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VIDEO – POET Technologies Launches In China To Critical Acclaim, Including Break Through First Customer Commitment

Posted by AGORACOM-JC at 9:33 AM on Wednesday, September 29th, 2021

When 99.8% of investors read the headline to this press release, you couldn’t blame them for not understanding what it meant or how important it is to the future of POET Technologies 

 POET Technologies Launches Its Products and Optical Interposer Platform in China to Critical Acclaim 

But this is the great thing about AGORACOM Beyond The Press Release, which provides investors with a layman’s understanding  the importance of headlines like this to the business of $PTK …. 

Last week in China was an important one for $PTK.  The Company participated in two leading optoelectronics conferences / exhibitions in China at which they introduced POET to the China market (where most of the customers are), and demonstrated their technology across a range of products.

HOW WELL DID THE PRESENTATIONS GO?

That can easily be summarized by this powerful quote:

“The companies that attended the live demos now know who POET is and the significant value that we can provide to them.  We were already engaged with a few customers, such as Fibertop and their commitment to adopt POET optical engines in their optical modules is a breakthrough for us.  Other companies requested samples of our demonstrated products, and several more want to either engage in development contracts that would incorporate POET Optical Engines in their products or have POET incorporate their components into POET’s Optical Engines. Numerous opportunities for increased customer engagement in China, including with some of the largest players,” 

WHAT KIND OF COMPANIES DID POET MEET AND DEMO THEIR PRODUCTS TO IN CHINA

More than 60 C-level and senior R&D executives representing over 20 companies, including:

  • Major China-based network equipment suppliers
  • Tier 1 transceiver module companies
  • Leading optical module and fiber optic companies (several of which are publicly traded)
  • Data center operators … and 
  • Major multi-billion-dollar public enterprise companies seeking to expand into the optical transceiver business

You don’t have to be a computer scientist to understand the potential of these target markets. But you do have to watch this powerful interview in its entirety to understand the big picture.

VIDEO – POET Technologies $PTK.ca $POETF Describes OFC Conference as an “Inflection Point”

Posted by AGORACOM-JC at 4:47 PM on Monday, June 14th, 2021

POET Technologies (PTK: TSXV) (POETF: OTCQX) Vivek Rajgarhia, Thomas Mika and I discuss the success of their demos at the  2021 Optical Fiber Communication Conference and Exhibition (OFC) .

POET hosted a Gold-level sponsored booth showcasing the company’s latest news, products and video demonstrations.

Vivek describes the conference as an “inflection point” … and the smiles on their faces are hard to ignore! 

Sit back and watch this powerful interview!

Universal PropTech $UPI $UPIPF CGO Talks Explosive Covid-19 Diagnostics Market, Clinical Trials, & More $AAT.ca $LPS.ca $EGT.ca

Posted by AGORACOM-AB at 5:16 PM on Thursday, May 13th, 2021
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Whereas many companies are just now trying to capitalize on the opportunities presented in the current and massive future of PropTech, Universal PropTech Inc. is actually delivering healthy building solutions and services for developers, owners, and operators in Canada. They’ve also turned their attention towards the global COVID-19 diagnostics market size, which is estimated at USD$84.4 billion in 2020.

We sat down with Frank Carnevale, CGO of Universal Proptech, to talk about the launch of ISBRG Corp’s SpotLight-19(C) clinical trial and new R&D funding, the global COVID-19 diagnostics market, their marketing/distribution plans for the future, and more. Check out the interview now.

VIDEO – POET Technologies $PTK.ca $POETF Enters $200M Market For Long Reach Optical Engines With Advanced Customer Discussions

Posted by AGORACOM-JC at 4:16 PM on Thursday, April 22nd, 2021

When 99.8% of investors read the headline to this press release, you couldn’t blame them for not understanding what it meant or how important it is to the future of POET Technologies

 POET Technologies Announces Entry into Telecom Market with 100G LR4 (Long Reach) Optical Engines

But this is the great thing about AGORACOM Beyond The Press Release, which provides investors with a layman’s understanding of both the importance of the technology and its importance to the bottom line of $PTK …. and they are both very important. 

A couple of things we can say that all investors would understand are the following:

  • The addressable market for this product (100G LR4 Transceiver) is ~ $USD 200 Million per year.
  • POET believes it can capture a very meaningful percentage of this market.  
  • A 100G LR4 transceiver sells for about 2X to 3X the price of status quo products but delivers significantly better performance
  • POET’s product significantly reduces the cost of the optical engine allowing it to provide a savings to customers in the range of 25%
  • This 25% savings to customers often means the difference for viability
  • POET has design an optical engine that uses 10% to 15% less power to deliver data at the same speed and over the same distance as comparable modules
  • From a capital markets point or view, the Company’s NASDAQ uplisting plan is progressing on schedule.
  • POET believes it will provide large US investors with the further de-risking they have requested in 2020

You don’t have to be a computer scientist to understand the value of all these points. But you do have to watch this powerful interview in its entirety to understand the big picture.

Universal PropTech $UPI Now Listed on the #OTCQB Under the Symbol $UPIPF $AAT.ca $LPS.ca $EGT.ca

Posted by AGORACOM-JC at 4:07 PM on Tuesday, April 20th, 2021
  • Received approval and will begin trading on the OTCQB, a U.S. market operated by OTC Markets Group Inc. in New York
  • The Company’s shares will begin trading on the OTCQB on April 21, 2021, under the symbol “UPIPF”

Toronto, Ontario–(April 20, 2021) –  Universal PropTech Inc. (TSXV: UPI) (FSE:8LH) (“UPI” or the “Company“) is pleased to announce that it has received approval and will begin trading on the OTCQB, a U.S. market operated by OTC Markets Group Inc. (“OTC“) in New York. The Company’s shares will begin trading on the OTCQB on April 21, 2021, under the symbol “UPIPF”.

Chris Hazelton, CEO of Universal PropTech commented: “We are excited to begin trading in the United States, and we welcome the opportunity to share our story and journey with new investors.” Mr. Hazelton continued: “UPI provides an opportunity for investors to capitalize on growth opportunities created by our healthy building solutions, as well as investment and exclusive sales verticals for ISBRG Corp and their SpotLight19 platform.”

The OTC operates the world’s largest electronic interdealer quotation system for US broker dealers and offers multiple media channels to increase the visibility of OTC-listed companies. Trading on the OTCQB market enables companies to efficiently build broader investor awareness and provide U.S. investors with a seamless trading facility to more easily trade through the broker of their choice.

Read More: https://agoracom.com/ir/UniversalPropTech/forums/discussion/topics/759404-universal-proptech-inc-now-listed-on-the-otcqb-under-the-symbol-upipf/messages/2312771#message

Universal PropTech Inc. $UPI Announces Option Grant $AAT.ca $LPS.ca $EGT.ca

Posted by AGORACOM-JC at 4:42 PM on Friday, April 16th, 2021
  • Announces today that it has granted 100,000 options to an employee pursuant to the Company’s stock option plan.
  • The stock options vest in the following schedule: 30% immediately, 30% on the six-month anniversary of grant; and 40% on the one year anniversary of grant, and may be exercised at a price of $0.45 for a period of three years from the date of grant.
  • The grant of options is subject to the approval of the TSX Venture Exchange.

Toronto, Ontario–(April 16, 2021) – Universal PropTech Inc. (TSXV: UPI) (FSE: 8LH) (“UPI” or “the Company”) announces today that it has granted 100,000 options to an employee pursuant to the Company’s stock option plan. The stock options vest in the following schedule: 30% immediately, 30% on the six-month anniversary of grant; and 40% on the one year anniversary of grant, and may be exercised at a price of $0.45 for a period of three years from the date of grant. The grant of options is subject to the approval of the TSX Venture Exchange.

About Universal PropTech Inc.

Universal PropTech Inc. (TSXV: UPI) (FSE: 8LH ) is a leading building innovation company, selecting, integrating, deploying, and maintaining PropTech in healthy buildings. As trusted advisors, we provide holistic evidence-driven solutions and services for building developers, owners, and operators in Canada. UPI operates through its wholly owned subsidiary, VCI Controls Inc. (“VCI“), a leading supplier and integrator of PropTech healthy building solutions and services. VCI is an industry leader in the acquisition and deployment of intelligent building technology, including the integration of all building systems utilizing the latest in communications technologies and standards. VCI’s business focuses on digital controls and mechanical services, performance monitoring, and energy efficiency solutions.

With headquarters in Toronto, Universal PropTech Inc. has offices across Canada including, Halifax, Montreal, and Ottawa. For more information, visit www.universalproptech.com.

Contact Information
Universal PropTech Inc.

Chris Hazelton
President and Chief Executive Officer
[email protected]

(647) 300-2957

Forward-Looking Statements

Certain information provided in this press release constitutes forward-looking statements and information within the meaning of applicable securities laws. Forward-looking information typically contains statements with words such as “anticipate”, “believe”, “forecast”, expect”, “plan”, “intend”, “estimate”, “propose”, “project”, or similar words suggesting future outcomes. The Company cautions readers and prospective investors in the Company’s securities not to place undue reliance on forward-looking information as, by its nature, it is based on current expectations regarding future events that involve a number of assumptions, inherent risks and uncertainties, which could cause actual results to differ materially from those anticipated by the Company.

The forward-looking information included herein is expressly qualified in its entirety by this cautionary statement. The forward-looking information included herein is made as of the date hereof and the Company assumes no obligation to update or revise any forward-looking information to reflect new events or circumstances, except as required by law.

Neither the TSX Venture Exchange (“Exchange”), nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

POET Technologies $PTK.ca $POETF to Participate at Upcoming Virtual Financial Conferences

Posted by AGORACOM-JC at 5:45 PM on Tuesday, April 6th, 2021
  • Cormark Securities’ 2021 Virtual Inflection Conference
    Power Technology Session – Date: Tuesday, April 13
  • OTC Virtual Technology Conference – Date: Thursday, April 15

TORONTO, April 06, 2021 — POET Technologies, Inc. (OTCQX: POETF; TSX Venture: PTK) the designer and developer of the POET Optical Interposer™ and Photonic Integrated Circuits (PICs) for the data center and telecommunication markets, today announced that management is scheduled to present and host meetings with participating investors at the following virtual financial conferences.

Cormark Securities’ 2021 Virtual Inflection Conference
Power Technology Session
Date: Tuesday, April 13
Presentation: 11:30 AM Eastern Time
Presenters: Suresh Venkatesan, Chairman & CEO; Vivek Rajgarhia, President & General Manager and Thomas Mika, Executive Vice President & CFO

The Cormark Securities Conference is an investor-focused conference discussing how to invest in an age of sustainability and new technologies. POET will be participating in the Power Technology Session which will include meetings with institutional investors. Interested investors should contact their Cormark representative to register.

OTC Virtual Technology Conference
Date: Thursday, April 15
Presentation: 10:30 AM Eastern Time
Presenter: Thomas Mika, Executive Vice President & CFO

POET invites individual and institutional investors, as well as advisors and analysts, to attend the real‐time, interactive presentations on VirtualInvestorConferences.com. It is recommended that investors pre‐register and run the online system check to expedite participation and receive event updates by registering on the OTC event calendar website: https://www.virtualinvestorconferences.com/event-calendar

Additionally, POET’s presentation materials will be made available on the Presentations and Events page of the Company’s website.

Option Grants

At a regular meeting of the Board of Directors held on March 24, 2021, as part of the Company’s incentive stock option grant program, the Board approved the granting of a total of 4,831,250 options to be granted on April 6, 2021 to directors, employees and consultants of the Company to purchase common shares. The approved grant represents 1.4% of the total issued and outstanding common shares of the Company. The approved total included 731,250 stock options to non-management directors (0.21%), 2,050,000 to officers (0.6%), 2,000,000 to other employees (0.59%), and 50,000 to consultants (0.01%). 

The options are exercisable for 10 years at a price of C$1.19 being the closing price of the Company’s shares on April 5, 2021. The directors’ options vest quarterly in arrears over the one year of service as a director. All other options granted to employees vest 25% on the first anniversary of the grant and the balance vests quarterly over a further three-year period thereafter. The grant to the directors represents the option portion of directors’ fees for the 12-month period beginning April 1, 2021. The options granted to a consultant will vest based on certain performance milestones of the consultant over a 12-month period.

Read More: https://agoracom.com/ir/POETTechnologies/forums/discussion/topics/758617-poet-technologies-to-participate-at-upcoming-virtual-financial-conferences/messages/2311026#message

POET Technologies $PTK.ca $POETF Reports Fourth Quarter 2020 Financial Results

Posted by AGORACOM-JC at 7:48 PM on Tuesday, March 30th, 2021

TORONTO, March 30, 2021 — POET Technologies Inc. (“ POET ” or the “ Company ”) (TSX Venture: PTK; OTCQX: POETF), the designer and developer of the POET Optical Interposer™ and Photonic Integrated Circuits (PICs) for the data center and tele-communication markets, today reported its audited consolidated financial results for the fourth quarter and year ended December 31, 2020. The Company’s financial results as well as the Management Discussion and Analysis have been filed on SEDAR. All financial figures are in United States dollars (“USD”) unless otherwise indicated.

Fourth Quarter Financial (non-IFRS) and Recent Business Highlights:

  • Signed definitive agreement with Xiamen Sanan Integrated Circuit Co. Ltd (“Sanan IC”) and completed official registration of joint-venture company, Super Photonics Xiamen (“SPX”), to offer a new generation of cost-effective, high-performance optical engines based on the POET Optical Interposer platform;
  • Achieved industry-first with flip-chip of Directly Modulated Laser (DML) designs on the Company’s Optical Interposer platform;
  • Completed and tested designs for LightBar ™, a new line of high-performance remote laser light source products for 400G FR4, 800G and Co-Packaged Optics (CPO) applications in cloud data centers ;
  • Opened Product Design and Development Center in Shenzhen, China and appointed Dr. Jinyu Mo as Senior Vice President, Asia;
  • Appointed semiconductor and optoelectronics industry veteran, Glen Riley, to the Board of Directors;
  • Ended the year with cash and cash equivalents of $6.9 million compared to $1.4 million on December 31, 2019, then after quarter-end completed a private placement financing resulting in gross proceeds of $11.8 million;
  • Subsequent to December 31, 2020, the Company received $8.4 million from the exercise of stock options and warrants and further reduced its debt by $1.7 million through the conversion of convertible debentures into units of the Company; and
  • As of the date of this release, on an unaudited basis, the Company reported it has approximately $23.7 million in cash available to fund operations.

Management Comments

Commenting on the Company’s recent progress, Dr. Suresh Venkatesan said, “The fourth quarter was a pivotal period for our Company, as we successfully achieved significant milestones on the path toward commercialization of new products based on the POET Optical Interposer platform. First, we released our first multi-product wafer (MPW) mask set for production, which was comprised of custom designs for specific applications and customers. Additionally, we completed and tested the designs of our newly launched product line, LightBar , a family of high-performance laser light source products for 400G FR4, 800G and Co-Packaged Optics applications in cloud data centers. We are very excited about the near-term opportunity for these products to serve as a spring-board for supplying products to large cloud-based data center customers that are aggressively seeking solutions with both higher speed and reduced cost.

“As evidence of further progress, in December we achieved an industry first with the successful test of our high-speed DML laser design ‘flip-chipped’ onto POET’s Optical Interposer platform, enabling the world’s lowest-cost and smallest 100G CWDM4 optical engine. This accomplishment is critical to the assembly of a single-chip, fully integrated optical engine that can be produced at wafer-scale in high volume. We also expanded our operations team and facilities in early 2021 with the appointment of Dr. Jinyu Mo as a Senior Vice President of Asia, coupled with the opening of a new product design and development center in Shenzhen, China.”

Dr. Venkatesan further stated, “Looking at the current landscape in early 2021, there have been broadly reported supply chain constraints throughout the semiconductor industry. This environment has introduced challenges related to the reliable and timely sourcing of lasers, which has resulted in delayed production schedules across the industry and also for POET’s alpha and beta samples. That said, we are continuing to work closely with our strategic manufacturing partners, while also exploring potential alternative sources in order to mitigate the impacts of these external supply constraints. I want to emphasize that we have continued to meet the product development milestones that are based on variables within our control, and we’ve encountered no new hurdles in terms of technological barriers or device performance. Importantly, we have a solid cash position and strengthened balance sheet following the successful financing activities completed in recent months, and we remain very optimistic about our advancement of POET’s product roadmap throughout 2021.”

Financial Summary

Due to the sale of its wholly owned subsidiary, DenseLight, the Company was required to report the activities of DenseLight as a discontinued operation with effect from January 1, 2019. The financial statements filed today reflect this classification.   While the Company operated as a single integrated entity until November 8, 2019, the Closing Date of the sale transaction, the financial data below presents the net operations of DenseLight in prior periods as a single line item titled “Income from discontinued operations (net of taxes)”. The net operations of the Company do not include discontinued operations in the fourth quarter of 2020 due to closing of the sale in November 2019. Comparative results include those of discontinued operations. The following discussion and the summary table presented at the bottom of this press release are on a proforma, non-IFRS basis. The required IFRS presentation of the Company’s Financial Statements can be found in its recent filings on SEDAR.

The Company reported a net loss of ($5.0) million, or ($0.02) per share, in the fourth quarter of 2020 compared with net income before tax recovery of $3.2 million, or $0.01 per share, in the fourth quarter of 2019 and net loss of ($3.5) million, or ($0.01) per share, in the third quarter of 2020. The loss in the fourth quarter of 2020 included research and development costs of $2.2 million compared to $0.8 million in the fourth quarter of 2019 and $1.2 million in the third quarter of 2020. The increase compared to the prior year period reflects a redistribution of research and development activities and costs that were previously accounted for by DenseLight and reported as discontinued operations when the organization operated as a single entity. These costs are now accounted for solely by POET. Non-cash expenses in the fourth quarter of 2020 included stock-based compensation of $0.9 million and depreciation and amortization of $0.2 million. Non-cash stock-based compensation and depreciation and amortization were $0.6 million and $0.1 million in the fourth quarter of 2019, respectively, and $1.1 million and $0.2 million, respectively, in the third quarter of 2020. The net income reported in the fourth quarter of 2019 included a gain on the sale of DenseLight of $8 million and a recovery of deferred income taxes of $0.3 million.

During the fourth quarter of 2020, the Company had debt related finance costs of $249,000 compared to $302,000 in the fourth quarter of 2019 and $244,000 in the third quarter of 2020. Of the finance costs recognized in the fourth quarter of 2020, $128,000 was non-cash compared to $109,000 in the fourth quarter of 2019 and $141,000 in the third quarter of 2020.

On a non-IFRS basis, cash flow from operating activities in the fourth quarter of 2020 was ($2.9) million compared to ($3.7) million in the fourth quarter of 2019 and ($2.9) million in the third quarter of 2020.

Non-IFRS Financial Performance Measures
Certain financial information presented in this press release is not prescribed by IFRS. These non-IFRS financial performance measures are included because management has used the information to analyze the business performance and financial position of POET prior to the sale of its DenseLight subsidiary. These non-IFRS financial measures are intended to provide additional information only and do not have any standardized meaning under IFRS and may not be comparable to similar measures presented by other companies. These non-IFRS financial measures should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS.

In order to provide the combined business performance and relative financial position prior to the sale of DenseLight, certain non-IFRS financial performance measures have been combined to show an aggregate number. Such proforma combined numbers are illustrative only and actual figures may vary materially.

Screen-Shot-2021-03-30-at-7-45-11-PM

About POET Technologies Inc.
POET Technologies is a design and development company offering integration solutions based on the POET Optical Interposer™ a novel platform that allows the seamless integration of electronic and photonic devices into a single multi-chip module using advanced wafer-level semiconductor manufacturing techniques and packaging methods. POET’s Optical Interposer eliminates costly components and labor-intensive assembly, alignment, burn-in and testing methods employed in conventional photonics. The cost-efficient integration scheme and scalability of the POET Optical Interposer brings value to any device or system that integrates electronics and photonics, including some of the highest growth areas of computing, such as Artificial Intelligence (AI), the Internet of Things (IoT), autonomous vehicles and high-speed networking for cloud service providers and data centers. POET is headquartered in Toronto, with operations in Allentown, PA and Singapore. More information may be obtained at www.poet-technologies.com .

Shareholder Contact:
Shelton Group
Brett L. Perry
[email protected]
Company Contact:
Thomas R. Mika, EVP & CFO
[email protected]

This news release contains “forward-looking information” (within the meaning of applicable Canadian securities laws) and “forward-looking statements” (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “potential”, “estimate”, “propose”, “project”, “outlook”, “foresee” or similar words suggesting future outcomes or statements regarding any potential outcome. Such statements include the Company’s expectations with respect to the success of the Company’s product development efforts, the expected results of its operations, meeting revenue targets, and the expectation of continued success in the financing efforts, the capability, functionality, performance and cost of the Company’s technology as well as the market acceptance, inclusion and timing of the Company’s technology in current and future products.

Such forward-looking information or statements are based on a number of risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Assumptions have been made regarding, among other things, management’s expectations regarding the success and timing for completion of its development efforts, financing activities, future growth, the form and potential of its planned joint venture, if approved, plans for and completion of projects by the Company’s consultants, contractors and partners, availability of capital, and the necessity to incur capital and other expenditures. Actual results could differ materially due to a number of factors, including, without limitation, operational risks in the completion of the Company’s anticipated projects, a delay or abandonment of its planned joint venture, delays or changes in plans with respect to the development of the Company’s anticipated projects by the Company’s external contractors,, risks affecting the Company’s ability to execute projects, the ability of the Company to generate sales for its products, the ability to attract key personnel, and the ability to raise additional capital. Although the Company believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in the Company’s securities should not place undue reliance on forward-looking statements because the Company can provide no assurance that such expectations will prove to be correct. Forward-looking information and statements contained in this news release are as of the date of this news release and the Company assumes no obligation to update or revise this forward-looking information and statements except as required by law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
120 Eglinton Avenue, East, Suite 1107, Toronto, ON, M4P 1E2- Tel: 416-368-9411 – Fax: 416-322-5075

VIDEO – Universal PropTech $UPI CGO Frank Delves Into The Company’s Future $UPI.ca $AAT.ca $LPS.ca $EGT.ca

Posted by AGORACOM-JC at 4:33 PM on Tuesday, March 30th, 2021

VIDEO – An Introduction to Universal PropTech Inc. $UPI.ca $AAT.ca $LPS.ca $EGT.ca

Posted by AGORACOM-JC at 3:46 PM on Tuesday, March 30th, 2021