Enablence to Buy Wave7

Enablence Technologies to acquire Wave7 Optics

April 15, 2008

1 Min Read

OTTAWA -- Enablence Technologies Inc. (“Enablence”), a supplier ofplanar lightwave circuit (PLC) based components for the Fiber-to-the-Home (FTTH), metro, and long haultelecommunication markets, today announced that it has signed a definitive agreement (“Agreement”) to acquireall of the outstanding shares of Wave7 Optics, Inc. (‘Wave7 Optics”) subject to certain approvals, consents andconditions.

Under the terms of the Agreement, Enablence will acquire, through a wholly-owned US subsidiary, all the sharesof Wave7 Optics for an aggregate purchase price of US $10.5 million and 2,078,385 common shares ofEnablence. All conditions pursuant to the Agreement are expected to be fulfilled prior to May 15, 2008.

Wave7 Optics is a global provider of FTTH systems that deliver voice, video, and data services. Wave7 Opticsis deploying a universal access platform that supports Gigabit Ethernet Passive Optical Network (GE-PON)systems and Gigabit Passive Optical Network (GPON) systems, as well as point-to-point Ethernet. The platformis marketed under the name of Trident7™ and serves the needs of a broad range of service providers.

“This is an exciting acquisition for Enablence as Wave7 Optics is a recognized global leader in the FTTHsystems market with a customer base of over a hundred FTTH service providers,” said Arvind Chhatbar, ChiefExecutive Officer of Enablence.

“In the FTTH market, vendors must meet the performance and volume requirements as well as the price targetsthat service providers are demanding,” explained Tom Tighe, President and Chief Executive Officer of Wave7Optics. “The combination of our Trident7™ system and Enablence’s PLC technology will benefit our currentcustomer base and position us for the global growth in FTTH deployments. We look forward to expanding ourmarket reach as an Enablence company.”

Enablence Technologies Inc. (Toronto: ENA)

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