Enablence Technologies Inc.
TSX VENTURE : ENA

Enablence Technologies Inc.

November 12, 2013 08:30 ET

Enablence Expands Product Line into the 40G and 100G TOSA/ROSA Market

FREMONT, CALIFORNIA--(Marketwired - Nov. 12, 2013) - Enablence Technologies Inc. ("Enablence" or the "Company") (TSX VENTURE:ENA), a leading supplier of optical components and subsystems for access, metro and long-haul markets, is rapidly expanding into the high speed optical transceiver market by supply of Transmit Optical Sub-Assembly (TOSA) and Receive Optical Sub-Assembly (ROSA) for CFPx and QSFP+ applications. Enablence is currently shipping TOSA and ROSA products in 8x10G and 10x10G configurations and is compliant with the MSA for CFP modules. In addition to these products, TOSA/ROSA for 4x10G, 4x25G and 8x25G configurations are expected to be available in the coming quarters. These devices will be used in fabrication of QSFP+, CFP and CFP2 modules whose primary applications are for data center communications. The TOSA/ROSA products leverage Enablence's proprietary low-loss silica-on-silicon planar lightwave circuit (PLC) technology and novel hybrid integration techniques to build Photonic Integrated Circuits (PIC). These technologies result in compact high-performance components that can be scaled into commercial production.

Enablence continues to supply Tier-1 and Tier-2 system vendors in Asia, North America and Europe with its traditional products including: high-channel count (up to 96) Mux, Demux and VMUX devices, multi-device integrated solutions such as 2-in-1 Mux/Demux with PD arrays, and small, agile multicast switch products from 4x4 to 8x16 configurations. In the ROADM space, Enablence's 8x8 and 8x16 multicast switch modules are being used by Tier-1 telecom systems suppliers for routing WDM signals. The multicast switch is a key element for next generation CDC ROADM (colorless, directionless, and contention-less reconfigurable optical add/drop multiplexer). It is fabricated using a mass-reproducible polymer PLC platform.

In non-telecom markets, Enablence is providing PIC based solutions for a variety of bio-medical and homeland security applications. Offerings include PIC devices based on novel array waveguide grating (AWG), Mach-Zehnder Interferometer, sensor and visible wavelength PLC products.

Enablence has completed a 15-month financial turnaround and has structured itself for growth into emerging markets to provide high speed PIC based TOSA/ROSA products. The financial restructuring includes ~$23MM from new equity investment and divestiture of non-core operations, and retirement of ~$15MM in secured and non-secured debts primarily through stock conversion. The financial restructuring has resulted in a clean balance sheet with new funding for production expansion, new product development, and restored customer confidence.

Enablence' key staff members have been industry leaders for over 25 years and were the first to commercialize critical products for the telecommunications industry such as the arrayed waveguide grating (AWG) devices, and have been leaders in hybrid integration for over 10 years.

About Enablence Technologies Inc.

Enablence Technologies Inc., (TSX VENTURE:ENA) a publicly traded company headquartered in Ottawa, Canada, designs, manufactures and sells optical components and subsystems to a global customer base. The company operates two platforms for production of integrated optical components: a silica PLC line, which is used for its PIC products, and a polymer PLC line which is used for wavelength routing, switch and VOA products. Enablence 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. Enablence also has a joint-venture operation in China (Sunblence Technology, Co.) focusing on silica PLC based splitters for FTTH markets. Network and equipment designers around the world turn to Enablence for a variety of components and subsystems for access, metro and long-haul including TOSA/ROSA, transceivers, splitters, waveguides, optical channel monitors, multiplexers, ROADMs, multicast switches, and tunable dispersion compensators. The Company 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 Corporation'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.

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