Dr. Suresh Venkatesan reports

POET TECHNOLOGIES ANNOUNCES CLOSING OF ACQUISITION OF DENSELIGHT SEMICONDUCTORS AND CHANGE TO VENUE OF TOWN HALL MEETING

Poet Technologies Inc. has completed its previously announced acquisition of all of the shares of DenseLight Semiconductors Pte. Ltd., a Singapore-based private designer, manufacturer and provider of photonic sensing and optical light source products. The DenseLight shareholders will be issued approximately 16 million common shares of Poet in accordance with the terms of the share purchase agreement announced on April 28, 2016. Additionally, approximately 1.3 million Poet shares will be issued, subject to monetary exchange rate adjustment at the time of issuance, to the DenseLight shareholders in the event that DenseLight meets or exceeds a predetermined revenue target during calendar 2016.

"We are excited that DenseLight Semiconductors is now a part of the Poet family," said Dr. Suresh Venkatesan, chief executive officer of Poet Technologies. "We believe that our combined capabilities will drive continued opportunities in serving the growing photonics market with a comprehensive suite of product solutions while strengthening the company's finances and operations. With the strong support of the DenseLight management team, we have already begun to map our integration plans for the combined entity with a goal of achieving profitable and sustainable growth targets."

The company plans to provide additional information on the close of the transaction during its investors' town hall meeting on May 17, 2016. Due to overwhelming support for the town hall meeting, the venue has been changed to the Rainy Lake room, WaterPark Place, 20 Bay St., 11th floor, Toronto, Ont., M5J 2N8. To listen to the live webcast, please visit the investor relations section of Poet's website approximately 15 minutes prior to the start of the event to register, download and install any necessary audio software. A replay will be available shortly after the presentation on the Poet website for 90 days. Presubmitted questions may be sent to rf@poet-technologies.com until May 16, 2016. Expected topics to be covered include Poet's strategic, development and commercialization initiatives.

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