STOCK TITAN

POET Wins “Best in Artificial Intelligence” Honors at 2024 Global Tech Awards

Rhea-AI Impact
(No impact)
Rhea-AI Sentiment
(Neutral)
Tags

POET Technologies has been awarded the 'Best in Artificial Intelligence' honor at the 2024 Global Tech Awards. This marks the company's third major recognition in 2024, following accolades from the AI Breakthrough Awards and Merit Awards. POET was selected for its innovative approach to powering AI networks and hyperscale data centers.

The Global Tech Awards, established in 2022, aims to celebrate excellence in technology, with judges from leading tech companies. POET's Optical Interposer™ platform technology and growing product suite have been acknowledged for their groundbreaking nature and positive commercial impacts.

Dr. Suresh Venkatesan, POET's Chairman & CEO, expressed enthusiasm about the recognition, noting it as a testament to why industry leaders are increasingly turning to POET for solutions in AI networking and data center connectivity.

POET Technologies è stata premiata con il riconoscimento di 'Migliore in Intelligenza Artificiale' ai Global Tech Awards 2024. Questo segna il terzo importante riconoscimento per l'azienda nel 2024, dopo i premi ricevuti agli AI Breakthrough Awards e ai Merit Awards. POET è stata selezionata per il suo approccio innovativo nel potenziare le reti di IA e i centri di dati iperscalabili.

I Global Tech Awards, istituiti nel 2022, mirano a celebrare l'eccellenza nella tecnologia, con giudici provenienti da importanti aziende del settore. La tecnologia della piattaforma Optical Interposer™ di POET e il crescente assortimento di prodotti sono stati riconosciuti per la loro natura innovativa e per i loro effetti commerciali positivi.

Il Dr. Suresh Venkatesan, Presidente e CEO di POET, ha espresso entusiasmo riguardo al riconoscimento, notando che rappresenta una prova del perché i leader del settore si rivolgano sempre più a POET per soluzioni in networking di IA e connettività dei centri dati.

POET Technologies ha sido galardonada con el honor de 'Mejor en Inteligencia Artificial' en los Global Tech Awards 2024. Este es el tercer importante reconocimiento para la empresa en 2024, tras recibir elogios de los AI Breakthrough Awards y los Merit Awards. POET fue seleccionada por su enfoque innovador en el impulso de redes de IA y centros de datos a gran escala.

Los Global Tech Awards, establecidos en 2022, tienen como objetivo celebrar la excelencia en tecnología, con jueces de importantes empresas tecnológicas. La tecnología de la plataforma Optical Interposer™ de POET y su creciente gama de productos han sido reconocidas por su naturaleza innovadora y sus positivos impactos comerciales.

El Dr. Suresh Venkatesan, Presidente y CEO de POET, expresó entusiasmo por el reconocimiento, señalando que es un testimonio de por qué los líderes de la industria están recurriendo cada vez más a POET para soluciones de redes de IA y conectividad de centros de datos.

POET Technologies'인공지능 부문 최고의 기업'으로 2024 글로벌 테크 어워드에서 수상했습니다. 이는 2024년 AI 브레이크스루 어워드와 머릿 어워드에 이어 회사의 세 번째 주요 인정입니다. POET는 AI 네트워크와 하이퍼스케일 데이터 센터를 지원하는 혁신적인 접근 방식이 인정받아 선정되었습니다.

2022년에 설립된 글로벌 테크 어워드는 기술 분야의 우수성을 기념하는 것을 목표로 하며, 주요 기술 회사에서 온 심사위원들이 지정합니다. POET의 Optical Interposer™ 플랫폼 기술과 성장하는 제품군은 그 혁신적 특성과 긍정적인 상업적 영향으로 평가받았습니다.

수레시 벤카테산 박사는 POET의 회장 겸 CEO로서 이 인정을 기쁘게 생각하며, 이를 통해 산업 리더들이 AI 네트워킹 및 데이터 센터 연결성 솔루션에 대해 점점 더 POET를 선택하는 이유가 드러난다고 언급했습니다.

POET Technologies a été récompensée par le prix de 'Meilleur en Intelligence Artificielle' lors des Global Tech Awards 2024. Cela marque la troisième grande reconnaissance de l'entreprise en 2024, après des distinctions reçues lors des AI Breakthrough Awards et des Merit Awards. POET a été sélectionnée pour son approche innovante pour alimenter les réseaux d'IA et les centres de données hyperscale.

Les Global Tech Awards, créés en 2022, visent à célébrer l'excellence en technologie, avec des jurys provenant des principales entreprises technologiques. La technologie de la plateforme Optical Interposer™ de POET et sa gamme de produits en pleine croissance ont été reconnues pour leur nature révolutionnaire et leurs impacts commerciaux positifs.

Dr. Suresh Venkatesan, Président et CEO de POET, a exprimé son enthousiasme concernant cette reconnaissance, notant qu'elle témoigne du fait que les leaders du secteur se tournent de plus en plus vers POET pour des solutions en matière de réseautage IA et connectivité des centres de données.

POET Technologies wurde mit dem Titel 'Bester in Künstlicher Intelligenz' bei den Global Tech Awards 2024 ausgezeichnet. Dies markiert die dritte große Auszeichnung des Unternehmens im Jahr 2024, nach Auszeichnungen von den AI Breakthrough Awards und den Merit Awards. POET wurde für ihren innovativen Ansatz zur Unterstützung von KI-Netzwerken und hyperskalaren Rechenzentren ausgewählt.

Die Global Tech Awards, die 2022 ins Leben gerufen wurden, zielen darauf ab, Exzellenz in der Technologie zu feiern, mit Juroren von führenden Technologieunternehmen. Die Plattformtechnologie Optical Interposer™ von POET und das wachsende Produktportfolio wurden für ihre bahnbrechende Natur und positiven kommerziellen Auswirkungen anerkannt.

Dr. Suresh Venkatesan, der Vorsitzende und CEO von POET, äußerte seine Begeisterung über die Anerkennung und merkte an, dass dies ein Beweis dafür ist, warum immer mehr Branchenführer auf POET für Lösungen im Bereich KI-Netzwerktechnologie und Rechenzentrumsvernetzung zurückgreifen.

Positive
  • None.
Negative
  • None.

poet-award-badge-for-ai-global-tech-awards

TORONTO, Oct. 16, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer™, Photonic Integrated Circuits (PICs) and light sources for the data center, tele-communication and artificial intelligence markets, has been named the winner of the “Best in Artificial Intelligence” category at the prestigious 2024 Global Tech Awards, announced on October 14. The honor is the third top prize the Company has received in 2024, following recognition by the AI Breakthrough Awards for “Best Optical AI Solution” and the Gold Prize for “AI Innovator of the Year” from the Merit Awards.

POET Technologies was chosen as the Best in the Artificial Intelligence category due to “its innovative approach to powering AI networks and hyperscale data centers.” “POET’s commitment to improving the performance and scalability of AI infrastructure sets it apart as a leader in the industry,” commented Sirisha Lanka, Managing Director of the Global Tech Awards. Founded in 2022, the awards’ mandate is to “recognize and celebrate excellence in technology.” Among the judges were executives from enterprises such as Amazon, Microsoft, and Oracle. 

“We’re thrilled to be recognized by industry experts who acknowledge the groundbreaking nature and positive commercial impacts of the POET Optical Interposer™ platform technology and the growing suite of products we are building from it,” said Dr. Suresh Venkatesan, POET Chairman & CEO. “Winning the Best in Artificial Intelligence honor from the Global Tech Awards is another stellar indication of why an increasing number of the leading companies in our industry are turning to POET for solutions that will help them grow their market share and assist them in developing new products that address the demand for AI networking and data center connectivity.”

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.

About Global Tech Awards
The Global Tech Awards is a prestigious platform that recognizes and celebrates the very best in technology. With a focus on innovation creativity and excellence, the Global Tech Awards aims to identify and reward the most exceptional technology solutions and services from around the world. The awards are open to businesses, organizations and individuals who are creating and delivering innovative technologies that are driving progress and shaping the future. If you are developing cutting-edge technology and want to showcase your achievements to the world, consider entering the Global Tech Awards today. www.globaltechaward.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, the expected results of its 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 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 size, future growth and needs of Artificial Intelligence network suppliers, management’s expectations regarding the success and timing for completion of its development efforts, the introduction of new products, financing activities, future growth, recruitment of personnel, reorganization efforts, plans for and completion of projects by the Company’s consultants, contractors and partners, availability of capital, and the necessity to incur capital and other expenditures. Actual results could differ materially due to a number of factors, including, without limitation, 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, lack of sales in its products, lack of sales by its customers to end-users, operational risks in the completion of the Company’s projects, risks affecting the Company’s ability to complete its products, the ability of the Company to generate sales for its products, the ability of its customers to generate sales for products that incorporate the Company’s products, the ability to attract key personnel, the failure of its reorganization efforts and the ability to raise additional capital when needed. 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.
120 Eglinton Avenue, East, Suite 1107, Toronto, ON, M4P 1E2- Tel: 416-368-9411 - Fax: 416-322-5075

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/96c01282-3fb8-4e31-b9b1-b8c12e73564d


FAQ

What award did POET Technologies win at the 2024 Global Tech Awards?

POET Technologies won the 'Best in Artificial Intelligence' award at the 2024 Global Tech Awards.

How many major awards has POET Technologies received in 2024?

POET Technologies has received three major awards in 2024, including the 'Best in Artificial Intelligence' from the Global Tech Awards, 'Best Optical AI Solution' from the AI Breakthrough Awards, and 'AI Innovator of the Year' from the Merit Awards.

What is POET Technologies' key technology that led to this award?

POET Technologies' key technology is the POET Optical Interposer™ platform, which is designed for powering AI networks and hyperscale data centers.

When were the 2024 Global Tech Awards announced?

The 2024 Global Tech Awards were announced on October 14, 2024.

What markets does POET Technologies focus on?

POET Technologies focuses on the data center, telecommunication, and artificial intelligence markets.

POET Technologies Inc. Common Shares

NASDAQ:POET

POET Rankings

POET Latest News

POET Stock Data

288.13M
65.60M
0.88%
5.58%
1.78%
Semiconductors
Technology
Link
United States of America
Toronto