POET Technologies Inc. (TSX VENTURE:PTK)(OTCQX:POETF) (the "Company") -
developer of the planar opto-electronic technology ("POET") platform for
monolithic fabrication of integrated circuit devices containing both electronic
and optical elements on a single semiconductor wafer - today announced several
key updates on its 100-nm scaling and prototype initiatives, and the
registration of its common shares with the United States Securities and Exchange
Commission ("SEC"). 


100-nm Scaling and Prototype Initiatives

The Company's 100-nm scaling and prototype initiatives have successfully
achieved a culmination point where transition to a third-party foundry is now
being negotiated.


The 100-nm initiative reduces the feature size of key POET devices down to the
100-nm range. In the course of this program, the technical team developed
numerous processes critical to the practical application of POET, which will now
form the basis of several new patent applications.


The prototype initiative aims to put together several key device building
blocks, all with integrated optical and electronic capability, into an
integrated circuit ("IC") or array of ICs. Development of the two initiatives
have proceeded in parallel so far, but are technologically linked.


Mr. Peter Copetti, Executive Chairman and interim CEO, noted, "We are extremely
proud of how far our team has come. We are now at a point where the capabilities
of a third-party foundry are required for practical demonstration, as well as
subsequent third-party validation. We look forward to proceeding on this basis."


Registration Statement on Form 20-F Filed with U.S. SEC

The Company has registered its common stock under the Securities Exchange Act of
1934. As a reporting company, the Company shall file annual and other periodic
reports with the SEC, which filings will be available to the public through the
SEC's EDGAR online database. The Company's common stock is already traded in
Canada under the symbol "PTK" on the TSX Venture Exchange.


Mr. Copetti noted, "Registration with the SEC is in line with the goals of
Management and the Company's Board of Directors to actively improve corporate
governance standards, transparency, and to provide periodic disclosure to the
market." 


Copies of the Company's documents will now be available for review by visiting
www.sec.gov. The Company also files documents under Canadian regulatory
requirements on SEDAR, which can be accessed via the website www.sedar.com.


Mr. Copetti concluded, "In the last twelve months, the Company's profile and
visibility within the semiconductor industry has increased significantly and the
Company will need to continue this transparency in its efforts reach out to a
global audience of investment and strategic partners."


Ajit Manocha Joins the Company

As a follow up to the Company's press release of July 7, 2014, the Company is
pleased to confirm that it has signed a memorandum of understanding with Mr.
Ajit Manocha. 


As disclosed, Mr. Manocha will help in determining the strategic direction of
the Company, and work directly with the Company's Executive Chairman and interim
CEO in carrying out actions to support that strategic direction, specifically
including: mergers and acquisitions, and related transitions; joint ventures,
collaborations, partnerships and other industry relationships; assistance in
capital raises; and identification and installation of a permanent CEO.


In addition to the previously announced stock options, the Company agreed to a
compensation package at a rate of $41,666.67 per month. The precise terms will
be included in a definitive agreement to be negotiated between the parties. 


Mr. Manocha commented: "POET promises tremendous potential to the semiconductor
industry as a next-generation technology. I am looking forward to being part of
the POET Team and especially working directly with Mr. Copetti on building
shareholder value."


About POET Technologies Inc.

POET Technologies is the developer of the POET platform for monolithic
fabrication of integrated circuit devices containing both electronic and optical
elements on a single semiconductor wafer. With head office in Toronto, Ontario,
Canada, and operations in Storrs, CT, the Company, through ODIS Inc., a U.S.
company, designs III-V semiconductor devices for military, industrial and
commercial applications, including infrared sensor arrays and ultra-low-power
random access memory. The Company has several issued and pending patents for the
POET process, with potential high speed and power-efficient applications in
devices such as servers, tablet computers and smartphones. The Company's common
shares trade on the TSX Venture Exchange under the symbol "PTK" and on the OTCQX
under the symbol "POETF". For more information please visit our websites at
www.poet-technologies.com.


ON BEHALF OF THE BOARD OF DIRECTORS

Michel Lafrance, Secretary

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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Taylor Rafferty, LLC
Christopher Chu
(908) 251-9869
poet@taylor-rafferty.com

Senvest Capital (TSX:SEC)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024 Click aqui para mais gráficos Senvest Capital.
Senvest Capital (TSX:SEC)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024 Click aqui para mais gráficos Senvest Capital.