Enablence Technologies Announces Grant of Stock Options
Ottawa, Canada – March 21, 2013– Enablence Technologies Inc. (“Enablence” or the “Company”) (TSX VENTURE: ENA), a leading supplier of optical components and subsystems for telecommunication access, metro and long-haul markets and enterprise and other applications, has announced today that it has granted options to non-employee directors, officers, employees and consultants and has finalized the CEO’s consulting arrangements.
The Company has finalized a two year consulting agreement for the services of Louis De Jong as CEO of the Company, through his company De Jong & Co. Mr. De Jong was announced as CEO of the Company in February 2013. The Board of Directors has granted options for 5,020,000 common shares to non-employee directors, officers, employees and consultants at an exercise price of $0.33 per share, which includes an option grant for 1,425,000 common shares to the CEO as part of his consulting agreement.
About Enablence Technologies Inc.
Enablence Technologies Inc. is a publicly traded company (TSX VENTURE: ENA) that designs, manufactures and sells optical components and subsystems to a global customer base. It utilizes its patented technologies including PLC intellectual property in the production of an array of photonics components and broadband subsystems that deliver a key portion of the infrastructure for 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, visitwww.enablence.com.
This press release may contain forward-looking statements based on current expectations, forecasts and assumptions which involve risks and uncertainties associated with our business and the economic environment in which the business operates. All such statements are made pursuant to the ‘safe harbour’ provisions of, and are intended to be forward-looking statements under, applicable Canadian securities legislation. Any statements contained herein that are statements of historical facts may be deemed to be forward-looking statements. By their nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties. We caution our readers of this press release not to place undue reliance on our forward looking statements as a number of factors could cause actual results or conditions to differ materially from current expectations. Please refer to the risks set forth in the Company’s continuous disclosure documents that can be found on SEDARwww.sedar.com. Enablence does not intend, and disclaims any obligation, except as required by law, to update or revise any forward looking statements whether as a result of new information, future events or otherwise.
For further information contact:
Enablence Technologies Inc.
Louis De Jong, Chief Executive Officer and Director
+1 613 656 2850