Enablence Technologies Inc.

Enablence Technologies Inc.

September 14, 2007 15:36 ET

Enablence Technologies Inc. files Amended and Restated Preliminary Prospectus

OTTAWA, ONTARIO--(Marketwire - Sept. 14, 2007) - Enablence Technologies Inc. (TSX VENTURE:ENA)("Enablence" or the "Corporation"), a developer of Fiber-to-the-Home (FTTH) transceivers for optical modems, announced today that it has filed and has received a receipt from the securities regulators in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Nova Scotia and New Brunswick for its amended and restated preliminary short form prospectus dated September 13, 2007 in connection with a best efforts offering of common shares of the Corporation (the "Offering").

The net proceeds of the Offering are for working capital, expansion of product lines, vertical integration and for general corporate, research and marketing activities. The Offering will be led by Paradigm Capital Inc., in a syndicated arrangement. Final pricing and determination of the number of common shares to be sold pursuant to the Offering will occur immediately prior to the filing of the (final) short form prospectus in respect of the Offering.

The Offering is subject to regulatory approval including approval of the TSX Venture Exchange.

This press release is not an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from U.S. registration requirements.

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.

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