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POET Technologies Reports Third Quarter 2022 Financial Results
TORONTO, Nov. 14, 2022 (GLOBE NEWSWIRE) -- POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK; NASDAQ: POET), the designer and developer of
About this update from Poet Technologies Inc.
[{"type":"text","content":"TORONTO, Nov. 14, 2022 (GLOBE NEWSWIRE) -- POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer™, Photonic Integrated Circuits (PICs) and light sources for the data center, tele-communication and artificial intelligence markets, today reported its unaudited condensed consolidated financial results for the third quarter ended September 30, 2022. The Company’s financial results as well as the Management Discussion and Analysis have been filed on SEDAR. All financial figures are in United States dollars (“USD”) unless otherwise indicated. Recent Business Highlights: The Company made significant progress during the three months ended September 30, 2022: Collaborated with Lumentum Holdings Inc. (“Lumentum”), a market-leading designer and manufacturer of innovative optical and photonic products, which led to the recent signing of an agreement to supply its breakthrough 100G directly modulated lasers (DMLs) for POET’s 400G FR4 transmit optical engine chiplets for applications in 400/800/1.6T data communications solutions. This represents the industry’s first implementation of flip chip high-speed DMLs into optical engines at these data rates, resulting in unparalleled integration and easily meeting the form factor requirements of today’s transceiver modules.Announced the sampling of its 200G FR4 transmit (Tx) and receive (Rx) optical engines, both based on the POET Optical Interposer platform, and incorporating the industry’s only monolithically integrated multiplexers and demutiplexers in its proprietary waveguide structures, avoiding the need for a separate demultiplexer component, while providing superior transceiver performance and efficient use of installed fiber assets in data centers. Conducted a well-attended virtual Annual and Special Meeting of shareholders, which resulted in all proposed measures being passed by shareholders and the election of Theresa Lan Ende and Dr. Michal Lipson to the POET Board of Directors by an overwhelming approval of shareholders. The industry-leading 400G Tx chiplet achieves maximum integration and minimum size compared to any competing Tx device. The 400G Tx chiplet integrates laser drivers, high-speed DMLs, monitor photodiodes and an optical multiplexer into a highly power-efficient 4.4mm x 10.5mm form factor...