Newsworthy excerpts

The Company's patented module-on-a-chip process, which integrates digital, high-speed analog and optical devices on the same chip, is designed to be the next industry standard for smart optical components fabrication," said Ajit Manocha. "By adding electronics functionality to optics - lasers, detectors, IR sensors -- POET powers 'smart' opto-electronic devices that demonstrate step-function improvements in low power performance, cost and size. Specifically applied to short reach VCSEL based transceivers for example, POET could enable up to 10X improvements in power consumption, component cost, and form factor," added the Company's Chief Executive Officer Dr. Suresh Venkatesan.

"Put simply, that means we make what's on a wafer up to 10 times more energy efficient, 10 times cheaper and more than 10 times smaller," said Dr. Venkatesan. "And we believe we are the only company that could achieve this level of disruption."

"Our partnerships bring scalable manufacturing and custom VCSEL foundry capabilities that we need to accelerate our lab-to-fab migration," said Dr. Venkatesan. "We are on-plan to begin transferring our proprietary technology in this year's Q4, which begins tomorrow - as well as to demonstrate integrated VCSEL prototypes in the second quarter of 2016."