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POET is like an 'Intel for integrated optical engines' powering data centers.

POET is like 'Nvidia for the optical interconnects essential to AI/ML clusters.'

POET is like 'Qualcomm for highly integrated optical communication modules.'

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• Optical Engines: These are integrated opto-electronic modules for high-speed data communication, combining various optical components onto a single chip for applications in data centers and telecom.
• Optical Interposer™ Platform: This proprietary wafer-level integration platform enables the monolithic integration of various active and passive opto-electronic components, forming the foundation for their optical engine products.

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POET Technologies (symbol: POET) operates primarily as a business-to-business (B2B) company, designing and supplying advanced opto-electronic components and solutions. Their products, such as optical engines and platforms, are integrated into higher-level systems for data communications, sensing, and AI applications. Due to the competitive nature of these markets and confidentiality agreements, POET generally does not publicly disclose the specific names of its direct major customers, often referring to them collectively as "Tier-1 customers" or "leading module manufacturers."

However, a significant strategic entity and direct buyer of POET's products and intellectual property is its joint venture:

• SUPER Photonics Xiamen Co., Ltd. (private company) - This joint venture, based in Xiamen, China, manufactures and commercializes optical engines and modules that integrate POET's advanced platforms. POET sells its wafer-level components and optical engines to SUPER Photonics, which then integrates, packages, and sells these finished products to a broad market of data center and telecom module manufacturers globally. While it is a joint venture, SUPER Photonics acts as a direct and major customer for POET's core products and IP.

Beyond the joint venture, POET's products are designed into systems by other companies. While specific names are not publicly confirmed by POET, these customers fall into categories such as:

• Leading Data Center Module Manufacturers: These companies produce high-speed optical transceivers for hyperscale data centers, integrating POET's optical engines to achieve higher performance and lower power consumption.
• Telecommunications Equipment Providers: Companies that develop and manufacture networking equipment for telecom infrastructure, requiring advanced optical components for high-bandwidth data transmission.
• AI/ML Hardware Developers: Companies creating specialized hardware for Artificial Intelligence and Machine Learning applications, where high-bandwidth, low-latency optical interconnects are critical.

POET generally does not name these specific "Tier-1" customers in its public disclosures due to confidentiality agreements.

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• GLOBALFOUNDRIES (GFS)
• Sanmina Corporation (SANM)

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Dr. Suresh Venkatesan, Executive Chairman & Chief Executive Officer

Dr. Suresh Venkatesan joined POET Technologies in June 2015 as CEO and later also became Executive Chairman. He has over 30 years of experience in semiconductor technology development. Prior to POET, Dr. Venkatesan served as Senior Vice President of Technology Development at GLOBALFOUNDRIES, where he was responsible for the company's Technology Research and Development. He joined GLOBALFOUNDRIES in 2009 and played a key role in the development and ramp of the 28nm node and the technology transfer and qualification of the 14nm node. Before GLOBALFOUNDRIES, he held various leadership positions with Freescale Semiconductor in Austin, Texas, and was with Motorola for a significant part of his career, involved in deploying copper technology and silicon on insulator technology. He holds a Bachelor of Technology from the Indian Institute of Technology and Master of Science and PhD degrees in Electrical Engineering from Purdue University.

Thomas Mika, Executive Vice President, Chief Financial Officer & Corporate Secretary

Thomas Mika was appointed CFO of POET Technologies in November 2016. He has over 25 years of senior management, finance, and consulting experience. Prior to joining POET, Mr. Mika served as Chairman of the Board of Rennova Health, Inc., which was the successor company to CollabRx and Tegal Corporation. He was the Chief Financial Officer (2002), Chief Executive Officer (2005), and Chairman & Chief Executive Officer (2006-2015) of Tegal Corporation, a semiconductor capital equipment company that spun out from Motorola in 1989. In 2015, Tegal merged with Rennova Health, where Mr. Mika remained Chairman until his move to POET. Earlier in his career, Mr. Mika co-founded IMTEC, a boutique investment and consulting firm, where he served as CEO in several ventures over a 20-year period. He also worked as a managing consultant with Cresap, McCormick & Paget and a policy analyst for the National Science Foundation. Mr. Mika holds a Bachelor of Science in Microbiology from the University of Illinois at Urbana-Champaign and an MBA from the Harvard Graduate School of Business.

Vivek Rajgarhia, President & General Manager

Vivek Rajgarhia joined POET Technologies in late 2019 as President & General Manager. He brings over 30 years of experience in the optical communications industry. Before POET, he was Senior Vice President & General Manager of the Lightwave Business Unit at MACOM. Mr. Rajgarhia joined MACOM through its acquisition of Optomai Inc., a company he co-founded and served as CEO, which marked MACOM's initial entry into the optical business. He was instrumental in leading several strategic acquisitions at MACOM to build its Lightwave Business Unit. His previous roles include Director of Sales & Marketing (Asia) for Lucent Technologies (where he started their Asia business), Vice President of Product Marketing & Business Development for OpNext (formerly Hitachi's Fiber Optics Division), Director of Product Management & Marketing for JDS Uniphase, and VP of Global Sales for GigOptix. Mr. Rajgarhia is a successful entrepreneur who has founded two optical companies. He holds a Bachelor of Engineering (Electrical) degree from Stevens Institute of Technology.

Mo Jinyu, Senior Vice President, General Manager of Asia

Mo Jinyu serves as Senior Vice President and General Manager of Asia for POET Technologies.

Kevin Barnes, Vice President of Finance & Administration, Corporate Controller & Treasurer

Kevin Barnes currently serves as Vice President of Finance & Administration, Corporate Controller & Treasurer for POET Technologies. He previously served as the Chief Financial Officer for the company before Thomas Mika's appointment in November 2016. He remained with the company in his current roles following that transition.

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The key risks for POET Technologies are primarily centered around its transition from a development-stage company to achieving sustainable commercial success.

1. Commercialization and Adoption Risk: POET Technologies is currently in a pre-revenue or very low-revenue stage, heavily reliant on one-off engineering projects rather than consistent product sales. The most significant risk is the company's ability to successfully transition from product development to achieving high-volume, repeatable revenue. There is uncertainty regarding the pace at which the market will adopt their Optical Engine products and whether key customers will fully embrace the final products.
2. Financial Risk, Cash Burn, and Dilution: The company is not yet profitable, reporting substantial net losses and significant cash burn from operations, research and development, and manufacturing scale-up efforts. POET Technologies is heavily dependent on external financing, primarily through equity raises, to fund its ongoing operations and growth initiatives. This reliance on new share issuance poses a significant risk of dilution for existing shareholders.
3. Manufacturing Scale-Up and Execution Risk: POET Technologies employs a "fab-light" strategy, relying on third-party partners such as Globetronics and NationGate Solutions for high-volume manufacturing of its complex optical engines. A key risk is whether these manufacturing partners can successfully qualify and scale production to meet anticipated demand, thereby affecting the company's ability to execute its production plans.

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POET Technologies' main products and services, centered around its proprietary Optical Interposer platform, address several growing markets, primarily in high-speed optical engines and modules for AI systems and data centers.

• The immediate total addressable market (TAM) for POET's interposer technology in the fiber optic pluggable transceiver market is estimated to be around $2.5 billion, with the overall market size approximately $5 billion.
• The global market for optical transceivers is projected to increase from $5 billion in 2024 to $10 billion by 2026.
• For 3.2T pluggable and Co-Packaged Optics (CPO) formats, the global market is projected to reach nearly $12 billion by 2030.
• The broader optical transceiver market, which includes the optical interposer market, is expected to grow from $11.54 billion to $47.64 billion globally by 2035, demonstrating a compound annual growth rate (CAGR) of 13.75%.
• Specific to optical modules, the total market size for 800G optical modules is estimated at $5.3 billion, and for 1.6T optical modules, it is $1.5 billion.
• Other estimates suggest the addressable market is currently between $3 billion and $4 billion, with potential growth to between $11 billion and $47 billion over the next 5 to 10 years.

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POET Technologies (NASDAQ: POET) is anticipated to drive future revenue growth over the next 2-3 years through several key factors:

1. Growing Demand for High-Speed Optical Interconnects in AI and Data Centers: POET Technologies is strategically positioned to capitalize on the escalating demand for high-speed optical connectivity solutions within the artificial intelligence (AI) and data center markets. The company's Optical Interposer technology is designed to facilitate faster data transmission, supporting current and next-generation speeds such as 400G, 800G, 1.6T, and future 3.2T and 6.4T solutions. Analysts predict substantial revenue growth driven by the increased adoption of this technology as investments in AI infrastructure continue to surge.
2. Expansion of Manufacturing Capabilities and Transition to Volume Production: The company is transitioning from a technology development phase to full commercialization and volume production of its optical engines. This includes significant expansion of manufacturing capabilities in Malaysia, which is expected to generate an annual revenue capacity of $50-100 million from 1 million 800G+ units. Partnerships with manufacturers like Globetronics and NationGate Solutions are crucial to scaling production efficiently and meeting anticipated market demand.
3. Strategic Customer Engagements and Partnerships: POET Technologies has strengthened its market position through expanded strategic partnerships and new customer acquisitions. Key collaborations include those with Luxshare Tech and Mentech, which involve purchase orders for 800G transceiver development. Furthermore, a significant new collaboration with Mitsubishi Electric is focused on co-developing integrated optical engine chipsets for 3.2T pluggable transceivers for the AI networking market. The company also secured Lessengers (Korea) as a new customer for an 800G module project, validating POET's technology and establishing vital channels into hyperscale data centers.

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Share Issuance

• POET Technologies issued 20,689,655 common shares in an oversubscribed registered direct offering in October 2025, generating approximately US$150 million in gross proceeds.
• In October 2025, the company issued 13,636,364 common shares and detachable warrants in a private placement, raising US$75 million.
• POET Technologies announced a non-brokered public offering in July 2025, aiming to raise US$25 million through the issuance of 5,000,000 units, each comprising one common share and one warrant.

Inbound Investments

• In October 2025, POET Technologies secured US$150 million from an oversubscribed registered direct offering, with two new fundamental investment managers participating.
• The company closed a non-brokered financing with a single institutional investor in October 2025, securing US$75 million, which was noted as its largest single investment to date.
• A US$25 million public offering in July 2025 was expected to be fully subscribed by a single Canadian institutional investor.

Capital Expenditures

• Proceeds from the October 2025 US$150 million and US$75 million financings are intended for corporate development, targeted acquisitions, scaling up of R&D, acceleration of the light source business, and expanding operations.
• The funds from the July 2025 US$25 million offering were designated for working capital and general corporate purposes.