Poet Technologies Inc (POET)

[prototype_101]

Buc, it has been 7 weeks since the 3rd qtr 2016 results were pr'd and that was our last communication from the company

I think news of substance is not far off on either the VSCEL or a JV deal, maybe this week will change your thinking, I still believe this company is for real and will finally deliver in a significant way for investors in 2017


Third Quarter and Recent Highlights:

Signed long-term supply agreement and strategic partnership with Luxmux, a leader in innovative photonic and optic technologies;

Announced agreement with Singapore Economic Development Board (EDB) to expand R&D operations in Singapore;

Awarded two new U.S. patents, including one regarded as fundamental;

Appointed Thomas R. Mika as Chief Financial Officer;

Subsequent to the end of the quarter, completed public offering which generated gross proceeds of C$12,528,000 (US$9,349,254); and

Ended the quarter with cash and cash equivalents of US$9,699,899, which does not include the net proceeds from the offering

and this on POET tech >>

“In terms of progress on the POET technology, we continue to maintain a strong focus on the development and refinement of the integrated opto-electronics engine, which includes the integrated detector. As a direct result of the capital raise, we are now able to pursue parallel development paths for our VCSEL design and validation and have taken meaningful steps to accelerate our cycles of learning. Furthermore, we are making selective investments in capital equipment as well as other key capabilities to give us greater control over some of the most time-sensitive aspects of the technology development process. The previous delays we encountered largely related to epitaxial wafer supply and more recently export license controls were both resolved subsequent to quarter-end, which has enabled us to resume progress toward the production of integrated device prototypes. Although this pre-prototype stage of product development has taken longer than we originally anticipated due to various constraints, we believe we are on the right path to achieve commercialization in 2018.”

https://finance.yahoo.com/news/poet-technologies-reports-third-quarter-210500525.html