POET Technologies Earns High Praise from Industry Expert in New e-Book
December 08 2023 - 7:10AM
POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK;
NASDAQ: POET), the designer and developer of the POET Optical
Interposer™, Photonic Integrated Circuits (PICs) and light sources
for the data center, tele-communication and artificial intelligence
markets, today announced its recognition by noted semiconductor
industry expert and author Mark Stansberry.
In his latest independently written e-book that
is part of “The Dawn of the Nanophotonics Age” series, Mr.
Stansberry notes that POET “holds key technology that is essential
for companies” and the POET Optical Interposer and waveguide
technology “are the building blocks for tomorrow's photonic systems
on a chip.”
An engineer and former Intel technical writer, Mr. Stansberry
has written extensively about the semiconductor and optoelectronics
industry, and was attracted to POET because of its novel approach
to hybrid integration that creates unparalleled advantages in cost,
scale, and power.
"From a historical perspective, POET Technologies might just
well become as renowned as the transistor-age founding companies
are today,” Mr. Stansberry notes. "POET Technologies with its
portfolio of over 75 patents and its decades-long effort in
photonics integrated circuit technology research is symbolic of
that same spirit that developed and created the transistor, which
60 years later has blossomed into the $500 billion semiconductor
industry we see today.”
Published on December 5, the report is intended
for investors, technologists, semiconductor business,
manufacturing, and marketing professionals as well educators and
students.
“We are thrilled that a respected industry
observer such as Mr. Stansberry has independently recognized what
we have said all along — that the POET platform, based on our
optical interposer, can be the foundation of the next generation of
networked computing,” said POET’s Chairman & CEO Dr. Suresh
Venkatesan. “We expect that our ‘semiconductorization of photonics’
process and the products that emerge from it will continue to
garner praise from industry observers and such honors will help
build on the commercialization efforts that are well under way
heading into 2024.”
As part of his research for the book, Mr.
Stansberry studied the Company’s website and publications and
conducted a 90-minute interview with an executive member of the
POET team. POET neither funded the production of the book nor
reviewed it prior to publication and has no past or present
relationship with Mr. Stansberry.
POET does not warrant the accuracy of
any the facts stated the e-book, nor does it endorse or adopt any
of the conclusions or opinions stated in that publication, which
are solely those of the author.
"The Dawn of the Nanophotonics Age" e-book
report is available for purchase only on Amazon.com.
About POET Technologies
Inc.POET 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.
Contacts:
Media Relations
Contact:Adrian
Brijbassiadrian.brijbassi@poet-technologies.com |
Company
Contact:Thomas R. Mika, EVP &
CFOtm@poet-technologies.com |
Forward-Looking StatementsThis
press 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 an outlook. Such
information and statements include the Company’s anticipated use of
the net proceeds of its recent public offering.
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 of the Company’s
announced products, the timing of completion of its development
efforts, the successful implementation of its optical engine or
light source products, the success of its customers’ products, the
capabilities of its operations, including its joint venture, the
Company’s ability to correctly gauge market needs and to produce
products in the required amounts and on a timely basis. Actual
results could differ materially due to a number of factors,
including, without limitation, the Company’s ability to raise
additional capital (including any delays or changes of plan with
respect to any capital raises, the dilutive effects of capital
raises and market conditions), the failure of the Company’s
products to meet performance requirements, the failure to produce
products on a timely basis or at all, the failure of the Company’s
optical engine or light source products to be incorporated into its
customers’ products, the failure of its customers’ products to
achieve market penetration, any operational risks including the
ability to attract key personnel. 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 and statements because the Company can
provide no assurance that such expectations will prove to be
correct. Forward-looking information and statements contained in
this press release are as of the date of this press 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. 120
Eglinton Avenue, East, Suite 1107, Toronto, ON, M4P 1E2- Tel:
416-368-9411 - Fax: 416-322-5075
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/be67f5ad-dbe4-462b-a5c1-9a8a1f543240
POET Technologies (NASDAQ:POET)
Historical Stock Chart
From Mar 2024 to Apr 2024
POET Technologies (NASDAQ:POET)
Historical Stock Chart
From Apr 2023 to Apr 2024