POET Engaged by Global Financial Services Leader to Develop Custom Optical Engine

Core Insights - POET Technologies Inc. has signed an agreement to develop a novel optical engine for high-frequency trading operations for a global capital markets firm, marking its entry into a new market space [1][3] - The project aims to enhance speed and reduce latency in current transceiver solutions used in securities trading, with the first phase involving the design of prototypes [2][3] Company Overview - POET Technologies specializes in high-speed optical modules, optical engines, and light source products for artificial intelligence systems and hyperscale data centers [3] - The company's technology, based on the patented POET Optical Interposer™, integrates electronic and photonic devices into a single chip, offering lower costs, reduced power consumption, and scalability [3] - POET's products support high-speed optical engines (800G, 1.6T and above) and address bandwidth and latency challenges in AI systems, 5G networks, and autonomous vehicle applications [3] Project Details - The multi-phase project will start with designing prototypes of POET Optical Interposer-based transceiver engines tailored to the customer's specifications, followed by additional prototypes and potential production [2] - The project is expected to generate revenue for POET within the current year, showcasing the versatility of its technology [3]