- POET Technologies (PTK) has announced an agreement with Beijing FeiYunYi Technology to design optical engines for deployment in optical modules
- The two-year agreement, valued at up to $1 million, includes an initial purchase order for 10,000 units
- POET has committed to designing a single-chip optical engine solution called “POET ONE” for BFYY’s initial product offering
- POET Technologies is a design and development company facilitating the integration of electronic and photonic devices into a single multi-chip module
- POET Technologies Inc. (PTK) opened trading at C$5.69
POET Technologies (PTK) has announced an agreement with Beijing FeiYunYi Technology Ltd. (BFYY)
POET will design optical engines for deployment in optical modules in the telecom market globally, starting with China.
The two-year agreement, valued at up to $1 million, includes an initial purchase order for 10,000 units that will be used for customer sampling. BFYY was recently formed to sell modules that use POET-designed optical engines sourced from POET’s joint venture company, Super Photonics Xiamen (SPX). With strong connections to the telecom industry in China, BFYY is investing in assembly facilities to build, market, and sell modules that will be competitive in the data center market, with a specific focus on large telecom service providers.
As part of the agreement, POET has committed to designing a single-chip optical engine solution called “POET ONE,” which incorporates complete transmit and receive functionalities for implementation in a 100G optical transceiver for BFYY’s initial product offering. The single-chip solution will offer performance advantages and minimize the transceiver design cycle time for BFYY. In addition to the cost benefits of POET’s wafer-scale assembly, the single-chip solution will enable BFYY to ramp up to high-volume production. BFYY has projected optical engine purchases from SPX to exceed $30 million over a three-year period.
“The number of 5G and Fiber-to-the-Home (FTTH) subscribers in China is growing considerably. To keep up with the bandwidth demand, several major service providers are exploring ways to transform their networks,” said Wei Zhang (Wesley Zhang), CEO of BFYY.
“Top-tier service providers in China believe that transceivers with POET’s Optical Interposer technology can provide a cost-effective and scalable solution to achieve their network automation goals. BFYY plans to utilize its transceiver design and manufacturing capabilities along with the benefits of POET’s integration platform to quickly ramp up to high-volume production.”
“We are excited to work with BFYY on this initial product and plan to leverage their capabilities and business relationships with service providers to be part of the network transformation journey in China. We will continue to offer differentiated solutions to our customers for high-speed optical communications in data and telecommunications markets,” said Vivek Rajgarhia, President and GM of POET and Vice-Chairman of SPX.
POET Technologies is a design and development company that facilitates the integration of electronic and photonic devices into a single multi-chip module.
POET Technologies Inc. (PTK) opened trading at C$5.69.