Enablence Technologies adopts equity incentive plan

Ottawa, Ontario--(Newsfile Corp. - July 3, 2026) - Enablence Technologies Inc. (TSXV: ENA) (" Enablence " or the " Company "), a leading provider of Planar lightwave optical chips (PLCs) used in datacom, telecom, automotive and artificial intelligence applications announced that at the Company's Annual General and Special Meeting held on June 22, 2026, the shareholders of the Company adopted an omnibus incentive plan (the " Plan ") which has a 10% rolling stock option component and 10% fixed restricted share unit, performance share unit and deferred share unit components reserving an aggregate of 2,107,019 shares for issuance. Shareholder approval of the Plan must be obtained annually at the Company's Annual General Meeting. In addition, the Plan must be submitted to the TSX Venture Exchange for review and acceptance on an annual basis.

About Enablence Technologies Inc. Enablence is a publicly traded company listed on the TSX Venture Exchange (TSXV: ENA) that designs, markets, and sells chips and sub systems, primarily in the form of planar lightwave circuits (PLC) on silicon-based chips for datacom, telecom, automotive and artificial intelligence (AI) applications. Enablence products serve a global customer base, primarily focused today on data center and other rapidly growing end markets. Enablence also works with customers that have emerging market uses for its technology, including medical devices, automotive LiDAR, and virtual and augmented reality headsets.

In select strategic circumstances, the Company also uses its proprietary, non-captive fabrication plant in Fremont, California to manufacture chips designed by third party customers. For more information visit: www.enablence.com .   For further information contact: Todd Haugen CEO, Enablence Technologies Inc. todd.haugen@enablence.com Ali Mahdavi Capital Markets & Investor Relations am@spinnakercmi.com Media and Analysts Alison Parnell Hill and Kincaid Marketing & PR press@hillandkincaid.com 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. These statements are based on current expectations that involve several risks and uncertainties which could cause actual results to differ from those anticipated.

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 many 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 outlined 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 as a result 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/303962 Newsfile Corp. July 3, 2026 - 5:59 PM PDT News by QuoteMedia www.quotemedia.com