POET Wins
"Best Optical AI Solution" in 2024 AI Breakthrough Awards
Program
Prestigious
International Annual Awards Program Honors Standout AI and Machine
Learning Solutions and Companies
TORONTO,
ONTARIO, June 26, 2024 --
InvestorsHub NewsWire -- POET
Technologies Inc. ("POET" or the "Company")
(TSX Venture: PTK; NASDAQ:
POET), the designer and developer of the POET Optical
Interposer™, Photonic Integrated Circuits (PICs) and light sources
for the data center, tele-communication and AI markets, today
announced that it has been selected as winner of the
"Best
Optical AI Solution" award in the seventh annual
AI Breakthrough Awards program conducted by
AI Breakthrough, a leading market
intelligence organization that recognizes the top companies,
technologies and products in the global Artificial Intelligence
(AI) market today.
POET's breakthrough microchip solution, the
POET Optical Interposer™, enables optical communication using a
silicon-based hybrid-integration platform. The optical interposer
combines electrical and optical layers in a single chip for highly
integrated transceivers and enables the replacement of copper with
light-based optical data communication between chips in high-speed
computing.
"With POET's technology, AI hardware
developers can deploy next-generation networks that outperform
existing solutions, reduce costs, and improve power efficiency.
This is a period of high demand for 800G transceivers, and while an
optical engine is not a complete transceiver, it includes all but
one of a transceiver's major components, and it can represent well
over 50% of the cost," said Steve Johansson, managing director, AI
Breakthrough. "POET is powering the age of photonics with
innovative products that seamlessly integrate into existing
networking infrastructure and give developers the ability to build
high-speed and low-latency networks using an optical solution that
is highly scalable and at the desired cost structure."
The optical interposer platform is the
foundation on which POET designs its line of products, including
POET Wavelight™, a pluggable transceiver
that can be used for up to 2km of reach over single-mode fiber and
POET Starlight™, a source for multiple
wavelengths of light, powering external silicon photonics
modulators and managing the data flow among chips.
POET is also developing
800G and 1.6T optical transceiver modules in
collaboration with key customers and partners like Luxshare,
Foxconn Interconnect Technology and MultiLane Inc., and recently
initiated a 3.2T optical engine program with a major laser
supplier.
"Our vision is to enable the
semiconductorization of photonics. The low-cost integration scheme
and scalability of our POET Optical Interposer brings value to any
device or system that integrates electronics and photonics," said
Dr. Suresh Venkatesan, POET's Chairman and CEO. "Winning 'Best
Optical AI Solution' from AI Breakthrough validates our exclusive
focus on advanced optical engine, module and external light source
solutions for AI applications."
Johansson says the mission of the AI
Breakthrough Awards is to honor excellence and recognize the
innovation, hard work, and success in a range of AI and
machine-learning related categories. This year's program attracted
more than 5,000 nominations from over 20 countries. Along with
POET, other winners included Nvidia, AMD, and other notable
names.
For
a video of Dr. Venkatesan discussing more about POET's recognition
from the AI Breakthrough Awards, watch this interview published on
the Company's YouTube channel:
https://youtu.be/5FCxP4GdokI
About
POET Technologies Inc.
POET 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 AI
Breakthrough
Part of Tech
Breakthrough, a leading market
intelligence and recognition platform for global technology
innovation and leadership, the AI Breakthrough Awards program is
devoted to honoring excellence in Artificial Intelligence
technologies, services, companies and products. The AI Breakthrough
Awards provide public recognition for the achievements of AI
companies and products in categories including Generative AI,
Machine Learning, AI Platforms, Robotics, Business Intelligence, AI
Hardware, Computer Vision and more. For more information
visit AIBreakthroughAwards.com.
Tech Breakthrough LLC does not endorse any
vendor, product or service depicted in our recognition programs,
and does not advise technology users to select only those vendors
with award designations. Tech Breakthrough LLC recognition consists
of the opinions of the Tech Breakthrough LLC organization and
should not be construed as statements of fact. Tech Breakthrough
LLC disclaims all warranties, expressed or implied, with respect to
this recognition program, including any warranties of
merchantability or fitness for a particular purpose.
Forward-Looking
Statements
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
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"estimate", "propose", "project", "outlook", "foresee" or similar
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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
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of the Company's technology in current and future products and
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things, the size, future growth and needs of Artificial
Intelligence network suppliers, management's expectations regarding
the success and timing for completion of its development efforts,
the introduction of new products, financing activities, future
growth, recruitment of personnel, plans for and completion of
projects by the Company's 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
Artificial Intelligence networks to continue to grow as expected,
the failure of the Company's products to meet performance
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products, lack of sales by its customers to end-users, operational
risks in the completion of the Company's projects, risks affecting
the Company's ability to complete its products, the ability of the
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expectations reflected in the forward-looking information or
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or revise this forward-looking information and statements except as
required by law.
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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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