POET
Technologies Announces ZKTel as Customer and
Collaborator
Toronto, Ontario, January 3, 2024 — InvestorsHub NewsWire --
POET
Technologies Inc. ("POET" or
the "Company")
(TSX Venture: PTK; NASDAQ: POET), the designer and developer of the POET
Optical Interposer™ and
Photonic Integrated Circuits (PICs) for the data center,
telecommunication and artificial intelligence
markets, today
announced that
Shaoxing ZKTel Equipment Co.
("ZKTel"),
which supplies optical computer equipment such as modules and
transceivers to Tier 1 companies in China's datacom and mobile
networking industries, is one of the lead customers for POET's 100G
optical engines.
POET
and ZKTel have been collaborating to develop a 100G CWDM4 optical
transceiver module using POET optical engines supplied by POET's
joint venture company, Super Photonics Xiamen (SPX). Each module
contains a 100G CWDM4 transmit and a receive engine with
monolithically integrated MUX and DMUX, directly modulated lasers
(DMLs), and high-speed photodiodes. POET developed the product to
suit ZKTel's desired designs, demonstrating the flexibility of the
optical interposer technology.
"We
have been working with ZKTel for more than a year and are pleased
to announce a design win for POET with another module supplier that
will go into production in 2024," said Dr. Suresh Venkatesan,
POET's Chairman and CEO. "ZKTel is a highly respected and
significant player in the China datacom industry and to collaborate
with them through SPX is further validation of POET's commercial
and technical strategy.
ZKTel
has a robust product portfolio and an expansive number of end
users. Through this collaboration, POET and SPX have a roadmap with
ZKTel that goes beyond the initial 100G CWDM optical engine sales.
"
"At
ZKTel, we are very pleased with the results we have seen with
POET's design and how it helps us meet the demands of our
customers. We have been testing the optical engines internally and
with our customers and the feedback has been excellent," says James
Wang, CEO of ZKTel. "We look forward to a long, prosperous
relationship with the POET and SPX teams, and to deploying these
products to increase the market share for ZKTel."
ZKTel's
decision to move into single-mode optics sparked their interest in
POET. The Company was an attractive choice because of the low
capital expenditure and elegant architecture required to adopt the
optical interposer. POET creates a low barrier to entry into the
single-mode optics marketplace for ZKTel. In the production phase,
SPX assembles and tests the optical engines at its state-of-the-art
facility and ships optical engines to customers such as ZKTel.
Customers use optical engine production samples to complete their
internal qualification and start sampling modules to their end
customers. This cycle typically takes 6 to 9 months before
high-volume production can be expected. However, since ZKTel is in
advanced stages of its module development, ZKTel expects to ramp to
volume production in the second half of 2024.
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 multi-chip module using advanced
wafer-level semiconductor manufacturing techniques and packaging
methods. POET's
Optical Interposer eliminates costly components and labor-intensive
assembly, alignment, burn-in and testing methods employed in
conventional photonics. The cost-efficient integration scheme and
scalability of the POET Optical Interposer brings 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 centers. POET is headquartered in Toronto, with
operations in Allentown, PA, Shenzhen, China and Singapore. More
information may be obtained at www.poet-technologies.com.
About Shaoxing ZKTel Equipment Co.
ZKTel specializes
in high-end optical chips, optical components, optical modules
(155M-800Gbps) and intelligent testing equipment. The company has a
senior R&D team in the industry mainly with doctoral and
master's degrees, focusing on product R&D and manufacturing in
optical communication. With its own brand, "ZKTel", the company's
products are widely used in data communication networks,
transmission networks, metropolitan backbone networks, data
centers, 4G/5G mobile base stations, face recognition, auto-driving
and other fields. ZKTel has
dust-free workshops. The company has been certified by ISO9001,
ISO14001, ISO45001, ISO10012, ANSI ESD S20.20 and intellectual
property standard implementation management system; at the same
time, optical transceivers and components products have obtained
TUV, CE, FCC, RO?S, LVD and other certifications. The company has
been successively recognized as 'National high-tech enterprise',
'Zhejiang Science and technology enterprise', 'Zhejiang credit
management model enterprise', 'Zhejiang growth science and
technology top 100 enterprise', 'Zhejiang invisible champion
cultivation enterprise', 'Zhejiang AAA Contract abiding and
trustworthy enterprise', 'Provincial high-tech enterprise research
center' and
'Provincial enterprise technology center', 'Provincial enterprise
research institute', 'Yuecheng district mayor Quality
Award'.
This news release
contains "forward-looking information" (within the
meaning of applicable Canadian securities laws) and
"forward-looking statements" (within the
meaning of the U.S. Private Securities Litigation Reform Act of
1995). Such statements or information are identified with words
such as "anticipate", "believe", "expect", "plan", "intend", "potential", "estimate", "propose", "project", "outlook", "foresee" or similar words suggesting future
outcomes or statements regarding any potential outcome. Such
statements include the Company's expectations with respect to market size,
the capability, functionality, performance and cost of the
Company's technology, the capabilities and expected
success of its joint venture, as well as the timing and inclusion
of its technology in customer's current and future
products.
Such forward-looking
information or statements are based on a number of risks,
uncertainties and assumptions which may cause actual results or
other expectations to differ materially from those anticipated and
which may prove to be incorrect. Assumptions have been made
regarding, among other things, management's expectations regarding the size of the
market for its products, the capability of its joint venture to
produce products on time and at the expected costs, the performance
and availability of certain components, and the success of its
customers in achieving market penetration for their
products.
Actual results could differ
materially due to a number of factors, including, without
limitation, the attractiveness of the Company's product offerings,
performance of its technology, the performance of key components,
and ability of its customers to sell their products into the
market. For further information concerning these
and other risks and uncertainties, refer to the Company's filings
on SEDAR+ at www.SEDAR.com and on the website of the U.S.
Securities and Exchange Commission at
www.sec.gov. Although the Company believes that the
expectations reflected in the forward-looking information or
statements are reasonable, prospective investors in the
Company's securities should not place undue
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provide no assurance that such expectations will prove to be
correct. Forward-looking information and statements contained in
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Company assumes no obligation to update or revise this
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applicable securities laws.
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is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this
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