What will the impact of the Transaction be on the Company?

The immediate impact of the Transaction will be to restore the Company’s cash balance to a healthy level. The

Company expects to repay any bridge financing that it has received and certain other outstanding indebtedness.

Further, the Company anticipates expanding POET’s design operations in Ottawa and elsewhere, expanding its newly

formed operating unit in Singapore to manage its suppliers and sub-contractors in the region, and prepare for fulfilling

production orders from customers that it anticipates receiving in the period following the sale transaction.