Enablence appoints Steven D. Cohn as Chief Financial Officer

Ottawa, Ontario--(Newsfile Corp. - July 6, 2026) - Enablence Technologies Inc. (TSXV: ENA), a leading supplier of planar lightwave circuit (PLC) optical chips for datacom, telecommunications, artificial intelligence (AI), and advanced vision applications, today announced the appointment of Steven D. Cohn as Chief Financial Officer (CFO), effective immediately. Mr. Cohn is a highly accomplished finance and accounting executive with more than 30 years of experience serving in financial leadership positions for Fortune 500, private, and publicly backed companies. His extensive background spans strategic planning, capital markets, mergers and acquisitions, commercial, manufacturing, and supply chain finance.

"I am pleased to welcome Steve to Enablence as our Chief Financial Officer," said Todd Haugen, Chief Executive Officer of Enablence. "Steve's proven financial leadership, strategic expertise, and track record of driving high-growth strategies for manufacturing companies will be invaluable as we continue to build on the strong foundation we have established over the past several years. His deep experience in manufacturing and supply chain finance, combined with his knowledge of manufacturing technology, capital markets, and M&A, will play a key role in executing our strategy and creating long-term value for our shareholders." Over the course of his career, Mr. Cohn has developed extensive expertise in public accounting, audit leadership, financial planning and analysis, forecasting, treasury and liquidity management, corporate governance, financial reporting systems, and manufacturing and supply chain finance.

He has held senior financial leadership positions and advised a diverse range of public and private companies, including Bristol Myers Squibb, Henkel, Dr Pepper Snapple Group, and Nuovo Pasta Productions. About Enablence Technologies Inc. Enablence is a publicly traded company listed on the TSX Venture Exchange (TSXV: ENA) that designs, markets and sells optical 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 more information, contact: Todd Haugen, CEO, Enablence Technologies Inc. todd.haugen@enablence.com Ali Mahdavi Capital Markets & Investor Relations am@spinnakercmi.com Alison Parnell, Media and Analysts, 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 and assumptions, including the impact of the Term Loan, the Vortex Loan Amendment and the Pinnacle I Loan Amendment, the ability of the Company to repay any indebtedness, the ability of the Company to continue its operations as contemplated, the use of proceeds from the Term Loan and the Pinnacle I Loan Amendment, and the receipt of final approval from the TSX Venture Exchange for the Term Loan, Vortex Loan Amendment and the Pinnacle I Loan Amendment. These statements are not guarantees of performance and involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements, including risks, including the ability of the Company to comply with covenants under the Loan Agreement and all other loan agreements and facilities the Company and its subsidiaries are subject to, risks relating to the Company's operations, business and economic conditions generally, the terms and availability of future financing and the ability of the Company to repay any indebtedness in accordance with the terms thereof (or at all).

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 based on the information available as of the date hereof, there can be no assurance that such expectations or assumptions will prove to be correct. The Company cautions readers of this news release not to place undue reliance on the forward-looking statements contained herein as many factors could cause actual results or conditions to differ materially from current expectations. Additional information on these and other risk 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 because 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/304169 Newsfile Corp. July 6, 2026 - 8:23 PM PDT News by QuoteMedia www.quotemedia.com