http://poet-technologies.com/wp-content/uploads/2014/01/NR-20Jan2013-PellegrinoUpdate.pdf

In recalculating the value models, Pellegrino and Associates will be performing a regression analysis of the key value drivers
associated with each of the value models including:

• the general computer marketplace;
• the ability to close a deal successfully;
• the ability to execute strategy in the various originally and currently anticipated markets for the POET Technology;
• the ability to successfully conclude a renegotiation of the amount of the UConn royalty on more favorable terms which is currently in progress; and
• the ability to develop a fully functioning product in the shortest amount of time.

It is anticipated that the refreshed valuation report will take approximately 3 to 4 months for completion and review. IT IS EXPECTED TO PROVIDE USEFUL INFORMATION AND BE A BENEFICIAL AID, ALONG WITH MANY OTHER INTERNAL MANAGEMENT TOOLS, TO ASSIST THE COMPANY IN ASSESSING MARKET POTENTIAL AND ACHIEVING ITS GOAL OF COMMERCIALIZATION OF THE POET TECHNOLOGY.