- POET (TSXV:PTK; NASDAQ:POET), a stock specializing in artificial intelligence and data centre technologies, has signed a deal with a global capital markets firm to develop a new optical engine for high-frequency securities trading
- The project seeks to push the leading edge of securities trading technology
- POET offers high-speed optical modules, optical engines and light source products to the artificial intelligence systems and hyperscale data center markets
- POET Technologies stock has added 279.89 per cent year-over-year and 86.30 per cent since 2020
POET (TSXV:PTK; NASDAQ:POET), a stock specializing in artificial intelligence (AI) and data centre technologies, has signed a deal with a global capital markets firm to develop a new optical engine for high-frequency securities trading.
The multi-phase project seeks to increase speed and decrease latency in transceiver solutions currently powering the securities trading industry. Transceivers convert digital electrical signals into light waves that can be transmitted over optical fibers with higher data density, reliability and cost-effectiveness than copper wire.
Phase one will see POET design prototypes of Optical Interposer–based transceiver engines to the client’s specifications. Subsequent phases will iterate towards a production-stage optical engine.
POET’s Optical Interposer is a platform that allows electronic devices to communicate with one another. It uses wafer-level semiconductor manufacturing to integrate electronic and photonic devices into a single chip, leading to lower costs and energy consumption compared to legacy technology.
Leadership insights
“We are delighted to have embarked on this ambitious project with a global leader in high-frequency trading,” Raju Kankipati, POET Technologies’ chief revenue officer, said in a statement. “This project generates revenue for POET this year and demonstrates the versatility of the POET Optical Interposer and the entry into a new, related market space by the company.”
About POET Technologies
POET offers high-speed optical modules, optical engines and light source products to the artificial intelligence systems and hyperscale data center markets.
POET Technologies stock (TSXV:PTK) last traded at C$6.80 per share. The stock has added 279.89 per cent year-over-year and 86.30 per cent since 2020.
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(Top photo of POET Technologies AI hardware: POET Technologies)
