Amazing Summary and Highlights from Poet's March 31, 2023 NR TORONTO, March 31, 2023 (GLOBE NEWSWIRE) -- POET Technologies Inc. ...
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"Fourth Quarter and Recent Business Highlights
The Company achieved the following during the three months ended December 31, 2022 and more recently:
- Successfully completed a non-brokered private placement of an aggregate 1,126,635 units of the Corporation at a price of C$3.81 (US$2.78) per unit for aggregate gross proceeds of C$4,292,479 (US$3,184,332).
My opinion: That shows that Poet can continue to raise funds as it needs to advance itself as investors seem to believe in each stage of Poet's plan.
- Released to production four optical engine products, further advancing the Company’s commercialization goals. The products included transmit and receive optical engines for 100G CWDM4 as well as receive optical engines for 200G FR4 and 400G FR4.
My opinion: This was telegraphed from the roadmap years ago, and despite minor setbacks to some timelines during Covid, the "low-hanging-fruit" part of Poet's roadmap is advancing as planned and probably even more now.
- Developed multi-engine 100G CWDM4 and 100G LR4 chip-on-board solutions for its lead customer, ADVA Optical Networking SE. ADVA will use POET’s multi-engine transmit and receive chips in an innovative pluggable solution that packs the functionality of four independent 100Gbit/s interfaces into a single QSFP-DD housing that is scalable to high volume as well as higher data rates.
My opinion: The key point here is that this further advancement by developing a multi-engine for Poet's customer, ADVA, is scalable to high volume and higher data rates. It would seem to me that promotes a possible multi-generational platform of products to be designed-in with ADVA. That bodes well for Poet providing steady streams of ever-growing sales as the current solution with ADVA begins to take hold in the marketplace.
- Began sampling 400G FR4 and 800G 2xFR4 receive optical engines in partnership with Luxshare Technology Co., Ltd., a global technology provider for data-communication facilities and enterprise-level products, to enable the sale of power-efficient and cost-optimized 400G and 800G transceiver solutions.
My opinion: 400G and 800G transceiver solutions addresses the ever-growing demands for data traffic in data centers and enterprise-level products for global reach companies.
- Amended the terms of 1,764,720 common share purchase warrants with an expiry date of February 11, 2023 and an exercise price of C$11.50 to expire on May 11, 2023 at an exercise price of C$4.25. The Company had received US$5,475,102 from the exercise of 1,758,716 of these warrants by March 10, 2023.
- Demonstrated 800G optical engines and light source products at the 2023 OFC Conference and Exhibition, where the Company also hosted numerous meetings with potential customers, partners and media. Additionally, the Company introduced and showcased a live demonstration of “POET Infinity™”, a new chiplet-based transmitter platform for 400G, 800G and 1.6T pluggable transceivers and co-packaged optics solutions.
My opinion: This solution by Poet opens up many avenues of future growth and addresses generational scalability of products. This makes it attractive for any of Poet;s current or potential customers to move forward with their in-house investments knowing that this solution offers a clear path for years down the road with an immediate step-change in how their technology is delivered now. That to me is disruptive and highly beneficial to all parties.
- Entered into an agreement with Beijing FeiYunYi Technology Ltd. (“BFYY”) to design optical engines for deployment of optical modules in the telecom market globally, beginning in China. The agreement, valued at up to $1 million over a two-year period, includes NRE for POET and an initial purchase order for 10,000 units that will be used to sample customers. BFYY has forecasted optical engine purchases from POET’s joint venture company, Super Photonics Xiamen (“SPX”), at over $30 million over a three-year period.
My opinion: China is a mass scale opportunity in the 100G-200G sector. With 100G so widely adopted and in-demand in China, this offers great opportunities for the JV.
- Announced a collaboration with Vanguard Automation GmbH, the developer of 3D-nanoprinted Photonic Wire Bond and Micro-Lens technology and manufacturer of software-defined equipment for photonic integration and packaging, to enable the integration of Micro-Lenses on the POET Optical Interposer platform to maximize coupling efficiency while maintaining POET’s wafer-level passive assembly process.
My opinion: This continues to verify the quality of components within Poet's Interposer as being "best of breed" as presented by Dr. Suresh Vantekesan.
- Several current and former directors holding warrants that expire on April 3, 2023 have exercised their warrants."
My opinion: Why would several current and former directors holding warrants bother to exercise their warrants? Does that send a message to the market that they strongly believe in Poet;s near-future success?
gilver