Enablence Technologies Inc.

Enablence Technologies Inc.

September 28, 2007 15:33 ET

Enablence Technologies Inc. Announces First Quarter Results for July 31, 2007

OTTAWA, ONTARIO--(Marketwire - Sept. 28, 2007) - Enablence Technologies Inc. ("Enablence Technologies" or the "Company") (TSX VENTURE:ENA) today announced financial results for the first quarter of fiscal 2008, ended July 31, 2007.

The net loss for the quarter ended July 31, 2007 was $2.5 million, down 12% from $2.8 million for the quarter ended July 31, 2006.

The loss per share for the same period was $0.02, down 60% from a $0.05 loss per share for the quarter ended July 31, 2006.

Cash and cash equivalents increased to $14.7 million and total assets increased to $24.8 million at July 31, 2007 compared to $13 million at July 31, 2006.

"The company is in the final stages of qualifications for its Fiber-to-the-Home (FTTH) products, and our assembly line is geared towards volume production" says Arvind Chhatbar, the Chief Executive Officer of Enablence. "As we complete the qualification process for the FTTH products, we are pleased to continue to supply additional products to the aerospace and defense industry and expand our photodiode product lines," further explained Mr. Chhatbar.

About Enablence Technologies Inc.

Enablence Technologies products are used in optical modems that are located inside the consumer's homes (i.e. for the delivery of high speed data/voice/video). Enablence Technologies designs and manufactures optical components, in particular triplexers and diplexers, using its proprietary Planar Lightwave Circuit (PLC) "dispersion bridge" platform, for the Fiber-to-the-Home (FTTH) market. These devices are filters that are embedded on a chip that are capable of processing optical signals at a low cost.

Enablence Technologies is a fabless optical components company.

Forward Looking Statements

The statements in this press release may contain forward looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Corporation's expectations and projections.

The TSX Venture Exchange has not approved this press release and does not accept responsibility for the adequacy or accuracy of this press release.

Contact Information

  • Enablence Technologies Inc.
    Arvind Chhatbar
    President and Chief Executive Officer