"Nevertheless, regardless of the accounting treatment, the prospect of initial revenues from shipments of devices from the Super Photonics JV signals a step function increase in the value of this significant asset in the POET portfolio. Photonics companies are highly valued in China, and there are few companies that are competing today in the AI hardware space. POET currently owns 80% of the JV, whose stated objective is to IPO, in a market that values such companies at 5X that of any other market in the world. POET expects that the value of this asset will eventually be reflected in its market cap."

POET may also be able to raise money through the JV by selling a % ownership, and if the JV does IPO then the value to POET may be significant.  I mention this based on the statements above from Zacks.