Enablence Announces Progress on Ramping of Volume Production

Date Announced: 21 Apr 2016

Ramp follows $1M purchase order.

OTTAWA, ONTARIO--(Marketwired - April 21, 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, 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 $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).

Source: Enablence Technologies

Contact

E-mail: via web site

Web Site: www.enablence.com