A statement in the MD & A backs up your assessment of PET Oogee:

"Over 2012 and 2013, the Company recognized the need for and invested in new fabrication equipment to allow its technical staff to address technology and commercialization milestones. This new equipment has resulted in the ability to target milestones further down the roadmap than previously mapped. It has also enabled the Company to define and develop an important planar electronic technology (PET) subset of the POET platform, which has the potential to rapidly address specialized application niches in the semiconductor industry."

The above statement seems to indicate PET (the electronics side of POET) is ready to go. Maybe there is more work scaling and optimizing the design? I believe and I think Lee Shep. pointed out the electronics side of POET has tremendous value! Exciting stuff.