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News Article | May 19, 2017
Site: globenewswire.com

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OTTAWA, May 19, 2017 (GLOBE NEWSWIRE) -- 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 first tranche of the private placement of common shares previously announced (the “Financing”) for 30,699,971 common shares representing gross proceeds of approximately $2,148,998 at a price of $0.07 per share. The proceeds from the Financing, as previously announced, are intended to be used as growth capital for current and future products, plus general corporate purposes. A portion of the funds will be used to fund a capital expenditure program to expand the production of the Company’s Planar Lightwave Circuit (PLC) chips. This expansion is needed to satisfy existing purchase orders and anticipated future demand of the Company’s metro market focused 100G TxRx products. A portion of the funds will also be allocated to complete the development of the 100G TxRx product for the fast growing data centre market and for research and development activities focused on the Company’s next generation 200/400G products. The balance of the funds will be used for general corporate purposes and working capital. As previously announced on April 5, 2017, a “related party” of the Company participated in the Financing and subscribed for 17,142,857 common shares. Participation of a related party of the Company in the Financing constitutes a “related party transaction” as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Financing is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101, as neither the fair market value of securities being issued to the related party nor the consideration being paid by the related party will exceed 25% of the Company’s market capitalization. The Company did not file a material change report 21 days prior to the closing of the Financing as the details of the participation of the related party of the Company had not been confirmed at that time. The common shares issued under the first tranche of the Financing are subject to a four-month hold period pursuant to applicable securities laws until September 20, 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). 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 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. 0 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.


News Article | May 19, 2017
Site: globenewswire.com

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OTTAWA, May 19, 2017 (GLOBE NEWSWIRE) -- 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 first tranche of the private placement of common shares previously announced (the “Financing”) for 30,699,971 common shares representing gross proceeds of approximately $2,148,998 at a price of $0.07 per share. The proceeds from the Financing, as previously announced, are intended to be used as growth capital for current and future products, plus general corporate purposes. A portion of the funds will be used to fund a capital expenditure program to expand the production of the Company’s Planar Lightwave Circuit (PLC) chips. This expansion is needed to satisfy existing purchase orders and anticipated future demand of the Company’s metro market focused 100G TxRx products. A portion of the funds will also be allocated to complete the development of the 100G TxRx product for the fast growing data centre market and for research and development activities focused on the Company’s next generation 200/400G products. The balance of the funds will be used for general corporate purposes and working capital. As previously announced on April 5, 2017, a “related party” of the Company participated in the Financing and subscribed for 17,142,857 common shares. Participation of a related party of the Company in the Financing constitutes a “related party transaction” as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Financing is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101, as neither the fair market value of securities being issued to the related party nor the consideration being paid by the related party will exceed 25% of the Company’s market capitalization. The Company did not file a material change report 21 days prior to the closing of the Financing as the details of the participation of the related party of the Company had not been confirmed at that time. The common shares issued under the first tranche of the Financing are subject to a four-month hold period pursuant to applicable securities laws until September 20, 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). 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 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. 0 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.


News Article | May 19, 2017
Site: globenewswire.com

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OTTAWA, May 19, 2017 (GLOBE NEWSWIRE) -- 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 first tranche of the private placement of common shares previously announced (the “Financing”) for 30,699,971 common shares representing gross proceeds of approximately $2,148,998 at a price of $0.07 per share. The proceeds from the Financing, as previously announced, are intended to be used as growth capital for current and future products, plus general corporate purposes. A portion of the funds will be used to fund a capital expenditure program to expand the production of the Company’s Planar Lightwave Circuit (PLC) chips. This expansion is needed to satisfy existing purchase orders and anticipated future demand of the Company’s metro market focused 100G TxRx products. A portion of the funds will also be allocated to complete the development of the 100G TxRx product for the fast growing data centre market and for research and development activities focused on the Company’s next generation 200/400G products. The balance of the funds will be used for general corporate purposes and working capital. As previously announced on April 5, 2017, a “related party” of the Company participated in the Financing and subscribed for 17,142,857 common shares. Participation of a related party of the Company in the Financing constitutes a “related party transaction” as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Financing is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101, as neither the fair market value of securities being issued to the related party nor the consideration being paid by the related party will exceed 25% of the Company’s market capitalization. The Company did not file a material change report 21 days prior to the closing of the Financing as the details of the participation of the related party of the Company had not been confirmed at that time. The common shares issued under the first tranche of the Financing are subject to a four-month hold period pursuant to applicable securities laws until September 20, 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). 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 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. 0 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.


News Article | May 19, 2017
Site: globenewswire.com

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OTTAWA, May 19, 2017 (GLOBE NEWSWIRE) -- 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 first tranche of the private placement of common shares previously announced (the “Financing”) for 30,699,971 common shares representing gross proceeds of approximately $2,148,998 at a price of $0.07 per share. The proceeds from the Financing, as previously announced, are intended to be used as growth capital for current and future products, plus general corporate purposes. A portion of the funds will be used to fund a capital expenditure program to expand the production of the Company’s Planar Lightwave Circuit (PLC) chips. This expansion is needed to satisfy existing purchase orders and anticipated future demand of the Company’s metro market focused 100G TxRx products. A portion of the funds will also be allocated to complete the development of the 100G TxRx product for the fast growing data centre market and for research and development activities focused on the Company’s next generation 200/400G products. The balance of the funds will be used for general corporate purposes and working capital. As previously announced on April 5, 2017, a “related party” of the Company participated in the Financing and subscribed for 17,142,857 common shares. Participation of a related party of the Company in the Financing constitutes a “related party transaction” as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Financing is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101, as neither the fair market value of securities being issued to the related party nor the consideration being paid by the related party will exceed 25% of the Company’s market capitalization. The Company did not file a material change report 21 days prior to the closing of the Financing as the details of the participation of the related party of the Company had not been confirmed at that time. The common shares issued under the first tranche of the Financing are subject to a four-month hold period pursuant to applicable securities laws until September 20, 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). 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 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. 0 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.


News Article | May 19, 2017
Site: globenewswire.com

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OTTAWA, May 19, 2017 (GLOBE NEWSWIRE) -- 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 first tranche of the private placement of common shares previously announced (the “Financing”) for 30,699,971 common shares representing gross proceeds of approximately $2,148,998 at a price of $0.07 per share. The proceeds from the Financing, as previously announced, are intended to be used as growth capital for current and future products, plus general corporate purposes. A portion of the funds will be used to fund a capital expenditure program to expand the production of the Company’s Planar Lightwave Circuit (PLC) chips. This expansion is needed to satisfy existing purchase orders and anticipated future demand of the Company’s metro market focused 100G TxRx products. A portion of the funds will also be allocated to complete the development of the 100G TxRx product for the fast growing data centre market and for research and development activities focused on the Company’s next generation 200/400G products. The balance of the funds will be used for general corporate purposes and working capital. As previously announced on April 5, 2017, a “related party” of the Company participated in the Financing and subscribed for 17,142,857 common shares. Participation of a related party of the Company in the Financing constitutes a “related party transaction” as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Financing is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101, as neither the fair market value of securities being issued to the related party nor the consideration being paid by the related party will exceed 25% of the Company’s market capitalization. The Company did not file a material change report 21 days prior to the closing of the Financing as the details of the participation of the related party of the Company had not been confirmed at that time. The common shares issued under the first tranche of the Financing are subject to a four-month hold period pursuant to applicable securities laws until September 20, 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). 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 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. 0 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.


OTTAWA, May 26, 2017 (GLOBE NEWSWIRE) -- 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, 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 third quarter ended March 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. 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.


News Article | June 21, 2017
Site: www.marketwired.com

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Enablence Technologies Inc. ("Enablence" or the "Company") (TSX VENTURE:ENA), a leading supplier of optical components and subsystems for access, metro and long-haul markets, announces that under the previously announced private placement of common shares (the "Equity Financing") it has received commitments to purchase 8,542,857 common shares of the Company (the "Shares) representing additional gross proceeds of approximately $600,000. The Company expects to close such subscriptions by the end of June 2017. The Company also intends to complete the previously announced private placement financing (together with the Equity Financing, the "Financings") of up to $6 million principal amount of unsecured convertible debentures (the "Debentures") on or about June 30, 2017, subject to the approval of the TSX Venture Exchange. The Company has received indication of interest for approximately $6 million principal amount of Debentures. The Debentures will bear interest at a rate of 10% per annum, payable quarterly commencing on September 30, 2017. The Debentures will be convertible, at the option of their holder, into Shares at a price of $0.08 per Share representing a conversion rate of approximately 12,500 Shares per $1,000 principal amount of Debentures. The Debentures will mature 36 months after their issuance. Under the same terms as the Financings, certain investors have advised the Company that they will enter into debt settlement agreements with the Company to settle outstanding cash advances totalizing $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, subject to the approval of the TSX Venture Exchange. The proceeds from the Financings, as previously announced, are intended to be used as growth capital for current and future products, plus general corporate purposes. A portion of the funds will be used to fund a capital expenditure program to expand the production of the Company's Planar Lightwave Circuit (PLC) chips. This expansion is needed to satisfy existing purchase orders and anticipated future demand of the Company's metro market focused 100G TxRx products. A portion of the funds will also be allocated to complete the development of the 100G TxRx product for the fast growing data centre market and for research and development activities focused on the Company's next generation 200/400G products. The balance of the funds will be used for general corporate purposes and working capital. The securities which will be issued under the Financings are subject to a four-month hold period pursuant to applicable securities laws. 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 (the "U.S. Securities Act")). The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a "U.S. person" (as defined in Regulation S under the U.S. Securities Act) unless an exemption from such registration is available. 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 Financings, debt to equity conversion and the anticipated use of proceeds 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. 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.


News Article | June 13, 2017
Site: globenewswire.com

OTTAWA, June 13, 2017 (GLOBE NEWSWIRE) -- 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 it has changed auditors from Deloitte’s LLP (“Deloitte”) to MNP LLP (“MNP”) effective June 8, 2017.   In conjunction with the resignation of the former auditor Deloitte, MNP was appointed the successor auditor as of the effective date of June 8, 2017. In accordance with National Instrument 51-102 ("NI-51-102"), the Company has filed a Change of Auditor Notice ("Notice") on SEDAR together with letters from both Deloitte and MNP, with each letter confirming that it is in agreement with the statements contained in the Notice, as applicable. There were no reportable events as defined in NI 51-102 between Deloitte and the Company. 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 . 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. 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.


News Article | June 14, 2017
Site: www.prnewswire.com

·         Eighteen of the world's biggest corporations (see image above) and dozens of government agencies are working on Quantum Computing or partnering with startups like D-Wave. ·         Near-term expectations for quantum computing range from solving optimization problems, quantum-encrypted communications, artificial intelligence, smart manufacturing & logistics and smart retail, through quantum computing in the cloud and molecular structure research. ·         Smaller quantum computers will make other contributions to industry (energy, logistics etc.), defense and national security intelligence, as well as other markets spanning from drug design to finance. ·         Even simple quantum computers can tackle classes of problems that choke conventional machines, such as optimizing trading strategies or pulling promising drug candidates from scientific literature. ·         The fierce competition at the national industrial and academic level is leading to a race for quantum supremacy. ·         The competitors are all worthy of respect, especially because they are striving for supremacy not just over each other, but over a problem so big and so complex, that anybody's success is everybody's success. 2024 Market* – $10.7 Billion. 2 Volume Report. We are in the midst of a "Quantum Computing Supremacy Race" one that will result in groundbreaking computing power, enabling disruptive new quantum computing technologies that have the potential to change long-held dynamics in commerce, intelligence, military affairs and strategic balance of power. If you have been paying attention to the news on quantum computing and the evolution of industrial and national efforts towards realizing a scalable, fault-tolerant quantum computer, that can tackle problems, unmanageable to current supercomputing capabilities, then you know that something big is stirring throughout the quantum world. In a way that was unheard of five years ago, quantum physicists are now partnering with corporate tech giants, to develop quantum computing capabilities and technologies as the foundation of a second information age. Eighteen of the world's biggest corporations (see image above) and dozens of government agencies are working on Quantum Computing or partnering with startups like D-Wave. Near-term expectations for quantum computing range from solving optimization problems, quantum-encrypted communications, artificial intelligence, smart manufacturing & logistics and smart retail, through quantum computing in the cloud and molecular structure research. Smaller quantum computers will make other contributions to industry (energy, logistics etc.), defense and national security intelligence, as well as other markets spanning from drug design to finance. Even simple quantum computers can tackle classes of problems that choke conventional machines, such as optimizing trading strategies or pulling promising drug candidates from scientific literature. The fierce competition at the national industrial and academic level is leading to a race for quantum supremacy. The competitors are all worthy of respect, especially because they are striving for supremacy not just over each other, but over a problem so big and so complex, that anybody's success is everybody's success. According to the report, "Quantum Computing Technologies & Global Market – 2017-2024", the global Quantum Computing market* will reach $10.7 billion by 2024, out of which $8.45 billion stemming from product sales and services and $2.25 billion from Gov. RDT&E programs and funding. The 2-volume 520-page landmark report is the only comprehensive review of the global quantum computing market available today. This report is a valuable resource for executives with interests in the market. It has been explicitly customized for ICT industry, investors and government decision-makers to enable them to identify business opportunities, emerging applications, market trends and risks, as well as to benchmark business plans. The report provides an updated extensive data of the leading 52 Quantum Computing vendors: - 1Qbit - Agilent Technologies - Aifotec AG - Airbus Group - Alcatel-Lucent - Alibaba Group Holding Limited - Anyon Systems, Inc - Artiste-qb.net - Avago Technologies - Booz Allen Hamilton - British Telecommunications (BT) - Cambridge Quantum Computing - Ciena Corporation - Cyoptics - D-Wave Systems Inc - Eagle Power Technologies, Inc - Nano-Meta Technologies - Emcore Corporation - Enablence Technologies - Fathom Computing - Finisar Corporation - Fuijitsu Limited - Google Quantum AI Lab - H-Bar Quantum Consultants - Hewlett Packard Enterprise Company - IBM - ID Quantique Infinera Corporation - Intel Corporation - IonQ - JDS Uniphase Corporation - Kaiam Corporation - Lockheed Martin Corp. - MagiQ Technologies, Inc. - Microsoft Quantum Architectures and - Computation Group (QuArC) - Mitsubishi Electric Corp. - NEC - Nokia Bell Labs - NTT Basic Research Laboratories and - NTT Secure Platform Laboratories - Optalysys Ltd. - Post-Quantum - QbitLogic - QC Ware Corp. - Quantum Hardware Inc - Qubitekk - QxBranch - Quintessence Labs - Raytheon BBN - Rigetti Computing - SK Telecom - Sparrow Quantum - Toshiba Read the full report: http://www.reportlinker.com/p04838492/Quantum-Computing-Technologies-Global-Market-.html About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. http://www.reportlinker.com __________________________ Contact Clare: clare@reportlinker.com US: (339)-368-6001 Intl: +1 339-368-6001 To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/quantum-computing-technologies-markets-will-reach-107-billion-by-2024-300474271.html


OTTAWA, ONTARIO--(Marketwired - March 1, 2017) - Enablence Technologies Inc. ("Enablence" or the "Company") (TSX VENTURE: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, 2016. 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, 2016 can be found at www.sedar.com. 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. 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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