POET
Enters Optical Module Market with
800G Transceiver for Artificial Intelligence Networks
Toronto, ON and San Diego, CA March 26, 2024 -- 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 AI markets, today announced its first entry into the
optical module market for artificial intelligence and cloud data
center markets with an 800G pluggable transceiver. The
Wavelight™
is an 800G 2xFR4 OSFP module
that incorporates the Company's POET Optical
Interposer™ technology and related optical engine
products.
Wavelight
is the Company's first POET-branded module
and its initial entry into the pluggable optical module market,
representing a key milestone in its commercialization
roadmap. POET
debuts in the module market at the leading edge of module designs
at a speed and performance that is highly sought after by AI
network operators such as Google, Meta, Nvidia and AWS. The Company
will showcase Wavelight
modules at the OFC 2024 conference in San
Diego from March 26-28 (Booth #5001) and customer sampling will
begin in Q3 2024.
"The move to offer modules to end-users was
a strategic imperative for the Company and the next logical step in
our development of the POET Optical Interposer and the Optical
Interposer-based leading-edge optical engines that we have produced
over the past two years," noted Dr. Suresh Venkatesan, the
Company's Chairman & CEO. "We are now able to showcase our
technology to major end-users during a period of high demand for
800G transceivers, driven primarily by AI, and we are confident
that it will lead to direct sales by POET to
customers." Dr.
Venkatesan added, "This is the most significant commercial
milestone that our Company has reached since its
founding."
Wavelight
has 8 lanes of electrical input and output
channels operating at 106.25Gbps per channel. It consists of two
400G silicon photonics transmitters and one integrated 800G
receiver, operating on four ITU-defined CWDM wavelengths. The
transceiver is designed for use in 800 gigabit ethernet links for
up to 2km of reach over single mode fiber. According to LightCounting, the market for
800G 2xFR4 transceivers in 2024 is $750 million and is forecasted
to grow to $1.7 billion by 2027, with more than half of the demand
driven by AI networks. The POET transceiver architecture delivers a
solution that is cost optimized and highly scalable.
The Wavelight
product line is complementary to POET's
optical engine sales. POET is committed to continue its optical
engine sales both directly and through its joint venture, Super
Photonics Xiamen (SPX), and serve pluggable transceiver customers
for 100Gbps to 800Gbps speeds.
For a video of Senior VP of Product
Management & North America GM Raju Kankipati discussing
Wavelight
and other products being showcased at OFC
2024, visit POET's YouTube channel here: https://youtu.be/M8FEUYtWGiE
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, passive 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.
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
announced products and those of its customers.
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
success of the Company's announced products, the timing of
completion of its development efforts, the successful
implementation of its optical engines and light source products,
the success of its customer's products, the capabilities of its
operations, including its joint venture, to correctly gauge market
needs and to produce products in the required amounts and on a
timely basis. Actual results could differ materially due to a
number of factors, including, without limitation, the failure of
its newly announced module products to meet performance requirements, the failure to
manufacture modules on a timely basis or at all, the failure of its
800G modules, its optical engines or light source products to
attract the attention of customers and end-users, the failure of
its products or its customer's products to achieve market
penetration, operational risks including the ability to attract key
personnel, and the ability to raise additional capital. 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
law.
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
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