Enablence Technologies Appoints Dan Hilton to its Board of Directors, Announces CFO Departure
Toronto, Canada – August 6, 2012 – Enablence Technologies Inc. (“Enablence” or the “Company”) (TSX VENTURE: ENA) announced today that it has appointed Dan Hilton to its board of directors. The Company further announced that its chief financial officer, David Toews, will be departing from the Company on August 31, 2012.
Dan Hilton is a Chartered Accountant with an MBA from both Queen’s University and Cornell University. Dan brings entrepreneurial, financial and governance experience to the board having been a director on a number of public, private and not for profit companies. Dan worked previously with Enablence in several roles, including Senior Vice President of Corporate Development, and was instrumental in the Company’s early growth through 2008. His return to Enablence and familiarity will add operational and industry insight.
David Toews, chief financial officer of Enablence has announced his departure, and will be leaving Enablence at the end of August 2012. The Company has initiated a search for his replacement.
“We are very pleased to have Dan join our board, and look forward to the strategic and operational guidance he will provide to the Company,” said Peter Dey, Chair of Enablence. “We also thank Dave for his significant contributions to the Company and wish him the best in his new opportunity.”
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 planar lightwave circuit (“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, visit www.enablence.com.
This press release may contain forward-looking statements, in particular with respect to replacement of the Company’s chief financial officer that are made as of the date hereof and are 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.
Chief Financial Officer
+1 (647) 729-1605