POET Technologies
Announces Sample Availability of 100G LR4 Optical Engines
and Testing
with Three Lead Customers
Toronto, Ontario, July 26, 2023 -- InvestorsHub
NewsWire -- POET Technologies Inc. ("POET"
or the "Company")
(TSXV: PTK; NASDAQ: POET), the designer and developer of the POET
Optical Interposer™ and Photonic Integrated Circuits (PICs) for the
data center, telecommunication and artificial intelligence markets,
today announced sample
readiness of 100G LR4 Transmit and 100G LR4 Receive optical engines
that are part of "POET
Legacy™" product family.
Three lead customers have received samples and started product
evaluation and two others have requested samples.
The POET 100G LR4 Transmit and
Receive optical engines are designed using POET's Optical
Interposer technology and known good optical components, including
high-speed DML lasers and photodiodes. The engines meet the IEEE
100GBASE-LR4 standard for transmission up to 10km and are suitable
for use in QSFP28, CFP, CFP2 and other high density form factors.
100G LR4 transceivers are a mainstay of the telecom industry,
providing key links from data centers to trunk lines.
"We have seen a strong interest
in our 100G LR4 optical engines from a good mix of Tier 1 and Tier
2 customers that intend to cost reduce their transceivers to
continue supporting the market for the next several years," said
Raju Kankipati, SVP & GM of POET North America. "Our
chip-on-board architecture and passive alignment process simplifies
the module design to achieve a substantial cost reduction. 100G LR4
has a strong deployment base in both telecom and datacom networks,
and we look forward to supplying our engines to our transceiver
customers for the entire LR4 lifecycle."
The chip-on-board, non-hermetic
architecture of POET's optical engines eliminates the costly TOSA
(Transmit Optical Subassembly) and ROSA (Receive Optical
Subassembly) that are prevalent in most 100G LR4 transceivers
today. The engines are assembled using standard pick and place
attach process without any need for micro-optic lenses and
isolators. No active alignment enables wafer-scale assembly and
testing of the engines.
The small size 100G LR4
Transmit optical engine is about 9mm by 4mm and incorporates four
DML lasers operating at the LAN-WDM wavelengths as defined by the
IEEE 802.3ba standards. The Optical Multiplexer, monitor
photodiodes and an FAU (Fiber Array Unit) are included on the
engine. The Receive optical engine is 7.5mm by 4.5mm and includes
high-speed photodiodes, a demultiplexer and FAU.
POET expects to complete the
qualification of 100G LR4 Transmit and Receive optical engines and
start volume production at its joint venture partner, Super
Photonics, by Q1 2024. The ethernet transceiver market for 100G LR4
is projected by LightCounting
to sustain a steady run rate
with estimated cumulative sales of $1.6 billion over the 2024-2028
period.
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 chip using advanced wafer-level
semiconductor manufacturing techniques and packaging methods.
POET's
Optical Interposer eliminates costly components and labor-intensive
assembly, alignment, 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.
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
engine 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 products to meet performance
requirements, the failure to produce products on a timely basis or
at all, the failure of its optical engine or light source products
to be incorporated into its customer's products, the failure of 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.
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