POET Technologies Inc.

February 10th, 2015:

The Company completed its “3rd Party Foundry” 40/100-nm transfer milestone consisting of completing the critical layers of the Transistor Fabrication Process. This flow process will allow the Company to generate more complex prototypes and test structures. As the POET process node size shrinks, this facilitates new industry innovations and furthers development work. This new epitaxial flow process includes new innovations in the POET prototype fabrication process. These innovations were necessary to continue the optimization work of the 100 and 40-nm foundation devices of our technology.

March 30th, 2015:

Dan DeSimone, Chief Technical Officer noted: “This is a significant step for our “lab-to-fab” transition where this new flow at our “3rd Party Foundry” accelerates and adds repeatability and quality to our manufacturing process necessary for our next two significant milestones expected at the end of Q1: a 100-nm ring oscillator and a 50 GHz VCSEL.”

“The POET technology incorporates silicon processes into GaAs integrated circuits, producing multifunction chips such as photonics and electronics that will provide enhanced commercial and military products,” said Dr. P.C. Chao, Technical Director at BAE Systems. “Working with BAE Systems will enable the acceleration and maturation of the POET fabrication process for a faster prototype demonstration and a smoother transition to manufacturing.”

Mr. Daniel DeSimone, POET’s Chief Technology Officer noted: “Our agreement with BAE Systems is a significant step in our “Lab-to-Fab” transition. BAE Systems has a long history of high quality manufacturing with III-V materials, and brings process development expertise and manufacturing discipline to the relationship. We have collaborated with BAE Systems numerous times over the last 2 years, most recently to successfully transfer our most critical process loop into their facility. Encouraged by this track record, we are excited to be extending this collaboration to develop the full flow on 3-inch and later 6-inch wafers.”


Is POET working with BAE and GloFo at the same time? Are they working on different components perhaps? Is BAE supplying Apple and GloFo with prototypes to play with maybe?

If Apple is involved, I would imagine GloFo being involved in the supply chain but then again maybe they're not involved at all at this time? Or they're working together? Any theories out there? A month ago I would of placed a bet on the involvment of GF, now I'm confused.

And on another note:

“This is a significant step for our “lab-to-fab” transition where this new flow at our “3rd Party Foundry” accelerates and adds repeatability and quality to our manufacturing process necessary for our next two significant milestones expected at the end of Q1: a 100-nm ring oscillator and a 50 GHz VCSEL.”

The R-O and VCSEL are still reported to be expected at the end of Q1. This news release sounds like it was written maybe a month ago? Why would you re-iterate Q1 when you release a NR on March 30th?

If you annouce on March 30th the completion of a critical layer that was essential to the completion of your Milestones due at the end of Q1 and your press release is dated March 30th and you re-iterate the Q1 timeline.. what does that mean?

Another news release today maybe?