Avensys' Research and Development Arm, ITF Labs is Breaking the Barriers of the Kilowatt

ITF Labs Has Taken Fiber Combiners to New Levels With its New High Power Packaging Design (HPPD)


MONTREAL, March 19  /PRNewswire-FirstCall/ -- Avensys Inc., a wholly owned subsidiary of Manaris Corporation (OTC Bulletin Board: MANS; Frankfurt WKN: A0F5LD) announced that in a joint effort with its R&D partner, ITF Labs, has demonstrated a HPPD capable of handling over a kilowatt (KW) in a fiber combiner.

This groundbreaking addition to the ITF Labs and Avensys Inc. product line continues the Company's tradition of reliable, robust and innovative all-fiber(TM) components and represents the last key component required for Mid- and High- power Integrated Fiber Lasers (IFL). This innovation now provides Fiber Laser manufacturers with the ability to build powerful fiber lasers capable of replacing traditional laser technology in markets where fiber lasers haven't been able to compete so far.

"It's our intention to supply our customers with both components and IFL engines and continue to assert our position as world leaders in advanced, innovative all-fiber components," says Mr. Hassan Kassi President and CEO of ITF Labs.

The fiber laser, a laser technology that uses optical fiber as the gain medium, is set to capture a large share of the $2 billion industrial laser market from conventional laser technologies, even in the prominent kilowatt-class laser market. According to a report from Strategies Unlimited, a leading market research firm covering optoelectronics markets, sales of fiber lasers are expected to have an unusually strong compound annual growth of over 35% through 2010 in an industrial laser market that will grow just 9% per year over the same period. The immediate opportunity for Fiber Laser Technology is the replacement of ND: YAG Lasers and CO2 Lasers used essentially for industrial applications like welding, cutting, drilling and marking applications.

Avensys owns 42% of ITF Labs and was created as a result of the acquisition of ITF Optical Technologies Inc. (ITF) by Avensys last April by merging ITF's Research and Development unit, including all of its intellectual property assets with that of Avensys' partner, Avensys Laboratories Inc. ITF Laboratories spearheads the development of ultra-reliable fiber-optic systems including high-power fused components, optical sensors and instrumentation and fiber laser components.

About Avensys Inc.

Avensys Inc. is a wholly owned subsidiary of Manaris Corporation (OTC Bulletin Board: MANS; Frankfurt WKN: A0F5LD). Avensys, through its manufacturing division Avensys Technologies, designs, manufactures, distributes, and markets high reliability optical components and modules as well as FBGs for the telecom market and high power devices and sub-assemblies for the industrial market. Avensys Solutions, is an industry leader in providing environmental monitoring solutions for air, water and soil, as well as geostructure in the Canadian marketplace. For more information, please visit http://www.avensys.com/.

About Manaris Corporation

Manaris Corporation operated two wholly-owned subsidiaries, Our Avensys Inc. subsidiary through its manufacturing division Avensys Technologies, designs, manufactures, distributes, and markets high reliability optical components and modules as well as FBGs for the telecom market and high power devices and sub-assemblies for the industrial market. Its other division, Avensys Solutions, is an industry leader in providing environmental monitoring solutions for air, water and soil, as well as geostructure in the Canadian marketplace. Our other subsidiary C-Chip Technologies (North America), has licensed its technology to its technology partner iMetrik Solutions, whereby C-Chip will receive royalties from iMetrik for its worldwide sales of GSM-based "locate and disable" products in the "Buy Here Pay Here" (BHPH) used car market.

Forward-Looking Statements: Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. These risks and uncertainties are described in the Company's periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations. 

DATASOURCE: Manaris Corporation



CONTACT:  Truc Nguyen, Deputy Managing Director, of The Global Consulting

Group, [phone], , Manaris Corporation



Web site:  http://www.avensys.com/ 

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