So we have a satellite office already and POET is negotiating, as we speak, for a permanent office in Silicon Valley :-D HUGE HUGE HUGE HUGE HUGE
DEFINITION OF 'SATELLITE OPERATION '
A small office in a different location from a company or government agency's main office. Reasons for opening a satellite operation may include reaching an underserved area, expanding market share and lifestyle/quality of life factors for employees. Satellite operations can be used in all kinds of businesses, such as doctor's offices, Department of Motor Vehicles offices, political offices and corporate offices.
http://www.investopedia.com/terms/s/satellite-operation.asp
"The reasons for opening a satellite office are as varied as the types of satellite offices. Some firms follow clients to a location. Others head to a location to woo the clients. Satellite offices may be temporary homes of convenience, or strategic locations selected to build the firm for the future. Sometimes they arise when opportunity that can’t be ignored comes knocking."
http://www.lawyersweekly.ca/index.php?section=article&articleid=1949
The company has recently established a satellite office in Silicon Valley, San Jose, Calif. Mr. Gagnon notes: "We are excited to finally have an interim office in Silicon Valley while negotiations are under way for a permanent office. It is important to have a presence in the Valley because the majority of our potential customers and partners are located there. Our executive vice-chairman, Ajit Manocha, is based in the heart of the Silicon Valley and is already active in engaging with potential strategic partners and stakeholders."
http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aPTK-2220059&symbol=PTK®ion=C
cheers
