Enablence raises $59.7 million to grow FTTH offering
October 26, 2007, Ottawa, ON, Canada--Enablence Technologies, a developer of planar lightwave circuit (PLC)-based transceivers for fiber-to-the-home (FTTH), aerospace, and defence applications, successfully completed its public offering. Enablence issued an aggregate of 42,592,665 common shares at a price of $1.40 per share for total gross proceeds of approximately $59.7 million dollars.
Enablence products are used in optical modems that are located inside the consumer's home for the delivery of high-speed data/voice/video). Enablence designs and manufactures optical components, in particular triplexers and diplexers, that are capable of processing optical signals at a low cost.
"This additional financing will allow Enablence to continue to consolidate its leadership position in the fiber-to-the-home industry and to expand our product lines and global operations," announced Arvind Chhatbar, CEO of Enablence.
For more information, visit www.enablence.com.