Thank you to InThisThinRain for raising the question and thanks to Fairchijisback for answering a very good question. There have been posters criticizing the company for developing the GaAs devices in 980nm when the market has chosen the 850nm wavelength for the industry. A question I have is under Dr. Taylor was the standard 980nm back then and/or has the market just recently shifted in the past two or so years to 850nm for GaAs devices?

As we all know, Suresh has evolved the roadmap to adjust for market changes as well over the years. If the standard for GaAs changed during POET's management transition in 2015 from 980nm to 850nm, then POET is not to be blamed at all. They have to follow the market standards if they were unable to set that standard first. Maybe they thought 980nm was to be the initial standard? Since 980nm is larger than 850nm, that possibly being the benchmark at that time made sense or it simply is something easier to work with for "proof of concept" before the real commercialization events were to take place.  The equipment at UCONN would probably have been cruder or more antiquated in relation the more modern equipment of FABS s in the open market (other publically listed FABS or even private companies somewhere on Earth). So in order to commercialize GaAs devices, POET had to migrater to 850nm sooner rather than later. Perhaps they tried to go to 850nm with Anadigics in mind, but POET had to abandon that when they got outbid for the company. That added to delays in advancing GaAs to commercialization and perhaps no customer wanted anything other than 850nm? I don't want to go into too much history as the idea of POET controlling their own destiny evolved since then and has been publically documented over several NRs.

The long and short of it is that I feel that POET knows absolutely what they are doing, but factors beyond their control got in their way and affected what was once thought to be reasonable timelines in the earliest version of their roadmap. Almost all seems to be much better on track now, and the fact that analyst coverage has started and now includes Morningstar as well, POET is now more publically on the map for the investment community. Quite frankly, I am excited that most of the cylinders are chugging along. Thank the Highest for the InP platform while the rest of the company roadmap executes going forward.

Monolithic