Ottawa, Canada – April 20, 2010 Enablence Technologies Inc. (“Enablence” or the “Company”) (TSX-V: ENA), a leading supplier of fiber-to-the-home (FTTH) equipment for triple-play residential and business services and optical components and subsystems for access, metro and long-haul markets, is expanding its commitment to the domestic market with the hire of a sales and marketing veteran with 20 years of experience in the telecom space to serve as its first dedicated Regional Sales Manager (RSM) for Canada.
Over the past several years, Enablence has emerged as a Canadian success story, building a global business as a provider of vertically integrated FTTH solutions across North America and abroad with its award winning Multi Media Aggregation Node (MAGMN) and TRIDENT7 broadband access platforms.
While other markets have proceeded with FTTH deployment at a faster rate than Canada, Enablence has nonetheless established a strong domestic customer base among small and mid-sized telcos. The company has noted a growing interest among a broader swath of the market, including incumbent carriers, to transition from their traditional copper and hybrid-coaxial networks to take advantage of the future-proof capabilities and near unlimited bandwidth that only fiber can provide.
To take advantage of this emerging market opportunity, 20-year industry veteran Biagio DiBattista has joined Enablence as its first dedicated RSM for the Canadian market.
DiBattista’s proven track record spans data, voice and video services in the telco, cable, utility and large enterprise markets in both Canada and the U.S. He has built and led multi-million-dollar accounts for the likes of Bell, AT&T, fONOROLA and Nortel Networks, as well as smaller players such as Axiowave, BigBand Networks and LightRiver Technologies.
“Biago has the proven ability to open markets, develop a business and grow a team that is aligned with both our corporate objectives and the needs of our customers,” said Tim Thorsteinson, CEO of Enablence. “He is a welcome addition to our team who we expect will significantly grow our Canadian business.”
“Enablence is a Canadian success story that is only starting to realize its full potential,” said DiBattista. “I look forward to working with the team and helping the company confirm its rightful place as Canada’s leading provider of FTTH solutions.”
Market mover and shaker
Enablence’s expanded commitment to the Canadian market comes at the same time that it has been recognized in the Branham300 – an annual ranking of Canada’s top 300 technology companies by Ottawa’s Branham Group, a leading “go to market” consultancy focused on the technology sector.
In the 2010 ranking, Enablence jumped 209 positions to 89th spot and also placed first on the lists of Top Movers and Shakers and Top 10 Growth Companies due to its impressive revenue growth in 2009 – 1,335 per cent.
“The Ottawa-based company underwent significant change during its 2009 fiscal year, integrating three firms it acquired in 2008 into its operations, while also maintaining its focus on building out its sophisticated product line with a significant percentage of its revenues (37 per cent) allocated to research and development activities,” read the report from Branham that appears in this month’s issue of Backbone Magazine.
“There is a huge market opportunity before us here in Canada and abroad,” said Thorsteinson. “We are privileged to be recognized by the Branham300 and are working hard to earn this distinction again next year.”
About Enablence Technologies Inc.
Enablence Technologies Inc., (TSX-V: ENA) a publicly traded company headquartered in Ottawa, Canada, designs, manufactures and sells optical components, subsystems and systems to a global customer base.
Enablence’s Systems Division has an expanding fiber-to-the-premise (FTTP) product portfolio featuring a variety of architectural options. It enables service providers to evolve their access networks from traditional copper-based networks to advanced optical communications access networks that are based on state of the art IP and Ethernet standards, for triple-play voice, video and data services including HDTV, IP Telephony and ultrafast internet access. The Division’s network equipment has been deployed with 420 service providers world-wide that serve over 4 million subscribers.
Enablence’s Optical Components and Subsystems Division is a global leader in applying Planar Lightwave Circuit (PLC) technology to integrate multiple components into a single optical chip to reduce footprint and costs. Network and equipment designers around the world turn to Enablence for a variety of components and subsystems for access, metro and long-haul, including transceivers, splitters, waveguides, optical channel monitors, multiplexers, ROADMs, switches, tunable dispersion compensators, and photodiodes. The Division serves over 120 system and subsystem developers and its products have been integrated in all major communications networks world-wide, serving tens of millions of subscribers.
For further information contact:
Enablence Technologies Inc.
Tim Thorsteinson,
President and CEO
(613) 270-7867
Forward Looking Statements
This press release may contain forward looking statements 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 Corporation'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.
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