Enablence Deploys Advanced Broadband Access Solutions in China
AUG 31, 2010 - 16:53 ET
OTTAWA, CANADA--(Marketwire - Aug. 31, 2010) - Enablence Technologies Inc. ("Enablence" or the "Company") (TSX VENTURE:ENA), a leading supplier of fiber-to-the-home (FTTH) equipment for triple-play residential and business services and optical components and subsystems for access, metro and long-haul markets, is delivering $6.0 million worth of equipment to China's Dalian Huanyu Sunshine Group Co., Ltd., as part of a $20-million project announced earlier this year.
Dalian Huanyu Sunshine Group is a leading Chinese telecommunication equipment vendor that has an agreement with Enablence to sell comprehensive Next Generation Networks migration solutions for Chinese telecom service providers and support Enablence in developing the product in accordance with the specific requirements of the Chinese market. This agreement was first struck with Teledata Networks, which Enablence acquired in June with the agreement announced in February 2010.
Under the terms of the $20-million agreement with Huanyu Sunshine, Enablence is providing its advanced Multi Services Access Gateway (MSAG) platform. The platform offers an ideal solution for the Chinese market's growing demand for advanced services, through the implementation of high-speed Ethernet design, advanced VoIP, ADSL2+ and IP capabilities, and the support of a wide range of voice and broadband services. By incorporating the multi-functionalities of an MSAG and IP-DSLAM enables the efficient delivery of a complete set of triple-play applications for residential and business customers.
In this quarter, Enablence has delivered $2.5 million worth of BroadAccess equipment with another $3.5 million to follow in coming weeks bringing the total sales to $12.4 million under this agreement. This equipment is being deployed in multiple cities across China to provide a range of telephony and advanced broadband services. The completion of the full project is expected in the next coming months for the remaining part of the contract.
"We welcome the added capabilities of Enablence to support our deployment," said Zhou Quanli, President of Huanyu Sunshine. "The growing needs of the Chinese market demand advanced NGN solutions that also provide a clear and economical migration path to all-optical access networks."
"This project demonstrates the key international growth markets and Tier 1 opportunities Enablence is now well positioned to serve with the addition of Teledata's cutting edge solutions to our portfolio of advanced next-generation copper and all-optical broadband access products," said Tim Thorsteinson, CEO of Enablence. "We will continue to lever the complementary strengths of the new Enablence to grow our business in the Asia-Pacific market."
About Enablence Technologies Inc.
Enablence Technologies Inc., (TSX VENTURE:ENA) a publicly traded company headquartered in Ottawa, Canada, designs, manufactures and sells optical components, subsystems and systems to a global customer base. Enablence's Systems Division has an expanding fiber-to-the-premise (FTTP) product portfolio featuring a variety of architectural options. It enables service providers to evolve their access networks from traditional copper-based networks to advanced optical communications access networks that are based on state of the art IP and Ethernet standards, for triple-play voice, video and data services including HDTV, IP Telephony and ultrafast internet access.
Enablence's Optical Components and Subsystems Division is a global leader in applying Planar Lightwave Circuit (PLC) technology to integrate multiple components into a single optical chip to reduce footprint and costs. Network and equipment designers around the world turn to Enablence for a variety of components and subsystems for access, metro and long-haul, including transceivers, splitters, waveguides, optical channel monitors, multiplexers, ROADMs, switches, tunable dispersion compensators, and photodiodes. The Division serves over 120 system and subsystem developers and its products have been integrated in all major communications networks world-wide, serving tens of millions of subscribers.
Forward Looking Statements
This press release may contain forward looking statements that are made as of the date hereof and are based on current expectations, forecasts 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 Corporation'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.
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FOR FURTHER INFORMATION PLEASE CONTACT:
Enablence Technologies Inc.
Peter Kallai
Vice-President, Strategic Analysis and Marketing
613-270-7841
2012