Mr. Thomas Mika reports

POET ENGAGED BY GLOBAL FINANCIAL SERVICES LEADER TO DEVELOP CUSTOM OPTICAL ENGINE

Poet Technologies Inc. has signed an agreement to develop a novel optical engine for use in a high-frequency securities trading operation for a global capital markets firm. High-frequency trading (HFT) is a type of automated trading that uses powerful computers to execute a large number of trades in fractions of a second.

The multiphase project is a pioneering effort to increase the speed and decrease the latency inherent in current transceiver solutions utilized by securities trading operations. The first phase of the project will begin immediately, with Poet designing prototypes of Poet Optical Interposer based transceiver engines built to meet the customer's specification. Subsequent phases include building additional prototypes and, if successful, production optical engines customized for this application.

"We are delighted to have embarked on this ambitious project with a global leader in HFT," commented Raju Kankipati, chief revenue officer of Poet. "This project generates revenue for Poet this year and demonstrates the versatility of the Poet Optical Interposer and the entry into a new, related market space by the company."

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 (artificial intelligence) 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 (light detection and ranging) systems for autonomous vehicles. Poet is headquartered in Toronto, Canada, with operations in Allentown, Penn.; Shenzhen, China; and Singapore.

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