Just got home from golf. Great news release and they have told us a lot. Which is what we asked for I think. The share price is in the toilet but when has that not been the case with any POET news, but only temporary.

They have given me what I want to hear in this statement and what more could we want than that.

Let the market play their games but just wait until the rigt people read the news and it starts to sink in.

" The core source of technology differentiation has been validated in the laboratory at the University of Connecticut, and with that the company is positioning itself to take its technology to the commercialization phase. The company has, for the first time, engaged commercial epitaxial wafer suppliers in providing wafers with the unique and proprietary Poet epitaxial stack. While comprehensive discussions are under way with a number of potential foundry and epitaxial wafer partners, the company has recently signed memorandums of understanding with some of these companies and expects to continue this process. This should accelerate the lab-fab transition, utilizing state-of-the-art processes that position the company for success in defined commercial markets. "We are pleased to be working with well-established companies, as both our foundry partners and as suppliers of our proprietary epitaxial wafers," said Dr. Venkatesan. "We are focused on monetizing the technology in existing and proven high-growth markets where the disruptive technology innovations will provide a relevant and sustained source of competitive differentiation. We will be communicating the vision, objectives and accelerated drive to product realization around the end of September."