Description Avensys (formerly Manaris Corporation) is a holding company that operates through subsidiaries Avensys Inc. and C-Chip Technologies. Avensys Inc. makes components used primarily in the manufacture of fiber optic telecommunications equipment; products include demodulators, interferometers, and wideband couplers. Other applications for the company's technology include air and water quality and flow monitoring in the oil and gas industry. C-Chip Technologies, formerly a developer of electronic wireless devices designed to enable remote activation, deactivation, and tracking of vehicles or equipment, licenses its technology to partner iMetrik which serves the retail used automobile industry.