Dr. Suresh Venkatesan reports

POET TECHNOLOGIES REPORTS FIRST QUARTER 2022 FINANCIAL RESULTS

Poet Technologies Inc. has released its unaudited condensed consolidated financial results for the first quarter ended March 31, 2022. The company's financial results, as well as management's discussion and analysis, have been filed on SEDAR. All financial figures are in U.S. dollars unless otherwise indicated.

First quarter financial (non-international financial reporting standards) and recent business highlights

The company achieved the following significant milestones during the three months ended March 31, 2022:

• Named to the 2022 OTCQX Best 50, a ranking of top-performing companies traded on the OTCQX Best Market last year;
• Entered into an agreement with Celestial AI to provide multilaser integrated external light source (ELS) modules using its advanced packaging platform based on the Poet optical interposer; the agreement includes a contract for continued platform development, along with a purchase order for initial quantities of the advanced modules;
• Announced a collaboration with Liobate Technologies to incorporate advanced thin-film lithium niobate (TFLN) modulators onto Poet's optical engines supporting power-efficient ultrahigh-bandwidth electro-optic conversion for data centre and telecom applications; this multiphase, co-development project is initially focused on delivering and commercializing a Poet 400/800 GPS transmit and receive optical engine;
• Announced the launch of its 400G FR4 and 800G (2x400G FR4) Receive (RX) optical engines based on the Poet optical interposer, a unique next-generation hybrid silicon photonic platform;
• Completed previously announced consolidation of its common shares and commenced trading on Nasdaq under the ticker symbol POET;
• Joined the Singapore hybrid-integrated next-generation microelectronics (Shine) centre located in the College of Design and Engineering at the National University of Singapore (NUS).

Management comments

"The first quarter has been an active period of sampling and expanding customer engagement," stated Dr. Suresh Venkatesan, chairman and chief executive officer. "We were able to leverage our success at OFC where we demonstrated our 200G FR4 transmit and 400G FR4 receive optical engines. Poet received significant notoriety for being the only company to showcase a chip-scale integrated FR4 optical engine, offering substantial size, energy efficiency and cost benefits compared to alternative solutions based on the DR4 standard, resulting in heightened interest from companies that we have not been engaged with previously. We are focused on advancing our efforts to convert this interest to customer orders in the coming quarters."

About Poet Technologies Inc.

Poet is a design and development company, offering integration solutions based on the Poet optical interposer, a novel platform that allows the seamless integration of electronic and photonic devices into a single multichip module using advanced wafer-level semiconductor manufacturing techniques and packaging methods. Poet's optical interposer eliminates costly components and labour-intensive assembly, alignment, burn-in and testing methods employed in conventional photonics. The cost-efficient integration scheme and scalability of the Poet optical interposer brings value to any device or system that integrates electronics and photonics, including some of the highest-growth areas of computing, such as artificial intelligence (AI), the Internet of things (IoT), autonomous vehicles, and high-speed networking for cloud service providers and data centres. Poet is headquartered in Toronto, with operations in Allentown, Pa., and Singapore.

We seek Safe Harbor.