Home Networking company POET Technologies will provide Celestial AI with its optics

POET Technologies will provide Celestial AI with its optics

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TORONTO, Feb. 10 2022 (GLOBE NEWSWIRE) — POET Technologies Inc. (“POET“or the”Society” (TSX Venture: PTK; OTCQX: POETF), the designer and developer of the POET™ optical interposer and photonic integrated circuits (PIC) for the data center and telecommunications markets, today announced that it has entered into an agreement with Celestial AI will provide multi-laser integrated external light source (ELS) modules using its advanced packaging platform based on the POET optical interposer. The agreement includes a contract for the continued development of the platform, as well as a purchase order for initial quantities of the advanced modules.

Celestial AI is an artificial intelligence accelerator company that has a proprietary technology platform that enables the next generation of high-performance computing solutions. Celestial AI’s mission is to fundamentally transform computing efficiency with its Photonic Fabric™ technology platform, which uses light for the movement of data both within and between chips. “The custom optical interposition platform we co-developed with POET is one of the most advanced of its kind in high-speed computing,” said David Lazovsky, Founder and CEO of Celestial AI. “POET’s lightweight motors provide us with precision optical power sources in a highly integrated form factor that meet the demands of our Orion AI accelerator products.” Celestial AI’s Orion AI acceleration products serve the AI ​​chipset market which Omdia predicts will exceed $70 billion in 2025.

“We are truly excited to take the next step with Celestial AI, one of the leading technology companies in this burgeoning field, to create a highly differentiated way to co-package electronics and photonics and help overcome challenges fundamentals of speed and power faced in high-performance computing,” said Dr. Suresh Venkatesan, CEO of POET Technologies. “The challenges of this application are precisely those that the POET optical interposer was designed to overcome. They are the same ones that datacom and telecommunications companies face when looking to consolidate electronics and optics and achieve data transmission speeds of 3.2 and 6.4 Tbs over a number of channels with multiple wavelengths, with lower power consumption and higher stability. The multi-laser integrated external light source developed for this application has direct applicability to other sensing and data communication products.

About POET Technologies Inc.
POET Technologies is a design and development company providing integration solutions based on the POET Optical Interposer™, a novel platform that enables the seamless integration of electronic and photonic devices into a single multi-chip module using advanced wafer-level semiconductor fabrication techniques and packaging methods. POET’s optical interposer eliminates costly components and the labor-intensive assembly, alignment, run-in, and test methods used in conventional photonics. The cost-effective 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 fastest growing areas of computing, such as intelligence artificial intelligence (AI), 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 can be obtained at www.poet-technologies.com.

This press release contains “forward-looking information” (within the meaning of applicable Canadian securities laws) and “forward-looking statements” (within the meaning of the US Private Securities Litigation Reform Act of 1995). These statements or information are identified by words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “potential”, “estimate”, “propose”, ” project”, “outlook”, “anticipate” or similar words suggesting future results or statements regarding any potential results. These statements include the Company’s expectations regarding the success of the Company’s product development efforts, its co-development efforts, the performance of its products, the expected results of its operations, the achievement of revenues and the expectation of continued success in funding the Company’s technology efforts, capacity, functionality, performance and cost as well as market acceptance, inclusion and timing of the technology of the Company in current and future products.

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 success and timing of its development and co-development efforts, financing activities, future growth, recruitment of personnel, opening of offices, the form and potential of its joint venture, the plans and completion of projects by the Company’s third-party consultants, contractors and partners, the availability of capital and the need to incur capital and other expenditures. Actual results could differ materially due to a number of factors, including, but not limited to, failure of its co-development projects, failure of its products to meet performance requirements, lack of sales of its products, once launched, operational risks in the completion of the Company’s planned projects, lack of performance of its joint venture, recruitment delays for its newly opened operations or changes in plans regarding the development of the Company’s planned projects by third parties, risks affecting the Company’s ability to execute projects, the Company’s ability to generate sales for its products, the ability to attract key personnel and the ability to raise additional capital. Although the Company believes that any expectations reflected in any forward-looking information or statements are reasonable, prospective investors in the Company’s securities should not place undue reliance on any forward-looking statements, as the Company cannot guarantee that such expectations will prove to be correct. . The forward-looking information and statements contained in this press release speak as of the date of this press release, and the Company undertakes no obligation to update or revise such forward-looking information and statements, except as required by law.

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