POET
Technologies Introduces "POET
Starlight" for the
Artificial Intelligence Market and Receives Advanced Purchase Order
from Celestial AI
Toronto,
Ontario, April 25, 2023 --
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
"POET Starlight™",
a packaged light source solution for AI applications. POET has
entered into an agreement with Celestial AI, creators of the Photonic
FabricTM,
for development and production of POET Starlight
packaged light sources and has
received an advanced purchase order for initial production
units.
"POET's Starlight
chips and its technology roadmap are complementary to our advanced
silicon photonics and system-in-package technologies," said Preet
Virk, Co-founder and COO of Celestial AI. "We
are pleased to continue our collaboration with POET Technologies,
building on its optical interposer technology to enable us to meet
our performance, scale, and cost targets."
The POET Starlight
products are packaged light
engines based on POET's LightBar™ platform, which recently earned
industry praise when it was demonstrated at OFC. Chip developers are working to redesign the
core of computer architecture to incorporate light for
communication among chips or to perform complex computations, all
in an effort to eliminate the bandwidth and power-efficiency
bottlenecks inherent in electronic devices. Each such chip requires one or more light
sources able to provide several frequencies of light integrated
into the fabric of the device.
POET's Starlight
products integrate active
components like lasers and certain other passive optical and
electrical components into the optical interposer to provide a
complete light source solution that can be integrated on a host
board and connected to chips and ASICs with built-in silicon
photonics.
POET achieves its low-cost
solution through the use of features and benefits of the POET
Optical Interposer platform and the "semiconductorization" of
photonics fabrication processes.
"External light sources for
Artificial Intelligence applications has been one of the key
verticals for POET Technologies. We are delighted to continue to
work with Celestial AI to provide a high-volume manufacturable
solution for their optical interconnect technology platform," said
Dr. Suresh Venkatesan, Chairman and CEO of POET
Technologies. "The ability for POET to passively attach
high power CW lasers on its optical interposer at wafer scale
enables the use of single known-good laser chips and eliminates the
need for laser arrays which can be cost prohibitive for high-volume
applications. The POET team has worked closely with Celestial AI to
define a low-cost packaging solution that is up to 75% lower in
cost than competing solutions and is highly scalable for the
volumes that Celestial AI is projecting."
POET's
Starlight
C-Band
and O-Band LightBar products incorporate monolithically integrated
passive components like multiplexers, demultiplexers, splitters,
combiners, and waveguides. Known-good high power CW lasers and
monitor photodiodes are flip chipped and passively attached to the
optical Interposer platform. POET expects to complete design
verification testing and reliability qualification of the
Starlight
engines
by the end of 2023 and start production in the second half of 2024.
The AI chip market is projected by Allied Market research to reach
$263 billion by 2031.
A recorded
interview with POET's Senior Vice President
– Product Line Management, Raju Kankipati, called "POET Starlight Announced as Part of AI
Hardware Partnership", can be found on the
Company's YouTube channel using this
link: https://youtu.be/Ky6t8UdLaqU.
It will also be available on the Company's
website later in the day.
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 Celestial AI
Celestial AI is the
creator of Photonic Fabric™, the optical interconnect technology
platform enabling disaggregation of memory and compute for next
generation data centers.
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 the success of
the Company's announced products and those of its
customers.
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 success of the
Company's announced products, the timing of completion of its
development efforts, the successful implementation of its light
source products, the success of its customer's products, the
capabilities of its
operations, including its joint venture, to correctly gauge market
needs and to produce products in the required amounts and on a
timely basis. Actual results could differ materially due to a
number of factors, including, without limitation, the failure of
its products to meet performance requirements, the failure to
produce products on a timely basis or at all, the failure of its
light source engines to be incorporated into its customer's AI
products, the failure of its customer's products to achieve market
penetration, operational risks including the ability to attract key
personnel, and the ability to raise additional capital. 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 reliance
on forward-looking statements because the Company can provide no
assurance that such expectations will prove to be correct.
Forward-looking information and statements contained in this news
release are as of the date of this news release and the Company
assumes no obligation to update or revise this forward-looking
information and statements except as required by law.
Neither TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this
release.
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Fax: 416-322-5075