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  • Still Better Despite Recent Move Up? Poet Technologies Inc (POETF)

    Still Better Despite Recent Move Up? Poet Technologies Inc (POETF)

    Poet Technologies Inc (OTC-POETF) stock tanked emphatically as it recorded a rise of 25.85% to $1.0000 at the previous close. The stock performance over the last week was 23.46% versus its monthly performance of 12.36%.

    Company’s Profile

    Poet Technologies is a design and development company offering integration solutions utilizing the POET Optical Interpose, a novel platform for the seamless integration of semiconductor manufacturing techniques and packaging methods to allow the integration of electronic and photonic devices into multi-chip modules. 

    What happened Recently

    Oct. 05, 2021 – POET Technologies Inc. (OTCQX: POETF), revealed a deal with a leading network systems company for a unique multi-engine design for 100G CWDM4 and 100G LR4 Optical Engines based on the POET Optical Interposer. The NRE and purchase order for initial units exceeds US$1.2 million.

    “POETF has been working with this customer on a breakthrough design to integrate multiple optical engines into a single industry-standard transceiver module for several months,” noted Vivek Rajgarhia, President & General Manager of POET Technologies Inc. “LR4 is directed at the client-side of global telecommunications networks, using strict standards for data communication between transport networks and data centers. Having already sold into the well-established telecom equipment market, our clients will now be able to offer its customers a superior solution at a price that no one currently is able to match.”

     

    As of September 2020, LightCounting noted an increase in demand for 100G LR4 transceivers with a 10km reach, reversing its previous revenue forecast of a flat $300 million to one of more than $700 million over the period 2020 – 2025.

    As evidenced by the commitment from a Tier 1 customer and the numerous other engagements with other clients, POETF platform solution can benefit multiple product designs, and the Optical Interposer’s hybrid integration approach is building a market.

    Also, POETF reported that it had approximately $20 million in unaudited cash on September 30, 2021. Furthermore, the company provided information showing that nearly all the C$0.52 warrants due to expire on November 2, 2021, were exercised during their 5-year lifetime. Around 11 million warrants, valued at USD 4.5 million, are outstanding and not yet redeemed.

    POET Annual General and Special Meeting

    The annual general meeting and special meeting of POETF will take place remotely via the Lumi NA online platform at 1:00 PM EDT on Thursday, October 7, 2021. The meeting is open to all shareholders of POET Technologies.

     

     

  • POETF Stock Rose Nearly 14%. How Did That Happen?

    Yesterday, POET Technologies Inc (OTCQX: POETF) reached a price of $1.1525, up 13.75%. A total of 2.30M shares of POET Technologies stock were traded versus its average weekly volume of 881.40K. POET Technologies’ share price rose, despite no current news, which makes it easier to examine recent developments in greater depth.

    What has been happening at POETF lately?

    The POET Optical Interposer is a new platform developed by POET Technologies that offers integration solutions. By combining advanced semiconductor manufacturing techniques and packaging methods with electronic and photonic devices, POETF is able to seamlessly integrate both into a single multi-chip module. By replacing costly components with POETF’s Interposer, conventional photonics eliminates labor-intensive assembly, alignment, burn-in, testing, and maintenance procedures. Any device or system that integrates electronics and photonics can benefit from the cost-efficient integration scheme and scalability of the POETF Optical Interposer.

    The O-band LightBar product from POET Technologies will be available for samples beginning in September, announced the company earlier this month.

    • In applications requiring remote and aligned light sources, the POET LightBar products enable co-packaging of electronics and photonics.
    • Among other applications, POETF’s products are used for data center switches, optical computing, and various sensing devices.
    • Using a POETF LightBar remote light source in data processing will allow for more effective control of laser heat.
    • Lasers, which are more likely to fail than other components, can also be replaced on-site with remote light sources.
    • The LightBar of the POETF operates as a key element of sensing and computing in which both photonic and electronic elements interact in a miniature, self-contained system.
    • In addition to adopting all of the intrinsic features of POETF’s products, LightBar products incorporate integrated spot-size converters that reduce coupling losses and boost laser efficiency.
    • A virtual exhibition held at the Optical Fiber Communication (OFC) Conference earlier this month featured live demonstrations of POETF products.

    POET Technologies also announced that samples of its 100G and 200G CWDM4 Optical Engines would be available early in July. The POETF’s Optical Engines are embedded with four flip-chipped 28G PAM4 CWDM DFB (distributed feedback) lasers, as well as 28G detectors, monitor photodiodes, and bonding pads.

    POETF’s other plans:

    With the QSFP28 module, POETF Optical Engines are compatible with the MSA (Multi-Source Agreement) standards for transmitting only, receiving only or transmitting and receiving in a single compact chip less than 60mm square. Eventually, POETF will also offer 400G transmission and reception optical engines in DR4 and FR4. September will see the availability of samples of the receive optical engine by POETF.