Founded in 2004 and trading on the Canadian Securities Exchange, Lite Access Technologies (CSE:LTE), has had significant growth in the last year and is poised to continue delivering. The stock traded at a low of $0.39 a year ago, and up to a high of $1.88 this spring. Things have recently settled down, but read below to see why we believe we’re headed back into an upward trend.
What do they do? Well, with a CRTC Patented design, manufactured in a ISO 9001 Plant in Scotland, Lite Access has two unique twists to the age old process of placing underground cable. Not only is their Microduct system a better, less costly method of shielding fibre optic cable, their Air-blown fibre method of installing said cable is equally as beneficial.
The system is determined by the specification of the fibre cable – in layman’s terms: the size of cable, and conditions the cable is to be placed. Manufactured from a high density polyethylene, various and numerous configurations can be made to suit all types of applications. Additional benefits of Microduct are its strength, flexibility and “Lite” weight. Even in harsher environments the product is easy to work with, which ultimately saves time.
The product and process is inexpensive, compared to traditional methods. It’s temperature proven, durable and can be made to include rodent protective or chemical corrosive protectants as well as metal free and aluminum wrapped designs.
In terms of placement, “Micro-trenching” and “micro-drilling” are significantly faster than traditional trenching, and therefore less disruptive logistically and environmentally. With the increasing use and reliance on our connected devices and the infrastructure that supports them, keeping pace in the future world will require significant upgrades. The pace that technology is growing at is extremely fast, and the ability to quickly improve supporting infrastructure will also need to be fast; Lite Access is achieving this.
Another unique aspect to Lite Access’s system is the Air-blown fibre method of installing fibre optic cables. It means just like it sounds; compressed air pushes the fibre through the duct and with the strength and durability of the casing mentioned earlier, it becomes much less labour intensive. Due to the light weight fibre optic cable and its relatively compact design, these cables reduce friction when being pushed and therefore can be blown unlimited distances without the need to splice any cables. This technology is proven and has been deployed in locations around the globe. Lite Access’s Board and management team exceed a combined 100 years of Telecom experience, and their success to date proves that experience in the industry is necessary.
- June 12, 2015 – Lite Access Technologies awarded a Municipal Fibre Optic Network Build for the Township of Langley, BC
- June 24, 2015 – Lite Access enters into Letter of Intent to acquire 100% of DSG Communications.
- July 16, 2015 – DSG Communications and Lite Access are awarded a contract for product supply and installation for the town of Waterton, Alberta.
- Sept 17, 2015 – Lite Access was awarded a municipal fibre optic network build for the Corporation of Delta, BC.
- October 5, 2015 – Lite Access received $180,000 Purchase Order for fibre deployment in Washington State.
- October 19, 2015 – Lite Access completed a 97 home trial FTTH project for Telus.
- October 26, 2015 – Lite Access received a $275,000 purchase order from Telecommunication Services of Trinidad and Tobago.
- October 30, 2015 – Lite Access is awarded a contract from the City of Vancouver, BC.
- November 2, 2015 – Lite Access awarded $7 million contract for the supply and installation of a fibre optic network for the GwaiiTel Society (GwaiiTel) in Haida Gwaii, British Columbia.
- January 18, 2016 – Scottish Power orders Lite Access products and technologies for trial deployment.
- February 4. 2016 – Lite Access announces a new partner in Sweden.
- February 19, 2016 – Lite Access receives Microduct order from a Las Vegas, Nevada based partner.
- March 9, 2016 – Lite Access announced a new partner in South Africa.
- April 27, 2016 – Lite Access Announced an 18 km product order from their Peruvian-based partner.
With business partners in many countries and a seemingly proven “go-to” technology, it should come to no surprise when it was reported on May 31, 2016 that Lite Access Technologies had a record Q2 2016, with revenues up 1,589% .
Yes, you read that correctly. Since that announcement, Lite Access has received its first order from a major South African player, a new partner in the Yukon and a Municipal fibre optic network build with the City of Chilliwack, BC. This kind of follow up to such good financial results made the next quarter’s announcement highly anticipated to investors, and again they were not disappointed.
On August 30th, the company released its Q3 2016 financials that included revenues up 2,041% for the same period a year prior. And just like the previous quarter, the revenue news was quickly followed by a $900,000 order for Washington State and a $600,000 order from their partners in Charleston West Virginia.
There appears to be a market, and Lite Access has a hit.
Lite Access recently announced a Private Placement for $2.5 million on September 12th, but then announced an increase of the PP to $3.25 million on the 14th.
Things have been going North ever since.
Read what Investors are saying about Lite Access on our “LTE” Forum (Click Here)
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