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News Article | December 8, 2016
Site: www.marketwired.com

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 8, 2016) - Esrey Energy Ltd. ("Esrey" or the "Company") (TSX VENTURE:EEL) is pleased to announce the signing of a non-binding Letter of Intent (the "LOI") with Enablence Technologies Inc. ("Enablence") (TSX VENTURE:ENA), an emerging supplier of optical components and subsystems for telecommunication access in metro and data center markets that provides for a combination of the two companies (the "Business Combination"). Enablence is currently rolling out its optical platform which is based on a fully integrated architecture. Its subassembly has significant cost, power consumption, size and performance usage benefits. The addressable market for its initial metro access optical network product is growing exponentially and is estimated to be approximately US$800 million by 2018 (Source: OVUM market forecast). Enablence is also developing a 100G TxRx (Tosa Rosa) for the data centre market. Under the proposed terms of the LOI, Esrey shareholders will receive approximately 2 shares of Enablence for each share of Esrey owned, subject to final due diligence, a premium of 74.9% to the 20 day Esrey VWAP. The consideration to Esrey shareholders is based on the net cash remaining in Esrey at closing divided $0.08, being equal to the price of the Enablence non-brokered private placement (the "Enablence Private Placement") financing at a price of $0.08 per share (the "Issue Price") announced by Enablence today and is subject to TSX Venture Exchange approval. Upon completion of the Business Combination, the shareholders of Esrey are expected to own approximately 13.6% of the pro forma company, before accounting for any shares issued as part of the Enablence Private Placement.. As outlined in the LOI, Enablence and Esrey have entered into a 60-day exclusivity period. Enablence and Esrey believe that the Business Combination will result in significant benefits to the shareholders of each company, including: Pursuant to the terms of the LOI, the completion of the Business Combination is conditional upon a number of items, including without limitation, the signing of a Definitive Agreement, completion of satisfactory due diligence, approval of the shareholders of Esrey, receipt of all necessary regulatory approvals, Enablence raising a minimum $4,000,000 by way of the Private Placement and exercise of outstanding warrants, formalization of the legal structure of the transaction and no material adverse change occurring with respect to either Enablence or Esrey. 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 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. Esrey is a Canadian exploration and development company focused on developing oil and gas reserves in Papua New Guinea and Bulgaria. The Company is headquartered in Vancouver, British Columbia, Canada. In Papua New Guinea, Esrey holds a 50.55% net interest in PPL 486, covering approximately 530,000 acres, a 60% net interest in PRL 13, covering approximately 40,000 gross acres, and an 84.25% interest in PPL 321 in northern Papua New Guinea, covering approximately 1.8 million gross acres. Esrey has entered into a farm-in agreement relating to 405,080 acres of prospective argillite formation in Bulgaria with Direct Petroleum Bulgaria EOOD, a subsidiary of TransAtlantic Petroleum Ltd. Esrey shares trade on the TSX Venture Exchange under the symbol "EEL". For more information, visit www.esreyenergy.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. Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans and estimates of management at the date the information is provided and certain factors and assumptions of management. Forward looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Factors that could cause the forward-looking information in this news release to change or to be inaccurate include, but are not limited to, the risks related to unsatisfactory results of due diligence, international operations and doing business in foreign jurisdictions, risks associated with the oil and gas industry and exploratory and development activities generally (e.g., operational risks in development, exploration and production, delays or changes in plans with respect to exploration or development projects or capital expenditures, risks associated with equipment procurement and equipment failure), the risk of commodity price and foreign exchange rate fluctuations, risks related to future royalty rate changes, and risks and uncertainties associated with securing and maintaining necessary regulatory approvals, and counterparty risk related to the stability and viability of the Company's joint venture participants.


OTTAWA, ONTARIO--(Marketwired - Dec. 8, 2016) - Enablence Technologies Inc. ("Enablence" or the "Company") (TSX VENTURE:ENA), a leading supplier of optical components and subsystems for telecommunication and data centre markets today announced a non-brokered private placement financing (the "Financing") for up to 50,000,000 common shares (the "Shares") at a price of $0.08 per share (the "Issue Price"), subject to TSX Venture Exchange approval. Enablence intends to use the proceeds from the financing as growth capital for current and future products, plus general corporate purposes. A portion of the proceeds will be used to fund a capex program to optimize Enablence's supply chain. Capital will also be deployed to complete development of the 100G TxRx product for the fast growing data centre market. The balance of the capital will be used for general corporate purposes and working capital. Upon issuance, all securities will be subject to a four month hold period pursuant to applicable securities laws. Enablence is also pleased to announce the signing of a non-binding Letter of Intent (the "LOI") with Esrey Energy Ltd. ( "Esrey") (TSX VENTURE:EEL) that provides for a combination of the two companies (the "Business Combination"). Under the proposed terms of the LOI, Esrey shareholders will receive approximately 2 shares of Enablence for each share of Esrey owned, and will be based on the net cash remaining in Esrey at closing divided by the Issue Price. Upon completion of the Business Combination, the shareholders of Esrey are expected to own 13.6% of the pro forma company, before accounting for any shares issued as part of the Private Placement. As outlined in the LOI, Enablence and Esrey have entered into a 60-day exclusivity period. Enablence and Esrey believe that the Business Combination will result in significant benefits to the shareholders of each company, including: Pursuant to the terms of the LOI, the completion of the Business Combination is conditional upon a number of items, including without limitation, the signing of a Definitive Agreement, completion of satisfactory due diligence, approval of the shareholders of Esrey, receipt of all necessary regulatory approvals, Enablence raising a minimum $4,000,000 by way of the Private Placement and exercise of outstanding warrants, formalization of the legal structure of the transaction and no material adverse change occurring with respect to either Enablence or Esrey. 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 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. Esrey is a Canadian exploration and development company focused on developing oil and gas reserves in Papua New Guinea and Bulgaria. Esrey is headquartered in Vancouver, British Columbia, Canada. For more information, visit www.esreyenergy.com. This press release may contain forward-looking statements, in particular with respect to the approval of the TSX Venture Exchange, the Business Combination, and future growth of the continuing operations 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.


News Article | November 10, 2016
Site: www.newsmaker.com.au

Fiber to the home is a communication technology which delivers the communication signal over optical fiber directly to the home from the operator’s switching equipment. Fiber to the home is replacing traditional copper infrastructures such as coaxial cables and telephone wires. At present, Fiber to the home market is in nascent stage and offers enormous advancements in bandwidth to the consumers which enables fast access to videos, voice, data and internet services. Fiber to the home technology offers high speed of network at affordable prices. Fiber to the home provides support to applications such as telehealth, community based security, social applications, art & education applications, mobility, home automation, video conferencing, online storage, property management etc. Fiber to the home market can be segmented on the basis of type into Homes Passed and Homes Connected. At present, Connected Homes segment has highest market share in global Fiber to the home market. On the basis of Deployment Provider Type, the global Fiber to the home market can be segmented into Incumbent Local Exchange Carrier (ILEC), Competitive Local Exchange Carrier (CLEC), Municipality/ Publicly Owned Systems, Developer/ Integrator, Multi-system Operator (MSO) Cable and Electric Co-ops. In 2014, Incumbent Local Exchange Carrier segment represents highest market share in global fiber to the home market.  Fiber to the home has many applications such as Internet Video, VoIP, File Sharing, Online Gaming, Web/ Data, Video Conferencing etc. The end users of Fiber to the home market can be classified into urban area, sub-urban area and rural area. At present, urban area segment has highest share contribution in global fiber to the home market and sub-urban area segment is expected to reflect highest growth rate over the forecast period. The global Fiber to the home market is expected to witness a healthy CAGR through 2025 due to increasing adoption of fiber to the home among telecom carriers across the globe. Regionally, the Fiber to the home market can be segmented into North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan (APEJ), Japan and Middle East & Africa (MEA).  At Present, among all the regions, North America followed by Japan is expected to account for the highest share in global smart manufacturing market. Latin America and MEA regions are reflecting slow penetration as compared to other regions. Increasing demand of high speed network at home for accessing online entertainment, smart systems and online books, apps and music, supplemented by technological advancement and growing penetration of cloud computing, smart grids, e-learning, e-health and e-governance service across the word are expected to drive the Fiber to the home market growth between 2015 and 2025. Furthermore, FTTH Providers are continuously supporting Greenfield activity by replacing old copper wires with fiber. In addition, more number of telecom carriers have started adapting fiber to the home to offer their customers with high bandwidth to access data. However, high capital investment, stringent regulatory risks and geographic limitations are restricting the growth of global Fiber to the home market. The key players operating in the global Fiber to the home market includes 3M Communication Technologies, ADTRAN Inc., Huawei Technologies Co. Ltd, DASAN Networks Inc., FiberHome Networks Co. Ltd., Enablence Technologies Inc., ZTE Corporation, Mitsubishi Electric Corp., Fujikura Ltd. and Superior Essex Inc.. Major players in the market follow the strategy of introducing innovative and cost effective solution to buy out competition. In addition, strategic partnership, collaborations and joint ventures are the other major strategies followed by the Fiber to the home solution provider to outperform competitors.


Raghunathan V.,Massachusetts Institute of Technology | Izuhara T.,Enablence Technologies | Michel J.,Massachusetts Institute of Technology | Kimerling L.,Massachusetts Institute of Technology
Optics Express | Year: 2012

Temperature sensitivity of Si based rings can be nullified by the use of polymer over-cladding. Integration of athermal passive rings in an electronic-photonic architecture requires the possibility of multi-layer depositions with patterned structures. This requires establishing UV, thermal and plasma stability of the polymer during multi-layer stacking. UV stability is enhanced by UV curing to saturation levels. However, thermal stability is limited by the decomposition temperature of the polymer. Further, robust performance in oxidizing atmosphere and plasma exposure requires a SiO 2/SiNx based dielectric coatings on the polymer. This communication uses a low temperature (130°C) High Density Plasma Chemical Vapor Deposition (HDPCVD) for dielectric encapsulation of polymer cladded Si rings to make them suitable for device layer deposition. UV induced cross-linking and annealing under vacuum make polymer robust and stable for Electron Cyclotron Resonance (ECR)-PECVD deposition of 500nm SiO2/SiNx. The thermo-optic (TO) properties of the polymer cladded athermal rings do not change after dielectric cap deposition opening up possibilities of device deposition on top of the passive athermal rings. Back-end CMOS compatibility requires polymer materials with high decomposition temperature (> 400°C) that have low TO coefficients. This encourages the use of SiNx core waveguides in the backend architecture for athermal applications. © 2012 Optical Society of America.


News Article | October 5, 2015
Site: www.marketwired.com

OTTAWA, ONTARIO--(Marketwired - Oct. 5, 2015) - 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, today announced the closing of the last tranche of the financing announced on August 21, 2015 (the "Financing"), in the amount of $3,175,000 at a price of $0.05 per unit ("Unit). Each Unit is comprised of one common share and one half of one common share purchase warrant ("Warrants"). Each full Warrant is exercisable for a period of 18 months at an exercise price of $0.06 per Warrant. As a result, 63,500,000 shares and 31,750,000 Warrants were issued. The shares and Warrants are subject to a four month hold period expiring on February 6, 2016. In total, this Financing raised $4,000,000. This Financing achieves one of the conditions that was set by a senior, investment grade lender for the provision of a loan facility of up to $3,000,000 (the "Loan Facility"). This condition was part of a "non-binding indication" letter. The Loan Facility is designed to finance purchase orders from ZTE Corporation to Enablence. The proceeds from the Financing, as previously announced, will be used to help fund the Company's growth, including the ability to meet increasing volume requirements from key customers and the ongoing research and development work and also to continue the process of debt reduction by repayment of certain unsecured short term loans and certain secured loan arrangements. 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 future financing transactions, 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.


OTTAWA, ONTARIO--(Marketwired - Oct. 30, 2016) - 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 audited financial results for the year ended June 30, 2016. Additional information concerning the Company, including its audited 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, 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.


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.


News Article | December 22, 2016
Site: www.marketwired.com

OTTAWA, ONTARIO--(Marketwired - Dec. 22, 2016) - 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, today announced the closing of the first tranche of the private placement announced on December 8, 2016 (the "Financing"), for 25,000,000 shares in the amount of $2,000,000 at a price of $0.08 per share. The Company has also received a commitment for 6,250,000 additional shares representing additional gross proceeds of $500,000, and including the expected exercise of outstanding warrants, the Company will be in a position to have satisfied the condition to raise a minimum of $4,000,000 required pursuant to the terms of the non-binding Letter of Intent with Esrey Energy Ltd. 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. The shares issued under the Financing are subject to a four-month hold period pursuant to applicable securities laws until April 23, 2017. 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. 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, ONTARIO--(Marketwired - Nov. 29, 2016) - 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 first quarter ended September 30, 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 first quarter ended September 30, 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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