Enablence Technologies Inc.

Enablence Technologies Inc.

August 25, 2006 14:01 ET

Enablence Technologies Inc. Announces Option Grants to Directors and Officers

OTTAWA, ONTARIO--(CCNMatthews - Aug. 25, 2006) - Enablence Technologies Inc. ("Enablence Technologies" or the "Company")(TSX VENTURE:ENA) wishes to announce that stock options to acquire a total of 4,150,000 shares of the Company were granted to certain directors and officers, as follows: Arvind Chhatbar - 1,660,000; Ashok Balakrishnan - 680,000; Serge Bidnyk - 680,000; Matthew Pearson - 680,000, Daniel Hilton - 300,000; and John Ryan - 150,000. Twenty-five percent of the stock options vested immediately while the balance vests over the next year. The stock options have an exercise price of $0.37 per share, exercisable on or before July 23, 2016. After these grants, 13,375,000 common shares remain available for issuance under the Company's stock option plan.

About Enablence Technologies Inc.

Enablence Technologies 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 Technologies 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 Technologies is a fables 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
    President and Chief Executive Officer
    (613) 270-7859