12:11:48 EDT Tue 18 Jun 2024
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or Name
USA
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Poet Technologies Inc (2)
Symbol PTK
Shares Issued 48,239,344
Close 2024-04-16 C$ 1.51
Market Cap C$ 72,841,409
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Poet Technologies hires Hybrid, LFG for IR, marketing

2024-04-17 11:21 ET - News Release

Mr. Vivek Rajgarhia reports

POET AUGMENTS INVESTOR OUTREACH EFFORTS AND ANNOUNCES MANAGEMENT ROLE CHANGE

Poet Technologies Inc. has augmented its investor outreach through two new engagements with external service providers. It also made a change in the role of Vivek Rajgarhia, the company's president and general manager.

Poet has retained Hybrid Financial Ltd. to connect the company to a select group of technology investors identified from a database of over 1,400 buy-side funds in the United States and 200 in Canada that hold shares in companies that are valued less than $100-million (U.S.), plus a larger number of broker-dealer firms and financial advisers. The agreement with Hybrid is for an initial period of six months starting April 1, 2024, and may be renewed automatically for successive three-month periods thereafter. Hybrid will be paid a monthly fee of $15,000, plus applicable taxes, during the initial term.

Commencing later this month, LFG, an independent contractor based in the Greater Toronto Area, will provide advice, content development and marketing services through social media channels and on-line media and newsletter placements for the company. The agreement includes an initial payment of $25,000 (U.S.) with an option to increase at the company's discretion.

Neither Hybrid nor LFG Equities currently hold shares in Poet, and both have agreed to comply with all applicable securities laws and the policies of the TSX Venture Exchange in providing the services.

Management role change

The company is also announcing a change in the role of Vivek Rajgarhia, who has served as the company's president and general manager since November, 2019. Mr. Rajgarhia will remain an employee of Poet but will transition from executive officer to the role of corporate development adviser to the chief executive officer, effective immediately. This scope change, initiated by Mr. Rajgarhia, will provide him with the time that he has requested to attend to certain personal matters, but will also allow him to continue his important role in providing both strategic advice to the CEO and management team.

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, passive 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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