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Message: Palm Hills Developments Selects Enablence for its FTTH Network Deployment
| May 28, 2009 |
| Palm Hills Developments Selects Enablence for its FTTH Network Deployment |
| OTTAWA, CANADA--(Marketwire - May 28, 2009) - Enablence Technologies Inc. ("Enablence" or the "Company") (TSX VENTURE:ENA), a leading 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, announced today that Palm Hills Developments (PHD), a leading Egyptian real estate development company, has selected Enablence communications equipment for its first FTTH network deployment. Palm Hills Developments is purchasing Enablence's industry leading Trident7(TM) Gigabit Passive Optical Network (GPON) Platform and Optical Network Terminals (ONT) for a residential deployment, connecting nearly 4,200 units. "Palm Hills Developments required a strategic partner who would provide fully integrated end-to-end triple-play solutions for our residential and commercial customers. This is the first open access deployment in Egypt and we are excited to have Enablence as our supplier. Enablence's industry leading products allow us to offer state-of-the-art technology to our customers, giving us a tremendous competitive advantage in the real estate industry" said Yasseen Mansour, Chairman and CEO of Palm Hills Developments. PHD is also looking to further expand its buildings and properties into Saudi Arabia. "This is an especially important deal for Enablence, as it is our first deployment in the growing FTTH market in the Middle East region. Our products enable companies, such as Palm Hills Developments, that are leading the development of high-end properties, to deliver advanced FTTH based services that provide their customers with hundreds of channels of SDTV & HDTV programming, ultrafast internet access and Internet Protocol based telephone services," said Arvind Chhatbar, CEO of Enablence. About Palm Hills Developments Palm Hills Developments (PHD) is a leading real estate company in the Egyptian market, primarily developing high-end, integrated residential real estate and resort projects. Founded in 2005 by Mansour and Maghraby Investment and Development (MMID), the company, which is listed on the Cairo-Alexandria Stock Exchange and the London Stock Exchange, was the result of a vision to create self-sufficient communities through the utilization of integrated tools. Presently PHD possesses one of the largest land banks in the country and is rapidly becoming a regional player. The geographically diversified land bank is suitable for the development of a broad range of real estate products, such as residential, commercial and resort communities. All the properties are fashioned to reflect the country's culture as well as the clients' lifestyle and prerequisites. Currently, PHD maintains an impressive roster of more than 22 projects strategically located nationwide and around the region. |
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