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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, a leader in optical technology, announced its participation in the 25th Annual Oppenheimer Technology, Internet & Communications Conference as a virtual event on August 9, 2022. The executive team will conduct a fireside chat at 4:35 p.m. ET and be available for meetings with investors on the same day. POET’s innovative Optical Interposer™ integrates electronic and photonic devices for applications in AI, IoT, and high-speed networking, enhancing efficiency in data centers and telecommunication markets.
POET Technologies Inc. (NASDAQ: POET) announced the sampling of its 200G FR4 Transmit and Receive Optical Engines, utilizing its Optical Interposer technology. These Optical Engines will enable cost-effective and scalable solutions for 200GBASE-FR4 transceivers, with production expected by year-end 2022. The 200G TX integrates four high-speed lasers and the RX incorporates four photodetectors, both designed for cloud data centers and telecom markets. POET has shipped samples to multiple lead customers through its joint venture, Super Photonics.
POET Technologies announced the launch of its 400G FR4 and 800G Receive Optical Engines, utilizing their advanced Optical Interposer™ technology. The company has already shipped samples to lead customers, anticipating production at Super Photonics by the end of Q3 2022. These optical engines are designed for data centers and telecoms, featuring high-speed photodetectors and a compact form factor, making them cost-effective solutions for cloud applications. This marks a significant milestone in POET's product commercialization efforts.
POET Technologies has appointed Michal Lipson as an advisor to its Board of Directors, planning to nominate her for a directorship at the upcoming Annual General Meeting on October 6, 2022. Lipson is a renowned expert in silicon photonics and has over 45 patents. Dr. Suresh Venkatesan expressed confidence in her ability to enhance the Board's expertise. In addition, Lipson will receive 5,194 stock options and a cash payment of US$7,500 for her advisory role. This strategic move is aimed at strengthening the company’s position in the photonics market.
POET Technologies has appointed Theresa Lan Ende, Chief Procurement Director of Arista Networks, as an advisor to its Board of Directors. She is expected to be nominated as a director at the upcoming Annual General Meeting on October 6, 2022. Her extensive experience in supply chain management from leading companies like Cisco Systems and JDS Uniphase is anticipated to provide valuable insights as POET expands. Additionally, the Board approved an option grant of 4,745 options to Ende at a price of CAD$7.16, along with a cash payment of US$7,500 for her advisory role.
POET Technologies Inc. reported its Q1 2022 results, noting a net loss of $5.4 million ($0.15 per share), an increase from $4.1 million in Q1 2021. Key milestones included being named to the 2022 OTCQX® Best 50, collaboration agreements with Celestial AI and Liobate Technologies, and launching new Optical Engines. R&D expenses rose to $2.2 million from $1.3 million year-over-year. The company also consolidated shares and began trading on Nasdaq under the ticker POET, aiming to convert customer interest into future orders.
POET Technologies announces participation in upcoming virtual investor conferences, including the Oppenheimer Emerging Growth Conference on May 10 and the Sidoti Micro Cap Conference on May 12. During these events, Thomas Mika, Chief Financial Officer, will present and engage in 1x1 meetings with investors. The company specializes in the POET Optical Interposer and Photonic Integrated Circuits for the data center and telecommunication markets. Supporting materials will be available on their website.
POET Technologies Inc. reported its Q4 and full-year 2021 financial results, posting a net loss of $3.7 million ($0.10 per share), an improvement from a $5.0 million loss in Q4 2020. The company's cash and short-term investments stood at $21.3 million with no debt. Key milestones included securing a $1.2 million agreement for 100G Optical Engines, launching 400G and 800G optical engines, and partnerships for high-speed optical networking components. Despite the positive developments, R&D expenses varied due to global semiconductor supply issues, impacting operational costs and cash flow.
POET Technologies has announced it will release its audited financial results for the fourth quarter and full year ended December 31, 2021, after market close on April 26, 2022. A business update conference call will take place on April 27, 2022, at 8:00 a.m. PT (11:00 a.m. ET), featuring insights from key executives including the Chairman & CEO, Dr. Suresh Venkatesan. The call aims to address the company’s performance and future outlook. Investors can access the call via conference dial-in or webcast.
POET Technologies Inc. has joined the Singapore Hybrid-Integrated Next Generation micro-Electronics (SHINE) Center at the National University of Singapore. This partnership aims to develop advanced processes for hybrid integration of photonic devices. POET plans to leverage the SHINE Center for designing Optical Interposer-based solutions for emerging verticals, including IoT applications. The consortium, which includes top universities and industry players, emphasizes collaborative research to translate technologies into practical applications for microelectronics.
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