POET Technologies Collaborates with Yuanjie Semiconductor Technology for Laser Supply as the Company’s Optical Engines Enter Volume Production
October 10 2023 - 7:32AM
POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK;
NASDAQ: POET), the designer and developer of the POET Optical
Interposer™ and Photonic Integrated Circuits (PICs) for the data
center, telecommunication and artificial intelligence markets,
today announced that it is collaborating with Yuanjie Semiconductor
Technology Inc. (YST), a leading supplier of high-performance
lasers. The collaboration will enable POET’s joint venture, Super
Photonics Xiamen (SPX), to ramp optical engines to high-volume
production utilizing YST’s lasers.
“As we start ramping production of our optical
engines, securing an additional reliable laser source that is well
established in the industry with known good quality is of utmost
importance to our business,” said Dr. Suresh Venkatesan, Chairman
& CEO of POET. “Our partnership with YST has enabled POET and
SPX to deliver reliable, high-performance optical engines to
customers. SPX will start production of 100G CWDM4, POET ONE (a
100G single chip TxRx engine), 100G LR4 and 200G FR4 optical
engines using YST’s directly modulated lasers (DMLs) this month and
we expect to extend the collaboration to other products in the
future.”
“We are excited to collaborate with POET to
support a growing customer demand for 100G and 200G optical engine
products,” said Peter Zhang, CEO and Chairman of the Board at YST.
“Our superior quality lasers and reputation for reliability will
complement POET’s Optical Interposer technology, which offers a
unique and highly adaptable platform to module makers. We will
continue to collaborate with POET on high-speed optical engines
while supporting SPX to ramp current products to high volume
production.”
POET, SPX and YST will initially collaborate on
100G CWDM4, POET ONE, 100G LR4 and 200G FR4 transmitter products.
All the design verifications and reliability testing of the optical
engines is complete and all will be released to production this
month. Current module customers for these products include ADVA,
Beijing FeiYunYi (BFYY) and Fibertop, along with others whose names
have not yet been disclosed.
About POET Technologies
Inc.POET Technologies is a design and development company
offering 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. POET’s Optical Interposer eliminates costly
components and labor-intensive assembly, alignment, burn-in and
testing methods employed in conventional photonics. The
cost-efficient integration scheme and scalability of the POET
Optical Interposer brings value to any device or system that
integrates electronics and photonics, including some of the highest
growth areas of computing, such as Artificial Intelligence (AI),
the Internet of Things (IoT), autonomous vehicles and high-speed
networking for cloud service providers and data centers. POET is
headquartered in Toronto, with operations in Allentown, PA,
Shenzhen, China and Singapore. More information may be obtained at
www.poet-technologies.com.
About Yuanjie Semiconductor Technology
Inc. Founded on January 28, 2013, YST is a
leading company focused on high speed InP optical chips mass
production with internal InP simulation platform, QW epitaxy and
testing platform. YST can provide InP based 2.5G to 50G
DFB, 10G to 200G EML and 50 to 100mW CW DFB Laser chips for FTTH,
Datacenter and Wireless Fronthaul/backhaul customers.
This news release contains “forward-looking
information” (within the meaning of applicable Canadian securities
laws) and “forward-looking statements” (within the meaning of the
U.S. Private Securities Litigation Reform Act of 1995). Such
statements or information are identified with words such as
“anticipate”, “believe”, “expect”, “plan”, “intend”, “potential”,
“estimate”, “propose”, “project”, “outlook”, “foresee” or similar
words suggesting future outcomes or statements regarding any
potential outcome. Such statements include the Company’s
expectations with respect to market size, the capability,
functionality, performance and cost of the Company’s technology,
the capabilities and expected success of its joint venture, as well
as the timing and inclusion of its technology in customer’s current
and future products.
Such forward-looking information or statements
are based on a number of risks, uncertainties and assumptions which
may cause actual results or other expectations to differ materially
from those anticipated and which may prove to be incorrect.
Assumptions have been made regarding, among other things,
management’s expectations regarding the size of the market for its
products, the capability of its joint venture to produce products
on time and at the expected costs, the performance and availability
of certain components, including lasers, and the success of its
customers in achieving market penetration for its products. Actual
results could differ materially due to a number of factors,
including, without limitation, the attractiveness of the Company’s
product offerings, performance of its technology, the performance
of key components, including lasers, and ability of its customers
to sell their products into the market. For further information
concerning these and other risks and uncertainties, refer to the
Company’s filings on SEDAR+ at www.SEDAR.com and on the website of
the U.S. Securities and Exchange Commission at www.sec.gov.
Although the Company believes that the expectations reflected in
the forward-looking information or statements are reasonable,
prospective investors in the Company’s securities should not place
undue reliance on forward-looking statements because the Company
can provide no assurance that such expectations will prove to be
correct. Forward-looking information and statements contained in
this news release are as of the date of this news release and the
Company assumes no obligation to update or revise this
forward-looking information and statements except as required by
applicable securities laws.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.120
Eglinton Avenue, East, Suite 1107, Toronto, ON, M4P 1E2- Tel:
416-368-9411 - Fax: 416-322-5075
Media Relations Contact:
Adrian Brijbassi
adrian.brijbassi@poet-technologies.com
Company Contact:
Thomas R. Mika, EVP & CFO
tm@poet-technologies.com
POET Technologies (TSXV:PTK)
Historical Stock Chart
From Aug 2024 to Sep 2024
POET Technologies (TSXV:PTK)
Historical Stock Chart
From Sep 2023 to Sep 2024