POET Technologies Inc. (TSX.V:PTK) CEO Peter Copetti is charging his cell phone twice a day right now, and he’s working on holidays. Thats because his company, currently working in the same space as Intel Corporation (NASDAQ:INTC) has increased in value by 400% since he took the reins just over a year ago.
POET is a semiconductor design and engineering firm whose Chief Scientist is Dr. Geoff Taylor, a highly respected and recognized Professor of Electrical Engineering and Photonics at the University of Connecticut. He has overseen the development of processes that, in a nutshell, combine to make the powerful semiconductor chips that power everything from computers to cell phones to avionics systems up to ten times faster, with up to 90% greater power efficiencies, while reducing manufacturing costs.
Its as disruptive as new technology can get, and is being looked at under Non-Disclosure Agreement by several mega-cap firms in the space, which is what primarily is likely attributable to the stock’s dramatic rise in the last year.
The company currently has no sales or revenue, and expects to license its development platform to device developers from Samsung to Apple and Google. The proof in the pudding will be the announcement of just such an agreement with a major name in the electronics manufacturing space.
I spoke to CEO Peter Copetti on Friday, April 18, 2014 to get his take on what’s driving the company’s share price lately.
Listen to the Interview Now: