I'd rather say"near completion" is "revelant to" the situation.

It seems to be of lesser importance at this point in time as stated below.

The share price is driving us all crazy, self included, and we are all grasping at straws to maintain our sanity while we wait for good news to drive said share price at least high enough to offer some security. Patience will reward.

Milestone 5 - Switching Laser Demonstration at POET's R&D Labs. This milestone is near completion; it demonstrates a fast-signal controllable laser for standard optical fibre telecommunications applications. While the integrated POET switchable laser transmitter is a key differentiator to silicon technology, it is considered to demand less priority on resources, because of its low-risk for achievability, over milestones in our technical roadmap which have been deemed more important to our potential partners.