They clearly have many irons in the fire, but I'd like to just focus on one excerpt from the press release.
"In addition to potential module customers, the POET/SPX exhibit attracted the attention of major end users, including Alibaba, FiberHome, and ByteDance."
Would people be more impressed if they said they attracted the attention of Meta and Intel? I think the answer is a resounding yes, but let's take a look at some numbers and forgive me as they may be off only slightly.
Annual Revenue
Meta - $116B
Intel - $63B
FiberHome - $26B
ByteDance - $58B
Alibaba - $128B
I am not sure why the share price isn't going up a lot today based on this alone but maybe it just needs to sink in.
Cheers!