POET Technologies Announces Approval for Listing on The Nasdaq Capital Market
10 März 2022 - 10:05PM
POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK;
OTCQX: POETD), the designer and developer of the POET Optical
Interposer™ and Photonic Integrated Circuits (PICs) for the data
center and tele-communication markets, today announced the
Company’s common shares have been approved for listing and are
expected to begin trading on the Nasdaq Capital Market ("Nasdaq")
under the symbol "POET" on Monday, March 14, 2022.
The Company’s shares will continue to trade on
the OTCQX under the symbol “POETD” until trading commences on
Nasdaq, at which point the Company’s over-the-counter ticker will
be retired and automatically replaced with the Company’s new Nasdaq
ticker symbol “POET,” without any action required by shareholders.
Additionally, the Company will continue to maintain its existing
listing and trading symbol “PTK” on the TSX Venture Exchange both
prior and subsequent to the trading of shares commencing on Nasdaq.
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 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. 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 planned 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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