POET
Technologies' New Module Designs Attract Major Companies at
CIOE
Live Product
Demonstrations Yield Numerous Customer Engagements
Toronto, Ontario, CA -- September 12, 2023 -- InvestorsHub
NewsWire --
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 Infinity 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.
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:
Forward-Looking
Statements
This 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.
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