This segment from the N.R.
First half 2016 highlights:
- Launched joint 18-month development initiative with the Institute of Micro Electronics Engineering, a Singapore agency for science, technology and research for smart-pixel applications specifically targeting the augmented reality market;
- Successfully validated transfer of the Poet platform process to a six-inch high-volume production foundry;
- Demonstrated a resonant cavity detector fabricated at the company's foundry supplier with superior performance;
- Acquired DenseLight, a Singapore-based global provider of innovative photonic optical light source products and solutions to the communications, medical, instrumentations, industrial, defence and security industries, as well as a cost-effective manufacturer of photonics products and services;
- Acquired BB Photonics Inc., a New Jersey company that is a designer of integrated photonic solutions for the data communications market.
"Through disciplined and focused execution, we continued to make solid progress during the quarter on our 2016 plan," said Suresh Venkatesan, chief executive officer of Poet Technologies. "In addition to efforts to improve our operations, we made further progress on the development of the Poet platform during the quarter, and we're pleased to announce the first demonstrations of functional NHFETs on the integrated platform. We are relentlessly focused on delivering shareholder value and expanding our R&D (research and development) to capitalize on opportunities in current and new market segments."
Stock price was .80c
