POET Technologies Announces First Volume Purchase Order For Its Optical Engines
11 Mai 2023 - 1:00PM
POET Technologies Inc. (“POET” or the “Company”) (NASDAQ: POET |
TSXV: PTK), the designer and developer of the POET Optical
Interposer™ and Photonic Integrated Circuits (PICs) and light
sources for the data center, tele-communication and artificial
intelligence markets, today announced the first volume production
order for its optical engines placed with the Company’s 80%-owned
joint-venture company, Super Photonics Xiamen (“SPX”). Valued at
more than US$3 million, the purchase order was placed by Beijing
FeiYunYi Technology Ltd. (”BFYY”), which will produce optical
transceiver modules using POET-designed optical engines for sale to
telecom and data center markets globally. This initial volume
purchase order was placed against BFYY’s 3-year forecast of US$30
million in expected optical engine purchases.
With deep connections to the telecom industry in
China, BFYY is investing heavily in transceiver module design and
manufacturing to build, market and sell optical transceiver modules
specifically focused on large telecom and data center service
providers. The modules incorporate POET Optical Interposer-based
optical engines which are assembled with components, tested and
sold by POET’s 80%-owned JV company, SPX.
"We are pleased to partner with POET and Super
Photonics to utilize their unique optical engines in our
transceivers,” said Wei Zhang (Wesley Zhang), CEO of BFYY. “POET
and Super Photonics have demonstrated the superior performance and
design of these optical engines. There is ongoing close
collaboration among our engineering and manufacturing teams to
complete the design and start production. Feedback from our
customers is extremely positive and we want to quickly ramp to
high-volume production to service the telecom market.”
POET had previously announced POET ONE™, a
single-chip optical engine solution incorporating complete transmit
and receive functionalities for implementation in a 100G optical
transceiver. The POET ONE optical engine offers significant
performance advantages and minimizes the transceiver design cycle
time for BFYY. In addition to the cost benefits of POET’s
wafer-scale assembly, POET ONE will enable BFYY to speed the design
and qualification cycle with customers and ramp to high-volume
production and sales.
“With this purchase order, POET and SPX have
both achieved major commercial milestones for our optical engines
and for the companies overall. A production order of this size
validates the commercial viability of our optical engines and other
POET Optical Interposer-based products that are specifically
designed to be scalable in volume, cost, and power consumption,
well ahead of current industry demands,” said Vivek Rajgarhia,
President and GM of POET and Vice-Chairman of SPX. “Our fundamental
differentiation in bringing wafer-scale die attach, passive optical
assembly, and chip-scale manufacturing represents the true
“semiconductorization” of photonics. Our partnerships with
world-class component vendors, combined with the POET Optical
Interposer platform, allows us to serve the needs of customers like
BFYY in a highly competitive market with a truly differentiated
technology.”
POET and SPX expect to complete the design
verification testing and reliability qualification of POET ONE by
the fourth quarter of 2023 and then start production shipments to
BFYY in early 2024.
Watch a video of POET’s Chairman and CEO Dr. Suresh Venkatesan
discussing the agreement and more here:
https://youtu.be/I9wbQFYTne8
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 |
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 announced
products and those of its customers.
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 of the
Company’s announced products, the ability to design a product to
the required specifications, the success of its customer’s
products, the capabilities of its operations, including its joint
venture and business partners to correctly gauge market needs and
to produce products in the required amounts and on a timely basis.
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 produce products on a
timely basis or at all, the failure of its optical engines to be
incorporated into its customer’s transceiver products, the failure
of its customer’s products to achieve market penetration,
operational risks including 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 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
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