POET and
Luxshare Tech Expand Product Offerings for Artificial Intelligence
Networks
TORONTO,
ONTARIO, August 1, 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 expanded its partnership with Luxshare
Technology Co. Ltd. ("Luxshare Tech") to provide more optical
module products targeted at AI network equipment and AI service
providers. Luxshare Tech is a global leader in
providing technology for data-communication facilities and
enterprise-level products for some of the largest companies in the
world.
Luxshare Tech and POET agreed to produce
additional types of optical transceiver modules following the
successful completion of the testing of 800G 2xFR4 OSFP modules
using POET's receive optical engines. These modules showed
exceptional performance, which prompted Luxshare Tech and POET to
adopt a broader range of POET's optical engines into the Luxshare
offerings.
The additional products will include POET's
transmit and receive optical engines for Luxshare's 400G and 800G
pluggable transceivers for single mode fiber applications. These
state-of-the-art transceivers will combine POET's industry-leading
100G/lane and 200G/lane optical engines with Luxshare Tech's
advanced optical module designs. The
optical modules will be manufactured and sold globally by Luxshare
Tech.
"Luxshare Tech is committed to providing
our current and prospective customers with high-performance,
low-cost transceivers and modules that deliver the power savings
that are coveted by AI developers, data center hyperscalers, and
the computing industry," said Mike Gao, general manager of Luxshare
Tech's Opto-electronic business unit. "POET's interposer-based
optical engines have surpassed our expectations, and we anticipate
that this partnership will continue to impress our customers. The
solutions we are working on will deliver faster and more
energy-efficient data communications within the next
year."
Selected POET optical engines will be
integrated into existing Luxshare Tech products that are already on
the market. Along with the 800G 2xFR4 OSFP module,
Luxshare Tech is developing a series of DSP-based and linear
pluggable optics products for 400G and 800G speeds using POET's
optical engines. These multiple projects will generate complete
solutions that include transmit and receiver engines that are built
on the POET Optical Interposer™ platform technology.
"We are delighted to deepen this
partnership with Luxshare Tech to bring to market products that are
hotly demanded by AI and datacom customers," POET Chairman and CEO
Dr. Suresh Venkatesan said. "To have one of the largest companies
in our industry acknowledge the value that POET brings to their
supply chain is validation of the commercial appeal of our
products. POET has never been in a better position to see our
disruptive platform technology deployed broadly in the
marketplace."
About
POET Technologies Inc.
POET is a design and development company
offering high-speed optical engines, light source products and
custom optical modules to the artificial intelligence systems
market and to hyperscale data centers. POET's photonic integration solutions are
based on the POET Optical Interposer™, a novel, patented platform
that allows the seamless integration of electronic and photonic
devices into a single chip using advanced wafer-level semiconductor
manufacturing techniques. POET's Optical Interposer-based products
are lower cost, consume less power than comparable products, are
smaller in size and are readily scalable to high production
volumes. In addition to providing high-speed (800G, 1.6T and above)
optical engines and optical modules for AI clusters and hyperscale
data centers, POET 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. POET's Optical Interposer platform also
solves device integration challenges across a broad range
of communication, computing and sensing
applications. POET
is headquartered in Toronto, Canada, with operations in Allentown,
PA, Shenzhen, China, and Singapore. More
information about POET is available on our website
at www.poet-technologies.com.
About Luxshare Technology Co., Ltd.
Luxshare
Technology Co., Ltd. ("LuxshareTech")
is a global designer and manufacturer of cable, connector, module
assembly and sub-system solutions for consumer, automotive, cloud,
and enterprise applications. Dedicated to flexible design, agile
manufacturing, and collaborative partnerships, LuxshareTech works
with technology leaders to create innovative solutions that
transform industries. LuxshareTech is a subsidiary of Luxshare
Precision Industry Co., Ltd. (002475.SZ), which was founded in 2004
and is based in Dongguan, China. Learn more at http://en.luxshare-tech.com
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 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, including the successful
penetration of the Artificial Intelligence hardware
markets.
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 artificial
intelligence and other markets. 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 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 applicable securities laws.
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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