14:13:10 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Poet Technologies Inc
Symbol PTK
Shares Issued 260,018,852
Close 2018-02-20 C$ 0.57
Market Cap C$ 148,210,746
Recent Sedar Documents

Poet Technologies doesn't say why trading is high

2018-02-20 13:03 ET - News Release

Mr. Thomas Mika reports

POET TECHNOLOGIES RESPONDS TO RECENT TRADING ACTIVITY

Poet Technologies Inc. has responded to recent share trading activity at the request of Investment Industry Regulatory Organization of Canada (IIROC) on behalf of the TSX Venture Exchange.

Poet confirmed that there have been no undisclosed material changes to the company's business or operations at this time. "We are pleased to see an increased interest on the part of shareholders and other market participants in Poet's common stock, which we largely attribute to our recent announcement of the optical interposer platform," commented Thomas Mika, Poet's chief financial officer. "We believe the ability to integrate electronic and photonic devices into a single, low-cost, CMOS-compatible package represents a unique value proposition for photonics in general, and particularly in high-speed data communications. In several key application areas, our proprietary platform technology has the potential to surpass or displace both conventional discrete approaches to transceiver architectures, as well as those based on integrated silicon photonics devices. Since announcing the optical interposer platform in January, we have experienced an encouraging market response, resulting in multiple interactions with prospective partners and customers."

About Poet Technologies Inc.

Poet Technologies is a developer and manufacturer of optical light source products for the sensing and data communications markets. Integration of optics and electronics is fundamental to increasing functional scaling and lowering the cost of current photonic solutions. Poet believes that its approach to both hybrid and monolithic integration of devices, utilizing a novel dielectric platform and proven advanced wafer-level packaging techniques enables substantial improvements in device cost, efficiency and performance. Optical engines based on this integrated approach have applications ranging from data centres to consumer products to military applications.

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