Enablence Technologies Inc.
TSX VENTURE : ENA

May 30, 2013 16:30 ET

Enablence Technologies Inc. Announces Filing of its Results for the Quarter Ended March 31, 2013 and Jim Seto to be Nominated to the Board

OTTAWA, CANADA--(Marketwired - May 30, 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, announced today it has filed its financial results for the third fiscal quarter ended March 31, 2013. Additional information concerning the Company, including its unaudited condensed consolidated financial statements and its Management's Discussion and Analysis of Financial Condition and Results of Operations ("MD&A") for the third quarter ended March 31, 2013 can be found at www.sedar.com.

The Company is pleased to announce that Jim Seto has agreed to join the board, subject to shareholder approval to increase the number of directors to six, and in the meantime he will be acting as an advisor to the board.

Mr. Seto has over 25 years of experience in the semiconductor industry, with previous senior positions held including Corporate Vice President, Foundry Operations at AMD and Vice President NPI Engineering and ASIC Operations at ATI. The Board and Management are very pleased to have Mr. Seto join the Board, bringing his extensive technical and operational experience to the Company. Mr. Seto is an Engineer and a graduate of the University of Waterloo (Bachelor of Applied Science - EE) and obtained his Master of Engineering (Electrical) at Carleton University.

The Company has issued 150,000 common shares to R. Stephen Bower, a former director of the Company, in payment of services rendered to the Company in the amount of $49,500. The shares will be subject to a four month hold period ending September 28, 2013.

About Enablence Technologies Inc.

Enablence is a publicly traded company that designs, manufactures and sells optical components and subsystems to a global customer base. It utilizes its patented technologies, including planar lightwave circuit ("PLC") intellectual property, in the production of an array of photonic components and broadband subsystems that deliver a key portion of the infrastructure for current and 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. For more information, visit 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.
    Louis De Jong
    CEO
    +1 613 656-2850 ext. 0