August 30, 2016

Outlook for Second Half of 2016

POET expects revenue in the second half of 2016 to exceed $2,000,000, driven primarily by the increased sales of sensor products weighted toward the end of the year. The Company is unlocking the potential of a newly acquired portfolio of products, technology, fab operations, and customer base through investments in growth markets. POET plans to announce several new products in the second half of the year, which is expected to support continued growth into 2017. The Company also expects the DenseLight business unit to reach positive operating cash flow by the first quarter of 2017, helping to fund POET’s future product roadmap.

Appointment of Investor Relations Counsel
POET Technologies also announced that effective immediately the Company has appointed Shelton Group as the Company’s Investor Relations counsel, replacing the prior IR firm Robert Ferri Partners.

“The appointment of Shelton Group marks the next phase in POET’s goal to establish itself as a profitable growth company leveraging its unrivaled intellectual property in integrated opto-electronics technology,” said POET Chief Executive Officer Suresh Venkatesan. “Our entire team welcomes the Shelton Group, who has worked with a number of semiconductor companies over the past two decades.  We also appreciate the contributions of our previous IR counselors, and we thank them for their service.”

Jodi Shelton, Founder, CEO and President of Shelton Group, stated, “We are very pleased to have been selected by POET to manage their investor relations program. Shelton brings a wealth of experience and relevant industry knowledge to the partnership along with expansive relationships on the Street. We look forward to working with the Company’s management team and board to help bring expanded visibility to POET’s story and disruptive technology as the Company approaches a significant inflection point in their business.”

*profitable growth company

*significant inflection point

What do you think, The Jodi Shelton Group stays or goes?