From the transcription Document

18:11 – Geoff Taylor: Thank you, Suresh.

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18:58 – First, we have recently in this quarter successfully demonstrated functional 980 nanometer (nm) VCSELs utilizing the POET epitaxy and POET process at the UConn labs. Improvements in epitaxial quality have shown a three-times improvement in critical performance parameters of the VCSEL, and we expect to maintain that improvement trajectory over the next quarter to further improvements in epitaxy and processing in order to achieve commercially acceptable specifications.

19:30 – Even more important is our first demonstration of small signal modulation of our unique Digital Opto-Electronic Switch – acronymed DOES – lasers. We have achieved modulation frequencies presently of up to 8 GHz which readily enables 10 gigabits per second (Gbps) operation of the transceiver products. As we improve the VCSEL characteristics over the coming quarter we expect to further improve our small signal frequencies … as well.

20:05 – Secondly, and this is a significant change for us, the VCSEL transceiver market today is centered at 850 nm wavelength. The quickest path to validation and adoption of any new technology is to prove its benefits in existing sockets. To that end, we had now focused our internal activities this quarter to assess the scalability of our platform to the 850 nm wavelength. We had demonstrated that critical pieces of the POET IP are scalable to 850 nm. And this is really good news, because it enables the company to participate in the large existing market at 850 nm. While we … developing both 980 nm and 850 nm platforms in parallel, we will now be shifting our short-term focus to realize 850 nm.

21:01 – And finally, a critical case of any optical transceiver link is the detector on the receiving end. We had demonstrated basic DC functionality of the POET detector this quarter with extremely encouraging sensitivities. The POET detector is unique in that it integrates trans… amplifier, commonly called the TIA – within the detector, thereby enabling significant system power and cost savings. Over the next quarter we will be developing … a large-signal modulation capabilities of both our laser and our detector. I am pleased with the progress the team has demonstrated and we are building all the proof-points necessary to provide the market with a disruption it demands. – Suresh.