MONTREAL, Feb. 20 /PRNewswire/ -- Avensys Inc., a wholly owned subsidiary of Avensys Corporation (OTC Bulletin Board: AVNY.OB), today announced that its R&D partner, ITF Laboratories Inc. (ITF Labs) has completed development of a miniaturized Differential Phase Shift Keying (DPSK) demodulator.

The micro-DPSK demodulator is designed small enough to be incorporated into the industry standard 300-pin Multi-Source Agreement (MSA) compliant transponder package, and will be available with bitrates for 40Gb/s DPSK and DQPSK with free-spectral-range from 10 GHz to 70GHz. The device has the lowest loss and highest extinction ratio on the market with an almost insignificant polarization dependency of less than 1% of free-spectral range.

All dimensions of the device have been reduced, making this the thinnest, fastest tuning, lowest power consumption product available which enables the integration of either DPSK or DQPSK formats into the MSA package.

ITF Labs' Vice President of Engineering, Nigel Holehouse stated, "This development underlines our commitment to providing leading edge demodulation devices, for current and next generation telecom systems."

ITF Labs, along with its commercialization partner, Avensys Inc., will showcase this new product at OFC/NFOEC 2008 on February 25-29 in San Diego, CA. The exhibition is being held at the San Diego Convention Center and ITF Labs will be located at booth # 2914. OFC/NFOEC attracts more than 13,000 attendees from 50 different countries. It is the premier international event for both the science and business of optical communications, with a comprehensive technical program and the largest all-optical business exhibition.

About ITF Laboratories Inc.

ITF Laboratories Inc. is 42% owned by Avensys Inc., a wholly-owned subsidiary of Avensys Corporation and was created as a result of the acquisition of ITF Optical Technologies Inc. (ITF) by Avensys Inc. in April 2006. It is the result of the merger of former ITF Research and Development unit, including all of its intellectual property assets, with that of Avensys Inc.'s partner, Avensys Laboratories Inc. ITF Labs spearheads the development of ultra-reliable fiber optic systems including high-power fused components, optical sensors and instrumentation and fiber laser components. To find out more about ITF Labs, please visit www.itflabs.com.

About Avensys Corporation

Avensys Corporation operates Avensys Inc., its wholly-owned core subsidiary. Avensys Inc., 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 Technologies is also a pioneer in the development of packaged fiber-based sensors and possesses leading edge intellectual property. Avensys Environmental Solutions, also a division of Avensys Inc., is an industry leader in providing environmental monitoring solutions for air, water and soil

in the Canadian marketplace. Please visit www.avensyscorporation.com for Company news and updates.

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.



    For more information, please contact:
    Truc Nguyen or Christopher Chu
    The Global Consulting Group
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SOURCE Avensys Inc.