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Enablence Technologies Inc. Announces Filing of its Results for the Second Quarter Ended December 31, 2018 and Grant of Stock Options to CEO

Ottawa, Canada – March 1, 2019 – Enablence Technologies Inc. (“Enablence” or the “Company”) (TSXV: 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 second quarter ended December 31, 2018.  Additional information concerning the Company, including its unaudited consolidated financial statements (“Financial Statements”) and its Management’s Discussion and Analysis of Financial Condition and Results of Operations (“MD&A”) for the second quarter ended December 31, 2018 can be found at www.sedar.com.

On February 28, 2019, the CEO of the Company was granted stock options to purchase 8 million common shares of the Company at an exercise price of $0.05 CDN and an expiry date of February 28, 2029.  These options vest in 4 equal annual installments, on subsequent anniversary dates of the grant, commencing with the first 25% vesting on February 28, 2020.

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.

For further information contact:

Enablence Technologies Inc.

+1 613 656-2850 ext. 3

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.

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Enablence Launches High-Performance CWDM and LWDM MUX and DEMUX Products

High-performance CWDM and LWDM devices enable broader applications of Data Center Interconnection and 5G application, with ultra-low insertion loss and ultra-wide passbands.

Fremont, Calif., March 6, 2019 – Enablence Technologies Inc. (“Enablence” or the “Company”) (TSXV: ENA), a leading supplier of innovative integrated optical products for data center interconnection and 5G networks, today announced a new family of high performance and low-cost planar lightwave circuit (PLC) products for Coarse Wavelength Division Multiplexing and LAN Wavelength Division Multiplexing.  The products combine Enablence’s advanced VortexTM design and proprietary APCVD processing technology, to provide ultra-low insertion loss and ultra-wide passband performance, which are crucially needed for the next generation 4x100G data center interconnection applications, and the emerging 5G applications.

As the data center market continues to grow at a 30% rate in the past 4 years, there is an increasing demand for high performance and low-cost CWDM and LWDM multiplexers and demultiplexers. The next generation data center interconnection applications, where the 4x100G technology is applied, demands high performance from the PLC. Low insertion loss is essential to achieve error-free transmission of data. Meanwhile, for 5G applications, extended temperature ranges are often needed, sometimes as much as -400C and 850C (for outdoor applications). Enablence has successfully addressed both of these concerns. Enablence MUX and DEMUX PLCs can achieve ultra-low insertion loss with on-chip losses less than 1.0dB. At the same time, passbands can exceed 16 nm for these same chips. Enablence maintains an active program to further improve performance, most notably in insertion loss.

 “Over the course of product development, we have worked closely with several of our large customers, and at this stage, devices have been tested in the engineering lab as well as in the production lines with several market leaders.  Our customers are very satisfied with the product performance they have received.  Meanwhile,  the high yield across our wafers leads to low cost for the backend manufacturing, allowing us to eliminate some screening tests, resulting in tremendous cost saving.”  said Steve Wang, Enablence’s Chief Executive Office.  “Enablence is focusing on their core competency in planar lightwave circuit (PLC) design and fabrication.  We are confident that we are the leader in both high performance and low cost.  We ensure our high yield by coherently integrating our design process with our processing technology.  In addition, based on our 20-years of experience in PLC technology development, we can provide a quick turn-around of technology and product development for our strategic customers” added Dr. Wang.       

Fred Chang, SVP and GM of Applied Optoelectronics Inc. (AOI) , one of Enablence’s customers, commented, “We are pleased to work together with Enablence on several projects that are targeted  at  400G datacenter and 5G telecom applications.  The Enablence team has developed high performance products and met an aggressive development schedule, as needed to meet our customers’ requirements.”

The 4-channel CWDM MUX and DEMUX, and the 4-channel and 8-channel LWDM MUX and DEMUX, are available for immediate deliveries.  Products can be shipped with different form factors depending on customer preferences, and they can be delivered in the wafer, chip, and module form.  

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 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.

ABOUT APPLIED OPTOELECTRONICS

Applied Optoelectronics, Inc. (AOI) is a leading developer and manufacturer of advanced optical products, including components, modules and equipment. AOI’s products are the building blocks for broadband fiber access networks around the world, where they are used in the internet datacenter, CATV broadband, fiber-to-the-home and telecom markets. AOI supplies optical networking lasers, components and equipment to tier-1 customers in all four of these markets. In addition to its corporate headquarters, wafer fab and advanced engineering and production facilities in Sugar Land, TX, AOI has engineering and manufacturing facilities in Taipei, Taiwan and Ningbo, China. For additional information, visit www.ao-inc.com.

Forward-looking Statements

This press release may contain forward-looking statements regarding the use of proceeds of the Equity Offering; the timing and ability of the Corporation, if at all, to obtain final approval of the Equity Offering from the TSX Venture Exchange; an exemption being available under MI 61-101 and Policy 5.9 of the TSX Venture Exchange from the minority shareholder approval and valuation requirements for each related party transaction; objectives, goals or future plans; potential financing transactions, lending facilities, debt to equity conversion, future sales and orders, funding of ongoing operations 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 SEDAR www.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.

Steve Wang (CEO)

+1 613 656-2850 ext. 2

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.

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Enablence Technologies Announces Senior Management and Board Changes and receipt of US$4M Purchase Order

Ottawa, Canada – February 6, 2019 – Enablence Technologies Inc. (“Enablence” or the “Company”) (TSXV: ENA), a leading supplier of optical components and subsystems for access, metro and long-haul markets, today announced changes to the composition of its executive management team with changes to its CEO and CFO, changes to its Board of Directors following its Annual and Special Meeting of Shareholders and the receipt of a US$4 million purchase order from a new customer.

Appointment of New Chief Executive Officer Adds Significant Industry Experience and Relationships and New Interim Chief Financial Officer

Steve Wang has been appointed as Chief Executive Officer of the Company, effective immediately. Mr. Wang replaces Evan Chen who has stepped down as CEO of the Company. Mr. Chen will continue to serve as a Director of Enablence.

Mr. Wang is a seasoned technology executive with over 25 years of industry experience. Mr. Wang has held senior management positions at Alien Technology, Checkpoint System Inc. and Finisar. Mr. Wang holds 70 Patents. He earned a Ph.D. in Electrical Engineering from Technical University of Denmark in 1991, and a Ph.D. (ABD) in Semiconductor Physics from Jilin University in China in 1987.

In addition, the Company announced that Todd Zhang, Chief Financial Officer of the Company, is also stepping down. Gerald Leahy will assume the position of Interim CFO along with his current duties as Corporate Treasurer, a position Mr. Leahy has held at the Company since 2012.

Changes to Board of Directors

At the Annual and Special Meeting of Shareholders held on February 5, 2019, Derek H. Burney, Louis De Jong, Dan Shmitt, Evan Chen and Yongxing Zhu were elected directors of the Company. Additionally, Derek H. Burney has been appointed Chairman of the Board of Directors.

US$4 million Purchase Order from New Customer

The Company has received an initial purchase order for multiplexer and demultiplexer chipsets from a new customer. The purchase order is valued at approximately US$4 million with delivery expected over the next 14 months. The order will be completed at Enablence’s facility in Fremont, California.

Steve Wang, CEO of Enablence, stated, “We are pleased to have received this initial purchase order. The order reflects the significant efforts Enablence has made to reinvigorate our sales momentum. We believe the Company is well positioned to execute on additional new business opportunities over the comings months.”

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 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.

Forward-looking Statements

This press release may contain forward-looking statements regarding the business of the Company based on current expectations 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 SEDAR www.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.

+1 613 656-2850 ext. 2

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.

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Enablence Technologies Inc. Announces Filing of its Results for the First Quarter Ended September 30, 2018

 

Ottawa, Canada – November 29, 2018 – Enablence Technologies Inc. (“Enablence” or the “Company”) (TSXV: 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 first quarter ended September 30, 2018.  Additional information concerning the Company, including its unaudited consolidated financial statements (“Financial Statements”) and its Management’s Discussion and Analysis of Financial Condition and Results of Operations (“MD&A”) for the first quarter ended September 30, 2018 can be found at www.sedar.com.

 

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.

 

For further information contact:

Enablence Technologies Inc.

+1 613 656-2850 ext. 3

 

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.


Enablence Technologies Inc. Announces Filing of its Results for the Year Ended June 30, 2018

 

Ottawa, Canada – October 29, 2018 – Enablence Technologies Inc. (“Enablence” or the “Company”) (TSXV: 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 year ended June 30, 2018.  Additional information concerning the Company, including its audited consolidated financial statements (“Financial Statements”) and its Management’s Discussion and Analysis of Financial Condition and Results of Operations (“MD&A”) for the year ended June 30, 2018 can be found at www.sedar.com.

 

On October 26, 2018, the Company received a demand for repayment as well as a forbearance letter from Export Development Canada (“EDC”) on its EDC secured loan, providing the Company with three months to rectify the default on overdue principal and interest payments to EDC (for further details see Note 9 to the June 30, 2018 Financial Statements).

 

Over the past several months, Enablence has been in discussions with several interested parties regarding a potential financing. These discussions have considered a variety of financing alternatives including an equity investment, partnerships, joint ventures and other structures. Enablence is currently continuing these discussions to determine the optimal structure and amount of financing to realize on the current business opportunity.

 

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.

 

For further information contact:

Enablence Technologies Inc.

+1 613 656-2850 ext. 3

 

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.

 

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Enablence Technologies Closes Equity Offering

 

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

 

Ottawa, Canada – July 30, 2018 – Enablence Technologies Inc. (“Enablence” or the “Company”) (TSXV: ENA), a leading supplier of optical components and subsystems for access, metro and long-haul markets, today announced the closing of an equity private placement of 20,000,000 common shares of the Company (the “Common Shares”) at a price of $0.05 per share for total gross proceeds of $1,000,000 (the “Equity Offering”).

The proceeds from the Equity Offering are intended to be used as growth capital for current and future products, plus general corporate purposes.

The Equity Offering is considered to be a “related party transaction” for purposes of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”) and Policy 5.9 – Protection of Minority Security Holders in Special Transactions of the TSX Venture Exchange as the sole subscriber, J. Zechner Associates Inc., is a “related party” of the Company. The Company is relying on exemptions from the formal valuation and minority shareholder approval requirements available under MI 61-101. The Company is exempt from the formal valuation requirement in section 5.4 of MI 61-101 in reliance on sections 5.5(a) and (b) of MI 61-101 as the fair market value of the transaction, insofar as it involves interested parties, is not more than the 25% of the Company’s market capitalization, and no securities of the Company are listed or quoted for trading on prescribed stock exchanges or stock markets. Additionally, the Company is exempt from minority shareholder approval requirement in section 5.6 of MI 61-101 in reliance on section 5.7(b) as the fair market value of the transaction, insofar as it involves interested parties, is not more than the 25% of the Company’s market capitalization. The board of directors of Enablence unanimously approved the Equity Offering.

All Common Shares issued under the Equity Offering are subject to a hold period expiring on November 28, 2018, being four months and one day from the date hereof. The Common Shares have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

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 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.

Forward-looking Statements

This press release may contain forward-looking statements regarding the use of proceeds of the Equity Offering; the timing and ability of the Corporation, if at all, to obtain final approval of the Equity Offering from the TSX Venture Exchange; an exemption being available under MI 61-101 and Policy 5.9 of the TSX Venture Exchange from the minority shareholder approval and valuation requirements for each related party transaction; objectives, goals or future plans; potential financing transactions, lending facilities, debt to equity conversion, future sales and orders, funding of ongoing operations 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 SEDAR www.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.

Evan Chen

CEO

+1 613 656-2850 ext. 2

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.

 

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Enablence Technologies Announces Director Resignation

 

Ottawa,  Canada  –  July 4,  2018  –  Enablence  Technologies  Inc.  (“Enablence”  or the “Company”) (TSXV: ENA), a leading supplier of optical components and subsystems for access, metro and long-haul markets, announced today that Mr. Ming Xu has resigned as a director of the Company effective immediately.  Mr. Xu was ZTE Corporation’s director nominee on the Board of the Company since 2015.

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.

Forward-looking Statements

This press release may contain forward-looking statements regarding potential financing transactions, lending facilities, debt to equity conversion, future sales and orders, funding of ongoing operations 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 SEDAR www.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.

Evan Chen

CEO

+1 613 656-2850 ext. 2

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.

 

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Enablence Technologies Inc. Announces Filing of its Results for the Third Quarter Ended March 31, 2018

 

Ottawa, Canada – May 30, 2018 – Enablence Technologies Inc. (“Enablence” or the “Company”) (TSXV: 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 quarter ended March 31, 2018.  Additional information concerning the Company, including its unaudited 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, 2018 can be found at www.sedar.com.

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.

 

For further information contact:

Enablence Technologies Inc.

+1 613 656-2850 ext. 3

 

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.

 

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Enablence Technologies Inc. Announces Filing of its Results for the Second Quarter Ended December 31, 2017

 

Ottawa, Canada – March 1, 2018 – Enablence Technologies Inc. (“Enablence” or the “Company”) (TSXV: 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 second quarter ended December 31, 2017.  Additional information concerning the Company, including its unaudited consolidated financial statements and its Management’s Discussion and Analysis of Financial Condition and Results of Operations (“MD&A”) for the second quarter ended December 31, 2017 can be found at www.sedar.com.

 

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.

 

For further information contact:

Enablence Technologies Inc.

+1 613 656-2850 ext. 3

 

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.

 

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Enablence Technologies Inc. Announces Filing of its Results for the First Quarter Ended September 30, 2017

Ottawa, Canada – November 28, 2017 – Enablence Technologies Inc. (“Enablence” or the “Company”) (TSXV: 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 first quarter ended September 30, 2017.  Additional information concerning the Company, including its unaudited consolidated financial statements and its Management’s Discussion and Analysis of Financial Condition and Results of Operations (“MD&A”) for the first quarter ended September 30, 2017 can be found at www.sedar.com.

 

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. 

 

For further information contact:

Enablence Technologies Inc.

+1 613 656-2850 ext. 3

 

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.

 

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