Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

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Message: Re: Letter of Intent... say what?
5
Jun 30, 2020 08:28PM

My apology to Oz... I had skipped over your earlier post about the extent of POET's financial contribution to the JV.

Oz:  

US$ 135,000 over 5 years – wow - oh yeah !

 

POET’s cash contribution for the first five years of the JV will be limited to its share of the initial capital required to form the company, approximately US$135,000. POET will be contributing primarily Intellectual Property (IP) and know-how related to the assembly and testing of Optical Engines based on the POET OI.

I was way off in thinking each partner to the JV had to contribute $50 Million.   Thanks, Oz..

4
Jun 30, 2020 09:11PM
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