Nevermind1 at the German board received a reply from Brett:

Hello xyz,

Thank you for the email and your longstanding support of POET. I would like to provide you with a few points of clarification that I hope will be helpful.

First, please note there has been no meaningful change to the timeline for the commercialization of POET’s integrated laser technology (including the VCSEL), which is expected in 2018 and will first be targeted at Active Optical Cables (AOC) applications. To date, no fundamental issues with the technology have been discovered. The Company continues to work through technical hurdles related to the continued development and optimization of layers in the epitaxial stack. Product development and commercialization timelines can also be contingent on outside factors such as the export control licenses and lead times required for the transfer of epi material to an international third party foundry, as previously indicated.

It should also be noted that there is typically a gap of time between successfully demonstrating a functional prototype and commercial revenue from volume production. Between these two milestones, additional product optimization, customer evaluation, customer qualification, and ultimately establishing distribution channels must also take place. Despite the product development/optimization delay, it’s important to know that POET’s recent acquisition of DenseLight has accelerated the Company’s path to establishing sales and distribution channels for commercial products. As a result, the Company currently believes it has maintained the originally expected timeline for commercialization of its integrated laser technology in AOC applications.

Management continues to be excited about the disruptive potential of its integrated laser technology, as well as the Company’s ability to commercialize and monetize the technology.

Best regards,

Brett

Brett L Perry / Vice President, IR

T 214.272.0070
bperry@sheltongroup.com
12400 Coit Road, Suite 650
Dallas, Texas 75251

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