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Poet Technologies Inc
Symbol PTK
Shares Issued 200,672,762
Close 2016-04-29 C$ 1.40
Market Cap C$ 280,941,867
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Poet Technologies' Copetti resigns as co-chairman

2016-05-02 10:48 ET - News Release

Mr. John O'Donnell reports

POET TECHNOLOGIES ANNOUNCES THE RESIGNATION OF PETER COPETTI AS EXECUTIVE CO-CHAIRMAN

Effective April 30, 2016, Peter Copetti, current executive co-chairman of the board of Poet Technologies Inc., will be stepping down from the board and his position as executive co-chairman to pursue other opportunities. Mr. Copetti joined Poet at the genesis of today's refocused enterprise. He has served as both executive co-chairman and interim chief executive officer. Mr. Copetti has worked tirelessly to establish Poet as a presence in the burgeoning integrated optoelectronics industry and has been instrumental in the financial restructuring of the company.

"Peter has been a great partner and colleague throughout this incredible journey at Poet. He inspired me to join this team and his contributions and dedication to the restructuring of the company has lead us to our current state with a strong team, healthy balance sheet and well-defined strategic road map. His leadership, through our recently announced acquisition, has been commendable," said Ajit Manocha, executive co-chairman. "On behalf of the entire board, I wish Peter all the best in this next phase of his professional and personal life."

"I would like to express our most sincere thanks to Peter for his vision and his determination that has helped put Poet on the map in the field of integrated optoelectronics," said Dr. Suresh Venkatesan, Poet's chief executive officer. "Peter's mix of passion and business intelligence has helped establish a solid foundation for this company, as we now focus on our lab-to-fab-to-monetization path. His leadership over the past four years has had a tremendous impact on this company in terms of its vision, mission and financial turnaround. Peter leaves behind a great team at Poet and he has personally been a great mentor to me."

"I am extremely pleased at what we have been able to accomplish together these past four years. I have often heard that the mark of a good leader is in establishing a solid team. I feel that I have accomplished that goal. Ajit, Suresh and their team will lead this company to new heights, and I look forward to continued successes from this team as they focus on product development and achieving revenue. I have complete belief in the management team, the Poet technology and the DenseLight acquisition, and I expect huge things from Poet," noted Mr. Copetti.

The company wishes Mr. Copetti the best and all the success in his future endeavours.

We seek Safe Harbor.

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