Enablence Technologies Inc.
TSX VENTURE : ENA

Enablence Technologies Inc.

February 11, 2011 18:05 ET

Enablence Grants Options to CFO

TORONTO, ONTARIO--(Marketwire - Feb. 11, 2011) - Enablence Technologies Inc. ("Enablence" or the "Company") (TSX VENTURE:ENA), a leading supplier of fiber-to-the-home (FTTH) equipment and multi-services access platform for triple-play residential and business services and optical components and subsystems for access, metro and long-haul markets, announced today that the Board of Directors has granted options for 300,000 shares to David Toews, Chief Financial Officer of the Company. The options were granted in accordance with the Corporation's Amended and Restated Stock Option Plan. The options have an exercise price of $0.445 per share (being the closing price on the TSX Venture Exchange on February 10, 2011). The options will vest at 25% per year on the first four anniversaries of the grant date and expire February 9, 2021. After this grant, 10,867,180 common shares remain available for issuance under the Corporation's Amended and Restated Stock Option Plan.

About Enablence Technologies Inc.

Enablence Technologies Inc. (TSX VENTURE:ENA) Enablence Technologies Inc. is a publicly traded company that designs, manufactures and sells fiber-to-the-home (FTTH) equipment and multi-services access platforms for triple-play residential and business services and optical components and subsystems for access, metro and long-haul markets to a global customer base. Enablence delivers a key portion of the infrastructure for next generation telecommunication systems. The Company's product lines address all three segments of optical networks: Access, connecting homes and businesses to the network; Metro, communication rings within large cities; and Long-haul, linking cities and continents. The Company's Access solutions enable voice, data, video, and Internet communications across both copper and fiber based network infrastructures. For more information, visit http://www.enablence.com

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.
    Tim Thorsteinson
    Chief Executive Officer
    647-729-1605