Coquitlam, B.C., the township of Langley, B.C., Delta, B.C., and communities throughout the East and West Kootenays, Banff, and Waterton, Alta.
Lite Access’s proven technologies and innovative fibre connectivity solutions enable connectivity in the most future-proof, non-disruptive and cost-effective fibre manner available today.
“We are very pleased to continue working with the City of New Westminster and assist with their ongoing fibre optic network expansion plans. Our repeated ability to win contracts clearly demonstrates that the region is embracing our solutions. We’re gaining momentum on the acquisition of firm contracts both domestically and abroad, and expect to build on the success of this contract award,” said Mike Plotnikoff, chief executive officer of Lite Access.
Lite Access shares were up 1.4% at C$2.20 on Thursday.
Story by ProactiveInvestors