Enablence Announces Progress on Ramping of Volume Production
Ottawa, Canada – April 21, 2016 – 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 provide the following update on recent activities.
Preparations for the ramp to volume production of Enablence’s 100 Gbps extended reach transmitter and receiver optical subassembly continue to progress. The installation of the production line has been completed and tested. Enablence expects its Contract Manufacturer to commence commercial production this week with initial shipments to its lead customer following soon thereafter.
The ramp to volume production is supported by Enablence’s receipt of a purchase order in excess of USD $1 million from the customer. Forecast demand for Enablence’s 100 GBPS optical subassemblies is expected to increase significantly over the balance of the calendar year. To support the fulfillment of the volume purchase order, Enablence has started utilizing the senior loan facility provided by Export Development Canada (EDC).
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.
This press release may contain forward-looking statements regarding the future loan arrangements, future orders from customers, additional financing requirements, funding of ongoing operations, operations becoming profitable, are based on current expectations, future demand for products, 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.
+1 613 656-2850 ext. 0
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