In an effort to keep all stockholders informed on a regular basis, and to conform to fair disclosure regulations in both Canada and the United States, the Company intends to communicate primarily through written business updates on a periodic basis, at least semi-annually, and to publish supplemental press releases as needed for the broad and timely dissemination of meaningful interim developments. The Company intends to adhere strictly to this policy for the benefit of all stockholders.
Commenting on the newly adopted policy, Thomas Mika, recently appointed Chief Financial Officer of POET Technologies, stated: "Over the past several months, the number of inquiries from stockholders and others that the Company and its Investor Relations firm, the Shelton Group, has received has risen dramatically. We recognize the importance in demonstrating progress to shareholders and interested investors, however, development activities in a technology-based company are not deterministic and outcomes cannot be readily predicted, timed or guaranteed. Evaluating technical progress often requires nuanced explanation or detailed engineering knowledge. Providing detail on confidential technical, strategic and sales efforts can inadvertently benefit potential competitors, and so the Company will refrain from answering such inquiries. Although we have encountered a number of challenges during the course of 2016, we have also made and continue to make meaningful progress on technology development and business objectives. We ask for your understanding, cooperation and support for the new communications and disclosure policy that we are announcing today."
