Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

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Comparing the last two news releases as regards new appointments reveals a change in timings from ‘the later part 2015’ to ‘over the next few months’. See both NR below:

17 Nov 14

The Board has set a target of early 2015 to appoint the new CEO for the Company and a few other senior executives during the latter part of the year 2015. Mr. Copetti noted: “This is an important step forward for the Company as we get ready to demonstrate our technology at smaller geometries like 100 and 40-nm. I am happy with our current financial and technical position and I feel this is a good time to further strengthen the management team with a permanent CEO.”

8 Jan 15

In addition, over the next few months, the Company intends to add directors, key executives and operational staff focusing on increasing POET’s presence in the United States.

For me bringing forward the date for making these appointments is a significant change in plans; Firms hire new people to get things done because they plan to increase output, e.g. manage new contracts. It would not be unreasonable to assume that a new contact which was envisaged later in 2015 now has sufficient substance for the project plan to start earlier than previously thought. This is a very positive indication.

It’s stated that the new guys are for ‘increasing presence in the United States’, one wonders if there is a particular facility that this increase is aimed at?

sulasailor

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