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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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Enablence Technologies Inc. Announces Filing of its Results for the Year Ended June 30,2017

Ottawa, Canada – October 27, 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 year ended June 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 year ended June 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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Enablence Technologies Announces addition to Board of Directors

Ottawa, Canada – September 8, 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, is pleased to announce the appointment of Dan Shmitt to the Enablence Board of Directors.

Dan is the CIO for the three entities of Major League Baseball (Major League Baseball Advanced Media, Major League Baseball Office of the Commissioner, and Major League Baseball Network).  He provides MLB’s strategic vision, defining the roadmap for all back-office technology for the three entities.  Prior to joining MLB, Dan presided over Shmitt Technologies LLC, a technology consulting firm headquartered in New York City that he founded in 2006 and sold in 2015.  Dan earned a Bachelor’s Degree in Business Management with a Major in Information Systems and holds several technical certifications.

In addition, the Company is announcing that Mr. Gao has resigned from the Board of Directors after serving in the position since 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.

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. 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 $6 million Debenture Offering and Securities for Debt Transaction

Not for distribution to United States newswire services or for dissemination in the United States

Ottawa, Canada – June 30, 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, today announced the closing of the previously announced private placement of unsecured convertible debentures (the “Debentures”) for gross proceeds of approximately $6 million (the “Debenture Offering”).

The Debentures bear interest at a rate of 10% per annum, payable quarterly commencing on September 30, 2017 and are convertible, at the option of their holder, into common shares of the Company (the “Shares”) at a price of $0.08 per Share representing a conversion rate of approximately 12,500 Shares per $1,000 of principal amount of Debentures. The Debentures will mature on June 30, 2020.

As previously announced, the Company also entered into a debt settlement agreement with a creditor to settle outstanding cash advances totalling $2 million by the issuance of 7,142,857 Shares for an aggregate value of $500,000 and the issuance of $1.5 million principal amount of Debentures (the “Securities for Debt Transaction”).

The securities issued under the Debenture Offering and the Securities for Debt Transaction are subject to a four-month hold period pursuant to applicable securities laws until October 31, 2017.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, or for the account or benefit of U.S. persons (as such term is defined in Regulation S under the United States Securities Act of 1933, as amended).

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 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. 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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