➢ POET has presented NRE proposals to numerous companies targeting a variety of markets and we await news on at least three agreements in 2020. We expect the company to generate a few million dollars in revenues from these proposals. ➢ We expect that POET will start producing samples for customers late this year and early next and should be ready to ramp into production starting at the end of 2021. ( This is quite a bit later than I expected)

The POET-owned equipment on which the optical interposers are made reside at a Malaysian foundry. That equipment, and the process recipes, are solely for its use in order to protect its trade secrets. The capacity of that equipment set should be sufficient to provide initial production quantities; the company can add equipment as needed in this location to expand volumes. Completed optical interposers will be shipped to the JV for assembly, testing, and sale to transceiver manufacturers and others.