Enablence Technologies Announces Successful Renegotiation of Loan Agreement with Senior Lender

Enablence Technologies Inc. (TSXV: ENA) ("Enablence" or the "Company"), a leading supplier of optical components and subsystems, today announced changes to its secured term loan facility with Export Development Canada ("EDC"). The term loan facility was first announced on March 3, 2016.

The Company and EDC agreed to the following amendments and waivers to the term loan facility (1) the total amount of outstanding advances (including capitalized interest) of approximately C$6.0 million will be capitalized, (2) EDC will waive each event of default resulting from the Company's prior failure to make payments of interest (including default interest) and principal when due, and (3) the Company will commence making principal payments in 2020 according to a mutually agreed schedule.

The Company will pay EDC an amendment fee in consideration of this amendment and waiver agreement to the term loan facility. EDC will maintain all other past and future rights and privileges with respect to the secured term loan facility.

About Enablence Technologies Inc.

Enablence is a publicly traded company that designs, manufactures and sells optical components and subsystems to a global customer base. It utilizes its patented technologies, including planar lightwave circuit intellectual property, in the production of an array of photonic components and broadband subsystems that deliver a key portion of the infrastructure for current and next-generation telecommunication systems. The Company's components are key elements in large optical network infrastructure builds which enable global networking and large-scale computing for businesses and individuals, including data centers and 5G telecommunications networks. For more information, visit www.enablence.com.