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POET Technologies Inc. (OTCQX: POETF) announced that its senior management will present at the Oppenheimer Technology, Internet & Communications Conference on August 10, 2021, at 11:35 a.m. ET. Dr. Suresh Venkatesan, Chairman and CEO, will showcase the POET Optical Interposer technology and provide a business update. Interested investors can view the live webcast or schedule meetings with management through their Oppenheimer sales representatives. POET offers innovative solutions for integrating electronics and photonics, addressing high-growth sectors like AI, IoT, and cloud networking.
POET Technologies Inc. announced the resignation of Donald Listwin from its Board of Directors effective immediately. Listwin, a key asset since January 2018, cited increased time commitments as the reason for his departure, not a lack of confidence in POET's future. The company also disclosed the issuance of 15,694 common shares valued at C$1.08 to AGORACOM in lieu of cash for services rendered. This is the third of five planned share issuances. POET Technologies focuses on integrated optical engines and is poised for commercial success with its innovative technology platform.
POET Technologies Inc. has announced the availability of samples for its O-band LightBar product starting September 2021. Designed for remote, aligned light sources, these products enhance data communication transceivers, optical computing, and sensing devices. The LightBar includes a customizable platform of 4 to 12 channels with high-power CW DFB lasers offering up to 17dBm output power. Live demonstrations are being held at the OFC Conference from June 7-11, 2021. The company aims to leverage its Optical Interposer technology to streamline integration in high-growth sectors like AI and IoT.
POET Technologies Inc. (POETF) announced the availability of its 100G and 200G CWDM4 Optical Engines starting in early July. These engines, developed using the POET Optical Interposer™, feature superior thermal management, high coupling efficiencies, and operate over significant distances. Manufacturing will be handled by Super Photonics Xiamen, supporting rapid scalability for customers. Additionally, samples for 400G DR4 and FR4 optical engines will be available later this year. The announcement comes amid demonstrations at the Optical Fiber Conference.
POET Technologies Inc. will participate in the 2021 Optical Fiber Communication Conference and Exhibition (OFC) from June 6-11, 2021, with a virtual booth opening on June 7. The event highlights innovations in optical and data networking, featuring top industry companies. POET will showcase its latest products, news, and video demonstrations at its Gold-level sponsored booth. The conference offers opportunities for attendees to engage with exhibitors and learn about recent technological advancements.
POET Technologies reported its Q1 2021 financial results, showing a net loss of $4.1M, compared to $3.5M in Q1 2020 and $5.0M in Q4 2020. The company completed a 100G LR4 optical engine design and made strides in its joint venture with Super Photonics Xiamen, which received $5M for operations. POET raised approximately CAD$15M through a private placement, enhancing liquidity to $23.5M. R&D expenses fell slightly to $1.3M. Overall, the company is positioning itself for growth in the AI chipset market and data center solutions.
POET Technologies Inc. (TSX Venture: PTK; OTCQX: POETF) announced management's participation in two virtual investor conferences. The Needham 16th Annual Technology & Media Conference will take place on May 18, 2021, featuring a presentation by CEO Suresh Venkatesan at 11:00 AM ET. Additionally, the Sidoti Microcap Investor Conference is scheduled for May 20, 2021 with CFO Thomas Mika presenting. Supporting materials will be available on POET's investor relations website.
POET Technologies Inc. (POETF) announced it will issue 16,782 common shares to AGORACOM as part of a marketing service agreement, settling fees of C$15,000 plus HST at a share price of C$1.01. This issuance represents the second tranche of five agreed installments of shares instead of cash payments. The transaction is subject to regulatory approvals from the TSX Venture Exchange. POET focuses on developing optical interposer solutions, enhancing efficiency in electronic and photonic device integration, particularly in high-growth computing sectors.
POET Technologies Inc. (POETF) has completed the design of a 100G LR4 optical engine for client-side interconnects, achieving a reach of 10km. The monolithic design integrates multiplexing functionality, significantly reducing costs—providing a 25% savings to customers. This optical engine uses 10% to 15% less power and is expected to deliver Alpha samples by Q3 2021. The 100G LR4 market is stable, with around 4 million units shipped annually, presenting a significant opportunity for POET alongside its 100G CWDM designs.
POET Technologies, Inc. (OTCQX: POETF; TSX Venture: PTK) announced option grants for directors, employees, and consultants totaling 4,831,250 options at an exercise price of C$1.19, representing 1.4% of issued shares. The options vest over varying periods. Additionally, the company will participate in two virtual financial conferences: the Cormark Securities’ 2021 Virtual Inflection Conference on April 13 and the OTC Virtual Technology Conference on April 15, aimed at discussing investments in sustainable technologies.
