PTK

POET to Present at the AI & Technology Hybrid Investor Conference Presented by Water Tower Research on April 10

Retrieved on: 
Wednesday, April 3, 2024
Optics, Conference, Communication, TMX Group, AI, Die (integrated circuit), POET, Programmable interrupt controller, PTK

TORONTO, April 03, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. (POET) (TSX Venture: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer™ and Photonic Integrated Circuits (PICs) for data center, telecommunication and AI markets today announced that Dr. Suresh Venkatesan, Chairman & CEO, will present live at the AI & Technology Hybrid Investor Conference presented by Water Tower Research and hosted by VirtualInvestorConferences.com, on April 10, 2024.

Key Points: 
  • TORONTO, April 03, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. (POET) (TSX Venture: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer™ and Photonic Integrated Circuits (PICs) for data center, telecommunication and AI markets today announced that Dr. Suresh Venkatesan, Chairman & CEO, will present live at the AI & Technology Hybrid Investor Conference presented by Water Tower Research and hosted by VirtualInvestorConferences.com, on April 10, 2024.
  • This will be a live, interactive online event where investors are invited to ask the Company questions in real time.
  • POET announced the immediate availability of Wavelight™, the Company’s debut entry into the 800G Optical Module market targeted at AI cluster and data center operators.
  • Also at OFC, POET demonstrated Starlight™, an 8-channel packaged light source powering chip-to-chip communication in AI clusters and next generation cloud data center networks.

POET and MultiLane Collaborate to Develop High-Speed Pluggable Transceivers for AI Networks

Retrieved on: 
Wednesday, March 27, 2024
IO, DSP, SAN, LPO, TMX Group, AI, Die (integrated circuit), POET, Programmable interrupt controller, Product management, PTK, Video game

POET and MultiLane will focus on jointly developing pluggable transceivers that will reduce cost and improve power efficiency over existing solutions, and address the increasing need for more scalable hardware components for AI and cloud data center markets.

Key Points: 
  • POET and MultiLane will focus on jointly developing pluggable transceivers that will reduce cost and improve power efficiency over existing solutions, and address the increasing need for more scalable hardware components for AI and cloud data center markets.
  • “Our intent with this collaboration is to design cost-optimized 800G modules that offer superior performance with both the DSP integrated version as well as Linear Pluggable Optics (LPO) variants.
  • We also want to kick start our designs for 1.6T and 3.2T pluggable transceivers for the most advanced data center and AI network operators,” said Raju Kankipati, POET’s SVP of Product Management.
  • “We have to plan and develop ahead of market demand and be ready when customers are ready to test these higher speeds.

POET Enters Optical Module Market with 800G Transceiver for Artificial Intelligence Networks

Retrieved on: 
Tuesday, March 26, 2024
OSFP, Optics, GM, Intelligence, SAN, Meta, TMX Group, AI, Die (integrated circuit), POET, Senior, AWS, Wavelight, SPX, Programmable interrupt controller, Product management, CWDM, PTK, Silicon

TORONTO and SAN DIEGO, March 26, 2024 (GLOBE 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 AI markets, today announced its first entry into the optical module market for artificial intelligence and cloud data center markets with an 800G pluggable transceiver.

Key Points: 
  • TORONTO and SAN DIEGO, March 26, 2024 (GLOBE 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 AI markets, today announced its first entry into the optical module market for artificial intelligence and cloud data center markets with an 800G pluggable transceiver.
  • The Wavelight™ is an 800G 2xFR4 OSFP module that incorporates the Company’s POET Optical Interposer™ technology and related optical engine products.
  • Wavelight is the Company’s first POET-branded module and its initial entry into the pluggable optical module market, representing a key milestone in its commercialization roadmap.
  • POET debuts in the module market at the leading edge of module designs at a speed and performance that is highly sought after by AI network operators such as Google, Meta, Nvidia and AWS.

POET Technologies Announces Intention to Amend Warrant Terms

Retrieved on: 
Friday, March 22, 2024
Indian stock exchange, TSX Venture Exchange, Exchange, Acceleration, The, Warrant, News, Die (integrated circuit), POET, Programmable interrupt controller, Amendment, Calendar, PTK, Security (finance)

Each Warrant is currently exercisable by the holder thereof to acquire one common share of the Corporation (each, a "Common Share") at an exercise price of C$4.95 (US$3.61) per Common Share until December 2, 2025.

Key Points: 
  • Each Warrant is currently exercisable by the holder thereof to acquire one common share of the Corporation (each, a "Common Share") at an exercise price of C$4.95 (US$3.61) per Common Share until December 2, 2025.
  • In accordance with the terms of the Warrants and the policies of the Exchange, the Corporation must obtain the consent of all holders of Warrants in order to give effect to the Amendments.
  • Upon the Amendments becoming effective, each Warrant will be exercisable until 5:00 p.m. (Toronto time) on December 2, 2025, at an exercise price of C$1.80 (US$1.33) per Common Share.
  • The amended warrant terms remain subject to the final acceptance of the Exchange.

POET to Demo AI Hardware Products for 800G and Beyond at OFC 2024

Retrieved on: 
Thursday, March 21, 2024
Conference, Application-specific integrated circuit, Laser, SAN, TMX Group, AI, Starlight, C band, Die (integrated circuit), POET, EML, Booth, Programmable interrupt controller, Exhibition, CWDM, PTK, Silicon, Video game

The products that POET is scheduled to demonstrate include:

Key Points: 
  • The products that POET is scheduled to demonstrate include:
    800G Optical Engines: An 800G 2xFR4 OSFP Module with integrated POET Optical Engines will be demonstrated to showcase the superior error free performance after transmission over 2km of single mode fiber.
  • The module consists of two 400G silicon photonics transmitters and one integrated 800G receiver, operating on four ITU-defined CWDM wavelengths.
  • POET Starlight™: An 8-channel packaged light source for C-Band and O-Band wavelengths for chip-to-chip AI applications and co-packaged optics for the data center market.
  • “We expect the products we showcase at OFC will vault POET to the top of the conversation for AI networking leaders who need more speed, lower cost, and improved power efficiency.

POET Technologies Reports Fourth Quarter 2023 Financial Results

Retrieved on: 
Friday, March 15, 2024
Quarter, NRE, Growth, Average cost, Tier 1, Research, TMX Group, AI, Die (integrated circuit), POET, Loss, Bank statement, Programmable interrupt controller, Depreciation, Unit, PTK, CAD, Video game

TORONTO, March 15, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK; NASDAQ: POET), the designer and developer of Photonic Integrated Circuits (PICs), light sources and optical modules for the AI and data center markets, today reported its audited consolidated financial results for the fourth quarter ended December 31, 2023.

Key Points: 
  • TORONTO, March 15, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK; NASDAQ: POET), the designer and developer of Photonic Integrated Circuits (PICs), light sources and optical modules for the AI and data center markets, today reported its audited consolidated financial results for the fourth quarter ended December 31, 2023.
  • The Company had non-cash finance costs of $14,000 in the fourth quarter of 2023 compared to non-cash finance costs of $12,000 in the fourth quarter of 2022 and non-cash costs of $18,000 in the third quarter of 2023.
  • The Company’s share of loss is approximately 76.1% of the loss of Super Photonics in the fourth quarter of 2023, 80.7% in the fourth quarter of 2022 and 78.4% in the third quarter of 2023.
  • Cash flow from operating activities in the fourth quarter of 2023 was ($2.9) million compared to ($2.7) million in the fourth quarter of 2022 and ($4.1) million in the third quarter of 2023.

POET Technologies Announces the Grant of Stock Options

Retrieved on: 
Tuesday, February 20, 2024
Programmable interrupt controller, Consultant, Die (integrated circuit), TMX Group, PTK, Pharmaceutical industry

TORONTO, Feb. 20, 2024 (GLOBE NEWSWIRE) -- 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 that the board of directors of the Company has granted 765,000 stock options to purchase common shares to officers, other employees and consultants of the Company .

Key Points: 
  • TORONTO, Feb. 20, 2024 (GLOBE NEWSWIRE) -- 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 that the board of directors of the Company has granted 765,000 stock options to purchase common shares to officers, other employees and consultants of the Company .
  • The stock option grant includes the award of 420,000 stock options to officers of the Company, 220,000 to other employees and 125,000 to consultants.
  • The stock options granted to officers and employees have an exercise price of C$1.79, being the closing price of the Company’s stock on the TSXV on February 15, 2024, are exercisable for 10 years following the grant and will fully vest on February 16, 2025.
  • The stock options granted consultants are performance based and will vest when certain performance milestones are met.

POET Technologies Announces Closing of C$6.2 Million Non-Brokered Private Placement of Units and Reports Preliminary Unaudited Fiscal Fourth Quarter and Fiscal Year 2024 Results

Retrieved on: 
Thursday, January 25, 2024
Unit, AI, Warrant, PTK, Indian stock exchange, Offering, Minority, POET, TSX Venture Exchange, Multilateral, Security (finance)

The Offering remains subject to final acceptance of the TSX Venture Exchange ("TSXV").

Key Points: 
  • The Offering remains subject to final acceptance of the TSX Venture Exchange ("TSXV").
  • Certain officers and directors of the Corporation have subscribed for an aggregate of 358,583 Units under the Offering for gross proceeds of approximately C$437,471 (US$322,725).
  • The Corporation is providing preliminary financial data in advance of its expected annual reporting on or before March 30, 2024.
  • Preliminary financial data on an unaudited basis as of December 31, 2023 are as follows (all amounts are approximate and stated in U.S. dollars):

POET Technologies Upsizes Non-Brokered Private Placement

Retrieved on: 
Monday, January 22, 2024
Unit, AI, WIRE, Sale, PTK, Indian stock exchange, Offering, POET, TSX Venture Exchange, NEWS, News, NOT, Security (finance)

TORONTO, Jan. 22, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. ("POET" or the "Corporation") (TSXV:PTK, NASDAQ:POET) today announces that, in response to additional interest in its non-brokered private placement previously-announced and described in the Corporation’s news releases of December 11, 2023 and January 16, 2024 (as amended, the "Offering"), the Offering will be upsized. The Offering will now consist of up to 5,100,000 units of the Corporation (the "Units") at a price of C$1.22 (US$0.90) per Unit for aggregate gross proceeds of up to approximately C$6,222,000 million (US$4,590,000 million).

Key Points: 
  • NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
    TORONTO, Jan. 22, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. ("POET" or the "Corporation") (TSXV:PTK, NASDAQ:POET) today announces that, in response to additional interest in its non-brokered private placement previously-announced and described in the Corporation’s news releases of December 11, 2023 and January 16, 2024 (as amended, the "Offering"), the Offering will be upsized.
  • The terms of the Offering are otherwise unchanged from those previously announced.
  • The Offering is subject to regulatory approvals, including final approval of the TSX Venture Exchange.
  • The securities issued pursuant to the Offering will be subject to applicable hold periods, including the typical four month hold period from the date of closing of the Offering.

POET Technologies Provides Update on Non-Brokered Private Placement

Retrieved on: 
Tuesday, January 16, 2024
Administration, AI, WIRE, PTK, Indian stock exchange, Offering, TSX Venture Exchange, NEWS, NOT, Security (finance)

TORONTO, Jan. 16, 2024 (GLOBE NEWSWIRE) --  POET Technologies Inc. ("POET" or the "Corporation") (TSXV: PTK; NASDAQ: POET) is pleased to announce the success of its previously announced non-brokered private placement of up to 4,098,360 units of the Corporation (the "Units") at a price of C$1.22 (US$0.90) per Unit, for aggregate gross proceeds of up to approximately C$5.0 million (US$3.7 million) (the "Offering").

Key Points: 
  • The Corporation has set January 24, 2024 as the closing date for the Offering.
  • For additional information concerning the Offering, refer to the contact information below or contact [email protected].
  • “We appreciate the expression of interest the and participation from shareholders and insiders so far,” said Kevin Barnes, VP Finance and Administration.
  • For additional information concerning the Offering, refer to the contact information below or contact [email protected].