Sedar Plus
sedarplus.ca
This document shows how much funds to be raised and what they plan to do with those funds. Also what they did with their funds from the previous year.
What is our business?
The Issuer is a design and development company offering high-speed optical modules, optical engines and light source products to the artificial intelligence systems market and to hyperscale data centers. POET’s photonic integration solutions are based on the POET Optical Interposer™, a novel, patented platform that allows the seamless integration of electronic and photonic devices into a single chip using advanced waferlevel semiconductor manufacturing techniques. POET's Optical Interposer-based products are lower cost, consume less power than comparable products, are smaller in size and can be produced in high volumes. In addition to providing high-speed (800G and above) optical modules and optical engines for AI clusters and hyperscale data centers, POET has designed and produced novel light source products for chip-to-chip data communication within and between AI servers, the next frontier for solving bandwidth and latency problems in AI systems. POET’s Optical Interposer platform also solves device integration challenges in - 4 - 5G networks, machine-to-machine communication, sometimes referred to as the "Internet of Things" (IoT), self-contained "Edge" computing applications and sensing applications, such as LIDAR systems for autonomous vehicles.
Recent developments
The following summary sets out the key recent developments involving or affecting the Issuer: • At-the-Market Programs The Issuer had established an at-the-market equity program, which was initially active in both the United States and Canada, pursuant to an equity distribution agreement dated June 29, 2023, which ended on August 5, 2023. The Issuer continued the at-the-market equity program in the United States only pursuant to an equity distribution agreement dated September 1, 2023. • Platform for 1.6T Transceivers On August 15, 2023, POET announced its development of an optical interposer platform for 1.6T transceivers and beyond using 200G per lane technology utilizing POET's enhanced interposerpowered optical engines. • Optical Module for AI On March 26, 2024, the Company announced its first entry into the optical module market for artificial intelligence and cloud data center markets with an 800G pluggable transceiver. The POET Wavelight™ is an 800G 2xFR4 OSFP module that incorporates the Company’s POET Optical Interposer-based optical engine products. |
