"Finally, the acquisition of DenseLight also provided POET with the means to receive an offer of support from the Economic Development Board (“EDB”) of Singapore to grow its R&D operations in Singapore. This significant support from the EDB will bring among other benefits, significant incentives to POET and its subsidiaries, DenseLight and BB Photonics, to reduce overall operating costs and to accelerate the Company’s growth through combined operations in Singapore. POET expects to gain meaningful leverage from Singapore-based research and development efficiencies, infrastructure, learning institutions, human capital, and strong high-technology manufacturing."
