Additional Fiber Construction Projects Secured by Cal-Ore

RYE, N,Y.--(BUSINESS WIRE)-- LICT Corporation (“LICT”, OTC Pink®: LICT) announces today, that our subsidiary, Cal-Ore, has signed a series of additional work orders for a large fiber build in California. These three additional projects are expected to deliver approximately $60 million in total revenue, and approximately $20 million in total EBITDA to Cal-Ore during 2027 and 2028. The revenue and EBITDA will be recognized as construction milestones are achieved.

The additional projects will also provide Cal-Ore a long-term fiber lease and recurring maintenance revenue over a 20-year term, which is subject to extension. The fiber lease will provide Cal-Ore competitive access to additional markets outside of its current service territory.

The projects are expected to begin in early 2027.

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This release contains certain forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, including without limitation anticipated financial results, financing, capital expenditures and corporate transactions. It should be recognized that such information is based upon certain assumptions, projections and forecasts, including without limitation business conditions, financial markets and the cautionary statements set forth in documents filed by LICT on its website, www.lictcorp.com. As a result, there can be no assurance that any possible transactions will be successful or that financial or other targets will be met. Such forward-looking information is subject to uncertainties, risks and inaccuracies, which could be material.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260914897131/en/

914-921-8821
www.lictcorp.com  

Joe Cecin
Chief Operating Officer

Stephen J. Moore
Vice President-Finance

Source: LICT Corporation

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