Enablence Technologies Inc.

Enablence Technologies Inc.

March 07, 2007 16:45 ET

Enablence Technologies Inc.: Announcement

OTTAWA, ONTARIO--(CCNMatthews - March 7, 2007) - Enablence Technologies Inc. ("Enablence Technologies" or the "Company") (TSX VENTURE:ENA) announced today that the Board of Directors granted options to certain directors and officers to acquire a total of 3,000,000 shares pursuant to the Company's stock option plan ("the Plan"). Twenty-five percent of the stock options vested immediately while the balance vests over the next year in compliance with the Plan. The stock options have an exercise price of $0.80 per share (the closing price on March 6, 2007), exercisable on or before March 7, 2017. After these grants, 5,917,000 common shares remain available for issuance under the Plan.

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