Enablence Technologies Inc (ENA)

[nicmar]

Enablence Technologies Finalizes Sale of Teledata
Date : 04/18/2012 @ 9:15AM
Source : MarketWire Canada

Enablence Technologies Finalizes Sale of Teledata
PrintAlert
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, announced today that it had completed the
sale of Teledata Networks Ltd. ("Teledata") previously announced on March 14,
2012. Teledata has been sold to a special purpose vehicle established by Taldan
Capital Limited (the "Acquirer") for a nominal cash payment, and the assumption
by the Acquirer of the estimated $2.8 million working capital liability of
Teledata.

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 www.enablence.com.

About Taldan Capital Limited

Taldan Capital Limited is a private equity group based in Israel and the US,
focused on acquiring companies that have fundamental technological leadership in
their respective sectors and have the potential to become cornerstone platform
businesses with Taldan's insights, industry-specific resources, and operational
experience. For additional information, visit www.taldancapital.com.


Forward-looking Statements

This press release may contain forward-looking statements, in particular with
respect to the disposition of Teledata, the strategic alternatives and
divestiture of the Systems segment 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
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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