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
announced that it will use high-speed directly modulated laser
(DML) technology from Lumentum Holdings Inc. (“Lumentum”), a
market-leading designer and manufacturer of innovative optical and
photonic products, in POET’s transmit optical engines to enable
high volume, low power, and cost-efficient 400G, 800G, and 1.6T
pluggable transceivers for hyperscale data centers.
Working with Lumentum, POET expects to start
sampling the 400G FR4 transmit optical engines with integrated
drivers in the first half of 2023 and production by the second half
of 2023. The 400G FR4 optical engines are architected as photonic
chiplets and will be the industry’s first implementation of DMLs
with flip-chip integration on an optical interposer at these data
rates. With the small size and elegant design of POET’s optical
engines, customers will have the flexibility to design 400G, 800G,
and 1.6T pluggable transceivers using the same 400G FR4
chiplets.
“The majority of the 400G transceivers in the
market today use either externally modulated lasers or silicon
photonics combined with external lasers. These solutions require
multiple components and involve several cumbersome and costly
active alignments,” said Suresh Venkatesan, Chairman & CEO of
POET. “POET has a significant opportunity to disrupt the market
with a highly integrated solution with all passive alignments and
monolithically integrated waveguides and multiplexers, which
translates to lower cost, power, and size benefits to our
customers.”
“With the continued deployment of 400G, plus
800G on the horizon in hyperscale data centers, there is a need for
laser technologies that lower power consumption and cost and are
easier to scale to high volumes,” said Wupen Yuen, Lumentum’s
senior vice president and general manager of the Datacom Business
Unit. “Lumentum’s high-performance 100G DML provides customers with
an additional laser technology choice to help them optimize their
transceiver solutions to best meet the needs of hyperscale data
center operators while leveraging Lumentum’s proven high-speed
laser manufacturing scale and quality.”
According to LightCounting’s April 2022 report,
the market opportunity for 400G/800G/1.6T pluggable transceivers
grows from $2B in 2023 to $6.5B in 2027.
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 LumentumLumentum (NASDAQ:
LITE) is a market-leading designer and manufacturer of innovative
optical and photonic products enabling optical networking and laser
applications worldwide. Lumentum optical components and subsystems
are part of virtually every type of telecom, enterprise, and data
center network. Lumentum lasers enable advanced manufacturing
techniques and diverse applications including next-generation 3D
sensing capabilities. Lumentum is headquartered in San Jose,
California with R&D, manufacturing, and sales offices
worldwide. For more information, visit www.lumentum.com and follow
Lumentum on LinkedIn, Twitter, Facebook, Instagram, and
YouTube.
Shareholder Contact:Shelton GroupBrett L.
Perrysheltonir@sheltongroup.com |
Company Contact:Thomas R. Mika, EVP &
CFOtm@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 and
expectations for approval of proposals at the Company’s annual
meeting of shareholders.
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 and timing for
completion of its development efforts, the introduction of 800G
modules based on 400G optical engine developments, financing
activities, future growth, recruitment of personnel, opening of
offices, the form and potential of its joint venture, plans for and
completion of projects by the Company’s third-party consultants,
contractors and partners, availability of capital, and the
necessity to incur capital and other expenditures. Actual results
could differ materially due to a number of factors, including,
without limitation, the failure of its products to meet performance
requirements, missing the window for 800G modules based on 400G
optical engines, lack of sales in its products, once released,
operational risks in the completion of the Company’s anticipated
projects, lack of performance of its joint venture, delays in
recruitment for its newly opened operations or changes in plans
with respect to the development of the Company’s anticipated
projects by third-parties, risks affecting the Company’s ability to
execute projects, the ability of the Company to generate sales for
its products, the ability to attract key personnel, the ability to
raise additional capital and the agreement by shareholders to
approve proposals put forth by the Company at shareholders’
meetings. 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 1E2- Tel: 416-368-9411 - Fax:
416-322-5075
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