EXHIBIT 99.1
POET Technologies Ships First Optical Engines Samples to Customers
TORONTO, Sept. 14, 2021 (GLOBE NEWSWIRE) -- POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK; OTCQX: POETF), the designer and developer of the POET Optical Interposer™ and Photonic Integrated Circuits (PICs) for the data center and tele-communication markets, today reported that the Company has shipped its first 100G Transmit (Tx) Optical Engine sample to a leading European optical systems company. The Company also confirmed that additional samples will be delivered to several other interested companies over the next month. Several prospective customers are expected to participate in POET’s demonstrations of its Optical Interposer-based optical engine solutions this week, concurrent with the CIOE conference in Shenzhen.
The sample delivered to a leading European optical systems company supports a combined transmit and receive Optical Engine product, which has been developed for an innovative 400G transceiver application. The Alpha samples demonstrate excellent margin to the transmit link budget at operating temperatures with excellent optical eye margins (an optical eye is a fundamental measure of data signal integrity). Internal testing shows that only minor improvements are required for a Beta release that would meet all of the requirements for production. These changes have already been incorporated in the Beta designs, which have just been released to the mask shop for production.
“The importance of achieving this milestone cannot be over-emphasized,” said Dr. Suresh Venkatesan, Chairman & CEO of POET Technologies. “For most prospective customers in this industry, ‘seeing is believing’ is a dominant theme. In spite of 20 years of trying, no other company has been successful in developing a versatile hybrid integration platform. A number of customers and business partners will be taking delivery of samples now and in the coming months – as they gain a full understanding of the simplicity and versatility of the POET Optical Interposer platform, we believe it has the potential to become a new standard for packaging in the photonics industry. The shipment of samples constitutes a completion of over three years of technology and product development culminating in placing market viable products in customers hands.”
The Company reported earlier that it will be demonstrating a 400G Transmit Engine with a silicon photonics-based modulator from SiluxTek, a 100G CWDM Transmitter, a 200G CWDM Receiver and other novel remote light source designs during the ICCSZ and CIOE conference occurring this week in Shenzhen, China. These demonstrations cumulatively provide a glimpse into POET’s product roadmap and capabilities.
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 and Singapore. More information may be obtained at www.poet-technologies.com.
| POET Shareholder Contact: Shelton Group Brett L. Perry sheltonir@sheltongroup.com | POET Company Contact: Thomas R. Mika, EVP & CFO tm@poet-technologies.com |
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 the success of the Company’s product development efforts, the performance of its products, the expected results of its operations, meeting revenue targets, and the expectation of continued success in the financing efforts, the capability, functionality, performance and cost of the Company’s technology as well as the market acceptance, inclusion and timing of the Company’s technology in current and future products.
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