DuPont invests in Enablence concurrent with Enablence’s acquisition of DuPont Photonics Technologies, LLC

July 10, 2008

2 Min Read

OTTAWA -- Enablence Technologies (TSX-V: ENA), (“Enablence” or the“Corporation”) a leading supplier of fiber-to-the-home (FTTH) equipment for triple-play residential and businessservices and optical components and subsystems for access, metro and long haul markets, announced today thatit has signed a definitive Asset Purchase Agreement (“Agreement”) with DuPont Photonics Technologies, LLC(“DuPont Photonics”), a wholly owned subsidiary of DuPont (NYSE: DD) to acquire certain assets of DuPontPhotonics based in the Boston suburb of Wilimington, Massachusetts, subject to certain approvals, conditionsand consents. Concurrent with the agreement, DuPont will make a cash investment in Enablence.

Under the terms of the Agreement Enablence will issue common shares equivalent to US$9.5M based on a 30day average share price prior to the closing of the transaction for the assets and the investment. All shares issuedwill be subject to the statutory 120 days hold period. The conditions are expected to be satisfied on or before July24, 2008.

DuPont Photonics has developed a switching fabric using Planar Lightwave Circuits (PLCs) that enable suchdevices as integrated Reconfigurable Optical Add Drop Multiplexers (ROADM), 1xN, MxN and NxN switches andvariable optical attenuators. All the intellectual property and associated know-how will be transferred to Enablenceunder the terms of the Agreement.

“DuPont Photonics’ product portfolio is complementary to our current component and subsystems offerings and isconsistent with our vertical integration strategy that allows us to build on our core technology strength with highervalue added products,” explained Arvind Chhatbar, CEO of Enablence. “Our acquisitions allow us to focus oncapturing innovative products and technologies that will help us solidify our Planar Lightwave Circuit (PLC)leadership position in the access, metro and long haul markets. We are also pleased with the investment DuPontis making in Enablence which will permit us to continue to build on the product portfolio we are acquiring fromDuPont,” added Chhatbar.

Enablence Technologies Inc. (Toronto: ENA)

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