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Poet Technologies Inc - POET STOCK NEWS

Welcome to our dedicated page for Poet Technologies news (Ticker: POET), a resource for investors and traders seeking the latest updates and insights on Poet Technologies stock.

POET Technologies Inc. (POET) is a leading innovator in the field of optoelectronic solutions based in Toronto, Ontario, Canada. The company specializes in the design, manufacture, and sale of semiconductor products and services for a range of commercial applications. Utilizing their proprietary POET Optical Interposer, POET Technologies has developed a novel platform that seamlessly integrates electronic and photonic devices into a single module. This is achieved through wafer-level manufacturing techniques and advanced packaging methods.

POET Technologies' product lineup includes the POET Starlight, POET Lightbar, POET Infinity, and POET One, among others. These products find applications in diverse fields such as Data Centers, Telecommunications, the Internet of Things (IoT) & Industrial Sensing, Automotive LIDAR, and On-Board Optics. By focusing on these key sectors, the company aims to address the growing needs for efficient and reliable optoelectronic solutions.

The company’s geographical reach extends to major markets such as Asia, the United States, and Canada, where it continues to expand its influence and customer base. POET Technologies prides itself on a strong balance sheet and has recently achieved significant milestones, including major design wins which mark the beginning of a promising second quarter.

In recent news, POET Technologies announced strategic partnerships and forward-looking plans to enhance their market presence further. They continue to be at the forefront of technological advancements, ensuring they remain a key player in the semiconductor industry.

For detailed updates and to learn more about the company's ongoing projects, visit their official news section and explore the latest announcements.

News

POET Enters Optical Module Market with 800G Transceiver for Artificial Intelligence Networks

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POET Technologies Inc. announces its entry into the optical module market with an 800G pluggable transceiver, Wavelight™, showcasing its POET Optical Interposer™ technology. The Company targets AI and cloud data center markets, with customer sampling starting in Q3 2024. The market for 800G 2xFR4 transceivers is projected to reach $1.7 billion by 2027, driven by AI networks.
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POET Technologies Announces Intention to Amend Warrant Terms

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POET Technologies Inc. announces the amendment of common share purchase warrants to reduce the exercise price and add an Acceleration Clause, subject to warrantholder approval and final acceptance by the Exchange.
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POET to Demo AI Hardware Products for 800G and Beyond at OFC 2024

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POET Technologies Inc. announces plans to showcase new silicon photonics products at the 2024 Optical Fiber Communications Conference Exhibition in San Diego. The products include 800G Optical Engines, POET Starlight™, 200G/lane Optical Engines, EML-based 100G/lane Transmit Optical Engine, and pluggable transceivers from module partners.
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POET Technologies Reports Fourth Quarter 2023 Financial Results

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POET Technologies Inc. reported its audited financial results for Q4 2023, highlighting a public offering and private placement that raised $1.6 million and $6.2 million respectively. The company also secured ZKTel as a lead customer for its optical engines.
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POET Technologies Announces the Grant of Stock Options

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POET Technologies Inc. announces the grant of 765,000 stock options to officers, employees, and consultants. The options have an exercise price of C$1.79 and vesting conditions vary based on the recipient. This move aims to incentivize key personnel and align their interests with the company's growth.
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POET Technologies Announces Closing of C$6.2 Million Non-Brokered Private Placement of Units and Reports Preliminary Unaudited Fiscal Fourth Quarter and Fiscal Year 2024 Results

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POET Technologies Inc. completes non-brokered private placement, issuing 5,098,088 units at $1.22 per unit for gross proceeds of C$6.2 million. The net proceeds will be used for general corporate purposes and revenue expansion. Preliminary financial data shows cash and cash equivalents of $3,000,000 and a net loss of $5,460,000 for the three months ended December 31, 2023. The company did not issue any shares in its at-the-market offering program during the fiscal quarter ended December 31, 2023.
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POET Technologies Announces ZKTel as Customer and Collaborator

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POET Technologies Inc. (PTK) announced a design win with Shaoxing ZKTel Equipment Co. for the development of a 100G CWDM4 optical transceiver module using POET optical engines supplied by POET’s joint venture company, Super Photonics Xiamen (SPX). The collaboration aims to go beyond the initial 100G CWDM optical engine sales and ZKTel expects to ramp to volume production in the second half of 2024.
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POET Technologies Earns High Praise from Industry Expert in New e-Book

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POET Technologies Inc. (PTK) has been recognized by semiconductor industry expert Mark Stansberry for its essential technology in the photonic systems market. Mr. Stansberry notes that POET holds key technology for companies and its Optical Interposer and waveguide technology are the building blocks for tomorrow's photonic systems on a chip.
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POET Technologies Issues Letter to Shareholders

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POET Technologies Inc. (PTK) issued a letter to shareholders from its CEO, Dr. Suresh Venkatesan, reviewing recent accomplishments and vision for 2024. Despite a challenging year due to global capital market environment, the company expanded product portfolio, boosted mindshare among leading companies, and positioned for rapid growth in 2024. Recent achievements include releasing optical engines for data center, telecommunication, and AI markets, with plans to deliver more leading-edge products in 2024. POET is working with multiple customers on module designs and aims to complete various developments, including initiating production of an 8-channel packaged light source for AI applications.
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POET Technologies Announces Closing of US$1.6 Million Underwritten Public Offering of Common Shares and Warrants

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POET Technologies Inc. (PTK) closes underwritten public offering, raising approximately $1.6 million for general working capital purposes, including revenue expansion and the development and production of photonic modules for AI and related markets.
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FAQ

What is the current stock price of Poet Technologies (POET)?

The current stock price of Poet Technologies (POET) is $3.45 as of March 3, 2025.

What is the market cap of Poet Technologies (POET)?

The market cap of Poet Technologies (POET) is approximately 289.6M.

What does POET Technologies Inc. specialize in?

POET Technologies Inc. specializes in the design, manufacture, and sale of semiconductor products and optoelectronic solutions.

Where is POET Technologies Inc. located?

POET Technologies Inc. is headquartered at 121 Richmond St W, Toronto, Ontario, Canada.

What is the POET Optical Interposer?

The POET Optical Interposer is a platform developed by POET Technologies for integrating electronic and photonic devices into a single module using wafer-level manufacturing techniques.

What are some of the key applications of POET Technologies' products?

Key applications include Data Centers, Telecommunications, IoT & Industrial Sensing, Automotive LIDAR, and On-Board Optics.

What products does POET Technologies offer?

Their product lineup includes POET Starlight, POET Lightbar, POET Infinity, and POET One, among others.

Which markets does POET Technologies primarily serve?

POET Technologies primarily serves markets in Asia, the United States, and Canada.

What recent achievements has POET Technologies made?

POET Technologies has recently achieved significant design wins and maintains a strong balance sheet, marking a promising beginning to the second quarter.

How can I stay updated with POET Technologies' latest news?

You can stay updated by visiting their official news section for the latest announcements and developments.

What is the significance of POET Technologies' strategic partnerships?

Strategic partnerships help POET Technologies enhance their market presence and drive technological advancements in the optoelectronic field.

What is the core business of POET Technologies Inc.?

The core business of POET Technologies Inc. is providing integration solutions for electronic and photonic devices through their POET Optical Interposer platform.
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Poet Technologies Inc

Nasdaq:POET

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POET Stock Data

289.65M
75.99M
0.81%
8.8%
3.04%
Semiconductors
Technology
Link
Canada
Toronto