The most recent form 20-F states "We currently expect to produce a functional integrated circuit by June 2014" This is probably the prototype CC is refering to. A funcitional integrated circuit should have millions or billions of transistors on one chip.

I am speculating our partner needs to see this before signing off on the MS-8??(if I was in charge I would want to see a functional IC before signing on the dotted line) A functional 100nm IC that would power a device, that should turn some heads. The timelines match up with 100nm for Q2. I like to think we have scaled down to 100nm and are attempting to build a integrated circuit that will be used in a device to please our partner. It is one thing to build a 100nm transistor but it is another thing to design and build a integrated circuit with billions of transistors to power a device. Maybe this is why it is taking so long? That could be a nice surprise news release- Poet builds 100nm IC with the following performace specs and Poet officially declares "Silicon is dead".