Dr. Suresh Venkatesan reports

POET SIGNS MANUFACTURING AGREEMENT WITH NATIONGATE SOLUTIONS IN MALAYSIA

Poet Technologies Inc. has signed a master agreement, a module purchase agreement and a deed of consignment with NationGate Solutions (M) Sdn Bhd to manufacture optical engine assemblies for Poet in Penang, Malaysia.

Poet has engaged with NationGate to assemble and test consigned optical engines with a custom-designed fibre-attach unit made specifically for one of Poet's key customers. That customer has confirmed a high level of interest from hyperscale data centres in a product that includes a combination of optical engines available exclusively from Poet.

"We are thrilled to be engaged with Poet, whose profile in Malaysia is increasingly prominent," said Dato Ooi Eng Leong, chief executive officer of NationGate Solutions (M) Sdn Bhd, the largest electronic manufacturing service provider in Malaysia. "We share Poet's enthusiasm about a Malaysia-centred ecosystem for the manufacturing of advanced optoelectronics products to complement what we are already manufacturing for some of the largest AI network systems providers in the world."

"The level of dedication to a shared mission that we see from our partners has far exceeded our expectations and confirms that our decision to focus manufacturing of Optical Interposer-based products in Malaysia was the best path for Poet," said Dr. Suresh Venkatesan, chairman and chief executive officer of Poet. "Through the relationships, talent and world-class facilities offered by our partners, Poet is able to demonstrate the ability to scale manufacturing to the volumes demanded by our customers, bringing us that much closer to significant revenue generation in the near future."

Update on sample shipments

The agreement with NationGate is in addition to the company's manufacturing agreement with Globetronics, which was announced in December of 2024. The company confirmed that its operation in Globetronics had progressed to the point that it had, as of early June, shipped its order backlog of sample 800 G optical engines to existing customers. The company expects to ship its backlog of 1.6 T samples during third quarter of 2025.

Both the Globetronics and NationGate facilities have initiated critical qualification processes. Once fully on-line, these facilities will ensure continuity and scalability in delivering Poet's high performance photonics solutions to global customers. Establishing a Malaysian manufacturing footprint is in direct response to increasing customer demand and the strategic need for Poet to diversify and secure the company's supply chain. Poet's Optical Interposer-based optical engines and other assemblies are directed at applications in data centres, artificial intelligence, high performance computing and telecom networks.

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 system 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 (800 G, 1.6 T 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: Shenzhen, China, Penang, Malaysia, and Singapore.

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