Just a reminder what management said about the BAE relationship. This was back in Sept 2015.

We are often asked about our relationship with BAE, especially since we have not talked about them in some time. BAE has been a great partner to POET over a number of years. We transferred the n-FET process flow to BAE last year and were able to demonstrate excellent p-HEMT devices and characteristics at BAE on six-inch wafers. However, BAE lacks capability for VCSEL manufacturing that the POET platform categorically needs. When we joined the company, we actually started an evaluation of alternative partners that would have these capabilities in a foundry manufacturing environment. We therefore announced our initial foundry partnership with a commercial VCSEL foundry as they had the three things we were looking for:

1. Six-inch processing
2. VCSEL-fabricating experience
3. Electronics experience through their own MMIC business.