POET Technologies Ord Shs V.PTK

Alternate Symbol(s): POET

Technology Semiconductors

POET Technologies Inc. is a design and development company. It offers high-speed optical engines, light source products and custom optical modules to the artificial intelligence (AI) systems market and to hyperscale data centers. Its photonic integration solutions are based on the POET Optical Interposer, a novel, patented platform that allows the integration of electronic and photonic devices into a single chip using wafer-level semiconductor manufacturing techniques. Its Optical Interposer-based products consume less power than comparable products, are smaller in size and are readily scalable to high production volumes. In addition, it has designed and produced novel light source products for chip-to-chip data communication within and between AI servers, the next frontier for solving bandwidth and latency problems in AI systems. Its Optical Interposer platform solves device integration challenges across a range of communication, computing and sensing applications.

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POET Technologies Ord Shs > Looks like PTK is asking for $300k USD

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Comment by lscfaon Jul 05, 2021 11:32am

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Post# 33492793

RE:Looks like PTK is asking for $300k USD

2 year shelf prospectus for growth capital.

At an estimated yearly burn rate of US$12.5M– US$14.5M, the Corporation's cash balance as of April 30, 2021 of US$21.9M is sufficient to fund the Corporation's cash requirements for approximately 18-21 months without raising additional capital. In addition to available cash on hand, the Corporation has reasonable expectations of additional cash proceeds of US$6.9M from the exercises of in-the-money warrants which are expiring on November 2, 2021.