Enablence Appoints Tim Thorsteinson as President and Chief Operating Officer

January 28, 2010

Source: Enablence Technology

Enablence Technologies Inc.. a supplier of fiber-to-the-home (FTTH) equipment for triple-play residential and business services and optical components and subsystems for access, metro and long-haul markets, is pleased to announce today the appointment of Tim Thorsteinson as President and Chief Operating Officer.

Tim Thorsteinson, who recently retired as President of the Broadcast Division of Harris Corporation, is a well recognized international business leader who has served as a Harris Corporate Officer and as a member of the Harris Executive Committee.

Prior to joining Harris Corporation, he was President and CEO at Leitch Technology where he was the architect of a turnaround that restored Leitch to a successful public company which was later acquired by Harris Corporation. He has held several senior and executive management positions including those at Thomson Broadcast & Media Solutions, the Grass Valley Group and the Video and Networking Division at Tektronix.

As part of Mr. Thorsteinson's compensation in his new role, the Board has granted him one million stock options priced at $0.49 as of the close of business on December 29th, 2009.The grant of these options is in accordance with the Corporation's Amended and Restated Stock Option Plan with a four year vesting period including the first 25% vesting at the anniversary date of the grant of the options. The options expire six years after the four year vesting period.

"As we continue to grow it is critical that we add experienced executives on our management team. Tim's strong background in building successful companies and his operational capabilities are of great value to the company as it continues on its profitable growth objectives," said Arvind Chhatbar, Chief Executive Officer of the Corporation.

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