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POET Technologies Inc. (TSX Venture: PTK; OTCQX: POETF) has announced the launch of its innovative 400G FR4 and 800G RX Optical Engines, utilizing the POET Optical Interposer. This groundbreaking technology is the first chip-scale integrated FR4 RX Optical Engine, delivering significant performance, cost, and power advantages. The devices are designed for the rapidly growing market, expected to exceed $2B annually by 2024, as stated by LightCounting. POET's joint venture with Super Photonics Xiamen supports scalable production capabilities for these advanced optical engines.
POET Technologies Inc. announced its participation in the Optical Fiber Conference (OFC) Exhibition on March 8-10, 2022, showcasing its 200G FR4 TX and 400G FR4 RX Optical Engine products. The event aims to enhance customer engagement in the data center and tele-communication markets. Additionally, Raju Kankipati has been appointed as Vice President – Product Line Management, bringing over 20 years of experience, including prior roles at MACOM and Arista Networks. The company continues to innovate in optical integration solutions, leveraging its unique Optical Interposer technology.
POET Technologies Inc. (OTCQX: POETF) announced a partnership with Liobate Technologies to develop Thin-Film Lithium Niobate modulators for its Optical Engines. This collaboration aims to enhance power-efficient, ultra-high-bandwidth electro-optic conversion for data center and telecom applications. The emphasis on TFLN technology is due to its advantages over traditional materials, including improved performance and lower costs. The project's initial goal is to commercialize a 400/800Gbps Transmit and Receive Optical Engine.
POET Technologies Inc. (OTCQX: POETF) announced a ten-for-one share consolidation to meet Nasdaq listing requirements and enhance its stock price appeal to institutional investors. The consolidation will reduce the number of outstanding shares from approximately 364 million to about 36 million, effective February 28, 2022. This move aims to support the company's transition to Nasdaq, where it anticipates broadened investor recognition and potentially improved stock valuation. The Board and shareholders have approved this step, which has no impact on the dollar value of shares held by investors.
POET Technologies Inc. (OTCQX: POETF) has announced an agreement with Celestial AI to provide multi-laser integrated external light source modules using its Optical Interposer technology. This collaboration aims to enhance performance in high-speed computing and tackle challenges in data transmission. Celestial AI’s Orion AI accelerator products target a chipset market projected to exceed $70 billion by 2025. POET's Optical Interposer eliminates costly conventional components, paving the way for efficiency in various high-growth computing sectors including AI and IoT.
POET Technologies has announced plans to enhance its investor relations in light of its upcoming Nasdaq listing targeted for Q1 2022. The company will participate in the 2022 Optical Fiber Communication Conference in San Diego, showcasing its innovative POET Optical Interposer™. Key actions include ensuring DTC eligibility for shares, expanding outreach programs, and a marketing agreement with North Equities for improved social media presence. This initiative aims to broaden both retail and institutional investor bases globally.
POET Technologies Inc. has appointed Dr. Robert Ditizio as Vice President of Intellectual Property to enhance its IP portfolio. Previously a consultant, Dr. Ditizio has over 20 years of experience and holds 10 patents. The company will also participate in the 24th Annual Needham Growth Conference on January 13, 2022. Additionally, POET intends to issue 38,523 common shares to settle C$30,000 in fees, marking the final tranche in a series of payments to AGORACOM. The shares are subject to regulatory approvals.
POET Technologies Inc. (OTCQX: POETF) has announced its participation in several upcoming investor conferences. Notable events include The MoneyShow on December 7, the Sidoti Micro Cap Conference on December 9, the Oppenheimer 5G Summit on December 14, and the D.A. Davidson SemiCap, Laser & Optical Conference on December 15. Presentations will cover POET’s Optical Interposer™ technology, which aims to enhance efficiency in data centers and telecommunications through integration solutions.
POET Technologies reported its financial results for Q3 2021, showing a net loss of $3.5 million or ($0.01) per share, consistent with losses from the previous year. Despite ongoing supply chain challenges, POET shipped its first 100G Transmit Optical Engine and secured commitments for additional projects valued over $1.2 million. The company ended the quarter with $20.3 million in cash, significantly increased from $6.9 million at the end of 2020. POET also recognized a $0.4 million gain from its joint venture with SPX.
