After having reread the NR of August 9 2016, it appears to me that there is a problem with the VCSEL, I am sure the problem will be solved but the question is how long will it take for it to be solved.
As I have underlined and bold below, the time frame given is two months which means it should be around October 9 2016, which is about the same time as the scheduled earning call. So we should be getting positive news around the earning call as mentioned by the CEO.
For those of us who are fixated on the SP it may stay this way until Mid-October IMHO.
Trini
From the August 9 2016 NR
“As reported earlier, we have encountered delays in completing the VCSEL milestone. The VCSEL continues to be our focus, even while we simultaneously make progress on other aspects of the technology. The characterization that has been done to date on the VCSEL points to required optimization of a few layers in a very complex and unique epitaxial stack and fine tuning of the resonant cavity mode. The new and optimized epitaxial structure is expected to be delivered to the foundry for processing over the next couple of months,” said Dr. Deshmukh. “We have not uncovered any fundamental show-stoppers. We are charting new territory here and as pointed out at the recent town hall meeting and at the annual meeting of shareholders, technical issues are commonly encountered throughout the R&D process and we are systematically understanding and addressing these issues.”
POET has already demonstrated electrical functionality of the VCSEL with desired thyristor characteristics and demonstrated lasing modes through optical pumping of the VCSEL cavity (in other words light emission was detected on the epitaxial wafer surface). However in order to enable electrical pumping of the VCSEL, the team has had to redesign some aspects of the epitaxial stack. VCSEL functionality was previously verified in a lab setting and the functionality of that original laser has been retested and reconfirmed.
“POET management is delighted to report this new achievement and reaffirms their confidence in the roadmap and progress in the lab to fab to commercialization of monolithic opto-electronic products. We will provide the next update around the earnings call, which we intend to schedule for early Q4 2016,” said Dr. Suresh Venkatesan.
