POET Technologies Inc. designs, develops, manufactures, and sells discrete and integrated opto-electronic solutions in Canada, the United States, and Singapore. It offers integration solutions based on the POET Optical Interposer, a novel platform that allows the seamless integration of electronic and photonic devices into a single multi-chip module using advanced wafer-level semiconductor manufacturing techniques and packaging methods. It also develops photonic integrated components. The company serves the data center, telecommunications, Internet of things and industrial sensing, automotive LIDAR, optical coherence tomography for medical devices, virtual reality systems markets. The company was formerly known as Opel Technologies Inc. and changed its name to POET Technologies Inc. in June 2013. POET Technologies Inc. was incorporated in 1972 and is headquartered in Toronto, Canada.
IPO Year:
Exchange: NASDAQ
Website: https://www.poet-technologies.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/25/2022 | $11.00 | Buy | Craig Hallum |
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TORONTO, June 25, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. ("POET" or the "Company") (TSXV: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 the voting results of its Annual General and Special Meeting (the "Meeting" or "AGSM"), which was held virtually on Friday, June 21, 2024. The Company's VP Finance and Administration, Kevin Barnes, delivered customary introductions and the call to order, and POET's Chairman of the Compensation Committee, Glen Riley, conducted the formal business of the Meeting, which incl
TORONTO, June 21, 2022 (GLOBE NEWSWIRE) -- POET Technologies Inc. ("POET" or the "Company") (TSXV:PTK, NASDAQ:POET), the designer and developer of the POET Optical Interposer™ and Photonic Integrated Circuits (PICs) for the data center and tele-communication markets, today announced that it has appointed Michal Lipson, a pioneer and thought leader in silicon photonics as well as a highly-published researcher in physics, as an advisor to the Company's Board of Directors. The Company also plans to nominate Lipson as a director at its upcoming Annual General Meeting currently scheduled for October 6, 2022. "We are honored to have Michal Lipson serve as an advisor to our Board in advance of
TORONTO, June 07, 2022 (GLOBE NEWSWIRE) -- POET Technologies Inc. ("POET" or the "Company") (TSXV:PTK, NASDAQ:POET), the designer and developer of the POET Optical Interposer™ and Photonic Integrated Circuits (PICs) for the data center and tele-communication markets, today announced that it has appointed Theresa Lan Ende, currently Chief Procurement Director of Arista Networks, as an advisor to the Company's Board of Directors. The Company also announced that it intends to nominate Theresa Lan Ende as a director at its Annual General Meeting currently scheduled for October 6, 2022. "We are thrilled that Theresa Lan Ende has agreed to become an advisor to our Board prior to her nominatio
TORONTO, Oct. 16, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. ("POET" or the "Company") (TSXV: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, has been named the winner of the "Best in Artificial Intelligence" category at the prestigious 2024 Global Tech Awards, announced on October 14. The honor is the third top prize the Company has received in 2024, following recognition by the AI Breakthrough Awards for "Best Optical AI Solution" and the Gold Prize for "AI Innovator of the Year" from the Merit Awards. POET Technologies w
TORONTO, Oct. 01, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. ("POET" or the "Company") (TSXV: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, was recognized today as the "AI Innovator of the Year" in the Technology category of the prestigious 2024 Merit Awards. The Gold Prize adds to the Company's recent accolades, which include recognition by the 2024 AI Breakthrough Awards honor for "Best Optical AI Solution". "We are thrilled to honor POET Technologies as the AI Innovator of the Year. Their groundbreaking advance
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, Sept. 25, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. ("POET" or the "Corporation") (TSXV: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, is pleased to announce that it has completed a non-brokered private placement with a single institutional investor pursuant to which the Corporation issued 4,000,000 common shares (the "Common Shares") and an accompanying warrant exercisable for an aggregate of up to 2,000,000 Common Shares (ea
TORONTO, Sept. 19, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. ("POET" or the "Company") (TSXV: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 AI markets, today announced it has entered into a collaboration with Mitsubishi Electric Corporation ("Mitsubishi Electric") to co-develop integrated optical engine chipsets for 3.2T pluggable transceivers, a highly sought-after product for optical connectivity in the rapidly growing artificial intelligence networking market. POET and Mitsubishi Electric will jointly support product demonstrations with major customers.
TORONTO and SHENZHEN, CHINA, Sept. 11, 2024 (GLOBE NEWSWIRE) -- Chengdu InSiGa Semiconductor Technologies Co., Ltd. ("InSiGa") and POET Technologies Inc. ("POET") (TSXV:PTK, NASDAQ:POET), today announced that they have developed and will showcase in a live demonstration the combination of POET's 200Gx4 transmit optical engine using InSiGa's 200G/lane EML driver ISG-D9616 for 800G and 1.6T modules at the 2024 China International Optoelectronic Expo (CIOE) from September 11-13 at POET booth 11B59. AI and big data have led to significant increase in bandwidth in recent times and this higher bandwidth requirement can be supported by next generation 800G/1.6T optical modules. 200Gbs/lane requi
TORONTO and SHENZHEN, China, Sept. 10, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. ("POET" or the "Company") (TSXV: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 AI markets, today announced that Mentech Technology ("Mentech") has selected POET's transmit and receive optical engines for use in the development of 800G pluggable transceiver and has placed purchase orders for those engines. The sample orders by Mentech are for initial builds and engineering development. "Our end users expect us to deliver great performing products that allow them to reach the
TORONTO and SHENZHEN, China, Sept. 05, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. ("POET" or the "Company") (TSXV: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 AI markets, today announced that it will be showcasing live demonstrations of its leading-edge optical products at the 2024 China International Optoelectronic Expo (CIOE) from September 11-13. POET is scheduled to feature products designed for the rapidly accelerating AI systems and hyperscale data center markets. They include: 800G 2xFR4 OSFP module reference design with POET's newly rele
TORONTO, Aug. 29, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. ("POET" or the "Company") (TSXV: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 announced a reorganization of its engineering team to streamline design, component engineering and New Product Introduction (NPI) activities globally, in response to active customer demand for 800G and higher products directed at the AI systems and hyperscale data center markets. While the major AI network and systems companies are located in North America and China, almost all mo
TORONTO, Aug. 14, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. ("POET" or the "Company") (TSXV: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 as at and for the three months ended June 30, 2024. The Company's financial results as well as the Management's Discussion and Analysis have been filed on SEDAR. All financial figures are in United States dollars ("USD") unless otherwise indicated. Second Quarter and Recent Business Highlights: The Company a
TORONTO, Aug. 01, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. ("POET" or the "Company") (TSXV: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 AI markets, today announced that it has expanded its partnership with Luxshare Technology Co. Ltd. ("Luxshare Tech") to provide more optical module products targeted at AI network equipment and AI service providers. Luxshare Tech is a global leader in providing technology for data-communication facilities and enterprise-level products for some of the largest companies in the world. Luxshare Tech and POET agreed to
Craig Hallum initiated coverage of POET Technologies with a rating of Buy and set a new price target of $11.00
TORONTO, April 26, 2022 (GLOBE NEWSWIRE) -- POET Technologies Inc. ("POET" or the "Company") (TSXV:PTK, NASDAQ:POET), the designer and developer of the POET Optical Interposer™ and Photonic Integrated Circuits (PICs) for the data center and tele-communication markets, today reported its audited condensed consolidated financial results for the fourth quarter and full year ended December 31, 2021. The Company's financial results as well as the Management's Discussion and Analysis have been filed on SEDAR and EDGAR. All financial figures are in United States dollars ("USD") unless otherwise indicated. Fourth Quarter Financial (non-IFRS) and Recent Business Highlights: The Company continued
TORONTO, April 21, 2022 (GLOBE NEWSWIRE) -- POET Technologies Inc. ("POET" or the "Company") (TSXV:PTK, NASDAQ:POET), the designer and developer of the POET Optical Interposer™ and Photonic Integrated Circuits (PICs) for the data center and tele-communication markets, today announced the Company will distribute its audited consolidated financial results for the fourth quarter and full year ended December 31, 2021 after the close of market on Tuesday, April 26, 2022. Additionally, the Company will host a business update conference call on Wednesday, April 27th at 8:00 a.m. Pacific Time (11:00 a.m. Eastern Time). The conference call will be led by POET's Chairman & CEO, Dr. Suresh Venkatesa
POET Technologies Inc. (NASDAQ:POET) shares are trading higher Monday. The company announced Friday that it has been selected as winner of the “Best Optical AI Solution” award in the seventh annual AI Breakthrough Awards program. The Details: Poet's microchip solution, the POET Optical Interposer, enables optical communication using a silicon-based hybrid integration platform. The optical interposer combines electrical and optical layers in a single chip for highly integrated transceivers and enables the replacement of copper with light-based optical data communication between chips in high-speed computing. Read Next: EV-Maker Nikola’s Stock Hits New All-Time Low: What’s Going On?
POET Technologies (NASDAQ:POET) reported quarterly losses of $(0.12) per share which missed the analyst consensus estimate of $(0.10) by 20 percent. This is a 14.29 percent increase over losses of $(0.14) per share from the same period last year. The company reported quarterly sales of $8.71 thousand which missed the analyst consensus estimate of $800.00 thousand by 98.91 percent. This is a 95.18 percent decrease over sales of $180.84 thousand the same period last year.
POET Technologies Inc. (NASDAQ:POET) revealed that interconnect solutions provider Foxconn Interconnect Technology has chosen its silicon photonics integrated circuits (Silicon PIC) for the 800G and 1.6T optical transceiver modules. POET has partnered with FIT to create 800G and 1.6T pluggable optical transceiver modules using its silicon photonics optical engines, targeting advanced AI and high-speed data center networks. Under this collaboration, POET will supply its optical engines based on its patented Optical Interposer technology, while FIT will design and provide high-speed optical transceivers to global customers. The market for 800G and 1.6T optical transceivers is project
POET Technologies Inc. ("POET" or the "Company") (TSXV: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 AI markets, has added an additional CAD$10 million private placement (the "PP Offering") to the LIFE Offering that it announced earlier in the day.POET is undertaking a non-brokered private placement of 3,448,275 units (the "Units") of the Company at a price of CAD$2.90 per Unit (the "Offering Price"), representing a discount of 15% from the closing price of the Company's common shares on the TSX Venture Exchange on Friday, April 26, 2024, for gross proceeds of CA
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