A native of Mississauga, Dr. Taylor has created a microchip at his laboratory at the University of Connecticut that is made of gallium arsenide (GaAs), a widely available chemical compound that the professor of electrical engineering and photonics says has shown a “10-to-1 advantage” in performance over silicon.

POET is preparing to approach industry-leading chip manufacturers in Silicon Valley this summer, and its pitch will be centred on the demise of silicon.

“We haven’t beaten on doors yet to try to coax them over to our side. We’re just starting to do that now,” Dr. Taylor says of microchip manufacturers in California. “We didn’t want to do that until we had firm results that couldn’t be disputed.”

The company believes its chips “could easily be a $10-billion opportunity” if one or more Silicon Valley companies begin to develop devices made with them.

To date, POET has met with several large-scale technology firms who have expressed interest in jointly adapting POET to commercial scale implementation. Some of these potential alliance partners have already provided input into POET’s alignment of resources, notably with respect to our technical roadmap.

(so, POET has met with several large-scale technology firms. Mmmmmm :D easily a $10-billion opportunity! I read above statment as more than one company in Silicon Valley will begin to develop devices made with POET's chips. To support my theory would be a nomination of Stephane as a VPO)

Incubating such relationships is an ongoing task of the Special Strategic Committee (SSC), as a key aspect of finalizing licensing relationships towards a “Powered by POET” device ecosystem.

Mr. Copetti continued: “This is the critical period approaching the last phases of development, towards the introduction to the semiconductor industry of a revolutionary, and validated, process to produce integrated monolithic optoelectronic chips. The Company continues to target a liquidity event for investors, which has remained a primary objective throughout our discussions. We are excited to see that the work of Geoff Taylor’s team is finally bearing fruit – securing POET Technologies as a leader in its space as the semiconductor industry works towards extending Moore’s Law into the next millennium.”

(It feels as POET has signed or is about to sign a deal with several large-scale technology firms, and we are just patiently waiting for a NR.)

cheers