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, telecommunication and artificial intelligence markets,
today announced that its joint exhibition with Super Photonics
Xiamen (SPX) at the China International Optoelectronics Expo (CIOE)
in Shenzhen earlier this month was an outstanding success that
signals more near-term commercial activity for the Company.
The objective for both POET and SPX was to
feature 800G optical transceiver solutions by demonstrating the
live performance of POET’s transmit (Tx) and receive (Rx) optical
engines over 2km of fiber. With high demand for 800G 2xFR4
transceivers, over 20 private customer meetings were completed. Two
major Tier 1 module suppliers already engaged with POET and its
joint venture company, SPX, requested samples to be submitted for
immediate evaluation, including optical engines for 800G Tx, 800G
Rx, 400G Tx (the POET InfinityÔ chiplet) and 400G Rx. An additional
engaged Tier 1 customer requested a quote for a customized 100G LR4
optical engine. Four new potential Tier 1 / Tier 2 customers
requested samples as soon as possible for their 800G module
designs.
POET’s 400G prototype transceiver module in the
small QSFP-DD form factor highlighted the simplicity of the design
and the excellent performance of its Tx and Rx optical engines.
“One customer commented, ‘Wow! I don’t have to worry about any
coupling with your engines,’” said Raju Kankipati, POET’s North
America GM and Senior VP of Product Management. “That kind of
reaction is a testimony to the advantages we offer the industry. At
CIOE, our value proposition was evident to those many attendees who
witnessed our product demos.”
Conventional module assembly is challenging,
often needing multiple labor-intensive active alignments to ensure
proper coupling among components. With POET’s optical engines, no
active alignments are needed.
In addition to potential module customers, the
POET/SPX exhibit attracted the attention of major end users,
including Alibaba, FiberHome, and ByteDance. POET and SPX also met
with several key suppliers at the Conference, including several
large and prominent laser and electronic component suppliers. Those
conversations served to demonstrate how POET has integrated these
components in its novel designs and how the POET ecosystem can be
further strengthened with even deeper collaborations.
It was the first time since the pandemic that
event organizers held an in-person CIOE, which meant many attendees
were introduced to POET’s product lines for the first time during
the September 6-8 event. Once customer representatives in China saw
what POET has achieved with its optical engines, chiplets, and new
modules, all based on the POET Optical Interposer™, they were eager
to learn more. Follow-up discussions have already begun.
A video with more information on the Company’s
activities at CIOE will be released on the POET YouTube channel in
the coming days.
Dr. Mo Jinyu, POET’s Asia GM and Senior VP also
made a presentation about the Company’s products to a large and
enthusiastic audience at the International Conference on Computer
Systems in Shenzhen (ICCSZ), which preceded the three-day CIOE
Exhibition.
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 chip using advanced wafer-level
semiconductor manufacturing techniques and packaging methods.
POET’s Optical Interposer eliminates costly components and
labor-intensive assembly, alignment, 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.
Contacts:
Media Relations Contact:Adrian
Brijbassiadrian.brijbassi@poet-technologies.com |
Company Contact:Thomas R. Mika, EVP &
CFOtm@poet-technologies.com |
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Forward-Looking StatementsThis
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 demonstration of its products at exhibitions, and
the capability, functionality, performance and cost of the
Company’s technology, as well as the timing and inclusion of its
technology in customer’s 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 its attendance at certain
exhibitions, its ability to perform live demonstration of its
products and the attendance and interest from customers and
analysts. Actual results could differ materially due to a number of
factors, including, without limitation, the failure of the Company
to attend exhibitions, the ability to perform live demonstrations,
the attractiveness of its product offerings and technology to
customers and analysts. 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
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Photos accompanying this announcement are available
at:https://www.globenewswire.com/NewsRoom/AttachmentNg/7669085f-88b3-4e20-bed9-39e58ca7d10b
https://www.globenewswire.com/NewsRoom/AttachmentNg/832c6eed-6408-4221-a94e-1b9e1ccfb607
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