Enablence Technologies Rolls Out New PLC-Based FR4 Wavelength Management Optical Products for High-Speed Data Center Applications

• New FR4 Products Support Significant Business Growth Opportunity for Enablence
• Company Continues to Accelerate New Product Releases, Increasing Sales Pipeline

Fremont, California–(Newsfile Corp. – May 20, 2024) – Enablence Technologies Inc. (TSXV: ENA), a leading provider of optical chips for datacom, telecom, automotive and artificial intelligence (AI) applications, announced today a new series of next-generation, wavelength management optical devices. Known as FR4 products, the new optoelectronics components support telecommunications, data centres, and fiber to home applications. Enablence’s new FR4 products are already driving new growth business in North America. These devices enable cost-effective, high-speed data transmission and provide key data centre connectivity solutions.

Enablence’s FR4 products are devices used in telecommunications and networking. FR4 is a receiver of optical modules, enabling the transmission of high bandwidth data signals. To meet today’s challenging optical performance requirements, Enablence’s optical devices enable lower loss and significantly lower crosstalk, leading to more cost-effective deployments. The FR4 products also provide improved power efficiency and excellent data transfer rates to ensure faster and more reliable communication.

“Our broad spectrum of optical devices, including our FR4 products, align with customers’ optical chip integration requirements, and provide them with timely access to proven solutions for high-speed data connection and transmission,” said Todd Haugen, Enablence CEO. “Consequently, demand for our FR4 optical products is already driving significant new business for the company. We are pleased to have already shipped a sizable number of FR4 products, and we expect to further accelerate FR4 shipments in the months ahead to meet the growing demand from customers.”

Enablence has remained invested in driving new datacom, advanced vision and artificial intelligence (AI) optical products to grow its pipeline and to meet the growing opportunities from new and existing customers. Its next-generation, FR4 transceivers deliver significant performance and lower overall network implementation costs. This provides significant benefit, especially to data centre customers.

“Enablence has exceled in design and production of PLC based devices for many years and our latest FR4 roll out furthers this history,” Haugen added. “This, coupled with our growth strategy is delivering the results, which will drive our return to profitability in the future.”

About Enablence

Enablence Technologies Inc. is a publicly traded company listed on the TSX Venture Exchange (TSXV: ENA). Enablence designs, manufactures, and sells advanced optical components, primarily in the form of PLCs and LiDAR technologies on silicon-based chips. Enablence optical products support a broad range of customers in the datacom, telecom, automotive and artificial intelligence industries. Enablence operates a wafer lab in Fremont, California with design centres in Canada and China, supported by sales and marketing operations worldwide. For more information, visit https://www.enablence.com/.

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Cautionary Note Regarding Forward-Looking Information

This news release contains forward-looking statements regarding the Company based on current expectations and assumptions of management, which involve known and unknown risks and uncertainties associated with our business and the economic environment in which the business operates. All such statements are forward-looking statements under applicable Canadian securities legislation. Any statements contained herein that are not 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 which could cause actual results to differ from those anticipated. These statements are based on current expectations that involve several risks and uncertainties. Although the Company believes that the expectations reflected in the forward-looking statements contained in this news release, and the assumptions on which such forward-looking statements are made, are reasonable, there can be no assurance that such expectations will prove to be correct. We caution our readers of this news release not to place undue reliance on our forward-looking statements, as several factors could cause actual results or conditions to differ materially from current expectations. Additional information on these and other factors that could affect the Company’s operations are set forth in the Company’s continuous disclosure documents that can be found on SEDAR+ (www.sedarplus.ca) under Enablence’s issuer profile. Enablence does not intend, and disclaims any obligation, except as required by law, to update or revise any forward-looking statements whether because of new information, future events or otherwise.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

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