ENA Enablence Technologies Inc

Enablence Technologies Inc. ("Enablence" or the "Company")(TSX VENTURE:ENA), a
leading supplier of optical components and subsystems ("OCS") for access, metro
and long-haul markets and fiber-to-the-home ("FTTH") equipment is pleased to
provide an update on its strategic alternatives process as first announced on
April 28, 2011. Enablence and certain of its subsidiaries have signed a
definitive asset purchase agreement under which part of Enablence's Systems
business will be sold to Aurora Networks, Inc. for a total purchase price of
$5.1 million, comprised of $2.75 million of cash and the assumption of certain
liabilities and contingent liabilities (the "Aurora Transaction"). The Aurora
Transaction is expected to close by September 15, 2011,subject to the
satisfaction of certain conditions, notifications to creditors and receipt of
certain regulatory approvals including the TSX Venture Exchange. 


The Aurora Transaction includes the sale of Enablence's Trident7(TM) Universal
Access Platform for delivery of FTTP services through optical networks. Also
included in the sale are related inventory, certain patents, certain product and
process technology and customer contracts and lists. Approximately 25 Enablence
employees are expected to move to Aurora effective at the close of the Aurora
Transaction. Under terms of the purchase agreement, Aurora will honour customer
contracts and agreements for the Trident7 and its related product lines. Aurora
and Enablence are committed to working together for a seamless transition for
all stakeholders. 


The Company also announced that Enablence and certain of its subsidiaries have
signed a definitive asset purchase agreement to sell its MAGNM(TM) FX product
line, by divesting certain assets and transferring certain warranty obligations
to FX Support, LLC (the "FX Transaction"). The FX Transaction is expected to
close by September 15, 2011, subject to the satisfaction of certain conditions
and receipt of certain regulatory approvals including the TSX Venture Exchange. 


The Company also announced that it had implemented a workforce reduction of
approximately 40 individuals representing substantially all of its remaining
employees in the US Systems business leaving a team of people to support ongoing
customer obligations of the Systems business. 


Enablence has continued to make progress in the process of divesting its
International Systems business located in Israel. Enablence expects the
strategic alternatives process to be completed by September 30, 2011.


Enablence had $11.5 million of cash at June 30, 2011, including cash in
discontinued operations, but excluding cash held it the Company's Joint Venture
with SUNSEA Telecommunications Co Ltd. of China. The JV with SUNSEA expects to
commence operations by the end of the calendar year. At the conclusion of the
strategic alternatives process, the ongoing focus of the Company will be on the
Components division which will constitute the sole and core business of
Enablence. 


The Company expects to announce the results for its fiscal year ending June 30,
2011 in mid-October, at which time more details on the results of the strategic
alternatives process and the ongoing activities of the Components division will
be provided. 


About Enablence Technologies Inc. 

Enablence Technologies Inc. is a publicly traded company that designs,
manufactures and sells optical components and subsystems for access, metro and
long-haul markets to a global customer base and fiber-to-the-home (FTTH)
equipment. Enablence delivers 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 Aurora Networks 

Aurora Networks, the No. 1 optical transport solutions provider for cable
operators, is evolving cable by focusing on innovative solutions that build
future-proof networks to accommodate the cable subscriber services of today and
tomorrow. Using its proven understanding of cable networks, Aurora Networks
delivers unique solutions - such as its Fiber Deep architecture and universal
digital return technology - to address specific issues of the cable industry. A
technology leader driven by innovation and industry-firsts, Aurora Networks
enables leading cable operators across the globe to compete with a
cost-effective, optimized launch pad for next-generation cable services. To
learn more about Aurora Networks' core cable solutions, please call 408-235-7000
or visit www.aurora.com. 


About FX Support, LLC 

FX Support consists of the same Inteleflex engineers and customer support
personnel that have been supporting Inteleflex customers since 1999. The
Inteleflex platform provides excellent POTS, ADSL2+, T1, and special services
with integrated optical or T1 transport. For sales, please call (972) 633-1897,
and for support, please call (972) 633-1899.


Forward-looking Statements

This press release may contain forward-looking statements, in particular with
respect to the disposition of the Trident 7 and FX product lines, the strategic
alternatives and divestiture of the Systems Division including the International
Systems Division, the timing of financial results being released and the timing
around the operations of the joint venture 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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