Mr. Thomas Mika reports

POET TECHNOLOGIES REPORTS NO EXPOSURE TO SILICON VALLEY BANK (SVB) FAILURE

Poet Technologies Inc. has no financial exposure to the closure on Friday, March 10, 2023, of Silicon Valley Bank (SVB) by the State of California and the Federal Deposit Insurance Corp. (FDIC).

Poet's operating cash reserves are held in insured accounts at multiple banks both nationally and internationally. Cash not immediately needed for operations is invested in U.S. and Canadian term deposits that mature in less than 90 days. Such short-term investments consist of guaranteed investment certificates (GICs) held with other Canadian chartered banks. The company's investment policy is available for review on the company's website.

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 bring 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.; Shenzhen, China; and Singapore.

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