Poet Technologies Inc Stock Price, News & Analysis

POET Technologies has signed a $1 million agreement with Beijing FeiYunYi Technology to design optical engines for telecom modules, primarily focused on the Chinese market. The partnership includes an initial order for 10,000 units and aims to leverage POET’s innovative single-chip solution, POET ONE™, for 100G optical transceivers. BFYY forecasts over $30 million in optical engine purchases over three years, driven by the growing demand for 5G and Fiber-to-the-Home services in China. This collaboration positions POET to play a significant role in network transformation for major telecom providers.

POET Technologies will showcase its innovative optical engine products at the 2023 Optical Fiber Communication Conference (OFC) from March 7-9. The company plans to demonstrate advanced technologies including 800G 2xFR4 and 100G LR4 optical engines and O-Band LightBar™ for AI-ML GPUs at Booth #5311. Senior VP Raju Kankipati expressed optimism for significant customer interest in their products, which utilize the POET Optical Interposer™ for compact, high-performance designs. POET aims to strengthen its partner network while presenting its latest innovations, reinforcing its position in the photonics industry.

POET Technologies Inc. (NASDAQ: POET) announced on February 10, 2023, that the expiry date of all unexercised common share purchase warrants will be accelerated to March 10, 2023. This decision follows a substantial increase in the company's share price, which exceeded $4.89 for 10 consecutive trading days as of February 3, 2023. Approximately 1,478,203 warrants remain unexercised, each convertible into one common share at an exercise price of $4.25. The acceleration triggers are in accordance with the warrant indenture governing the issued warrants, reflecting the company's compliance with TSX Venture Exchange policies.

POET Technologies Inc. (NASDAQ: POET) has commenced sampling its groundbreaking 400G FR4 and 800G 2xFR4 receive optical engines (RXOEs). Partnering with Luxshare Technology, POET aims to deliver power-efficient transceiver solutions for the data center market. The RXOEs uniquely integrate photonic and electronic components on a single chiplet, promising superior performance, simplified design, and lower costs. POET anticipates completing design verification and reliability testing in the first half of 2023, with production slated for the second half. The collaboration is expected to leverage LuxshareTech's expertise to fulfill growing demand in high-speed optical transceivers.

POET Technologies has amended the terms of 1,764,720 common share purchase warrants issued during a February 2021 private placement. The warrants are now exercisable at a price of C$4.25 until May 11, 2023. If the common shares close at or above C$4.89 for 10 consecutive trading days, the expiry date may be accelerated by 30 days. All other conditions remain unchanged. This amendment follows a previous news release from December 2022.

POET focuses on optical interposer technology for data centers, telecommunications, and AI.

POET Technologies has announced a collaboration with ADVA Optical Networking SE to develop advanced multi-engine chip-on-board solutions. This partnership focuses on 100G CWDM4 and 100G LR4 technologies. ADVA will utilize POET's innovative chips in a compact solution that integrates four independent 100Gbit/s interfaces into a single QSFP-DD housing. This strategic collaboration aims to enhance capabilities in optical networking, marking a significant step for POET in the telecommunications sector.

POET Technologies Inc. (TSX Venture: PTK; NASDAQ: POET) announced the development of multi-engine 100G CWDM4 and LR4 chip-on-board solutions for lead customer ADVA Optical Networking. These solutions integrate four independent 100Gbit/s interfaces into a single QSFP-DD housing, enhancing network capabilities. ADVA's MicroMux™ Quattro, utilizing POET's optical engines, targets high-density applications. The 100GBASE-LR4 optical engines are the first of their kind in chip-on-board solutions, demonstrating successful operation in tests. Production is aimed for late 2023, with market opportunities projected at an average of $700 million annually from 2023 to 2027.

POET Technologies Inc. has achieved a significant milestone by releasing four optical engines to production, marking a key step in its commercialization strategy. These engines utilize advanced wafer-level chip-scale packaging technology and include features for cost-effective 100G CWDM4, 200G FR4, and 400G FR4 pluggable transceivers for the telecom and data center markets. Working alongside Super Photonics, POET has successfully completed design and reliability tests. The next phase involves customers qualifying the products, with early orders expected in the near future.

POET Technologies has announced plans to amend the terms of 1,764,720 common share purchase warrants following a private placement on February 11, 2021. The amendments involve reducing the exercise price from C$11.50 to C$4.25 and extending the expiry date from February 11, 2023, to May 11, 2023. The amendments require approval from 66 2/3 percent of the warrant holders. The revised terms include an acceleration clause that allows for an earlier expiration if the stock price exceeds C$4.89 for 10 consecutive trading days.