POET Technologies Completes US$25 Million Registered Direct Offering
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 03 2024
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Source: Newsfilter
POET Technologies Offering: POET Technologies Inc. has completed a registered direct offering, raising US$25 million by issuing 5,555,556 common shares and warrants to an accredited investor, with plans to use the proceeds for working capital and expansion into Malaysia.
Company Overview: POET is a designer of photonic integrated circuits and optical interposers aimed at data centers and AI markets, focusing on high-speed optical engines and light source products that are cost-effective and energy-efficient.
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Analyst Views on POET
About POET
POET Technologies Inc. is a design and development company. It offers high-speed optical engines, light source products and custom optical modules to the artificial intelligence (AI) systems market and to hyperscale data centers. Its photonic integration solutions are based on the POET Optical Interposer, a novel, patented platform that allows the integration of electronic and photonic devices into a single chip using wafer-level semiconductor manufacturing techniques. Its Optical Interposer-based products consume less power than comparable products, are smaller in size and are readily scalable to high production volumes. In addition, it 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. Its Optical Interposer platform solves device integration challenges across a range of communication, computing and sensing applications.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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