Enablence Technologies Inc. Announces Results for the First Quarter Ending September 30, 2011
(firmenpresse) - TORONTO, CANADA -- (Marketwire) -- 12/19/11 -- 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 applications, announced today its financial results for its first quarter ending September 30, 2011. The results are unchanged from the Company's preliminary announcement, issued on December 12, 2011. All figures are in thousands of US dollars ("USD") and in accordance with International Financial Reporting Standards ("IFRS") unless otherwise specified.
Highlights
The highlights during the quarter include:
Financial and Operating Results
The following chart highlights the key financial results for the periods indicated ($000's of USD, except per share data):
"While we expect the December quarter to be down from the September quarter, we are starting to see some improved order activity. We expect to improve results when we introduce our 100G TOSA/ROSA chips (transmitter/receiver optical sub-assembly chips), launch the China JV and expand our addressable market into datacom and packaged photodiodes," said Chief Executive Officer, Tim Thorsteinson. "Our challenge continues to be the divestiture of the remaining Systems business, refinancing our notes payable and preserving as much cash as possible to fund our growth initiatives", he added.
The Company will host a conference call on Tuesday, December 20, 2011 between 9:00 a.m. and 10:00 am EDT. All interested parties should call (416) 340-8018 / 1-866-223-7781. Management will respond to questions from analysts on this call.
About Enablence Technologies Inc.
Enablence Technologies Inc. is a publicly traded company (TSX VENTURE: ENA) that designs, manufactures and sells optical components and subsystems to a global customer base. It utilizes its patented technologies including planar lightwave circuit ("PLC") intellectual property in the production of an array of photonics components and broadband subsystems that deliver a key portion of the infrastructure for next-generation telecommunication systems. The Company's product lines address all three segments of optical networks: Access, connecting homes and businesses to the network; Metro, communication rings within large cities; and Long-haul, linking cities and continents. For more information, visit .
Forward-looking Statements
This press release may contain forward-looking statements, in particular with respect to the current and future revenue, the strategic alternatives and divestiture of the Systems segment, the expectations of the joint venture in China and the revenue, margins, profitability and future growth of the continuing operations (including the joint venture) that are made 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 Company's continuous disclosure documents that can be found on SEDAR . 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.
Contacts:
Enablence Technologies Inc.
Tim Thorsteinson
Chief Executive Officer
+1 (647) 729-1605
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Datum: 19.12.2011 - 22:11 Uhr
Sprache: Deutsch
News-ID 98489
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