Dr. Suresh Venkatesan reports

POET TECHNOLOGIES PROVIDES HIGHLIGHTS FROM ANNUAL AND SPECIAL MEETING

Poet Technologies Inc. has provided shareholders with an update on the company's business, technology and product development activities during its annual and special meeting held in San Jose, Calif., on Thursday, June 21, 2018.

Poet's chief financial officer, Thomas Mika, delivered customary introductions and the call to order, and Poet's executive chairman, David Lazovsky, conducted the formal business of the meeting, which included the approval of all proposals outlined in the company's management information circular and voting material sent to the shareholders. Poet's chief executive officer, Dr. Suresh Venkatesan, then presented a business and technology update, which was followed by Poet's executive management participating in a question-and-answer session. The slides presented at the meeting, along with a webcast replay, can be accessed in the investor relations section of Poet's website.

Highlights from the business update:

• Established a development and manufacturing agreement with SilTerra Malaysia, providing favourable economics for production of the Poet Optical Interposer;
• Transitioned dielectric waveguide process technology from a development lab to its own equipment in the SilTerra foundry to enable a seamless high-volume manufacturing ramp;
• Signed a memorandum of understanding with Accelink, as a lead customer and development partner for datacom and telecom applications;
• Successfully demonstrated 100-gigabit-per-second Quad-PIN receivers for use with the Poet Optical Interposer;
• Announced a collaboration with Almae Technologies for the joint development, manufacturing and sales a series of laser modules based on the Poet Optical Interposer platform for high-speed data communication applications;
• Continued progress on technology and product development, including process flows and production tools for eight-inch interposer wafers as well as validation of advanced packaging and assembly process;
• Provided a detailed overview of the Poet Optical Interposer platform, its unique competitive differentiators, market opportunity and size, as well as the significant cost benefits for transceiver manufacturers.

AGM results

At the AGM, Poet Technologies' shareholders approved the following proposals:

• To set the number of directors at eight;
• Re-election of the current directors, with no director receiving less than 91 per cent of the votes cast;
• Reappointment of Marcum LLP as auditor of the company;
• Amendment to the company's incentive stock option plan to increase the number of shares reserved for issuance under the plan to 57,611,360, which number includes shares issuable under all prior plans.

Options grant

At the meeting of the board of directors immediately following the AGM, as part of the company's incentive stock option grant program, options were granted to non-management directors of the company to purchase up to an aggregate of 2,527,000 common shares, representing approximately 0.88 per cent of the outstanding shares of the company. In addition, a total of 135,000 options were granted to employees and consultants.

The options are exercisable for 10 years at a price of 33 cents (25 U.S. cents) being the closing price of the company's shares on June 20, 2018. The directors' options vest quarterly in arrears over the one year of service as a director until the next annual general meeting. All other options granted to employees and consultants vest 25 per cent on the first anniversary of the grant and the balance vests quarterly over a further three-year period thereafter. The grant to the directors represents the option portion of directors' fees for the 12-month period beginning June 21, 2018.

The options were granted subject to provisions of the company's stock option plan and are subject to the TSX Venture Exchange policies and applicable securities laws. For further details on the company's share capital, refer to the company's financial statements and management's discussion and analysis for the three months ended March 31, 2018, which were filed on SEDAR on May 29, 2018.

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.

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