Enablence Technologies Inc.

Enablence Technologies Inc.

November 05, 2009 16:03 ET

Tim Thorsteinson Joins Enablence Board; Enablence Appoints Mike Skubisz as New President of its Systems Division

OTTAWA, CANADA--(Marketwire - Nov. 5, 2009) - Enablence Technologies Inc. ("Enablence" or the "Corporation") (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, is pleased to announce today the appointment of Tim Thorsteinson as a member of the Board of Directors of Enablence, replacing management member Ashok Balakrishnan, effective immediately.

Tim Thorsteinson, who recently retired as President of the Broadcast Divison of Harris Corporation, is a well recognized international business leader who has served as a Harris Corporate Officer and as a member of the Harris Executive Committee. Prior to joining Harris Corporation, he was President and CEO at Leitch Technology where he was the architect of a turnaround that restored Leitch to a successful public company which was later acquired by Harris Corporation. He has held several senior and executive management positions including those at Thomson Broadcast & Media Solutions, the Grass Valley Group and the Video and Networking Division at Tektronix.

"I am excited to join Enablence as it enters its next phase of growth. I look forward to working with the Board and the management team to continue to build Enablence into a global leader in next generation telecom access networks at a time when broadband expansion worldwide offers a tremendous growth opportunity," said Mr. Tim Thorsteinson.

Enablence also announced today, the appointment of Michael Skubisz as President of the Enablence Systems Division. He will be reporting to Arvind Chhatbar, CEO of Enablence and is replacing former president, Thomas Tighe. Prior to his appointment as President of the Systems Division, Mike was the Vice President of Technology Planning at Enablence. He joined Enablence through the acquisition of Pannaway, where he had also served as Chief Technologist and as a board member. In the past, Skubisz has also served as President and CEO of Aprisma Management Technologies, and in various roles at Cabletron Systems where he was responsible for Cabletron's $1 Billion product line.

"As we move forward in achieving our operating targets, we are putting in place the critical elements required for our next phase of growth. Enablence has quickly emerged as a leading player in the optical and fiber-to-the-home industry and we are eager to continue our expansion," said Arvind Chhatbar. "Tim's presence on our Board will provide us with a seasoned resource and will enhance our ability to critically assess our operations and increase global reach."

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 news 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 Corporation's most recent short form prospectus and the Corporation's continuous disclosure documents that can be found on SEDAR www.sedar.com. Enablence does not intend, and disclaims any obligation, expect 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