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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.
POET Technologies Inc. (NASDAQ: POET) has commenced sampling its groundbreaking 400G FR4 and 800G 2xFR4 receive optical engines (RXOEs). Partnering with Luxshare Technology, POET aims to deliver power-efficient transceiver solutions for the data center market. The RXOEs uniquely integrate photonic and electronic components on a single chiplet, promising superior performance, simplified design, and lower costs. POET anticipates completing design verification and reliability testing in the first half of 2023, with production slated for the second half. The collaboration is expected to leverage LuxshareTech's expertise to fulfill growing demand in high-speed optical transceivers.
POET Technologies has amended the terms of 1,764,720 common share purchase warrants issued during a February 2021 private placement. The warrants are now exercisable at a price of C$4.25 until May 11, 2023. If the common shares close at or above C$4.89 for 10 consecutive trading days, the expiry date may be accelerated by 30 days. All other conditions remain unchanged. This amendment follows a previous news release from December 2022.
POET focuses on optical interposer technology for data centers, telecommunications, and AI.
POET Technologies has announced a collaboration with ADVA Optical Networking SE to develop advanced multi-engine chip-on-board solutions. This partnership focuses on 100G CWDM4 and 100G LR4 technologies. ADVA will utilize POET's innovative chips in a compact solution that integrates four independent 100Gbit/s interfaces into a single QSFP-DD housing. This strategic collaboration aims to enhance capabilities in optical networking, marking a significant step for POET in the telecommunications sector.
POET Technologies Inc. (TSX Venture: PTK; NASDAQ: POET) announced the development of multi-engine 100G CWDM4 and LR4 chip-on-board solutions for lead customer ADVA Optical Networking. These solutions integrate four independent 100Gbit/s interfaces into a single QSFP-DD housing, enhancing network capabilities. ADVA's MicroMux™ Quattro, utilizing POET's optical engines, targets high-density applications. The 100GBASE-LR4 optical engines are the first of their kind in chip-on-board solutions, demonstrating successful operation in tests. Production is aimed for late 2023, with market opportunities projected at an average of $700 million annually from 2023 to 2027.
POET Technologies Inc. has achieved a significant milestone by releasing four optical engines to production, marking a key step in its commercialization strategy. These engines utilize advanced wafer-level chip-scale packaging technology and include features for cost-effective 100G CWDM4, 200G FR4, and 400G FR4 pluggable transceivers for the telecom and data center markets. Working alongside Super Photonics, POET has successfully completed design and reliability tests. The next phase involves customers qualifying the products, with early orders expected in the near future.
POET Technologies has announced plans to amend the terms of 1,764,720 common share purchase warrants following a private placement on February 11, 2021. The amendments involve reducing the exercise price from C$11.50 to C$4.25 and extending the expiry date from February 11, 2023, to May 11, 2023. The amendments require approval from 66 2/3 percent of the warrant holders. The revised terms include an acceleration clause that allows for an earlier expiration if the stock price exceeds C$4.89 for 10 consecutive trading days.
POET Technologies Inc. will participate in the Oppenheimer 5G Summit: The Revolution Continues on December 13, 2022, at 12:25 p.m. ET. The company's executive management will host a virtual fireside chat and meet registered participants throughout the day. Portfolio managers and analysts can request meetings with management through Oppenheimer. An archived replay of the chat will be available on POET's investor relations website. POET is a leader in designing and developing the POET Optical Interposer™ for integrating electronic and photonic devices, targeting AI, IoT, and data centers.
POET Technologies Inc. has engaged Stockhouse Publishing for a 12-month agreement to enhance investor awareness. The Company will leverage Stockhouse's tools to reach targeted audiences in Canada, the US, and Europe, investing C$100,000 in various advertising campaigns. This partnership comes after the termination of a previous relationship with North Equities. POET, known for its Optical Interposer technology, aims to drive market interest in its products and solutions for data centers and AI markets. The collaboration will utilize social media and internet marketing to promote the Company.
TORONTO, Nov. 14, 2022 - POET Technologies reported its Q3 2022 financial results, showing a net loss of $4.0 million ($0.11 per share), up from $3.5 million ($0.10 per share) in Q3 2021. The company achieved $233,000 in non-recurring engineering revenue from multiple clients, a significant increase from $nil in Q3 2021. Key achievements include collaboration with Lumentum for 100G direct lasers and the sampling of 200G optical engines, positioning POET for a growing market projected to expand from $4 billion in 2023 to $7 billion by 2027.
POET Technologies has partnered with Lumentum Holdings to utilize high-speed directly modulated laser technology in its optical engines, targeting the 400G, 800G, and 1.6T transceiver markets. Expected sampling of the 400G FR4 optical engines will commence in H1 2023, with production slated for H2 2023. This innovative solution aims to disrupt the current market by offering lower costs and power requirements compared to traditional methods. The 400G/800G/1.6T transceiver market is projected to grow from $2B in 2023 to $6.5B by 2027.
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