FEBRUARY 5, 2010 Enablence Technologies Inc. in Ottawa, a supplier of fiber-to-the-home (FTTH) equipment and optical components for access, metro, and long haul markets, has completed its public offering by aggregating 71,875,000 common shares at 40 cents per share for total gross proceeds of $28,750,000.
Enablence executives say they plan to use the money from the offering for working capital, general corporate purposes, and acquisitions. Agents who facilitated the deal, led by Paradigm Capital Inc., bought 4 percent of shares in the public offering.
Enablence's Systems Division is expanding its fiber-to-the-premise (FTTP) products to help copper-based networks gain access to advanced optical IP and Ethernet communications networks for voice, video and data services.
For more information contact Enablence Technologies online at www.enablence.com.
