POET Engaged by Global Financial Services Leader to Develop Custom Optical Engine
POET Technologies (TSX Venture: PTK; NASDAQ: POET) has signed an agreement to develop a novel optical engine for high-frequency trading (HFT) operations with a global capital markets firm. The multi-phase project aims to increase speed and reduce latency in current transceiver solutions used in securities trading.
The first phase involves designing POET Optical Interposer-based transceiver engine prototypes to meet customer specifications, followed by additional prototypes and potential production of customized optical engines. The project will generate revenue for POET in 2025 and demonstrates the company's expansion into a new market segment.
POET Technologies (TSX Venture: PTK; NASDAQ: POET) ha firmato un accordo per sviluppare un nuovo motore ottico per operazioni di trading ad alta frequenza (HFT) con una società globale di mercati finanziari. Il progetto, suddiviso in più fasi, mira ad aumentare la velocità e a ridurre la latenza nelle attuali soluzioni di transceiver utilizzate nel trading di titoli.
La prima fase prevede la progettazione di prototipi di motori transceiver basati su POET Optical Interposer per soddisfare le specifiche del cliente, seguita da ulteriori prototipi e dalla potenziale produzione di motori ottici personalizzati. Il progetto genera entrate per POET nel 2025 e dimostra l'espansione dell'azienda in un nuovo segmento di mercato.
POET Technologies (TSX Venture: PTK; NASDAQ: POET) ha firmado un acuerdo para desarrollar un nuevo motor óptico para operaciones de trading de alta frecuencia (HFT) con una firma global de mercados de capitales. El proyecto, dividido en varias fases, tiene como objetivo aumentar la velocidad y reducir la latencia en las soluciones de transceptor actuales utilizadas en el comercio de valores.
La primera fase implica el diseño de prototipos de motores transceptores basados en POET Optical Interposer para cumplir con las especificaciones del cliente, seguido de prototipos adicionales y una posible producción de motores ópticos personalizados. El proyecto generará ingresos para POET en 2025 y demuestra la expansión de la compañía en un nuevo segmento de mercado.
POET Technologies (TSX Venture: PTK; NASDAQ: POET)는 글로벌 자본 시장 회사와 함께 고주파 거래(HFT) 작업을 위한 새로운 광 엔진 개발 계약을 체결했습니다. 이 다단계 프로젝트는 증권 거래에 사용되는 현재의 트랜시버 솔루션에서 속도를 높이고 대기 시간을 줄이는 것을 목표로 합니다.
첫 번째 단계는 고객 사양을 충족하기 위해 POET Optical Interposer 기반의 트랜시버 엔진 프로토타입을 설계하는 것을 포함하며, 이어 추가 프로토타입과 맞춤형 광 엔진의 가능성 있는 생산이 진행됩니다. 이 프로젝트는 2025년에 POET에 수익을 창출할 것이며, 회사가 새로운 시장 분야로 확장하고 있음을 보여줍니다.
POET Technologies (TSX Venture: PTK; NASDAQ: POET) a signé un accord pour développer un nouveau moteur optique pour les opérations de trading à haute fréquence (HFT) avec une société mondiale des marchés de capitaux. Le projet, en plusieurs phases, vise à augmenter la vitesse et à réduire la latence des solutions de transceivers actuellement utilisées dans le trading de valeurs mobilières.
La première phase consiste à concevoir des prototypes de moteurs de transceiver basés sur le POET Optical Interposer pour répondre aux spécifications des clients, suivie de prototypes supplémentaires et de la production potentielle de moteurs optiques personnalisés. Ce projet générera des revenus pour POET en 2025 et démontre l'expansion de l'entreprise dans un nouveau segment de marché.
POET Technologies (TSX Venture: PTK; NASDAQ: POET) hat einen Vertrag zur Entwicklung eines neuartigen optischen Motors für den Hochfrequenzhandel (HFT) mit einer globalen Kapitalmarktgesellschaft unterzeichnet. Das mehrphasige Projekt zielt darauf ab, die Geschwindigkeit zu erhöhen und die Latenz in den aktuellen Transceiverlösungen, die im Wertpapierhandel verwendet werden, zu reduzieren.
Die erste Phase umfasst das Design von Prototypen von Transceiver-Motoren basierend auf POET Optical Interposer, um die Kundenspezifikationen zu erfüllen, gefolgt von weiteren Prototypen und einer möglichen Produktion von maßgeschneiderten optischen Motoren. Das Projekt wird 2025 Einnahmen für POET generieren und zeigt die Expansion des Unternehmens in ein neues Marktsegment.
- New revenue stream secured for 2025 through multi-phase development project
- Entry into high-frequency trading market segment
- Contract with major global financial services company
- None.
Insights
This strategic partnership marks a pivotal expansion for POET Technologies into the highly lucrative financial technology sector. High-frequency trading firms operate in an environment where microseconds can translate into millions in profit or loss, making the development of ultra-low-latency optical engines a critical competitive differentiator.
The multi-phase structure of this agreement is particularly noteworthy. Starting with prototype development provides POET with immediate revenue generation while establishing a foothold in the HFT infrastructure market. If successful, the transition to production could open up significant recurring revenue opportunities, as HFT firms typically maintain multiple redundant systems and require regular technology upgrades to maintain their competitive edge.
The selection of POET by a global leader in HFT validates the company's technical capabilities and could serve as a powerful reference case for penetrating the broader financial services market. This sector is particularly attractive due to its:
- High barriers to entry and stringent performance requirements
- Willingness to invest in cutting-edge technology
- Need for continuous infrastructure upgrades to maintain competitive advantages
The agreement also demonstrates the versatility of POET's Optical Interposer platform, suggesting potential applications in other latency-sensitive markets such as cloud computing and AI infrastructure. This diversification strategy could help reduce POET's market risk while expanding its total addressable market.
Demonstrates versatility of Optical Interposer Platform and adds new revenue stream
TORONTO, Jan. 31, 2025 (GLOBE NEWSWIRE) -- POET Technologies Inc. ("POET" or the "Company") (TSX Venture: PTK; NASDAQ: POET), a leader in the design and implementation of highly-integrated optical engines and light sources for Artificial Intelligence networks, announces that it has signed an agreement to develop a novel optical engine for use in a high-frequency securities trading operation for a global capital markets firm. High-frequency trading (“HFT”) is a type of automated trading that uses powerful computers to execute a large number of trades in fractions of a second.
The multi-phase project is a pioneering effort to increase the speed and decrease the latency inherent in current transceiver solutions utilized by securities trading operations. The first phase of the project will begin immediately with POET designing prototypes of POET Optical Interposer–based transceiver engines built to meet the customer’s specification. Subsequent phases include building additional prototypes and, if successful, production optical engines customized for this application.
"We are delighted to have embarked on this ambitious project with a global leader in HFT," commented Raju Kankipati, Chief Revenue Officer of POET. "This project generates revenue for POET this year and demonstrates the versatility of the POET Optical Interposer and the entry into a new, related market space by the Company."
About POET Technologies Inc.
POET is a design and development company offering high-speed optical modules, optical engines and light source products to the artificial intelligence systems market and to hyperscale data centers. POET's photonic integration solutions are based on the POET Optical Interposer™, a novel, patented platform that allows the seamless integration of electronic and photonic devices into a single chip using advanced wafer-level semiconductor manufacturing techniques. POET's Optical Interposer-based products are lower cost, consume less power than comparable products, are smaller in size and are readily scalable to high production volumes. In addition to providing high-speed (800G, 1.6T and above) optical engines and optical modules for AI clusters and hyperscale data centers, POET has designed and produced novel light source products for chip-to-chip data communication within and between AI servers, the next frontier for solving bandwidth and latency problems in AI systems. POET's Optical Interposer platform also solves device integration challenges in 5G networks, machine-to-machine communication, self-contained "Edge" computing applications and sensing applications, such as LIDAR systems for autonomous vehicles. POET is headquartered in Toronto, Canada, with operations in Allentown, PA, Shenzhen, China, and Singapore. More information about POET is available on our website at www.poet-technologies.com.
| Media Relations Contact: Adrian Brijbassi Adrian.brijbassi@poet.tech | Company Contact: Thomas R. Mika, EVP & CFO tm@poet.tech |
Forward-Looking Statements
This news release contains "forward-looking information" (within the meaning of applicable Canadian securities laws) and "forward-looking statements" (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as "anticipate", "believe", "expect", "plan", "intend", "potential", "estimate", "propose", "project", "outlook", "foresee" or similar words suggesting future outcomes or statements regarding any potential outcome. Such statements include the Company's expectations with respect to the success of the Company's product development efforts, the performance of its products, operations, meeting revenue targets, and the expectation of continued success in the financing efforts, the capability, functionality, performance and cost of the Company's technology as well as the market acceptance, inclusion and timing of the Company's technology in current and future products and expectations regarding its successful development of high-frequency trading solutions and its penetration of the Artificial Intelligence hardware markets.
Such forward-looking information or statements are based on a number of risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Assumptions have been made regarding, among other things, the completion of its development efforts with its securities trading partner, the ability to build working prototypes to the customer’s specifications, and the size, future growth and needs of Artificial Intelligence network suppliers. Actual results could differ materially due to a number of factors, including, without limitation, the failure to produce working prototypes on time and within budget, the failure of Artificial Intelligence networks to continue to grow as expected, the failure of the Company's products to meet performance requirements for AI and datacom networks, operational risks in the completion of the Company's projects, the ability of the Company to generate sales for its products, and the ability of its customers to deploy systems that incorporate the Company's products. Although the Company believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in the Company's securities should not place undue reliance on forward-looking statements because the Company can provide no assurance that such expectations will prove to be correct. Forward-looking information and statements contained in this news release are as of the date of this news release and the Company assumes no obligation to update or revise this forward-looking information and statements except as required by law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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FAQ
What is POET Technologies developing for the high-frequency trading industry?
When will POET Technologies begin the HFT optical engine development project?
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