Enablence Technologies Inc.

Enablence Technologies Inc.

August 09, 2008 14:03 ET

Enablence Grant of Options

OTTAWA, ONTARIO--(Marketwire - Aug. 9, 2008) - Enablence Technologies Inc. (TSX VENTURE:ENA), ("Enablence" or the "Corporation") 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 it has granted options to several staff in relation to recent acquisitions and the completion of its most recent fiscal year ending April 30, 2008.

The Board of Directors has granted options to employees and consultants to acquire a total of 4,342,000 shares of the Company. These were granted to certain officers (1,242,000) and employees (3,100,000). The options' vesting schedule is in line with the Employee Stock Option Plan. The stock options have an exercise price of $1.15 per share, exercisable on or before August 7, 2018. After these grants, 4,000,000 common shares remain available for issuance under the Company's stock option plan.

About Enablence Technologies Inc.

Enablence Technologies Inc., (TSX VENTURE:ENA) a publicly traded company, designs, manufactures and sells optical components, subsystems and systems to a global customer base. With corporate headquarters in Ottawa, Ontario, Canada, the company has two divisions, the FTTx Networks Division and the Optical Components & Subsystems Division, which provide products for access, metro and long haul optical communications applications. The company's component products rely on proprietary planar lightwave circuit (PLC) technology to integrate multiple optical functionalities into a single optical chip to address the global rollout of Fiber to the Home (FTTH).

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.

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