OTTAWA, Ont. -- Enablence Technologies Inc. ("Enablence" or the "Company") (TSX VENTURE:ENA), a leading supplier of optical components and subsystems for telecommunication access, metro and long-haul markets and enterprise and other applications, is pleased to provide the following update. Effective immediately, Louis De Jong has been appointed Chief Executive Officer of the Company succeeding John Roland, acting Chief Executive Officer. Mr. De Jong also continues as a director of the Company. John Roland will succeed Peter Dey as Chair of the Board. Mr. Dey will remain on the Board of Directors which in addition to Messrs. De Jong, Roland, and Dey includes Dan Hilton and Enablence's Chief Operating Officer Jacob Sun. Mr. De Jong is the founder and managing partner of De Jong & Co., a boutique merchant bank engaged in principal investment and financial advisory services. Prior to founding De Jong & Co., Mr. De Jong was managing director of a hedge fund focused on small and medium capitalized Canadian companies. Mr. De Jong's past experience also includes 6 years at an international investment bank where he most recently served as Director and Head of Canadian Equities. Mr. De Jong is a member of the Canadian Institute of Chartered Accountants and a graduate of the University of Western Ontario (Economics). Enablence Technologies Inc.