Enablence shareholders pass all resolutions at AGM
2008-08-26 17:54 ET - News Release
Mr. Arvind Chhatbar reports
SUCCESSFUL DEMONSTRATION OF FULLY INTEGRATED FIBER-TO-THE-HOME SOLUTION AT AGM
Enablence Technologies Inc.'s annual general meeting was held at the Brookstreet Hotel in Ottawa, Ont., Canada, on Aug. 26, 2008, and was attended with representation from more than 54 per cent of the total shares outstanding at the meeting. All resolutions put before the shareholders passed at the AGM.
Enablence also successfully demonstrated a fully integrated fibre-to-the-home system relying solely on its broad complement of access products, including the optical line terminal, splitters and the optical network terminal built through its North American facilities.
In addition, Enablence had, on display, more than 50 products aimed at the metro and long-haul markets, which showcased its world-leading planar lightwave circuit (PLC) capability. The corporation also announced the creation of two committees -- the audit committee, with Steve Bower as chair and Nishith Goel and John Ryan as members, as well as the creation of the compensation committee, with Stephan Guerin as chair and with Mr. Goel as member, making it a committee composed of independent board members.
Arvind Chhatbar, chief executive officer, provided a corporate update after the formal portion of the AGM and added: "Enablence has never been stronger. Our breadth of products and expertise in PLC-based technology coupled with the delivery of FTTH solutions means that we are ready to deliver on the promise of improved bandwidth as carriers prepare for increased customer demand."
The audio recording of the Enablence Technologies annual general meeting will shortly be made available on the Enablence Technologies website.
AI
