Dr. Suresh Venkatesan reports

POET TECHNOLOGIES ANNOUNCES APPOINTMENT OF NEW DIRECTOR

Poet Technologies Inc. has expanded the company's board of directors to six members with the appointment of Bob Tirva as director and member of the audit committee. Mr. Tirva's appointment will be effective Dec. 5, 2024, and, along with the incumbent five directors of the company, he will serve until the next annual meeting of shareholders of the company or until his successor is duly elected or appointed.

Mr. Tirva brings over 30 years of executive experience in the technology industry and several years of advisory experience as a director of companies advancing semiconductor technology. Throughout his career, Mr. Tirva held various management positions at IBM, Broadcom Corp., Dropbox and Intermedia Cloud Communications Inc. before assuming the role of president, chief operating officer and chief financial officer of Sonim Technologies Inc. until it was acquired by AJP Holding Company in 2022. Mr. Tirva currently serves on the board of Skyworks Aeronautics and was recently on the boards of Costar Technologies and Resonant Inc.

Poet's chairman and chief executive officer, Dr. Suresh Venkatesan, commented: "It is a pleasure to welcome Bob to our board. His experience at Broadcom and Resonant is directly relevant to Poet and his strong financial background will be an asset to our audit committee and management team overall."

Following the appointment of Mr. Tirva, the board will consist of six members, being Dr. Venkatesan (chair), Jean-Louis Malinge (lead independent director), Theresa Lan Ende, Glen Riley, Chris Tsiofas and Mr. Tirva.

Option grant

For services as a member of the board for the period Dec. 5, 2024, through the date of the next annual general meeting, the board of directors has approved a combination of option grants and cash payments equivalent to the compensation of other members of the board who hold no committee chair positions. Specifically, a grant of 18,823 options to purchase common shares of the corporation will be made to Mr. Tirva, which will vest quarterly in arrears over seven months. The options are exercisable for 10 years at a price of $7.19, that being the closing price of the company's shares on TSX Venture Exchange on Dec. 4, 2024. In addition, Mr. Tirva will receive a cash payment of $17,500 (U.S.) in two quarterly payments. The options are granted in accordance with the corporation's board compensation program, and are subject to provisions of the corporation's 2024 stock option plan, and 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 Sept. 30, 2024, which may be found on SEDAR+ and EDGAR.

About Poet Technologies Inc.

Poet is a design and development company offering high-speed optical modules, optical engines and light source products to the artificial intelligence systems market and to hyperscale data centres. Poet's photonic integration solutions are based on the Poet optical interposer, a novel, patented platform that allows the seamless integration of electronic and photonic devices into a single chip using advanced wafer-level semiconductor manufacturing techniques. Poet's optical-interposer-based products are lower cost, consume less power than comparable products, are smaller in size and are readily scalable to high production volumes. In addition to providing high-speed (800G, 1.6T and above) optical engines and optical modules for AI clusters and hyperscale data centres, Poet has designed and produced novel light source products for chip-to-chip data communication within and between AI servers, the next frontier for solving bandwidth and latency problems in AI systems. Poet's optical interposer platform also solves device integration challenges in 5G networks, machine-to-machine communication, self-contained edge computing applications and sensing applications such as lidar systems for autonomous vehicles. Poet is headquartered in Toronto, Canada, with operations in Allentown, Penn., Shenzhen, China, and Singapore.

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