Enablence Technologies Inc.

Enablence Technologies Inc.

February 01, 2007 06:00 ET

Former Alcatel Vice President of Mergers and Acquisitions Joins Enablence's Board of Directors

OTTAWA, ONTARIO--(CCNMatthews - Feb. 1, 2007) - Enablence Technologies Inc. (TSX VENTURE:ENA) ("Enablence" or the "Corporation"), a developer of Fiber-to-the-Home (FTTH) Transceivers for optical modems, today announced that Stephan Guerin, former Alcatel Alsthom Executive Committee Member and Vice President of Mergers and Acquisitions has joined the Board of Directors of Enablence Technologies.

"Enablence Technologies is pleased to announce that Mr. Stephan Guerin has joined the Enablence Board of Directors," announced Arvind Chhatbar, the Chief Executive Officer of Enablence. "Stephan is an extremely successful corporate executive with an impressive track record. He makes a wonderful addition to the Enablence team."

Stephan Guerin was one of the seven members of the Alcatel Alsthom Group Executive Committee, responsible for the telecommunications, transportation, energy, industrial controls and media groups with a global work force of 220,000 in 120 different countries. Mr. Guerin was previously the Vice President of Mergers and Acquisitions for the Alcatel Alsthom group and was responsible for the negotiation and implementation of the major mergers of the group, including ITT, Rockwell Telecom, Telettra, STC submarine and AEG-Kable. Stephan was also responsible for developing international strategic alliances and played a key role in establishing the Alcatel Alsthom group in emerging markets such as Brazil, China, and India. Mr. Guerin was also the Senior Executive vice-president with ICO, a start-up in the field of Global Satellite Communication. Mr. Guerin is currently the International Partner of Schwarz-Schilling and Partners, the Managing Director of Onslow Group and one of the founders and directors of Catrifarma Limitada.

"Enablence's team, market opportunity, core technology and growth strategy are truly impressive. It is my pleasure to join the Board of Directors of Enablence Technologies," stated Mr. Guerin. "I am looking forward to serving Enablence Technologies in its efforts to become the global leader in the supply of Fiber-to-the-Home Transceivers."

"As we ramp production of our Fiber-to-the-Home products, Mr. Guerin's experience in international partnerships and market entry will be extremely valuable to our organization," added Mr. Chhatbar.

Alex Blodgett has stepped down from his Board of Directors position with Enablence Technologies to make room for Stephan Guerin. "Alex was instrumental in the growth of Enablence and we are most grateful for his time, dedication and efforts in helping build Enablence Technologies," stated Arvind Chhatbar.

"This new addition to the Board of Directors is part of a larger strategy to increase the number of independent directors with telecom experience who can contribute towards Enablence's continued growth," stated Mr. Chhatbar.

Enablence's Board of Directors is comprised of Arvind Chhatbar, John J. Ryan III, Dr. Ashok Balakrishnan, Dr. Serge Bidnyk and Mr. Stephan Guerin. Dr. Jozef Straus is a Strategic Advisor to Enablence Technologies.

About Enablence Technologies Inc.

Enablence 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 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 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
    Chief Executive Officer