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POET Technologies Inc (POET) drives innovation in photonic integration through its patented Optical Interposer Platform, enabling advanced optical engines for AI systems and hyperscale data centers. This page provides official updates on technological milestones, financial developments, and strategic initiatives shaping the company's position in high-speed optical solutions.
Access curated press releases and news covering product launches, partnership announcements, and financial results. Investors will find essential updates on POET's progress in addressing integration challenges for data communication and computing applications, while analysts gain insights into market expansion within telecommunications and sensing technologies.
Key content includes earnings reports, intellectual property developments, and manufacturing advancements related to wafer-level semiconductor integration. Bookmark this page for real-time updates on POET's role in advancing optical interposer applications across global tech ecosystems.
POET Technologies (TSX: PTK; NASDAQ: POET) has successfully delivered samples of its advanced optical transmit engines to three global technology leaders. The shipments include final design samples of the POET Infinity transmit product line for 400G and 800G applications, featuring 400G FR4, 800G 2xFR4, and 800G DR8 transmit formats, manufactured at their Malaysia facility.
The FR4 optical engines, which include multiplexer capability, can be paired with POET receiver engines for integrated pluggable transceivers. Customers are developing pluggable transceivers using two-chip solutions for 400G and three-chip solutions for 800G. With receive optical engines already qualified, these transmit engine samples enable module completion for customer qualification, with production orders anticipated in H2 2025.
According to LightCounting research, demand for these three module types is projected at 20 million units annually over the next 5 years.
POET Technologies (TSX: PTK; NASDAQ: POET) has received the prestigious Lightwave+BTR Innovation Reviews Elite Score award for its Optical Interposer™ technology in the Optical Transceiver and Transponder category. This marks the company's fourth major award in less than a year, following recognitions for AI Breakthrough Award, Global Tech's Best in Artificial Intelligence, and Merit Awards' AI Innovator of the Year.
The award, to be presented at the 2025 OFC Conference in San Francisco (March 31-April 3), recognizes POET's innovation in developing integrated optical engines and light sources for AI networks. The judges evaluated entries based on originality, innovation, customer impact, requirement fulfillment, approach novelty, and cost-effectiveness.
According to CEO Dr. Suresh Venkatesan, the technology is gaining industry attention due to its cost savings, power efficiency, and superior performance capabilities as the industry progresses toward 1.6Tbps speeds and beyond.
POET Technologies has issued its '2025 Outlook' highlighting its position in AI infrastructure hardware. The company is focusing on developing optical engines for high-speed transceivers, targeting speeds of 800Gbps, 1.6Tbps, and 3.2Tbps to meet explosive AI demand. Key developments include:
- Securing over $110 million in cash, including a pending $25 million public offering
- Acquiring control of Super Photonics Xiamen (SPX)
- Establishing manufacturing partnership with Globetronics in Malaysia
- Working with major customers like Foxconn Interconnect Technologies and Luxshare Tech
The company plans to showcase its most advanced optical engine, including a production-ready 1.6Tbps transmit optical engine, at the upcoming OFC Conference. Market forecasts predict optical transceiver sales to grow at 56.5% annually, reaching 31.9 million units of 400Gbps or greater speeds in 2025.
POET Technologies (TSX Venture: PTK; NASDAQ: POET) has signed an agreement to develop a novel optical engine for high-frequency trading (HFT) operations with a global capital markets firm. The multi-phase project aims to increase speed and reduce latency in current transceiver solutions used in securities trading.
The first phase involves designing POET Optical Interposer-based transceiver engine prototypes to meet customer specifications, followed by additional prototypes and potential production of customized optical engines. The project will generate revenue for POET in 2025 and demonstrates the company's expansion into a new market segment.
POET Technologies has completed its acquisition of Super Photonics Xiamen (SPX), gaining 100% ownership by purchasing the remaining 24.8% equity from Sanan for US$6.5 million, payable over 5 years starting October 31, 2025. The deal includes an option for Sanan to convert payments into POET common shares. Additionally, POET acquired SPX's production equipment for US$3.8 million, payable in four quarterly installments.
The acquisition strengthens POET's 'China Plus One' strategy and complements its recent manufacturing agreement with Globetronics in Malaysia. The combined facilities will have capacity exceeding one million optical engines annually for 800G and higher speed transceivers needed in AI clusters. POET will maintain SPX's assembly operations in Sanan's cleanrooms while considering future location options.
POET Technologies has signed multiple agreements with Globetronics Manufacturing (GMSB) in Penang, Malaysia, for the manufacture of optical engines. The agreements include a Master Agreement, an Optical Engine Purchase Agreement, and a Deed of Consignment for wafer-level process equipment. GMSB's parent company has allocated RM7.7 million (US$1.7 million) for capital expenditures over 2025-2027.
Additionally, POET expects to finalize binding agreements by December 31, 2024, with SAIC regarding the transfer of its 24.8% stake in Super Photonics Xiamen (SPX) joint venture. The company also confirmed that its previously announced US$25 million public offering has been fully subscribed by a single institutional investor, with closing expected after the SPX acquisition completion.
POET Technologies announces a non-brokered public offering of 5,000,000 units at US$5.00 per unit, aiming to raise US$25 million. Each unit includes one common share and half a warrant, with each full warrant exercisable at US$6.00 for five years. The offering price represents a premium over the closing price on TSX Venture Exchange on December 11, 2024. The offering is expected to be fully subscribed by a single Canadian institutional investor and close around December 19, 2024. Proceeds will be used for working capital and general corporate purposes. The offering requires regulatory approvals, including TSX Venture Exchange approval.
POET Technologies has expanded its Board of Directors to six members with the appointment of Bob Tirva as director and Audit Committee member, effective December 5, 2024. Tirva brings over 30 years of technology industry executive experience, having held positions at IBM, Broadcom, Dropbox, and Intermedia Cloud Communications. He most recently served as President, COO, and CFO of Sonim Technologies until its 2022 acquisition.
As compensation, Tirva will receive 18,823 stock options exercisable for 10 years at CAD$7.19 per share, vesting quarterly over 7 months, plus US$17,500 in cash payments. The Board now consists of Dr. Suresh Venkatesan (Chair), Jean-Louis Malinge (Lead Independent Director), Theresa Lan Ende, Glen Riley, Chris Tsiofas, and Bob Tirva.
POET Technologies has completed a US$25 million registered direct offering with a single institutional investor. The company issued 5,555,556 common shares and warrants to acquire up to 2,777,778 additional shares. The combined price was US$4.50 per share with accompanying half-warrant, while the warrant exercise price is US$6.00 per share, valid for five years.
The net proceeds will be used for working capital related to the company's planned expansion of assembly operations into Malaysia and other corporate purposes. No commission, finder's fee, or underwriter was involved in the offering. The offering was made through a prospectus supplement to the company's short form base shelf prospectus, filed with Canadian and U.S. regulatory authorities.
POET Technologies announces a US$25 million registered direct offering, planning to issue 5,555,556 common shares and warrants for 2,777,778 additional shares. The combined price is set at US$4.50 per share with accompanying warrant for half a share. Warrants will be exercisable at US$6.00 per share for five years. The proceeds will support working capital needs, particularly for the company's planned expansion of assembly operations into Malaysia. The offering, expected to close around December 3, 2024, will be made to a single institutional investor through a prospectus supplement to the company's base shelf prospectus.
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