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LITE ACCESS TECHNOLOGIES SIGNS STRATEGIC COOPERATION AGREEMENT WITH IRONMAN DIRECTIONAL DRILLING
LITE ACCESS TECHNOLOGIES SIGNS STRATEGIC COOPERATION AGREEMENT WITH IRONMAN DIRECTIONAL D...
About this update from Ironman International Ltd.
[{"type":"text","content":"\n \n \n \n LITE ACCESS TECHNOLOGIES SIGNS STRATEGIC COOPERATION AGREEMENT WITH IRONMAN DIRECTIONAL DRILLING\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n July 26, 2022\n \n \n /CNW/ -\n \n LITE ACCESS TECHNOLOGIES INC.\n \n (\"\n \n Lite Access\n \n \") (TSXV: LTE) (OTC: LTCCF), a world leader in the fibre optic products and advanced installation methodologies, is pleased to announce that it has signed a Cooperation Agreement (the \"\n \n Cooperation Agreement\n \n \") with Ironman Direction Drilling Ltd. (\"\n \n Ironman\n \n \") whereby Lite Access and Ironman will jointly provide their specialized fibre installation and directional drilling services on new fibre optic network projects (the \"\n \n New Projects\n \n \").\n \n \n \n Highlights of Strategic Cooperation Agreement:\n \n \n \n \n Lite Access to receive operational strength of Ironman for new fibre optic network projects.\n \n \n Ironman incentivized to refer new fibre installation projects to Lite Access.\n \n \n Lite Access anticipates increased operational efficiencies and additional project flow resulting from its new relationship with Ironman.\n \n \n \n \n Mike Plotnikoff\n \n , interim Chief Executive Officer of Lite Access, stated, \"We are incredibly pleased to formalize this relationship with Ironman. Through\n \n Mike Irmen\n \n , Ironman has provided exceptional directional drilling services since 1999. Ironman's team will be an essential component in our bid process for adding profitable project flow to our pipeline. Our cooperation also creates an incentive for Ironman to refer new project management directly to Lite Access. We are looking forward to building a strong and long-lasting relationship with Ironman.\"\n \n \n \n Terms of the Cooperation Agreement\n \n \n \n Under the terms of the Cooperation Agreement, Lite Access has offered Ironman a right of first refusal to provide directional drilling services on all New Projects of Lite Access. In each instance of cooperation, Lite Access and Ironman will e...