(“SoC”) integrated circuits. Availability of the PDKs will enable early evaluation of the performance
advantages of POET technology and design of IP required for SoC implementation.
PTI has also recently applied for several key patents for the development of ancillary devices pertinent to the area of
quantum computing. This intellectual property is expected to play a strategic role in long-term development, rather
than having an impact on near-term deliverables.
PTI is actively working on multiple fronts related to technology milestones. The original target completion dates of
the “PET PDK” (originally called to “PET PTK”) was Q3 2014, and for both the “electrical 100-nm ring oscillator”
and the “50 GHz VCSEL” was Q4-2014. All timelines were extended to Q1-2015. These three milestones continue to
be POET’s primary focus while in parallel advancing on the IP monetization plan. Monetization possibilities are
progressing through the expanded agreement recently signed with BAE Systems and implementation of the
“Technology Roadmap Advisory Committee”, amongst other developments.
The original milestone timetable was developed based on time estimates for various technical issues to be resolved.
As these milestones expanded into new areas of development, the technical uncertainties encountered required a
greater effort to overcome than originally forecasted. Delays in research and development programs though not
desirable are not uncommon when boundaries of science are expanded.
Beyond purely technical issues, the UCONN team had to deal with significant issues related to a new piece of
equipment installed in late 2014 that was malfunctioning. This delayed the team’s progress in the last 3 months. The
issue was resolved in the last week of March 2015 with the root cause identified as an inappropriate installation by a
third party. Appropriate repairs to this equipment have been made.
The team is confident to complete the three milestones over the course of the next quarter.