POET Technologies Commences Trading on Nasdaq Under Symbol “POET”
14 März 2022 - 2:35PM
POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK;
Nasdaq: POET), the designer and developer of the POET Optical
Interposer™ and Photonic Integrated Circuits (PICs) for the data
center and tele-communication markets, announced that the Company’s
common shares have commenced trading on the Nasdaq Capital Market
("Nasdaq") under the symbol "POET" as of market open today, March
14, 2022.
“Our trading today on the Nasdaq marks a
significant milestone for POET, and we are excited to share in this
achievement alongside our fellow shareholders,” said Suresh
Venkatesan, Chairman & CEO of the Company. “In addition to
making shares of the Company available to a broader set of
prospective institutional investors, today’s listing serves to
elevate POET’s overall visibility and increase market awareness of
our highly differentiated POET Optical Interposer platform.
Together with our continued expansion of customer engagements and
product commercialization, we believe trading on Nasdaq will
further support our growing momentum as well as maximize value for
shareholders of the Company.”
The Company will continue to maintain its
existing listing and trading symbol “PTK” on the TSX Venture
Exchange. For the avoidance of doubt, no action is required by
existing shareholders associated with the Nasdaq listing.
About POET Technologies
Inc.POET Technologies is a design and development company
offering integration solutions based on the POET Optical
Interposer™, a novel platform that allows the seamless integration
of electronic and photonic devices into a single multi-chip module
using advanced wafer-level semiconductor manufacturing techniques
and packaging methods. POET’s Optical Interposer eliminates costly
components and labor-intensive assembly, alignment, burn-in and
testing methods employed in conventional photonics. The
cost-efficient integration scheme and scalability of the POET
Optical Interposer brings value to any device or system that
integrates electronics and photonics, including some of the highest
growth areas of computing, such as Artificial Intelligence (AI),
the Internet of Things (IoT), autonomous vehicles and high-speed
networking for cloud service providers and data centers. POET is
headquartered in Toronto, with operations in Allentown, PA,
Shenzhen, China and Singapore. More information may be obtained at
www.poet-technologies.com.
Shareholder
Contact:Shelton GroupBrett L.
Perrysheltonir@sheltongroup.com |
Company
Contact:Thomas R. Mika, EVP &
CFOtm@poet-technologies.com |
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. The information in this release regarding
expectations in respect to listing and trading on the Nasdaq and
about future plans and objectives of the Company are
forward-looking information and statements. Other forward-looking
information and statements include, but are not limited to, 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.
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,
management’s expectations regarding the success and timing for
completion of its development efforts, ability to successfully
demonstrate its products on time, financing activities, future
growth, recruitment of personnel, opening of offices, the form and
potential of its planned joint venture, plans for and completion of
projects by the Company’s third-party 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 its products to meet performance
requirements, the failure to demonstrate products, operational
risks in the completion of the Company’s anticipated projects, a
delay or abandonment of its joint venture, delays in recruitment
for its newly opened operations or changes in plans with respect to
the development of the Company’s anticipated projects by
third-parties, risks affecting the Company’s ability to execute
projects, the ability of the Company to generate sales for its
products, the ability to attract key personnel, and the ability to
raise additional capital. 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
information or 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. For further
information concerning these and other risks and uncertainties,
refer to the Company’s filings on www.SEDAR.com.
Cautionary StatementTrading in
the securities of the Company should be considered highly
speculative. No stock exchange, securities commission or other
regulatory authority has approved or disapproved the information
contained herein. 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
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