Based on current plans and cash utilization, we believe we have sufficient liquidity to support our operations and

technological programs through 2016, which include further development of the POET semiconductor process and

increasing the POET intellectual property portfolio to enable us to exploit POET, through licenses and collaborative

arrangements.

The Company is embarking on an aggressive plan of attempting to monetize POET while simultaneously improving

shareholder value. The focus, therefore, is to remain sufficiently capitalized to facilitate this