Dr. Suresh Venkatesan reports

POET TECHNOLOGIES APPOINTS THERESA LAN ENDE AS BOARD ADVISOR; TO BE NOMINATED AS DIRECTOR AT OCTOBER ANNUAL MEETING

Poet Technologies Inc. has appointed Theresa Lan Ende, currently chief procurement director of Arista Networks, as an adviser to the company's board of directors. The company also announced that it intends to nominate Ms. Ende as a director at its annual general meeting currently scheduled for Oct. 6, 2022.

"We are thrilled that Theresa Ende has agreed to become an adviser to our board prior to her nomination at the AGM," said Dr. Suresh Venkatesan, chairman and chief executive of Poet. "As part of that upcoming meeting, we will be proposing to shareholders an increase in the size of the board and appointment of Theresa. She brings to our board a wealth of knowledge and experience in global supply chain management, operations and planning gained from several leading companies in our industry, including Arista Networks, JDS Uniphase, Force10 Networks, Cisco Systems and ROLM Telecommunications. She has a unique and valuable perspective on present day supply chain matters and is expected to be an insightful voice on the board as the company grows in size and stature."

Before her appointment as chief procurement director of Arista Networks in 2019, Ms. Ende served for 10 years as its senior director of global supply chain management. Prior to Arista, she held senior positions at JDSU Optical Division and Force10 Networks. At Cisco Systems and ROLM Telecommunications, Ms. Ende held various program management and planning management positions over a 20-year period. In 2019, she was honoured as one of the top 100 women of influence by Silicon Valley Business Journal.

Option grant

For her services as an adviser for the period from June 1, 2022, through the date of the next annual general meeting, the board of directors has approved a combination of option grants and cash payment equivalent to the compensation of other members of the board who hold no committee chair positions. Specifically, a grant of 4,745 options will made to Ms. Ende which will vest monthly in arrears over four months. The options are exercisable for 10 years at a price of $7.16, being the closing price of the company's shares on May 31, 2022. In addition, Ms. Ende will receive a cash payment of $7,500 (U.S.). The options were granted subject to provisions of the company's 2021 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 MD&A (management's discussion and analysis) for the three months ended March 31, 2022, which may be found on SEDAR and EDGAR.

About Poet Technologies Inc.

Poet Technologies 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.

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