Given the increase of newly joined posters who raise doubts that have previously been dealt with I though it worth re-examining recent POET publications with a view to answering these doubts. The execises has been interesting and I would encorage new arrivlas to get to grips with the primary DD sources published by POET Techologies on its web site and referenced here in the many links.

References:

1. http://www.poet-technologies.com/wp-content/uploads/2013/07/POET-AIF2014-4Aug15.pdf

One of particular document of note is reference A. which I would recommend reading again is the Annual Information Form. I highlight the AIF because it is dated the 24thof July 2015. Whilst it is a backward looking, the date of publication indicates to me that it is current management thinking and therefore a good source to determine just what the company plan is.Pages 9 and 10 are must reads.

Below are extracts, I have deliberately excluded the cautionary section included in the original, but please don’t ignore the cautions as I have.Incidentally, the concerns about brittleness has been discussed here before and dismissed by GT.

The highlights are mine and pertinent notes (Note #n) which are below each of the extracts

Extracts:

ONE - Corporate Overview

The Company is a fabless semiconductor company developing a novel semiconductor technology called POET which is anticipated to allow the integrated fabrication of digital, analog and optical components on a single integrated circuit (“IC” or “die”), a capability that is not offered by the processes and materials commonly used in the industry today.(Note 1)

The POET platform allows the simultaneous fabrication of electronic and optical devices monolithically on a single chip, an achievement that has not yet been accomplished using the silicon-based technologies currently dominating the market (Note 2).Key benefits of the ability to integrate electronic and optical devices are anticipated to include: (i) faster speeds; (ii) increased output power; (iii) decreased need for cooling; (iv) greater reliability; and (v) total system cost reductions.With POET’s materials system incorporating periodic table element groups III, IV and V (“Group III-V”), we expect to be able to pack active optical elements and high performance electronic elements in a single IC built on a GaAs wafer.

POET is being developed to be differentiated from competing semiconductor processes by its more comprehensive set of functional capabilities and its ability to integrate them. (Note 3)Unlike existing processes which require the use of multiple chips, circuit boards or sub-systems being linked together by either physical snap connections or multiple cable connections that (i) produce the potential for multiple points of failure, (ii) require more space, increasing the physical end product size and (iii) require greater amounts of power with the attendant production of excess heat, thus demanding additional space for cooling and ventilation, we anticipate that POET will be able to integrate lasers, modulators, photo-receivers and passive optics as well as high-speed, low-power electronics on one monolithically fabricated die.This would allow POET ICs, when fully developed, to demonstrate a lower cost structure, increased power savings and increased reliability.(Note 4)

Notes:

1. For those who are concerned about POET’s performance over other company’s initiatives. The statements are clear that POET is unique from the Company’s point of view.

2. Ditto the above at 1.

3. This statement shows the intention to differentiate the POET process from others in the way that poet devices (the LEGO blocks) can be built and integrated monolithically on one chip.I understand that they can be stacked- (please correct otherwise)

4. For savings read cheaper to build and run.

TWO - Research and Development Activities

We are currently conducting research and development for the POET platform, which allows for the construction of semiconductors with the potential to service a wide array of devices.We have been awarded more than a dozen U.S. Department of Defense and National Aeronautical and Space Administration’s (“NASA”) Small Business Innovation Research (“SBIR”) grants since 2000, which have supported the initial development of the POET process, infrared sensing technology, sensor/laser development and the combination of electronic circuits and lasers on the same microchip.In 2014, we eliminated the use of SBIR grants in order to focus on developing and monetizing the technology.We have produced working device prototypes in our development laboratories at the UConn campus to prove the functionality of the POET process. (Note 5)

We are now transitioning the device technology into development of a completely integrated platform, utilizing funds provided from our general funds and facilities provided by a foundry development partner.Throughout the transition process, we will continue to use our UConn research and development facility, BAE’s facility or other such foundry facilities, in our effort to produce scalable commercial IC prototypes. (Note 6)We are working to produce a functional IC, although no assurances can be given that such project will be completed on a timely basis, if at all.These prototypes are targeted to demonstrate our position as a sole source provider meeting specific product application needs and are anticipated to be used to help initiate our marketing efforts.

We conduct most of our own research and development activities through our facilities on the UConn campus in Storrs-Mansfield, Connecticut.In addition, we will contract specific projects with third-party research and development organizations, such as BAE. (Note 7)

Notes:

1. I take this as evidence that we already have prototypes often doubted by some.

2. Again this points to the special relationship with BAE when and where specialist toolsets are required.

3. The BAE special relationship yet again but particularly note ‘specific projects with third party R&D’this is where I believe Alfalight might come in and where all the new recruits may be required as POET investment in an Alfalight project to adopt POET devices.

Conclusion

The company’s own documentation shows that the PIC process is unique and competitive, and that POET R&D on its devices is well down the line and engaging with third parties. The advantages of POET are spreading in the community.

sula