- POET Technologies stock (TSXV:PTK) is reaching for the sky after announcing the completion of three orders from global technology leaders for samples of its optical engines
- The company’s high-speed optical modules, optical engines and light source products are bringing newfound efficiency to the artificial intelligence and hyperscale data center markets
- POET Technologies stock has added 325.68 per cent year-over-year and 100 per cent since 2020
POET Technologies stock (TSXV:PTK) is reaching for the sky after announcing the completion of three orders from global technology leaders for samples of its optical engines.
The engines, assembled at POET’s production facility in Malaysia, are based on the company’s Optical Interposer technology, which offers lower-cost and more scalable data processing in high-growth areas such as artificial intelligence, the Internet of Things, autonomous vehicles and high-speed cloud networks.
POET expects to receive production orders from these clients in the second half of 2025 as it continues ongoing work with existing clients like Mitsubishi and Foxconn Interconnect Technologies to grow market share.
According to Thursday’s news release, demand in the categories the engines fall under could reach 100 million units combined over the next five years.
Leadership insights
“Each of our customers has expressed intense enthusiasm for the results they have seen from POET’s integrated, chip-level solutions,” Raju Kankipati, POET Technologies’ chief revenue officer, said in a statement. “The sampling of the transmit engines is the final piece that allows our customers to complete their modules and get them qualified. We are increasingly a vendor of record for these enterprises and that is how we know we are on the right track for wider adoption and greater commercial success.”
“POET’s advantages of cost, reliability and power efficiency have gained the trust of industry leaders who look to our Optical Interposer-based product portfolio for solutions that can power AI development and improve optical networking,” added Suresh Venkatesan, POET’s chairman and chief executive officer.
About POET Technologies
POET‘s high-speed optical modules, optical engines and light source products are bringing newfound efficiency to the artificial intelligence and hyperscale data center markets.
POET Technologies stock (TSXV:PTK) is up by 13.92 per cent on the news trading at C$6.30 as of 11:32 am ET. The stock has added 325.68 per cent year-over-year and 100 per cent since 2020.
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(Top image of POET Technologies’ Optical Interposer and logo: POET Technologies)
