Joint venture with Sanan definitive, not proposed (as stated on PTK homepage)

Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

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chappychap

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Joint venture with Sanan definitive, not proposed (as stated on PTK homepage)

posted on Dec 08, 2020 01:11PM

I believe the current POET website is using delayed information. See the below news release:

TORONTO and XIAMEN, People's Republic of China, Oct. 22, 2020 (GLOBE NEWSWIRE) -- POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK; OTCQX: POETF), and Xiamen Sanan Integrated Circuit Co. Ltd. (”Sanan IC”), a wholly owned subsidiary of Sanan Optoelectronics Co., Ltd. (Shanghai Stock Exchange, SSE: 600703) announced today that they have signed a definitive joint venture contract and have applied for the registration of Super Photonics Xiamen Co., Ltd. (“Super Photonics”) to offer a new generation of cost-effective, high-performance optical engines to transceiver module manufacturers, systems suppliers, data center operators and network providers globally.

And more information here:

https://poet-technologies.com/docs/presentations/POET-SANAN-IC-Proposed-JV-FAQs-FINAL.pdf

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