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POET Technologies Inc. develops photonic integrated circuits, high-speed optical engines, light-source products and custom optical modules for AI systems and hyperscale data centers. News about POET centers on commercialization of its POET Optical Interposer platform, POET Infinity optical engines, POET Blazar external light source and other optical connectivity products for high-bandwidth data-center networks.
Recurring updates include customer purchase orders and cancellations, product demonstrations, joint development work with optical-component partners, manufacturing scale-up, equity financings, quarterly operating results, shareholder voting matters and governance disclosures.
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.
POET Technologies Inc. will participate in the Oppenheimer 5G Summit: The Revolution Continues on December 13, 2022, at 12:25 p.m. ET. The company's executive management will host a virtual fireside chat and meet registered participants throughout the day. Portfolio managers and analysts can request meetings with management through Oppenheimer. An archived replay of the chat will be available on POET's investor relations website. POET is a leader in designing and developing the POET Optical Interposer™ for integrating electronic and photonic devices, targeting AI, IoT, and data centers.
POET Technologies Inc. has engaged Stockhouse Publishing for a 12-month agreement to enhance investor awareness. The Company will leverage Stockhouse's tools to reach targeted audiences in Canada, the US, and Europe, investing C$100,000 in various advertising campaigns. This partnership comes after the termination of a previous relationship with North Equities. POET, known for its Optical Interposer technology, aims to drive market interest in its products and solutions for data centers and AI markets. The collaboration will utilize social media and internet marketing to promote the Company.
TORONTO, Nov. 14, 2022 - POET Technologies reported its Q3 2022 financial results, showing a net loss of $4.0 million ($0.11 per share), up from $3.5 million ($0.10 per share) in Q3 2021. The company achieved $233,000 in non-recurring engineering revenue from multiple clients, a significant increase from $nil in Q3 2021. Key achievements include collaboration with Lumentum for 100G direct lasers and the sampling of 200G optical engines, positioning POET for a growing market projected to expand from $4 billion in 2023 to $7 billion by 2027.
POET Technologies has partnered with Lumentum Holdings to utilize high-speed directly modulated laser technology in its optical engines, targeting the 400G, 800G, and 1.6T transceiver markets. Expected sampling of the 400G FR4 optical engines will commence in H1 2023, with production slated for H2 2023. This innovative solution aims to disrupt the current market by offering lower costs and power requirements compared to traditional methods. The 400G/800G/1.6T transceiver market is projected to grow from $2B in 2023 to $6.5B by 2027.
POET Technologies has announced its integration of Directly Modulated Lasers (DMLs) for optical engines targeting the 400G, 800G, and 1.6T data center markets. This innovation is expected to enhance power efficiency and scalability for hyperscale data centers. The company will sample its 800G/1.6T optical engines in the first half of 2023. POET's optical engines will be the first to utilize DMLs at such high data rates, facilitating simplified transceiver designs without costly active alignments. This technological advancement is poised to significantly improve transceiver performance.
POET Technologies announced its Annual and Special Meeting of Shareholders will be held virtually on October 14, 2022, at 1:00 p.m. Eastern Time. Shareholders as of August 30, 2022, can vote via proxy or attend the live audio webcast. A detailed management circular has been sent to shareholders. Online check-in starts at 12:00 p.m. Management will provide a business update followed by a Q&A session. POET specializes in the POET Optical Interposer technology for high-growth sectors including AI and IoT, enhancing the integration of electronic and photonic devices.