Enablence Technologies Inc.

Enablence Technologies Inc.

October 06, 2009 17:45 ET

Enablence Showcases New Products and Substantial Revenue Growth in Fiscal Year 2009 at its Annual General Meeting

OTTAWA, CANADA--(Marketwire - Oct. 6, 2009) - Enablence Technologies Inc. ("Enablence" or the "Company") (TSX VENTURE:ENA), a leading supplier of fiber-to-the-home (FTTH) equipment for triple-play residential and business services and optical components and subsystems for access, metro and long-haul markets, announced today that all three resolutions put before its Annual and Special Meeting of Shareholders (AGM) that was held today in Ottawa, Ontario, Canada were passed by the shareholders. The AGM was attended with representation from more than 69.5% of the total shares outstanding as of the record date.

The Company also showcased a number of new products that it recently introduced including the following:

- the MAGNM 10, a smaller, 10 communication card version of its award winning MAGNM 20 Multimedia Broadband Multi-media Aggregation Node that has been widely accepted and deployed by telcos for rolling out advanced optical or hybrid copper/fiber based triple-play services in smaller communities;

- the world's first commercially available 88 Channel AWG Waveguide Module for doubling the number of wavelengths that can be used for long-haul and metro wavelength transmission;

- a Multicast Switch for improved switching in metro networks; and

- its 100Gb/s TOSA, ROSA PLC Chip for ultra high speed transmission applications in metro and long haul networks.

"Enablence has grown substantially over the last year and is fast becoming a recognized name in various markets worldwide. We are also winning key customers as a result of the strengths of our product offerings," said Mr. Chhatbar. "We intend to continue on this growth path while at the same time keeping our costs under control in order to achieve our goal of reaching cash flow positive status by the end of April 2010" Mr. Chhatbar reiterated.

The audio recording of the Enablence Technologies Inc. Annual General Meeting will be made available on the Enablence Technologies Inc. website at http://www.enablence.com/investors until October 30, 2009.

About Enablence Technologies Inc.

Enablence Technologies Inc., (TSX VENTURE:ENA) a publicly traded company headquartered in Ottawa, Canada, designs, manufactures and sells optical components, subsystems and systems to a global customer base.

Enablence's Systems Division has an expanding fiber-to-the-premise (FTTP) product portfolio featuring a variety of architectural options. It enables service providers to evolve their access networks from traditional copper-based networks to advanced optical communications access networks that are based on state-of-the-art IP and Ethernet standards, for triple-play voice, video and data services including HDTV, IP Telephony and ultrafast internet access. The Division's network equipment has been deployed with 420 service providers worldwide that serve over 4 million subscribers.

Enablence's Optical Components and Subsystems Division is a global leader in applying Planar Lightwave Circuit (PLC) technology to integrate multiple components into a single optical chip to reduce footprint and costs. Network and equipment designers around the world turn to Enablence for a variety of components and subsystems for access, metro and long-haul including transceivers, splitters, waveguides, optical channel monitors, multiplexers, ROADMs, switches, tunable dispersion compensators, and photodiodes. The Division serves over 120 system and subsystem developers and its products have been integrated in all major communications networks worldwide, serving tens of millions of subscribers.

Forward-looking Statements

This press release may contain forward looking statements that are made as of the date hereof and are based on current expectations, forecasts and assumptions which involve risks and uncertainties associated with our business and the economic environment in which the business operates. All such statements are made pursuant to the 'safe harbour' provisions of, and are intended to be forward-looking statements under, applicable Canadian securities legislation. Any statements contained herein that are statements of historical facts may be deemed to be forward-looking statements. By their nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties. We caution our readers of this press release not to place undue reliance on our forward looking statements as a number of factors could cause actual results or conditions to differ materially from current expectations. Please refer to the risks set forth in the Company's continuous disclosure documents that can be found on SEDAR www.sedar.com. Enablence does not intend, and disclaims any obligation, except as required by law, to update or revise any forward looking statements whether as a result of new information, future events or otherwise.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Enablence Technologies Inc.
    Arvind Chhatbar
    Chief Executive Officer