Enablence Technologies Inc.

Enablence Technologies Inc.

August 08, 2006 09:42 ET

Enablence Technologies Hires Vice President, Finance and Administration

OTTAWA, ONTARIO--(CCNMatthews - Aug. 8, 2006) - (TSX VENTURE:ENA) Enablence Technologies Inc. ("Enablence" or the "Corporation") is pleased to announce the appointment of John Daniel Hilton as its Vice President, Finance and Administration, effective immediately.

Mr. John Daniel Hilton is a Chartered Accountant and also holds a Bachelor of Commerce Degree (Honours) from the University of Ottawa. He began his professional career working with Deloitte & Touche LLP, before joining World Heart Corporation (TSX: WHT ,NASDAQ: WHRT) in 1996. In 2001 he joined the Ottawa Heart Institute as the Director of Finance and Administration. More recently, Mr. Hilton co-founded KidsFutures Inc. (TSXV:FUT), a national loyalty program, which became listed on the TSX Venture Exchange in December of 2005.

"Dan's experience working for publicly traded companies will be of significant value to Enablence going forward" said Arvind Chhatbar, Enablence's Chairman and CEO. Enablence recently completed a reverse takeover and commenced trading under its new name on the TSX-Venture Exchange. "With the addition of Dan, the Corporation's senior management team is complete and we are looking forward to building the business" said Mr. Chhatbar.

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
    (613) 270-7859