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POET Technologies Announces Closing of US$75 Million Investment to Accelerate Growth in AI Connectivity Solutions
Globenewswire· 2025-10-07 13:23
Core Insights - POET Technologies Inc. has completed a non-brokered financing with a single institutional investor, raising gross proceeds of US$75,000,002 through the issuance of 13,636,364 common shares and one common share purchase warrant [1][2] - This financing marks the largest single investment in POET's history, which will be utilized for corporate development, including acquisitions, R&D scaling, and operational expansion [2][3] Investment Details - The combined price for one common share and the warrant was US$5.50, with the warrant allowing the purchase of up to 13,636,364 common shares at a per share exercise price of C$9.78, exercisable until October 7, 2030 [4] - The investment was executed without any commissions or finder's fees, adhering to OSC Rule 72-503 for distributions outside Canada [4] Company Strategy and Market Position - The company is well-positioned to capitalize on the growth of AI infrastructure, with over $150 million in cash and no significant debt, enabling it to pursue growth in advanced AI hardware solutions [3] - POET aims to secure its technological lead and revenue opportunities in light sources for chip-to-chip connectivity and ultra high-speed transceivers through targeted acquisitions and investments [3][6] Company Overview - POET Technologies specializes in high-speed optical engines, light source products, and custom optical modules for the AI systems market and hyperscale data centers, utilizing its patented POET Optical Interposer™ technology [6] - The company's products are designed to be lower cost, consume less power, and are scalable to high production volumes, addressing bandwidth and latency challenges in AI systems [6]
POET Technologies Wins ‘Most Innovative’ Award at ECOC 2025
Globenewswire· 2025-09-30 13:00
Core Points - POET Technologies Inc. has been awarded the "Most Innovative Chip-scale Packaging/Optical Sub Assembly Product" at the ECOC Awards, highlighting its leadership in optical engines and light sources for AI networks [1][2] - This award marks the seventh recognition for POET in the past 15 months, reflecting its strong position in meeting the increasing demand for compute power from AI developers and datacom hyperscalers [2][3] - The POET Optical Interposer™ technology, which integrates electronic and photonic devices into a single chip, was specifically recognized for its innovative applications, including 200G/lane optical engines [3][5] Company Overview - POET Technologies specializes in high-speed optical modules, optical engines, and light source products aimed at the AI systems market and hyperscale data centers [5] - The company is headquartered in Toronto, Canada, with operations in Shenzhen, China, Singapore, and Malaysia, focusing on advanced wafer-level semiconductor manufacturing techniques [5] - POET's product offerings include optical engines with speeds of 800G, 1.6T, and above, designed for AI clusters and hyperscale data centers [5]
POET Technologies and Semtech Launch 1.6T Optical Receivers for AI Networks
Globenewswire· 2025-09-30 12:00
Core Insights - POET Technologies and Semtech Corporation have announced the immediate availability of high-performance 1.6T Receiver Optical Engines for AI and cloud networks, leveraging POET's Optical Interposer platform and Semtech's FiberEdge technology [1][2][3] Group 1: Product Development - The new optical engine products integrate Semtech's 200G-per-lane receiver technologies with POET's Optical Interposer, resulting in chip-scale receive engines that enhance performance and simplify module assembly [2][3] - The optical engines include DR8 for short-reach AI cluster links and 2×FR4 for longer-reach intra-datacenter connectivity, both available for customer sampling [2][4] Group 2: Market Impact - The collaboration is expected to significantly impact the transceiver offerings of customers, enhancing their ability to meet the demanding requirements of AI and cloud networks [3] - The integration of technologies aims to address signal integrity challenges while delivering exceptional sensitivity and power in the new receiver engines [3][7] Group 3: Company Background - POET Technologies specializes in high-speed optical modules and light source products for AI systems and hyperscale data centers, utilizing its patented Optical Interposer platform for seamless integration of electronic and photonic devices [5] - Semtech Corporation is recognized for its high-performance semiconductor solutions, focusing on IoT systems and cloud connectivity, and is committed to enabling smarter and more connected technologies [8]
POET Technologies to Present at ECOC 2025
Globenewswire· 2025-09-23 12:00
Core Insights - POET Technologies Inc. has received an initial purchase order exceeding US$500,000 for optical engines from a key customer, marking a significant step towards volume production [2][3] - The company will showcase its technology at the 2025 ECOC Exhibition in Copenhagen, where it is nominated for an award for its innovative optical integration platform [1][2] - Production of the ordered optical engines is expected to begin shipping in early 2026, with plans for increased production volumes throughout the year [3] Company Overview - POET Technologies specializes in high-speed optical modules and engines for artificial intelligence systems and hyperscale data centers, utilizing its patented POET Optical Interposer™ technology [4] - The company is headquartered in Toronto, Canada, with operations in Shenzhen, China, Singapore, and Malaysia, focusing on advanced semiconductor manufacturing techniques [4] Upcoming Events - The company will participate in three industry events during the ECOC Exhibition, featuring discussions on co-packaged optics and product presentations related to its optical engines [6]
POET Technologies to Showcase Breakthrough Light Source and 1.6T Optical Engines for AI and Cloud Markets at CIOE 2025
Globenewswire· 2025-09-04 12:00
Core Viewpoint - POET Technologies Inc. is showcasing its latest optical products at the 2025 China International Optoelectronic Expo (CIOE), emphasizing its innovations in optical engines and light sources for AI networks [1][2][4]. Group 1: Product Demonstrations - At CIOE 2025, POET will present two breakthrough demonstrations aimed at AI scale-up networks and hyperscale data centers [2]. - The company will feature its Optical Interposer™ technology, which is designed to meet the increasing demands for AI and cloud-scale connectivity [2][4]. Group 2: Executive Participation - Dr. Mo Jinyu, Senior Vice President of Global Product Development, will speak at the International Forum on Optical Communications (IFOC 2025), discussing the advanced capabilities of POET's technology [2]. - The senior executive team will engage in numerous meetings with customers and partners during the expo, indicating strong global interest in POET's offerings [3]. Group 3: Market Context - CIOE is recognized as the largest optoelectronics conference globally, expecting over 120,000 attendees from more than 30 countries, which highlights the significance of POET's participation [4]. - The company aims to provide cost-effective, high-bandwidth solutions that can scale with the demands of AI systems and networks [4]. Group 4: Company Overview - POET Technologies specializes in high-speed optical modules, optical engines, and light source products tailored for AI systems and hyperscale data centers [6]. - The POET Optical Interposer™ platform allows for the integration of electronic and photonic devices into a single chip, offering advantages in cost, power consumption, and scalability [6]. - The company has developed high-speed optical engines and modules for AI clusters, addressing bandwidth and latency challenges in AI systems [6][7].
POET Technologies to Proceed with Voluntary Delisting from TSXV
Globenewswire· 2025-08-25 12:30
Core Viewpoint - POET Technologies Inc. will proceed with the voluntary delisting of its common shares from the TSX Venture Exchange, while maintaining its listing on the Nasdaq Capital Market under the symbol "POET" [1][2][3] Group 1: Delisting Details - The delisting from the TSX Venture Exchange is expected to be effective as of the close of trading on or about August 27, 2025 [2] - The company has received the necessary approval for the delisting and believes this will centralize trading on Nasdaq, improving long-term liquidity and enhancing shareholder value [2][3] Group 2: Trading and Accessibility - Following the delisting, shareholders can trade their shares through brokers on Nasdaq, ensuring continued accessibility [4] - Shareholders with POET shares in Canadian brokerage accounts are advised to contact their brokers for trading instructions on Nasdaq [4] Group 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 [5] - The company's products utilize the POET Optical Interposer™, which integrates electronic and photonic devices into a single chip, offering lower costs, reduced power consumption, and scalability [5] - POET's solutions address challenges in 5G networks, machine-to-machine communication, edge computing, and sensing applications like LIDAR for autonomous vehicles [5]
POET Technologies Reports Second Quarter 2025 Financial Results
Globenewswire· 2025-08-11 21:00
Core Viewpoint - POET Technologies Inc. reported significant advancements in its operations and financial results for Q2 2025, highlighting progress in manufacturing capabilities and customer engagements, alongside a notable increase in revenue from non-recurring engineering services [1][3][5]. Financial Performance - The company reported non-recurring engineering and product revenue of $268,469 in Q2 2025, compared to nil in Q2 2024 and $166,760 in Q1 2025 [5]. - A net loss of $17.3 million, or $0.21 per share, was recorded in Q2 2025, an increase from a net loss of $8.0 million, or $0.14 per share, in Q2 2024, and a net income of $6.3 million, or $0.08 per share, in Q1 2025 [6]. - The largest component of the loss was a non-cash loss of $7.5 million related to the fair value adjustment of derivative warrant liability [7]. - Cash flow from operating activities was ($7.7) million in Q2 2025, compared to ($4.5) million in Q2 2024 and ($8.9) million in Q1 2025 [10]. Business Developments - The company has engaged with NationGate Solutions in Malaysia to expand manufacturing capabilities for light source products [2]. - A new customer, Lessengers from Korea, has committed to developing a module using POET's 800G optical engines [3]. - The company successfully completed a $30 million private placement, marking the largest single financing in its history [3]. - POET was awarded the "AI Hardware Innovation Award" at the 8th annual AI Breakthrough Awards, marking the sixth notable award in the past year [8]. Operational Highlights - All equipment for volume production of optical engines at Globetronics is now installed and operational [2]. - The company reported fluctuations in research and development costs, with $3.2 million in Q2 2025 compared to $2.1 million in Q2 2024 and $4.4 million in Q1 2025 [6]. - Non-cash expenses included stock-based compensation of $1.2 million and depreciation and amortization of $0.8 million in Q2 2025 [8]. Summary of Financial Performance - A summary of operations over the five quarters ending June 30, 2025, shows a consistent increase in revenue and variations in net loss, with Q2 2025 reflecting a significant loss compared to previous quarters [11][13].
POET Technologies Reports Second Quarter 2025 Financial Results
GlobeNewswire News Room· 2025-08-11 21:00
Core Viewpoint - POET Technologies Inc. has made significant progress in preparing for volume production of optical engines and expanding manufacturing capabilities, while also achieving notable financial milestones in the second quarter of 2025 [2][3]. Financial Performance - The company reported non-recurring engineering (NRE) and product revenue of $268,469 in Q2 2025, a substantial increase from nil in Q2 2024 and $166,760 in Q1 2025 [5]. - A net loss of $17.3 million, or $0.21 per share, was recorded in Q2 2025, compared to a net loss of $8.0 million, or $0.14 per share, in Q2 2024, and a net income of $6.3 million, or $0.08 per share, in Q1 2025 [6]. - The largest component of the loss was a non-cash loss of $7.5 million related to the fair value adjustment of derivative warrant liability in Q2 2025, compared to a loss of $1.4 million in Q2 2024 [7]. - Cash flow from operating activities was ($7.7) million in Q2 2025, worsening from ($4.5) million in Q2 2024 [10]. Business Developments - The company has engaged with NationGate Solutions in Malaysia to enhance manufacturing capabilities for light source products [2]. - A new customer, Lessengers from Korea, has committed to developing a module using POET's 800G optical engines [3]. - POET successfully completed a $30 million private placement, marking the largest single financing in its history [3]. - The company was awarded the "AI Hardware Innovation Award" at the 8th annual AI Breakthrough Awards, adding to its recognition in the industry [8]. Summary of Financial Operations - A summary of operations over the five quarters ending June 30, 2025, shows a consistent increase in revenue and fluctuations in research and development costs, reflecting the company's transition from technology to product development [11][12].
POET Technologies Completes Previously Announced US$25M Non-brokered Public Offering
Globenewswire· 2025-07-17 16:02
Core Viewpoint - POET Technologies Inc. has successfully completed a non-brokered public offering of 5,000,000 units at a price of US$5.00 per unit, raising a total of US$25,000,000 for working capital and general corporate purposes [1][2]. Group 1: Offering Details - The offering consists of units, each comprising one common share and one common share purchase warrant, with the warrant exercisable at C$8.16 for five years [1]. - The offering was fully subscribed by accredited institutional investors and was completed under a prospectus supplement filed with Canadian and U.S. regulatory authorities [3]. Group 2: Company Overview - POET Technologies specializes in high-speed optical engines and light source products for artificial intelligence systems and hyperscale data centers, utilizing its patented POET Optical Interposer™ technology [5]. - The company's products are designed to be lower cost, consume less power, and are scalable for high production volumes, addressing bandwidth and latency challenges in AI systems [5].
POET Technologies Announces US$25 Million Offering
Globenewswire· 2025-07-07 12:15
Core Viewpoint - POET Technologies Inc. plans to conduct a non-brokered public offering of 5,000,000 units at a price of US$5.00 per unit, aiming for total gross proceeds of US$25 million, to be used for working capital and general corporate purposes [1][2]. Offering Details - Each unit consists of one common share and one common share purchase warrant, with the warrant exercisable at C$8.16 for five years [1]. - The issue price reflects a discount of approximately 12.0% from the closing price on July 4, 2025 [2]. - The offering will be made via a prospectus supplement to the existing short form base shelf prospectus, and is expected to be fully subscribed by a single accredited institutional investor in Canada [3]. Regulatory and Closing Conditions - The offering is subject to regulatory approvals, including from the TSX Venture Exchange, and other customary closing conditions [4]. - No commissions or finder's fees will be paid in connection with the offering [4]. Company Background - POET Technologies specializes in high-speed optical engines and light source products for artificial intelligence systems and hyperscale data centers, utilizing its patented POET Optical Interposer™ technology [6]. - The company's products are designed to be lower cost, consume less power, and are scalable for high production volumes, addressing bandwidth and latency issues in AI systems [6].