POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK;
OTCQX: POETF), the designer and developer of the POET Optical
Interposer and Photonic Integrated Circuits (PICs) for the data
center and tele-communication markets, announced that it has
completed design of a 100G LR4 (4 channel Long Reach) optical
engine with a reach of 10km (kilometers) for client-side
interconnects to data centers, enterprises and edge computing
networks.
Of the five common types of 100G transceiver
modules found within the data center, two types - CWDM4 and PSM4
are targeted at data communications up to 2km. SR4 (500m), LR4
(10km) and ER4 (40km) are the other types typically specified for
100G data communications. POET’s focus on CWDM4 and LR4 designs is
based on its unique and differentiating capability to integrate a
fully monolithic 4-channel multiplexing and demultiplexing
functionality directly into its waveguides, avoiding the costly
requirement to align and couple additional devices into a
transceiver module. POET’s LR4 design converts 4 input channels of
25Gb/s electrical data into 4 LAN WDM (wavelength division
multiplexing) optical signals and then multiplexes them into a
single channel for 100Gb/s optical transmission along a single
fiber. PSM4 and SR4 transceivers are not multiplexed and so require
4 parallel fibers, which are especially costly over distances of
2km to 10km. Although completing separate designs for
TX (transmit), RX (receive) and combination TX-RX optical engines
(see accompanying link to TX-only graphic), POET intends to focus
first on the TX design, which offers significant cost and
performance advantages, and represents a fast go-to-market approach
for the Company.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/aa40795e-d11f-49eb-b95d-d1753d5ff251
Commenting on the new POET design for 100G LR4,
Vivek Rajgarhia, the Company’s President and General Manager said:
“A 100G LR4 transceiver sells for about 2X to 3X the price of a
100G CWDM4 module, due to its higher complexity and performance
requirements. POET’s integrated monolithic multiplexer
significantly reduces the cost of the optical engine allowing us to
provide a savings to customers in the range of 25%. By
flip-chipping 4 DML lasers onto an Optical Interposer with
inherently superior thermal management and the ability to tune the
waveguides to specific center wavelengths, we are able to design an
optical engine that uses 10% to 15% less power to deliver data at
the same speed and over the same distance as comparable modules.
Further, because of the small size of the optical engine, we
anticipate seeing potential novel applications of this technology
from customers. Since we have had the LR4 Optical Interposer wafers
in fabrication since December, we expect to be able to deliver
Alpha samples to customers in the third quarter of 2021. Deploying
an LR4 design in a short time after the CWDM design exemplifies the
power of our platform approach as major elements of the CWDM
interposer design are reused in the LR4 derivative.”
As the standard for interconnects to long-haul
networks, 100G LR4 transceivers are purchased in high volumes by
telecom equipment providers and are not being replaced by 400G
transceivers even as speeds in long-haul networks increase. In an
April 2021 client webinar by LightCounting, shipments in 100G LR4
modules were forecasted to be essentially stable at approximately 4
million units annually from 2021 through 2026, with prices having
stabilized as a result of there being no room left for cost
reductions using the traditional manufacturing approach for these
devices. This cost barrier and the high power consumption of
current transceiver designs allows POET to provide competitive
designs for this segment which represents a second large market
opportunity for POET, complementing its previously announced 100G
CWDM designs.
Powering these optical engines will be 25Gb/s
Directly Modulated Lasers (DML) from Sanan Integrated Circuits
(SAIC), which has incorporated POET’s interposer compatibility
requirements into their line of LR4 DML lasers. These lasers have
been independently tested and validated to operate to LR4
specifications and are already in their qualification phase. SAIC
will also be sourcing the monitor photodiodes and the high-speed
photodiodes which rounds out the bill of materials for the optical
engine. Assembly, manufacture and sales of these optical engines
will be accomplished through POET’s joint venture with SAIC, Super
Photonics Xiamen (SPX). SPX has accepted delivery of the first of a
kind equipment set for the assembly of optical engines based on
POET’s Optical Interposer and will be actively engaged in the
assembly of POET’s Alpha optical engine prototypes later this
quarter. POET and SPX are working with two Alpha customers today
and the design win funnel has been active with increasing demand
for both standard and custom designs for LR4 optical engines.
“Beyond The Press Release”
POET Technologies goes “Beyond The Press
Release” to discuss today’s news. Shareholders and other interested
parties are encouraged to check back at the following link before
market open on the morning of Friday April 23,
2021.https://agoracom.com/ir/POETTechnologies/forums/discussion/topics/759484-poet-technologies-goes-beyond-the-press-release/messages/2312957#message
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 and
Singapore. More information may be obtained at
www.poet-technologies.com.
Shareholder Contact for POET:Shelton GroupBrett L.
Perrysheltonir@sheltongroup.com |
Company Contact for POET:Thomas R. Mika, EVP &
CFOtm@poet-technologies.com |
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 product
development efforts, the performance of its products, the expected
results of its operations, meeting revenue targets, and the
expectation of continued success in the financing efforts, the
capability, functionality, performance and cost of the Company’s
technology as well as the market acceptance, inclusion and timing
of the Company’s technology in 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 success and timing for
completion of its development efforts, financing activities, future
growth, recruitment of personnel, opening of offices, the form and
potential of its planned joint venture, plans for and completion of
projects by the Company’s third-party consultants, contractors and
partners, availability of capital, and the necessity to incur
capital and other expenditures. Actual results could differ
materially due to a number of factors, including, without
limitation, the failure of its products to meet performance
requirements, lack of sales in its products, once released,
operational risks in the completion of the Company’s anticipated
projects, a delay or abandonment of its planned joint venture,
delays in recruitment for its newly opened operations or changes in
plans with respect to the development of the Company’s anticipated
projects by third-parties, risks affecting the Company’s ability to
execute projects, the ability of the Company to generate sales for
its products, 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.
120 Eglinton Avenue, East, Suite 1107,
Toronto, ON, M4P 1E2- Tel: 416-368-9411 - Fax:
416-322-5075
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