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    ENA   CA2924832033

ENABLENCE TECHNOLOGIES INC.

(ENA)
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Enablence Technologies : Announces Director Resignation

11/17/2020 | 10:28am EDT

Enablence Technologies Inc. (TSXV: ENA) ('Enablence' or the 'Company'), a leading supplier of optical components and subsystems for access, metro and long-haul markets, today announced that Mr. Yongxing Zhu has resigned as a director of the Company effective immediately.

The Board of Directors thanks Mr. Zhu for his service as a director.

About Enablence Technologies Inc.

Enablence is a publicly traded company that designs, manufactures and sells optical components and subsystems to a global customer base. It utilizes its patented technologies, including planar lightwave circuit intellectual property, in the production of an array of photonic components and broadband subsystems that deliver a key portion of the infrastructure for current and next-generation telecommunication systems. The Company's components are key elements in large optical network infrastructure builds which enable global networking and large-scale computing for businesses and individuals, including data centers and 5G telecommunications networks.

Forward-looking Statements

This press release may contain forward-looking statements regarding the business of the Company based on current expectations 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 Company'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.

Contact:

Tel: +1 613 656-2850

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2020 1,10 M - -
Net income 2020 -9,56 M - -
Net Debt 2020 28,0 M - -
P/E ratio 2020 -1,01x
Yield 2020 -
Capitalization 7,17 M 7,74 M -
EV / Sales 2019 21,7x
EV / Sales 2020 32,0x
Nbr of Employees -
Free-Float 88,6%
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Managers and Directors
Ashok Balakrishnan Co-CEO & Chief Technology Officer
Scott Larin Co-Chief Executive Officer & CFO
Derek H. Burney Chairman
Louis A. de Jong Director
Daniel Shmitt Director
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