POET Readies Optical Interposer for Production in Alignment with Product Roadmap
TORONTO, Oct. 29, 2020 (GLOBE NEWSWIRE) — POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK; OTCQX: POETF) a leading designer of Photonic Integrated Circuits (PICs) for the data center and tele-communication markets, announced today that it has added several new features to its proprietary POET Optical Interposer™ platform and completed the design for products identified on its roadmap.
New Optical Interposer features include:waveguide designs and process integration methods that minimize reflections of laser light within the Optical Interposer platform;fiducials that better enable the sub-micron accuracy of automated pick-and-place assembly of lasers and other components mechanically placed on the platform;vertical mirrors that extend the platform applicability to top- and bottom-surface-access optical devices, such as top-entry photodetectors and vertical cavity surface emitting lasers (VCSELs);improved spot-size converters that provide efficient coupling of lasers and modulators to waveguides (important for 400G and 800G optical engines);the latest generation of low-loss Mach-Zehnder Interferometry (“MZI”)-based multiplexers embedded in the waveguides; andnewly developed IP to efficiently align fiber-attach-units (FAUs) to POET’s optical engines.“We have determined that the Optical Interposer platform is now production-ready,” said Vivek Rajgarhia, POET’s President & General Manager. “We have proven out all of the features and production methods for the platform itself, including the flip-chip assembly and bonding steps for lasers, which has historically been the “Achilles’ Heel” for other approaches to optoelectronic integration. The basic platform features, now completed, apply to all of the products that we are engaged with customers to develop. The pre-Alpha and Alpha prototypes that are now being assembled differ primarily in the particular components included, and in most cases, those designs have been validated.”Mr. Rajgarhia continued: “The POET Optical Interposer platform is fully compatible with standard CMOS semiconductor processing methods and equipment. It seamlessly incorporates the best features of a Planar Lightwave Circuit (PLC), Silicon Optical Benches (SiOB) and Interposer functionality and is fabricated solely within the production limits of silicon-based semiconductor processing. In addition to being fundamental to lower-cost and the higher-performance value proposition of the Optical Interposer, the processing compatibility with CMOS opens up a variety of applications to POET that are simply not available using other integration approaches seen in the market today.”POET’s product roadmap, presented in its Annual General Meeting of Shareholders conducted in late August, revealed four products under development, each associated with an individual customer or potential groups of customers. The Company reported that the 100/200G CWDM4 Optical Engine, the 400G LightBar™, 400G FR4 Receiver, and the 400G FR4/DR Optical Engines all remain on schedule.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.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.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, financing activities, future growth, recruitment of personnel, opening of offices, the form and potential of its planned 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, operational risks in the completion of the Company’s anticipated projects, a delay or abandonment of its planned 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, 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 1E2- Tel: 416-368-9411 – Fax: 416-322-5075