Reminder: Key Points in March 5, 2018 News Release (Very Significant)
posted on
May 20, 2018 10:31AM
* the MOU is aimed at rapidly commercializing a series of advanced multichannel (100/400G) transmit and receive devices for the datacom markets and low-cost single channel (10/25G) products for telecom applications. POET will be providing engineering samples of its optical engines to Accelink on a preferred basis for internal testing and initial qualification.
* the MOU outlines a path for mutual cooperation with the objective of developing, qualifying and selling a family of transceiver products based on POET's low-cost, high-performance Optical Interposer Platform.
* We look forward to working with POET to develop and qualify this technology. Upon successful qualification, we believe we will have an opportunity to gain rapid penetration into key customers and markets, based on both cost and performance advantages."
So Accelink will be the driver behind a much sustainable and higher share price for POET unlike the negative self-centered opinions of those that bash this stock on this forum and that other disgraceful forum. A successful partnership with Accelink makes all of their efforts to slag this stock, moot.
Read this portion of the NR below again and think of POET's roadmap and how this NR validates those objectives, then you will understand better while people are invested in POET to see this through. It's no longer pie in the sky stuff anymore; I believe it to be realistic and doable right through to the development and sales of product families --- multi-channel revenue at at a high CAGR rate.
SAN JOSE, Calif., March 05, 2018 (GLOBE NEWSWIRE) -- POET Technologies Inc. ("POET") (OTCQX:POETF) (TSX Venture:PTK), a designer, developer and manufacturer of optoelectronic devices, including light sources, passive wave guides and Photonic Integrated Circuits (PIC), today announced the Company has entered into a Memorandum of Understanding (MOU) for the co-development of products with Accelink Technologies Co., Ltd. ("Accelink"), a leading global supplier of optical components and subsystem products to the datacom, telecom and network access markets. As "Preferred Co-Development Partners" the MOU outlines a path for mutual cooperation with the objective of developing, qualifying and selling a family of transceiver products based on POET's low-cost, high-performance Optical Interposer Platform.
More specifically, the MOU is aimed at rapidly commercializing a series of advanced multichannel (100/400G) transmit and receive devices for the datacom markets and low-cost single channel (10/25G) products for telecom applications. POET will be providing engineering samples of its optical engines to Accelink on a preferred basis for internal testing and initial qualification.
POET's Chief Executive Officer, Dr. Suresh Venkatesan, commented, "As one of the largest suppliers of transceivers both in China and globally, Accelink is an ideal initial partner for POET to commercialize its optical interposer platform and to rapidly bring products to market. We are thrilled to be engaged in this effort with a forward-looking partner with leading products and solutions in the highest growth segments of both datacom and telecom. This is a watershed event for POET as we now have a clear path to commercialization of our Optical Interposer Platform technology with an industry leader."
Dr. Ben Chen, Technical Director of the Datacom & Access Product Department at Accelink stated, "POET's Optical Interposer platform is a step-change advancement compared to other approaches in gaining lower cost of integration and offering a superior method to scale-up to the higher data rates demanded by our customers. We look forward to working with POET to develop and qualify this technology. Upon successful qualification, we believe we will have an opportunity to gain rapid penetration into key customers and markets, based on both cost and performance advantages."
Except for the Confidentiality and Intellectual Property provisions, the terms and conditions outlined in the MOU are non-binding, and either party maintains the right to discontinue its cooperative participation without notice.
Monolithic