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"These are all successful businessmen from Jim Fallacaro's community. They know him, and are willing to associate their names with his company. I like what I'm seeing with J3."
Yes, some nice new developments for J3, and we do have to wait, and see if Fallacaro will do anything to bring his GTGP company along for the ride. Would not be too difficult, but Fallacaro has to want to bother. Probably the only reason he would bother is because all of his wife's shares would be brought along, and therefore he/they would benefit. That's the only hope as I see it. If Fallacaro takes J3 public, then there would have to be some revenue for the GTGP entity as they have the current rights to the MBS, but MBS is not exactly flying off the shelves. lol
One thing is for certain is that Fallacaro will be richer by the time he is done, and whether we will be is another question entirely. Up to him. If the successful businessmen are aligning themselves with Fallacaro right now, then Fallacaro must have some sort of decent reputation, but they may not be aware of how incompetent he really is.
I am of the opinion that he got behind on his mortgage in a desperate attempt to make J3 fly, and probably got far enough behind on his bills to have his current legal problems, but that will pass. I just wonder if these business associates from his Florida area are aware of Jim's running a public company, but not doing the required filings. Maybe they are aligning themselves with him now because he has given them his grand plan to make all things right with his GTGP fiasco. I cannot imagine that successful people would align themselves with Fallacaro, and J3 without doing a great amount of their own due diligence.
Not many do the right thing anymore, and Jim has a chance to do that. If he looks the other way while he enriches himself, and his family with a public offering of J3, then I hope he crawls in a hole, and dies which is not too far off anyway, given his current age. Thing is, he appears to have screwed Mark Beloyan too, along with his wife/family. With that in mind, I do lean slightly towards a positive resolution to the GTGP mess.
GTGP
Been cracked.
POETF
SUMMARY OF POET TECHNOLOGIES, INC. INTELLECTUAL PROPERTY INCOME VALUATION REPORT:
Prepared by : Michael J. Pellegrino
Pellegrino & Associates, LLC
10333 North Meridian Street, Suite 150
Indianapolis, IN 46290
Disclaimer
POET Technologies, Inc. (the “Company”) compensated Pellegrino & Associates, LLC (“P&A”) for the development of the report. P&A has no ownership interest in the Company. P&A researched and compiled the information contained in its report from sources P&A believed to be reliable. These materials are for informational purposes only and should not be used or construed as an offer to sell or a solicitation of an offer to buy any security. P&A, its affiliates, or any other person makes no representation or warranty, expressed or implied as to the accuracy, completeness, or correctness of this report. All opinions and estimates contained in this report constitute P&A opinions as of the date of this report and are provided in good faith, without legal responsibility. Nothing in this report constitutes legal, accounting, or tax advice or individually tailored investment advice. To the full extent permitted by law, neither P&A, nor any of its affiliates, nor any other person, accepts any liability whatsoever for any direct or consequential loss arising from any use of this report or the information contained herein.
It is important to note that a third party valuation is not an indication of interest by any party, nor does it represent an actual offer to purchase the POET intellectual property. As indicated in the report, the POET technology is still under development, and no assurances can be given that such development will be successfully completed, that the technology will be brought to commercial realization or that the Company's target markets will adopt this technology. Commercial applications of the technology will likely not be available for several years, if ever.
The fair market value estimate in the appraisal report does not necessarily reflect the actual price that the Company could realize from a true sale of its technology in a real market. Rather, the valuation reflects the notional value of the technology in an assumed market. This assumed market considers, among other things, the historic and prospective value of the technology in light of the associated business risk. The notional value does not include possible synergistic benefits or economies of scale that might accrue to the potential purchaser not already captured in the report. The notional value was also derived utilizing various assumptions and estimates relating to growth, establishing new markets, expansion into new markets and related plans other than statements of historical fact, which are forward-looking statements subject to a number of uncertainties that could cause actual value to differ materially from the third party valuation.
P&A makes no representations or assurances as to the Company's plans or ability to effect any planned and/or proposed actions. Furthermore, P&A derived its valuation based on certain technical information provided by the Company and related sources believed by the valuation firm to be reliable, but the valuation firm did not undertake an independent verification of the accuracy and completeness of this information, and no representation, expressed or implied, is made as to its accuracy, completeness or correctness. P&A is not an investment advisor, and its report is not investment advice.
In the real market, the technology could generate as many prices as there are buyers in the market, with each buyer having the ability to pay its own specific price based on its own specific set of circumstances. In the end, the final price will be the result of a set of negotiations between buyers and sellers that the valuation firm could not ascertain or forecast for the purpose of its engagement. However, P&A did test its value conclusions to ensure that there was a reasonable economic basis for its value opinion.
P&A prepared its report in accordance with the Uniform Standards of Professional Appraisal Practice ("USPAP" . The Company paid P&A a flat fee for its analysis that was in no way contingent on achieving any predetermined value conclusion. Further, P&A has no current or
contingent interest in the Company and has no duty to update its analysis to account for subsequent events.
Engagement Overview
The Company engaged P&A to perform a detailed analysis to identify, develop, and report on the fair market value of the Company’s intellectual property portfolio based on the Company’s contemporary business plans. The property subject to consideration includes economic income attributable to the Company’s POET intellectual property portfolio as it applies to the following items (hereinafter referred to as the “Subject Property”): the general computer market, which consists primarily of server computers, desktop computers, and laptop computers; the defense contractor market; the smartphone/tablet market; the memory market; the optical transceiver market; the baseband processor market; and the graphics processing unit market.
POET addresses a broad spectrum of applications (e.g., communications lasers, infrared sensors, pixel arrays, etc.) that may extend well beyond the basic licensing scenarios that P&A modeled, however, they did not consider or value any other assets or market applications in this valuation report nor did they conduct a fairness opinion for the Company.
Approaches to Determining Value
Three accepted approaches to valuing the Subject Property exist: the market approach (or sales comparison approach), the income approach, and the cost approach. Given the wide use and acceptance of the income approach to valuing intellectual property and P&A’s ability to apply it to this engagement in a manner consistent with valuation standards, in its opinion, based upon a reasonable degree of probability within the valuation profession, the income approach provided a credible value indication for the Subject Property.
Value Conclusion Using the Income Approach
P&A performed 10,000 simulations on two income valuation models using a Latin Hypercube sampling algorithm for 10,000 total value calculations.
The valuation model indicates the fair market value of the Subject Property in the markets considered at a 90% confidence level is between $851,235,961 and $4,271,102,920 with a mean value of $2,415,029,242 and a median value of $2,330,489,354. P&A used the statistical median as their expected value, as it removes the impact of improbable outliers. Therefore, in P&A’s opinion, based upon a reasonable degree of probability within the valuation profession, the fair market value of the Subject Property in the context of the POET licensing program is $2,330,489,354 using the income approach to value.
Core Engagement Assumptions
The following list includes key assumptions that P&A made during the execution of the Engagement:
• P&A did not perform primary market research, where it would, for example, interview and categorize a statistically significant sample of possible buyers in the target market. Instead, P&A relied on other independent sources (e.g., Frost & Sullivan, Gartner Inc., etc.) for such market data.
• P&A did not review or evaluate each patent or each patent’s claims individually, nor did P&A benchmark or evaluate the value proposition of each patent’s claimed inventions in the market vis-à-vis competing solutions.
• P&A did not perform independent analysis to evaluate the strength of the Company’s patent portfolio. P&A performed a sampling of U.S. patents as part of its analysis efforts and made certain assumptions regarding similarities and consistencies among various countries outside of the U.S. regarding the claim structure, the economic life, the market utility for inventions and the general patent rights that the Company holds.
• The Company would be able to operate at a level sufficient to fulfill the revenue forecast that the Company provided to P&A.
• The Company will have sufficient working capital in order to fulfill the revenue forecast that forms the basis for value conclusions presented within this report.
• The Company has the capability to license POET to one or more major semiconductor designers or manufacturers.
• The Company prospective customers agree with the value proposition identified in this report and agree to the general financial terms contained in the valuation model.
• All licensees remain solvent and can pay the Company’s royalties in accordance with the terms of the Company’s licenses.
• The market share among potential licensees does not vary enough to warrant any material change in the royalty amounts that we modeled.
The Company did not restrict P&A’s scope of review in any material way. P&A could not verify certain value drivers directly (e.g., the rate of future project adoption or POET’s success in an industrial scale). However, in P&A’s opinion, based upon a reasonable degree of probability within the valuation profession, the scope provided P&A with the ability to generate credible valuation results.
Definition of Value Standard
P&A used the efficient market hypothesis (EMH), cross-referenced with the definition of fair market value in Revenue Ruling 59-60, to aid a reasonableness test analysis for the Subject Property. The EMH is an investment theory that reflects the diffusion of information and the integration of it in the value of assets. The EMH provides an important context for understanding the definition of fair market value, particularly with respect to available information and the reflection of such information in value.
The intended use of the opinions and conclusions in P&A’s valuation report is to provide a value basis that the Company can use to guide its internal strategic decision making processes. The intended use expressly excludes any other purpose.
P&A based its opinions and conclusions presented in its valuation report upon a reasonable degree of probability within the valuation profession; however, the intended users understand that they cannot interpret P&A’s opinions and conclusions as a guarantee of value. P&A performed this engagement specifically for POET Technologies, Inc. The intended users of P&A’s valuation report are the Company’s executive management team.
Effective Date
The effective date of the opinions and conclusions in P&A’s report is March 1, 2014 and the effective date of the written report is July 22, 2014.
Significant Differences From Prior Valuation
P&A performed a valuation of the Company’s intellectual property portfolio in 2010. The format, content, and conclusions presented in this valuation report differ dramatically from the prior work product that P&A produced. P&A’s contemporary work product reflects the influences of new markets considered, new market dynamics, new developments in POET, a new management team, and a new focus on POET, among others. Significant changes include the following:
• Elimination of all grant-funded revenues.
• Lower running royalty rate compared to what P&A modeled originally.
• Longer validation and development process compared with what P&A modeled originally.
• Narrower focus in the computer marketplace, focusing only on about the top 10%-20% of computers sold that may benefit from POET usage as opposed to most computers sold that employ processors sold by a particular licensee.
• Narrower customer base and a different revenue model, dependent more heavily initially on up-front, nonrecurring engineering fees as opposed to product royalties.
• Different royalty structure with the University of Connecticut.
• Addition of several market applications not previously considered.
• Company representatives would not be able to license POET on a value basis to its licensees, whereby the Company captures a percentage of the total value of the product sales.
Naturally, all of these factors drive some of the key material differences in the value conclusion in P&A’s report compared with P&A’s prior work product. Given the dramatically different structure of the valuation model that P&A built for this report versus the prior report, P&A were not able to localize the variances specifically to the items that P&A highlighted.
Considerations of New Management Team
P&A’s prior valuation conclusion depended heavily on representations and warranties made by the Company’s prior management team. Significant representations and warranties that P&A depended on included the following:
• Company representatives would have the POET platform commercially ready to sell within the timeline described in the original report.
• Company representatives would be able to close customers in the key markets that we modeled in accordance with the conditions that we modeled.
• Company representatives would be able to license POET on a value basis to its licensees, whereby the Company captures a percentage of the total value of the end product sales.
• The Company would be able to generate grant revenues in accordance with the schedule that the Company representatives provided to P&A.
• The Company would incur a cost structure in accordance with the budget that it provided to P&A.
Over the course of the nearly four years that transpired since P&A’s initial work with the Company team, P&A knew that the prior Company team was not able to actualize many of the previous significant conditions that P&A modeled in their valuation model. Critical review of P&A’s work product gives rise to the necessity to discuss the significant departure by the prior Company management team to the prior monetization plan and revenue forecast that P&A developed in concert with the prior Company management team. The prior underperformance may give rise to a higher degree of uncertainty associated with a contemporary revenue forecast developed in concert with the Company management team or a greater uncertainty associated with future forecasting activities. P&A probed the current Company management team in detail regarding what circumstances might be different for this engagement compared with P&A’s prior engagement.
P&A found the current Company team to be quite receptive to such a sensitive discussion. P&A found Company representatives to be realistic about the significant factors of differentiation for the current management team compared with the prior management team. They are as follows:
• New team in place: The Company in some respects starts with a clean slate. Except for Mr. Pierhal, every member of the board of directors and senior management is new to the company since 2012. Each member brings a fresh set of eyes to a company embroiled in a longer, dynamic history in the solar industry.
• New clarity on monetization pathway: In our discussions with Company representatives during this project, we found a remarkable clarity on the monetization pathway for the Company. In particular, the Company has recently staffed the Company with a seasoned professional in the semiconductor, telecommunications, and process industries. Company staff now has a deliberate and detailed plan of action that provides P&A with a greater degree of confidence in the forecast that P&A developed in concert with Company representatives.
• New strategic relationships: Per Company representatives, the Company is developing today a strategic relationship with a leading company in the electronic design automation industry which works with all major semiconductor designers and fabricators. Specifically, such company develops tools and provides services for digital system-on-chip designs. Per Company representatives, it will be much easier to market POET and to gain market acceptance, if and when, the Company can provide the associated structure models in a ready-to-use form, as is common with other technology providers.
• More mature knowledge transfer process: In P&A’s prior engagement, the Company did not have such a maturity in knowledge transfer process as it does now, especially with the developing collaboration. In fact, Company representatives set a milestone to have a full
technology development kit (TDK) documentation ready for delivery to prospective licensees by the end of Q1, 2014.
• Greater executive energy: Per discussions with Company representatives, the new executive team brings a great deal of new energy to the Company. Moreover, the Company today is a focused company that has only one objective — to bring POET to the marketplace. In 2010, the Company was a small component in a larger company focused in the solar industry. Today, the entire executive energy focuses on POET. There is no distraction from the solar company and the associated challenges that came with the solar operation.
• New marketing efforts: Per our discussions with Company representatives, the Company has been much more aggressive in marketing POET to market and PTI has already made inroads of varying degrees with several large technology companies based on marketing efforts in San Jose, CA and Austin, TX that started in mid-December, 2013. In addition, Company representatives are focusing on a higher degree of publication of technical milestones to enable greater market awareness and excitement for what POET has to offer.
• Greater technology certainty: Per discussions with PTI representatives, PTI today has less uncertainty with POET. PTI has had third party validation of a variety of the POET structures including the optical thyristor-based infrared detector array.
• Financial stability: Per discussions with Company representatives, as of the effective date of P&A’s report, the Company had sufficient cash in the bank that, with its current burn rate, absent any cash flows from non-recurring licenses fees, the Company could continue to operate for at least 27 more months from the effective date without having to raise any new capital. Moreover, Company representatives have stated that there are also significant outstanding warrants that are in the money and are exercisable; thus, such non-dilutive financing could provide the Company with any necessary cash infusions that Company representatives believe could sustain the
Company’s strategic plans. In short, unlike P&A’s prior engagement, Company representatives believe they have no further need to go back to the market for additional funds to fulfill the basic strategies captured in P&A’s report, however, they may seek further financing if warranted and appropriate.
Risk Associated With Subject Property Value
While certain sustainable competitive advantages exist relating to the Subject Property, there are also associated risks. The following are key risks P&A identified in their analysis:
• Possible long path to profitability;
• Many potential failure points;
• Unproven business model;
• Timing of revenues:
• Requirement to invest capital by end-users (Semiconductor fabricators and application developers that employ POET);
• Possible working capital need:
• Investor fatigue with the Company investment;
• Undercapitalization;
• High switching costs for existing semiconductor fabricators to implement the POET manufacturing process;
• Institutional resistance to change;
• Remaining economic life of pioneering patents may be too limited;
• Freedom to operate may be limited by reason of potential patent infringement claims;
• Management must execute the modeled business plan;
• Reliance on key personnel;
• Potential patent validity challenges;
• GaAs limitations;
• Attempts to design around patents;
• Limited functional prototypes;
• Necessity to decrease process size to be competitive;
• Unknown yield relative to the purity levels of the GaAs wafer;
• GaAs semiconductor fabrication capacity is currently limited because of dominance of Si substrate in the semiconductor market;
• Higher initial cost of GaAs;
• Emerging competitive technologies;
• GaAs manufacturing conversion time from Si to GaAs fabrication capacity by chipmakers;
• Legacy component support – potential reluctance by many product designers to integrate many versions of products into a single chip;
• Product development timeline - it will take time to design components based on POET.
• Time-to-market risk;
• Limited number of licensees - the number of licensees that the Company can approach varies by market;
• Industry Standards - the semiconductor industry relies heavily on industry standard architectures in each market segment;
• Litigation costs - IP litigation is the sport of kings and it is costly;
• Potential loss of opportunity to collect damages for any patent infringement that occurs before it registers its works with the U.S. Copyright Office;
• Functional realization of patents;
• Potential attempts to design around intellectual properties;
POET still carries developmental risk that P&A accounted for with its discount rate.
Income Approach Valuation Methodology
P&A used the discounted future economic income method of the income approach to establish value for the Subject Property. They built a discounted cash flow model for the valuation scenarios to determine the anticipated economic income from the rights to own and use over a discrete period. They then used the discounted cash flow method to determine the quasi perpetual value component after the discrete period that they modeled. They used annual market data, revenue projections, revenue trends, investment data, and cost data as provided to us by the Company and sources that they reviewed independently as a basis for the value development. Subsequently, P&A integrated their findings into a valuation model, accounting for costs and appropriate capital needs. They then developed an appropriate discount rate to determine the value of respective assets as of the effective date, as they describe in the Discount Rate section of their report described below. They then discounted the economic income using that discount rate to determine a nominal value indication as of the report’s effective date.
Discount Rate
The issue of selecting an appropriate discount rate is one of the most important decisions a valuation analyst has to make when using an income approach to value. The value impact of the discount rate is large. Larger discount rates lead to a lower value, and vice versa. When calculating the discount rate, the valuation analyst must consider the risk profile for the project and adjust the discount rate to account for additional risk. It is common that a company’s weighted average cost of capital (WACC) or its cost of equity (depending on the financial structure of the asset under consideration) may be an appropriate proxy for an appropriate discount rate. P&A used a median discount rate at least 50% greater than what such models would suggest, employing a baseline discount rate of 32.90% that could vary above 40% depending on circumstances. In P&A’s opinion, based upon a reasonable degree of probability within the valuation profession, this discount rate is appropriate for the Subject Property.
Sensitivity Analysis
P&A performed a regression analysis of key exogenous variables in the valuation model. While P&A modeled hundreds of discrete value drivers in the valuation model, the regression analysis suggests that the following key value drivers have the greatest impact on the overall value conclusion:
• Key licenses.
• The Company’s ability to execute.
• Economic life of the patent portfolio.
In P&A`s opinion, based upon a reasonable degree of probability within the valuation profession, the income approach provided a credible indication of value for this engagement for the following reasons:
• They had reasonable data and definitions for all revenues, operating costs, and capital needs.
• They simulated the business model 10,000 times to account for the uncertainty of certain valuation assumptions that we made in the valuation model.
• They tested the simulation results to ensure that they did not have conditions of multicollinearity, which could distort the statistical results that they generated.
In P&A`s opinion, based upon a reasonable degree of probability within the valuation profession and the quantity and quality of available data, the income approach to value provided a credible value for this engagement.
Limiting Conditions
P&A presented their report subject to the following general contingent and limiting conditions:
• Users of this report must recognize that valuations are based on future earnings potential that may or may not materialize. Therefore, the actual results achieved during the forecast period will likely vary from the forecasts in this valuation and the variations may be
material.
• Some assumptions invariably will not materialize. Unanticipated events and circumstances may occur. Therefore, the actual performance in any forecast areas will vary from what was forecasted. Those variations may be material. P&A will not express any form of assurance on the likelihood of achieving the forecast or on the reasonableness of the assumptions used within this report. P&A does not intend for any forecasts described in this report to stand separate from its report.
• The value premise(s) cited in this report are fundamental to the value opinions rendered herein, and P&A reserves the right to reconsider such premise(s) should it discover subsequent or additional information, although no such obligation exists.
• P&A has relied upon the representations of the owners, management, and other qualified third parties concerning the value and useful condition of all assets under consideration, except as specifically stated to the contrary in this report. P&A has not attempted to confirm whether or not all assets are free and clear of liens and encumbrances, or that the owner has good title to all assets.
• Since neither management nor advisors have advised P&A otherwise, P&A assumes that there is full compliance with all applicable federal, state, and local laws and regulations unless the lack of compliance is stated, defined, and considered in the valuation report.
• P&A used public information and purchased private information and industry statistical information from sources it deems reliable; however, P&A makes no representation as to the accuracy or completeness of such information and has accepted the information without further verification.
• P&A assumes no hidden or unapparent conditions regarding the Subject Property.
• P&A intends no opinion, counsel, or interpretation in matters that require legal or other appropriate professional advice. P&A presumes that the reader will obtain such opinions, counsel, or interpretations from appropriate professional sources.
• The analyses, opinions, and conclusions presented in this report apply to this engagement only and may not be used out of the context presented herein. This report is valid only for the effective date(s) specified and only for the purpose(s) specified herein.
• Although P&A has exerted considerable diligence and applied its best efforts in constructing this document, immaterial anomalies, if any, may arise. Even so, P&A is confident that its overall conclusion would still fall within a materially consistent conclusion.
• While the client has not informed P&A of any intent to do so, any third parties to whom this report is shown may be assured that this report, while performed in the employ of the client, was materially prepared on a non-advocacy basis. Any third persons, however, are cautioned that P&A has no duty to these third persons and, therefore, implies no express or implied warranties to the client or third parties. Nothing in this report is intended to replace the independent sole judgment, due diligence, or decision to seek professional, legal, accounting, or valuation counsel of a third party.
• This report has been prepared solely for the use of the party or parties named and specifically for the purposes set out therein. In accordance with normal practice, P&A hereby disclaims liability to any other person. Any other person should not rely upon the information and conclusions reached, nor should any statement in this report be used for any other purpose without written consent from P&A.
• The statements and opinions given in this report are given in good faith and in the belief that such statements are not false or misleading. In preparing this report, P&A has relied upon information believed to be reliable and accurate provided by the owners, management, and advisors of the asset owner and other sources. P&A has no reason to believe that any material facts have been withheld from it, nor does P&A warrant that its investigation has revealed all of the matters in which an audit or more extensive examination might disclose.
• This valuation reflects facts and conditions existing at the date of this valuation. P&A has not considered subsequent events, and P&A has no obligation to update its report for such events and conditions.
• P&A does not purport to be a guarantor of value. Valuation is an imprecise science, with value being a question of fact, and reasonable people can differ in their estimates of value. P&A, however, performed conceptually sound and commonly accepted methods and procedures of valuation in determining the estimate of value included in this report. P&A is not liable for any use, reliance, financial applications, report distribution, or other utilization of any kind by any party not having written authorization from P&A.
• An actual transaction may be completed at a value higher, lower, or equal to the value rendered herein. P&A makes no guarantee of any kind with regard to the likely or ultimate amount that may result in any future transaction.
• The opinion(s) offered in this report do not constitute an offer to buy or sell securities.
• The valuation analyst, by reason of performing this valuation and preparing this report, is neither required to give expert testimony nor attend in court or any government, professional, or regulatory hearing, including IRS matters with reference to the matters contained herein, unless prior written arrangements have been made with P&A regarding such additional engagement as to the timing, fee arrangements, and nature of the services required.
• None of the partners or employees of P&A has any present or contemplated future interest in the property being valued, any personal interest with respect to the parties involved, or any other interest that might prevent P&A from performing an unbiased valuation. P&A’s compensation is not contingent on an action or event resulting from the analysis, opinions, or conclusions in, or the use of, this report.
• Neither all nor any part of the contents of this report shall be disseminated to the public through advertising, public relations, news, sales, or other media without P&A’s prior written consent and approval.
• Possession of this report does not carry with it the right of publication. This report may not be used for any purpose by any person other than the client to whom it is addressed without the express written consent of P&A, and, in any event, only with proper written qualifications and only in its entirety.
• Liability of P&A and its partners and employees for errors and omissions, if any, in this work will be limited to the amount of its compensation for the work performed in this engagement, but only to the extent that such compensation has been paid to P&A.
• This report is further subject to any other contingencies, assumptions, and limiting conditions that may be set out elsewhere within this report.
http://www.sedar.com/DisplayCompanyDocuments....o=00003983
Agreed.
GTGP
1.4 million shares dumped about 15 mins. ago.
This awful slide continues here.
Lack of faith imo.
SFRX
I re-read the licensing agreement between GTGP, and $EMHI (because $EMHI is showing signs of life), and the period of the agreement is for ten years, however GTGP was obligated to provide some business for them inside of the first three years, or the agreement is cancelled. I have no idea now if GTGP is still alive with EMHI, but the GTGP website still shows the agreement (which means nothing). Possibly the big hand that MSE played in the testing from the cement plant, and the fact that Jim started J3 with those same people will cause, EMHI to keep the agreement, or possibly, some sort of business allowed the agreement to remain alive. We should definitely know more over the next twelve months, at least I would expect to know more because of the EPA deadlines coming up. I am definitely no apologist for the sorry way that Jim has run things, including his lack of communication with his shareholders, but I do care about all of us shareholders who were burned.
Yes, too busy with foreclosure games to remember to file financials.
Events
Date Event Judge Location Result
8/28/2014 2:00 PM MOTIONS FORECLOSURE CONTESTED COURTROOM 2 (CRIMINAL JUSTICE CENTER)
8/28/2014 1:30 PM MOTIONS FORECLOSURE CONTESTED COURTROOM 2 (CRIMINAL JUSTICE CENTER) CNCL
5/6/2014 9:00 AM MOTIONS FORECLOSURE CONTESTED COURTROOM 2 (CRIMINAL JUSTICE CENTER)
7/23/2013 2:30 PM MOTIONS BAILEY, DEBORAH COURTROOM 1 (CRIMINAL JUSTICE CENTER)
Case Dockets
Date Entry
7/25/2014 NOTICE OF HEARING
7/22/2014 COURT EVENT SET EVENT: MOTIONS DATE: Aug 28 2014 2:00PM JUDGE: FORECLOSURE CONTESTED LOCATION: JACS
7/22/2014 *** CANCELLED - COURT EVENT SET EVENT: MOTIONS DATE: Aug 28 2014 1:30PM JUDGE: FORECLOSURE CONTESTED LOCATION: JACS
7/22/2014 COURT EVENT SET EVENT: MOTIONS DATE: Aug 28 2014 1:30PM JUDGE: FORECLOSURE CONTESTED LOCATION: JACS
6/16/2014 PLAINTIFF'S RESPONSE TO DEFENDANT(S), CORRINE FALLACARO AND JAMES FALLACARO'S MOTION TO DISMISS
5/27/2014 NOTICE - PLTF HAS RESPONDED TO DEFT CORRINE J FALLACARO'S DISCOVERY REQUEST
5/22/2014 MOTION TO DISMISS THE AMENDED COMPLAINT - DEFENDANTS
5/12/2014 NOTICE OF CHANGING ATTORNEY WITHIN RONALD R WOLFE & ASSOCIATES, PL AND DESIGNATION OF PRIMARY EMAIL ADDRESS
5/6/2014 ORDER ON PLAINTIFF'S MOTION FOR LEAVE TO FILE AMENDED MORTGAGE FORECLOSURE COMPLAINT
5/6/2014 COURT APPEARANCE FORM - CIVIL
4/15/2014 NOTICE OF CHANGING ATTORNEY WITHIN RONALD R WOLFE & ASSOCIATES PL AND DESIGNATION OF PRIMARY EMAIL ADDRESS PURSUANT TO FLORIDA RULE OF JUDICIAL ADMINISTRATION RULE 2.516 B 1 A
3/28/2014 NOTICE OF HEARING
3/25/2014 COURT EVENT SET EVENT: MOTIONS DATE: May 6 2014 9:00AM JUDGE: FORECLOSURE CONTESTED LOCATION: JACS
2/24/2014 VERIFIED AMENDED COMPLAINT TO FORECLOSURE MORTGAGE
2/24/2014 MOTION FOR LEAVE TO FILE AMENDED MORTGAGE FORECLOSURE COMPLAINT
10/13/2013 NOTICE OF FILING - ATTACHED AFFIDAVIT IN SUPPORT OF MOTION FOR SUMMARY JUDGMENT
10/6/2013 CORRINE FALLACARO AND JAMES FALLACARO RESPONSE TO AFFIRMATIVE DEFENSES
10/3/2013 PLAINTIFF'S RESPONSE TO DEFENDANTS' REQUEST FOR PRODUCTION
9/3/2013 PLAINTIFF'S MOTION FOR EXTENSION OF TIME TO FILE A RESPONSE TO REQUEST FOR PRODUCTION AND INTERROGATORIES FILED BY DEFENDANT CORRINE J FALLACARO AKA CORINNE J FALLACARO AKA CORINNE FALLACARO AND JAMES FALLACARO ATTORNEY: BURRIS, SHILPINI V (0027205)
9/3/2013 PLAINTIFF'S REPSPONSE TO DEFENDANTS CORRINE J FALLACARO A/K/A CORINNE J FALLACARO A/K/A CORINNE FALLACARO & JAMES FALLACARO'S REQUEST FOR ADMISSIONS
8/23/2013 NOTICE OF FILING - AFFIDAVIT OF MILITARY STATUS AND DATA MANPOWER FOR JAMES FALLACARO
8/23/2013 NOTICE OF FILING - AFFIDAVIT OF MILITARY STATUS AND DATA MANPOWER FOR CORRINE J FALLACARO A/K/A CORINNE J FALLACARO A/K/A CORINNE FALLACARO
8/19/2013 ANSWER AND AFFIRMATIVE DEFENSES - CORRINE FALLACARO AND JAMES FALLACARO
8/12/2013 DEFENDANTS' FIRST REQUEST FOR PRODUCTION OF DOCUMENTS
8/12/2013 DEFENDANTS' REQUEST FOR ADMISSIONS
8/12/2013 NOTICE OF SERVICE OF DEFENDANTS FIRST SET OF INTERROGATORIES TO PLAINTIFF
7/25/2013 ORDER ADOPTING RECOMMENDED ORDER - RECOMMENDED ORDER OF MAGISTRATE -MOTION DISMISS
7/24/2013 RECOMMENDED ORDER OF MAGISTRATE ON DEFENDANT'S MOTION TO DISMISS
7/23/2013 COURT EVENT SET EVENT: MOTIONS DATE: 07/23/2013 TIME: 2:30 PM JUDGE: BAILEY, DEBORAH LOCATION: COURTROOM 1 (CRIMINAL JUSTICE CENTER)
6/20/2013 NOTICE OF HEARING
6/14/2013 ORDER OF REFERRAL TO MAGISTRATE
6/3/2013 NOTICE OF FILING - AFFIDAVIT AS TO AMOUNT DUE AND OWING
5/30/2013 PLAINTIFF'S RESPONSE - TO DEFENDANT(S) CORRINE FALLACARO AND JAMES FALLACARO'S MOTION TO DISMISS
5/29/2013 PLAINTIFF'S RESPONSE TO DEFENDANT(S) CORRINE FALLACARO AND JAMES FALLACARO'S MOTION TO DISMISS ATTORNEY: BURRIS, SHILPINI V (0027205)
5/24/2013 RESPONSE - TO DEFT'S MOTION TO DISMISS
4/29/2013 NOTICE - CHANGE FIRM NAME
4/29/2013 NON-RESIDENT COST BOND RECEIPT: 816396 DATE: 04/29/2013
4/19/2013 SUMMONS NON SERVED - TENANT #2
4/19/2013 SUMMONS SERVED - JPMORGAN CHASE BANK NATIONAL ASSOCIATION - CORPORATE SERVICE TO DONNA MOCH AS SUPERVISOR OF PROCESS AUTHORIZED TO ACCEPT SERVICE
4/19/2013 SUMMONS SERVED - JAMES FALLACARO
4/19/2013 SUMMONS NON SERVED - THE UNKNOWN SPOUSE OF CORRINE J FALLACARO A/K/A CORRINE J FALLACARO A/K/A CORINNE FALLACARO
4/19/2013 SUMMONS NON SERVED - TENANT #1
4/19/2013 SUMMONS SERVED - HSBC BANK NEVADA NA -- CORP SERVE: RON ROSSI
4/19/2013 SUMMONS SERVED - CORRINE J FALLACARO AKA CORINNE J FALLACARO AKA CORINNE FALLACARO -- SUB SERVE: JAMES FALLACARO
4/15/2013 NOTICE - OF BORROWER NON-PARTICIPATION OR TERMINATION OF RMM PROGRAM
4/11/2013 NOTICE OF FILING COSTS BOND - (NOT ATTACHED)
4/11/2013 NOTICE OF APPEARANCE - CORRINE FALLACARO AND JAMES FALLACARO ATTORNEY: VIOLETTE, C RYAN (0071018)
4/11/2013 DEFENDANT'S MOTION - TO DISMISS (CORRINE FALLACARO AND JAMES FALLACARO) ATTORNEY: VIOLETTE, C RYAN (0071018)
4/11/2013 NOTICE - OF LEAD COUNSEL AND DESIGNATION OF E-MAIL
3/18/2013 SUMMONS ISSUED - TENANT #2
3/18/2013 SUMMONS ISSUED - TENANT #1
3/18/2013 SUMMONS ISSUED - JAMES FALLACARO
3/18/2013 SUMMONS ISSUED - THE UNKNOWN SPOUSE OF CORRINE J. FALLACARO A/K/A CORINNE J. FALLACARO A/K/A CORINNE FALLACARO
3/18/2013 SUMMONS ISSUED - CORRINE J. FALLACARO A/K/A CORINNE J. FALLACARO A/K/A CORINNE FALLACARO
3/18/2013 SUMMONS ISSUED - HSBC BANK NEVADA, N.A.
3/18/2013 SUMMONS ISSUED - JPMORGAN CHASE BANK NATIONAL ASSOCIATION
3/18/2013 SUMMONS CIRCUIT EFILED - REQUEST FOR ISSUANCE- TENANT #2 - NOTICE FROM THE COURT REGARDING LAWSUITS TO FORECLOSURE MORTGAGES ON HOMESTEADS - NOT ATTACHED - RECEIPT: 807404 DATE: 03/18/2013
3/18/2013 SUMMONS CIRCUIT EFILED - REQUEST FOR ISSUANCE- TENANT #1 - NOTICE FROM THE COURT REGARDING LAWSUITS TO FORECLOSURE MORTGAGES ON HOMESTEADS - NOT ATTACHED - RECEIPT: 807404 DATE: 03/18/2013
3/18/2013 SUMMONS CIRCUIT EFILED - REQUEST FOR ISSUANCE- JAMES FALLACARO - NOTICE FROM THE COURT REGARDING LAWSUITS TO FORECLOSURE MORTGAGES ON HOMESTEADS - NOT ATTACHED - RECEIPT: 807404 DATE: 03/18/2013
3/18/2013 SUMMONS CIRCUIT EFILED - REQUEST FOR ISSUANCE- THE UNKNOWN SPOUSE OF CORRINE J. FALLACARO A/K/A CORINNE J. FALLACARO A/K/A CORINNE FALLACARO - NOTICE FROM THE COURT REGARDING LAWSUITS TO FORECLOSURE MORTGAGES ON HOMESTEADS - NOT ATTACHED - RECEIPT: 807404 Date: 03/18/2013
3/18/2013 SUMMONS CIRCUIT EFILED - REQUEST FOR ISSUANCE- CORRINE J. FALLACARO A/K/A CORINNE J. FALLACARO A/K/A CORINNE FALLACARO - NOTICE FROM THE COURT REGARDING LAWSUITS TO FORECLOSURE MORTGAGES ON HOMESTEADS - NOT ATTACHED - RECEIPT: 807404 DATE: 03/18/2013
3/18/2013 SUMMONS CIRCUIT EFILED - REQUEST FOR ISSUANCE- HSBC BANK NEVADA, N.A. - NOTICE FROM THE COURT REGARDING LAWSUITS TO FORECLOSURE MORTGAGES ON HOMESTEADS - NOT ATTACHED - RECEIPT: 807404 DATE: 03/18/2013
3/18/2013 SUMMONS CIRCUIT EFILED - REQUEST FOR ISSUANCE- JPMORGAN CHASE BANK NATIONAL ASSOCIATION - NOTICE FROM THE COURT REGARDING LAWSUITS TO FORECLOSURE MORTGAGES ON HOMESTEADS - NOT ATTACHED - RECEIPT: 807404 DATE: 03/18/2013
3/18/2013 FORECLOSURE FORM B
3/18/2013 FORECLOSURE FORM A
3/18/2013 NOTICE- VALUE
3/18/2013 ADDITIONAL DEFENDANTS IN EXCESS OF FIVE @ $2.50 PER DEFENDANT RECEIPT: 807404 DATE: 03/18/2013
3/18/2013 LIS PENDENS FILED AND RECORDED
3/18/2013 COMPLAINT FORECLSE >$250,000 RECEIPT: 807404 DATE: 03/18/2013
3/18/2013 CIVIL COVER SHEET
Looks like many have voted with the sell button since the PR. Too bad. Better to keep your positions, and go into several stocks. Increase your chances rather than selling for a loss. imo
Have a good weekend all.
The original agreement with EMHI was in June 2011, and is good for 10 years.
http://www.glbtech.com/upload_user/east%20morgan%20joint%20venture.pdf
http://news.msn.com/us/family-finds-300-year-old-sunken-treasure-off-floridas-east-coast
ORLANDO Fla. (Reuters) - A Florida family scavenging for sunken treasure on a shipwreck has found the missing piece of a 300-year-old gold filigree necklace sacred to Spanish priests, officials said on Tuesday.
Eric Schmitt, a professional salvager, was scavenging with his parents when he found the crumpled, square-shaped ornament on a leisure trip to hunt for artifacts in the wreckage of a convoy of 11 ships that sank in 1715 during a hurricane off central Florida's east coast.
After the discovery last month, a team of Spanish historians realized the piece fit together with another artifact recovered 25 years ago. It formed an accessory called a pyx, worn on a chain around a high priest’s neck to carry the communion host. The dollar value is uncertain.
"It's priceless, unique, one of a kind," said Brent Brisben, operations manager for 1715 Fleet – Queens Jewels, which owns rights to the wreckage, located in 15-foot (4.5-meter) deep Atlantic Ocean waters.
Schmitt, who lives near Orlando, last year discovered about $300,000 worth of gold coins and chains from the same wreckage, Brisben said. Schmitt's parents have hunted for sunken treasure as a hobby for a decade.
By law, the treasure will be placed into the custody of the U.S. District Court in South Florida, Brisben said. The state of Florida may take possession of up to 20 percent of the find. The rest will be split evenly between Brisben's company and the Schmitt family.
Another
choi fiasco?
wow.
Not surprised.
Key benefits of the POET platform include:
1. Up to 100x speed improvement over CMOS silicon (silicon hits a “power wall” at about 4 GHz that has limited circuit speeds to about 3.2 GHz over the last 10 years)
2. 10-100x power efficiency improvement over CMOS silicon (depending on application)
3. Flexible application that can be applied to virtually any technical application, including memory, digital/mobile, sensor/laser and electro-optical, among many others.
4. No retrofit or other modifications to existing silicon fabs required – Since POET/PET are CMOS technologies fabricated using standard lithography techniques; they are easily integrated into current semiconductor production facilities extending the profitable utilization of fabrication equipment and production lines that would otherwise be considered at the end of life.
THE VALUATION OF POET TECHNOLOGIES
The valuation was done by an independent third party valuation company.
First valuation (referred to as "P1") P1 = $1 (billion) (Done in 2011)
Second valuation (referred to as "P2") P2 = X (billion) (Most likely completed, and we await the valuation).
Personally, I am expecting P2 between $5-10 (billion).
Rounding of the company's current value = $5.00/share.
$5.00 x a valuation of 5 billion = $25/share.
$10.00 x a valuation of 10 billion = $50/share.
The GLOBAL semiconductor market is approximately $300 billion/year.
If POET Technologies captures only 1% of that market, this would equate to $3 billion in revenue annually. (NOTE: the global semiconductor sales/industry is expected to reach $430 billion by 2015.)
"POET" (Planar Opto Electronic Technology) platform is a patented semiconductor fabrication process that uses gallium arsenide technology to combine electronic and optical elements on a single integrated circuit.
Personally, if POET's technology is launched, accepted, and propagated throughout the global semiconductor industry, then I can see much more of the market becoming theirs than 1%.
As Dr. Taylor said "The jury is still out on what technology will catalyze the next wave of semiconductor innovation and deliver massive improvements in the size, power, speed and cost of chipsets that will power tomorrow’s commercial and consumer products. But what is clear is that today’s silicon-based integrated circuits and manufacturing processes are increasingly unsustainable – and will soon come to an end." 8-1-2013
Dr. Taylor also said ""However they do it, they're going to end up with POET." 4-28-2014. (Sounds like the picture has become much clearer to Dr. Taylor imo.)
POETF
"However they do it, they're going to end up with POET"
Dr. Geoff Taylor, Chief Scientist for POET Technologies.
http://www.vvcnetwork.ca/empireclub/20140428-taylor/
POETF
Imo why a sell off today:
"this permit allows Seafarer to begin the investigation, research and archaeological excavation"
Sounds to some, like another log, drawn out process is beginning, and they are not up for another long wait. Too bad because these things take time as many here already know.
"this area produced artifacts of significant importance"
People want to hear the words gold, gold coins, gold bars, silver, silver coins, silver bars, jewels, etc.
"there is an 18th century historical shipwreck in this vicinity"
People wanted to hear that a treasure ship, or a known treasure ship is being sought, and not one of historical importance.
Personally, I believe that the PR is worded with an emphasis on "historical" for the benefit of the Florida Bureau of Archaeology Research. Better to sound like research is high on the list of motives, and not just digging for treasure. This is beneficial to them in obtaining future permits. In the end, even if no treasure, as we picture it in our heads, is ever found, there may still be artifacts of significant value which can then be monetized.
Buys these dips, add on dips.
SFRX
Tx mw :)
POETF
UPDATED Compilation of DD on POET Technologies!
(kudos to sevenOdouble)
DD Collection of "POET Technologies Inc."
Business Description:
POET Technologies is a semiconductor device and process developer. With its head office in Toronto, Ontario, Canada and its operations office in Storrs, Connecticut, the Company through ODIS Inc., a U.S. Company, designs III-V semiconductor devices for military, industrial and commercial applications, including infrared sensor arrays and ultra-low-power random access memory. POET Technologies has various patents issued and pending in the semiconductor POET process. The POET process enables the monolithic fabrication of integrated circuits containing both electronic and optical elements, with potential high-speed and power efficient applications in devices such as servers, tablet computers and smartphones.
Dr. Geoff Taylor, the Company’s Chief Scientist, and his team have developed the POET technology over the past 24 years funded in part by development grants provided by the US government and military. Dr. Taylor currently conducts research at the University of Connecticut (UConn) in Storrs, CT. The Company has 34 patents issued and 7 patents pending.
Contact Info:
North American Operations Office:
PO Box 555
STORRS-MANSFIELD, CT 06268 USA
Phone: (646) 284-9426
Fax: (401) 295-4389
The Company’s head Canadian office is located in a 1,400-sq. ft. rented office space in Toronto, Ontario, Canada.
Company has its operational office in a 5,371-sq. ft. leased office space in Storrs-Mansfield, Connecticut, on the campus of Uconn.
Canadian Office:
Suite 501, 121 Richmond Street West
Toronto, Ontario Canada M5H 2K1
Phone: (416) 368-9411
Fax: (416) 861-0749
Website: http://www.poet-technologies.com/
Contact: http://www.poet-technologies.com/contact/
Financial Reporting/Disclosure:
OTC Market Tier: OTCQX International
Reporting Status: International Reporting: TSX Venture Exchange
Company File # on SEDAR & SEDI: "00003983"
CIK number: 0001437424
Fiscal Year End: 12/31
Audited Financials: Audited
Latest Annual Report Dec 31, 2013:
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=118619
Company Financial Reports & Disclosure on OTCQX:
http://www.otcmarkets.com/stock/POETF/filings
Company News & Disclosure on SEDAR (Canadian SEC equivalent):
http://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00003983
Company News & Disclosure on TSX Venture:
http://infoventure.tsx.com/TSXVenture/TSXVentureHttpController?GetPage=CompanyDocuments&PO_ID=1074440&HC_FLAG2=Y&NewsReleases=on&BulletinsMode=on
Investment Industry Regulatory Organization (Canadian FINRA equivalent):
http://www.iiroc.ca/Pages/default.aspx
POET Technologies Inc. on SEC:
http://www.sec.gov/cgi-bin/browse-edgar?CIK=0001437424&action=getcompany
SoS Delaware Info (Use Entity Search & enter "ODIS" or "OPEL".)
https://delecorp.delaware.gov/tin/GINameSearch.jsp
POETF (& Old OPELF) on OTCBB:
http://www.otcbb.com/asp/dailylist_search.asp?SearchSymbolForm=TRUE&OTCBB=ALL&searchby=symbol&searchfor=OPELF&searchwith=Starting&image1.x=-266&image1.y=-461
Profile Data:
SIC - Industry Classification: 3674 - Semiconductors and related devices
Incorporated In: Canada
Corporation number in Ontario is: "641402"
Year of Inc: 2007
Employees: 17 a/o Dec 31, 2013
17 full-time employees & 3 part-time employees/consultants, including senior management; 7 of these employees are engaged in research & development initiatives; 7 of these employees are employed at the Canadian office & 3 are employed at the U.S. Operations office.
Company Officers:
Peter Copetti: CEO
Leon M. Pierhal: President
Kevin Barnes: CFO
Michel J. LaFrance: Corporate Secretary
Christopher Lee Sheppard: VP, Tech.
Blaine Grisel: Controller
Company Directors:
Mark Benadiba: Executive Chairman
Peter Copetti: Executive Chairman
Adam Chowaniec
Chris Tsiofas
John F. O'Donnell
Samuel Peralta
(see more info below)
Company Notes:
Formerly=OPEL Technologies, Inc. until 7-2013
Formerly=OPEL Solar International, Inc. until 9-2011
Formerly=OPEL International, Inc. until 12-2010
Service Providers:
Auditor/Accountant:
Auditor, Marcum LLP
750 Third Ave
New York, NY, 10017
212-485-5500
http://www.marcumllp.com
info@marcumllp.com
Legal Counsel & OTCQX Advisor:
Pierce Atwood LLP
Legal Counsel, DAD/PAL
Merrill's Wharf
254 Commercial Street
Portland, ME, 04101
207.791.1100
http://www.pierceatwood.com/
REGISTRAR AND TRANSFER AGENT:
TMX Equity Transfer Services
Suite 400, 200 University Avenue
Toronto, Ontario M5H 4H1
Tel: (416) 361-0152
Fax: (416) 361-0470
E-mail: info@equityfinancialtrust.com
Investor & Public Relations Firms:
Taylor Rafferty:
New York 80 Broad Street
New York, New York 10004 USA
Tel +1 212 889 4350
London 85 Fleet Street
London EC4Y 1AE
United Kingdom
Tel +44 207 614 2916
http://www.taylor-rafferty.com/
info@taylor-rafferty.com
http://www.linkedin.com/company/taylor-rafferty
Christopher Chu
(212) 889-4350
poet@taylor-rafferty.com
Transfer Agent:
Equity Financial Trust Co
200 University Avenue, Suite 400
Toronto, ONT, M5H 4H1
Toll Free: 1.866.393.4891
T: 416.361.0152
F: 416.361.0470
Email: investor@equityfinancialtrust.com
http://equityfinancialtrust.com/corporate-site-map/contact/
* * * * * * * * * * * * * * * *
Stock & Trade Information:
CUSIP: 73044W104
ISIN: CA73044W1041
The Company’s common shares began trading on the TSXV in Toronto, Ontario, Canada, on June 25, 2007.
Canadian Exchanges:
Toronto Stock Exchange: (Trades as "PTK" on the TSX.V):
http://web.tmxmoney.com/quote.php?qm_symbol=PTK
8 Alternative Trading Systems (ATS) in Canada:
http://www.stockwatch.com/Quote/Detail.aspx?symbol=PTK®ion=C
Chi-X Canada ATS:
http://www.chi-xcanada.com/ABOUTUS.aspx
CX2 Canada ATS:
http://www.chi-xcanada.com/
TMX Select - E Canada ATS:
http://tmxselect.org/
Lynx - Y Canada ATS:
http://omegaats.com/wordpress000/
Omega - O Canada ATS:
http://omegaats.com/wordpress000/
Pure- P Canada ATS:
http://www.cnsx.ca/CNSX/PureHomePage.aspx
TriAct - M Canada ATS:
http://www.triactcanada.com/
Alpha Stock Exchange:
http://www.alphatradingsystems.ca/special-security/english?symbol=PTK
Alpha has stopped providing info of companies to the general public.
This counts for all companies, albeit one can view Alpha trade totals on Stockwatch etc.
American Exchange:
OTC International: (Trades as "POETF" on the OTCQX)
http://www.otcmarkets.com/stock/POETF/company-info
European Exchanges:
Tradegate Exchange (Trades as RI4 "A1W3GM" in Berlin:
http://www.tradegate.de/orderbuch.php?isin=CA73044W1041
Börse Frankfurt: (Trades as RI4.F, WKN "A1W3GM" on XETRA):
http://www.boerse-frankfurt.de/en/equities/OPEL+technologies+inc+ag+CA6834881006
Börse Stuttgart: (Trades as RI4.SG, WKN "A1W3GM" on SWB)
https://www.boerse-stuttgart.de/rd/en/aktien/factsheet?ID_NOTATION=27976398
Börse Dösseldorf: (Trades as RI4.DU, WKN "A1W3GM" on DUS)
http://www.boerse-duesseldorf.de/aktien/wkn/A1W3GM
Börse Berlin: (Trades as RI4.BE, WKN "A1W3GM" on Xontro)
http://www.boerse-berlin.com/index.php/Shares?isin=CA73044W1041
Börse München: (Trades as RI4.MU, WKN "A1W3GM" on MUN)
http://www.boerse-muenchen.de/fuer-anleger/kurse-und-maerkte/aktien/kurs-wertpapierdetails/uebersicht/isin/CA73044W1041/name/POET_TECHS_INC..html
All German Exchanges:
http://www.finanznachrichten.de/aktienkurse-boersen/poet-technologies-inc.htm
Other (Broker) websites depict POET Technologies Inc. as:
PTK.V, V.PTK, PTK.C, C.PTK, CN.PTK, PTK.CN, CA.PTK, PTK.CA, PTK.VN, VN.PTK, CVE.PTK ...
Trade data:
Trading volume TSX Venture Exchange:
http://web.tmxmoney.com/quote.php?qm_symbol=PTK
Total trading volume for ALL above mentioned Exchanges:
http://www.finanzen100.de/aktien/poet-technologies-wkn-a1w3gm_H768214924_43856583/kurse.html
PTK on TSX Venture site:
http://infoventure.tsx.com/TSXVenture/TSXVentureHttpController?GetPage=SecuritySummary&SECURITY_ID=226661&MARKET_ID=CDNX&SEC_SYM_SID=1&HC_FLAG1=checked&HC_FLAG2=
Time and Sales for "V.PTK":
http://quotes.freerealtime.com/dl/frt/M?IM=quotes&type=Time%26Sales&SA=quotes&symbol=V.PTK&qm_page=46637
Historical Data for POET Technologies Inc. "V.PTK":
http://www.stockhouse.com/companies/history/v.ptk/poet-technologies-inc
Realtime quotes "POETF" on OTCQX:
http://www.otcmarkets.com/stock/POETF/quote
Time and Sales for Poet Technologies Inc. Common "POETF":
http://quotes.freerealtime.com/dl/frt/M?IM=quotes&type=Time%26Sales&SA=quotes&symbol=POETF&qm_page=63526
Historical Data for Poet Technologies Inc. Common "POETF":
http://www.stockhouse.com/companies/history/poetf/opel-technologies-inc-common
Canada Bulls:
http://www.canadabulls.com/SignalPage.aspx?lang=en&Ticker=PTK.V
Short Sales "PTK" & "POETF":
http://www.otcmarkets.com/stock/POETF/short-sales
"PTK" on Barcharts:
http://www.barchart.com/opinions/stocks/PTK.VN
"POETF" on Barcharts:
http://www.barchart.com/opinions/stocks/POETF
Daily Chart "PTK":
http://stockcharts.com/h-sc/ui?s=PTK.V&p=D&b=5&g=0&id=p95713176990
Weekly Chart "PTK":
http://stockcharts.com/h-sc/ui?s=PTK.V&p=W&yr=1&mn=0&dy=0&id=p98293165943
Daily Chart "POETF":
http://stockcharts.com/h-sc/ui?s=POETF&p=D&b=5&g=0&id=p58000482088
Weekly Chart "POETF":
http://stockcharts.com/h-sc/ui?s=POETF&p=W&b=5&g=0&id=p08428721682
Share Structure:
Authorized Shares: Unlimited (No misuse, check the past)
Shares Outstanding ao July 24, 2014: 163,146,489
OS Balance of Warrants July 24, 2014: 30,635,871
OS Balance of Options: July 24, 2014: 22,927,200
Fully Diluted shares: July 24, 2014: 216,709,560
Balance of the OS on January 1 2014: 132,676,115
Balance of the OS on March 31, 2014: 148,335,985
Balance of the OS a/o June 30, 2014: 159,569,759
Balance of the OS a/o Sept 30, 2014:
My own calculation of the Float ao July 24, 2014:
Common shares held by Insiders (+ Pinetree) 22,783,446
Shares Outstanding 163,146,489 - 22,783,446 = 140,363,043
Share Ownership
As of December 15, 2013, there were a total of 1,016 holders of record of our common shares, of which 470 were registered with addresses in the U.S. We believe that the number of beneficial owners is substantially greater than the number of record holders, because a large portion of our common shares are held of record in broker “street names.” As of December 31, 2013, U.S. holders of record held approximately 3.3% of our outstanding common shares.
There are 28,374,000 Class A Common Shares of OPEL Solar, Inc. issued and outstanding.
There are 5 Common Shares of ODIS Inc. issued and outstanding, held by OPEL Solar, Inc.
University of Connecticut owns: 2 Million shares (restricted until May 31, 2016)
http://www.newswire.ca/en/story/1311135/tsx-venture-exchange-daily-bulletins
Common Shares held by current insiders of POET: June 30 2014: 22,783,446
Options Shares held by current insiders of POET: June 30, 2014: 18,291,750
Warrant Shares held by current insiders of POET: June 30, 2014: 13,616,385
Changes since the end of Q2 2014:
2 Million Options granted to Mr Manocha on July 07, 2014 @ $1.75.
800,000 Options exercised on 11 July, & 750,000 on 15 July. (most likely M Benadiba)
Insider sells 798,500 (most likely M Benadiba, but it could be a false marker)
(Correction filed on 16 July: http://www.tmx.com/en/itmreport/tsxv_itmreport.txt)
45,000 Common Shares issued on 15 July (most likely M Benadiba, as he had 50k Commons)
52,500 Options exercised on 22 July (probably M Benadiba).
1,000,000 Options exercised on 23 July (probably M Benadiba).
(Mark Benadiba ceased to be an insider ao 1 July so there's no more SEDI reporting.
Although new additions to the OS can be seen on the TSX Venture site on a daily basis.)
Maximum Number of stock Options is currently fixed at 26,475,000.
On July 3, 2014, the Directors amended the 2013 Plan to increase the Fixed Number to 31,925,000.
The weighted average exercise price of Warrants is CA$0.48.
The weighted average exercise price of issued and outstanding Options is CA$0.397.
Balance of Warrants on 31/12/2013 = 42,478,569
Warrants (PP) Issued March 31, 2014: 7,792,563
Warrants Exercised ao March 31 2014: 7,692,307
Balance of Warrants, March 31, 2014 42,578,825
159,569,759 (OS at June 30) - 148,335,985 (OS at March 31) = 11,223,774 (Shares exercised between March 31 & June 30 2014)
11,223,774 - 75,000 (Options Dr Taylor) - 28,050 Options = 11,113,724 (Warrants exercised between March 31 & June 30 2014)
Warrants exercised in 2014: 7,692,307 (Q1) + 11,113,724 (Q2) + (Q3) = 18,805,031
Balance Warrants, June 30: 42,578,825 - 11,113,724 = 31,465,101
Exercised Warrants after Q2: 60,000 769,230
31,465,101 - 13,471,385 (Pinetree Capital) - 3,110,000 (IBK Capital) = 14,883,716 (Warrants in retail shareholder' hands).
Institutional Ownership:
Common Shares of Sheldon Inwentash:
Common Shares: 2,017,000
Pinetree Capital Ltd (Identity #00004131):
Common Shares: 12,346,185
Pinetree Capital Self Directed RRSP of Sheldon Inwentash:
Common Shares: 4,912,500
Total Commons: 19,275,685
Warrants of Sheldon Inwentash:
Warrants: 1,000,000
Warrants Pinetree Capital Ltd: 7,775,385
Warrants Self Directed RRSP of Sheldon Inwentash: 4,696,000
Total Warrants: 13,471,385
- Total Holdings of Sheldon Inwentash/Pinetree Capital Ltd: 32,747,070 = 20,5%
- BlackRock Asset Management Canada Ltd: 105,212
- ISHARES S&P/TSX VENTURE INDEX FUND: 127,346 (Calculated on June 30 2014 at a closing price of $1.79 with a market value $227.982)
http://ca.ishares.com/product_info/fund/overview/XVX.htm
- William White (IBK Capital) & his wife hold 8,883,500 shares (& bought $520,897 on March 14, 2014).
* IBK Capital & (Accredited) Investors have funded a total of $41,067,049 since inception of the company:
http://www.ibkcapital.com/financings/
- Brant Securities: (Position unknown)
- AlphaNorth Asset Management (Quote; "we do not disclose our portfolio".)
- Management & Directors: 7%
- Total Institutional Holdings + Management & Directors hold approx; 42%.
- From the 20F total insider shares 47,507,711:
http://agoracom.com/ir/POETTechnologies/forums/discussion/topics/617094-leon/messages/1933523#message
Canada Insider Trading of latest 6 months:
http://www.canadianinsider.com/node/7?menu_tickersearch=PTK+%7C+POET+Technologies
To see All the Company Insiders, go to: https://www.sedi.ca/
Select Language --> Reports --> Click "Access public filings" --> Click on View Summary Reports --> Select "Insider information by issuer" --> Under "Mandatory criteria:" Select "Issuer Number" & Enter "00003983" Click on "View" to see all the results.
PS: Note that once Directors cease to be an insider the SEDI reports cannot be relied upon for their effective Holdings. Because they can sell after the cease date and those transactions will never show up in a public reporting database, like SEDI. So there is no guarantee that any of the past Directors currently hold the shares that are visible on SEDI.
PPS: Also note that the numbers used in this section about the Share Structure (SS) can be wrong, as they are derived from third party websites. Some numbers stem directly from official financial reports and these are correct, but I tried to calculate all additions to the SS as time passes by and I could have made a mistake, so please verify the numbers of the SS or insider holdership etc by your own means...
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History and Development of the Company:
The legal and commercial name of the Company is POET Technologies Inc. The Company was originally incorporated under the British
Columbia Company Act on February 9, 1972 as Tandem Resources Ltd. On November 14, 1985, Tandem Resources Ltd. amalgamated with Stanmar Resources Ltd. and Keezic Resources Ltd., to continue as one company under the name Tandem Resources Ltd. under the British Columbia Company Act. By Articles of Continuance dated January 3, 1997, Tandem Resources Ltd. was continued under the OBCA. By Articles of Amendment dated September 26, 2006, Tandem Resources Ltd. changed its name to OPEL International Inc. By Certificate of Continuance dated January 30, 2007, OPEL International Inc. was continued under the New Brunswick Business Corporations Act. By Articles of Continuance dated November 30, 2010, OPEL International Inc. was continued under the OBCA and changed its name to OPEL Solar International Inc. By Articles of Amendment dated August 25, 2011, OPEL Solar International Inc. changed its name to OPEL Technologies Inc. By Articles of Amendment dated July 23, 2013, OPEL Technologies Inc. changed its name to POET Technologies Inc.
The Company has two U.S. subsidiaries, OPEL Solar Inc. (“OPEL Solar”) and ODIS Inc. (“ODIS”).
ODIS is a wholly-owned subsidiary of OPEL Solar, which in turn is wholly owned by the Company.
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Team POET, Executive Team Members:
Peter Copetti – Executive Chairman and interim CEO:
Peter Copetti has over 25 years of capital markets and management experience in key leadership roles. He has been the chief architect
and strategist of the transformation at POET Technologies, since joining the company in June 2012. Mr. Copetti was personally responsible for the restructuring of both secured and unsecured debt, negotiated new equity infusion into the company, and re-focused the company on its original technical vision of monolithic optoelectronic integration, leading to POET’s resurgence as a leading platform innovator in the semiconductor industry. Mr. Copetti is Chairman of the Special Strategic Committee responsible for maximizing the shareholder value of the POET Platform Technology.
Leon M. Pierhal – President:
Mr. Pierhal has over forty years of management experience in semiconductor, telecommunications and computing technology development companies such as Amdahl Corporation, Intel Corporation, Masstor Systems Corporation, and Jupiter Technology. As a senior management executive with broad international experience, Mr. Pierhal has had direct responsibility for P&L, sales and marketing, and corporate development for several major companies requiring strategic expertise. He has experience with capitalizing and launching technology startups, mergers and acquisitions of technology companies, as well as turning around emerging companies by developing new sales divisions, channels and strategic partners. Mr. Pierhal has assisted a significant number of companies with capital formation and re-capitalization from private and public sources. He contributed exceptional strategic and tactical vision, strong team development and leadership skills. In addition, Mr. Pierhal has impressive experience in the area of technology startup company development and serves as an Outside Board Member to several such firms as well.
Kevin Barnes - Treasurer & Chief Financial Officer:
Mr. Barnes has been serving as Controller since 2007 and has been actively involved in the Financial Statements and Management’s Discussion & Analysis preparation since then. Mr. Barnes is a member of the Institute of the Certified Management Accountants of Australia and an Accredited Chartered Secretary. Mr. Barnes currently serves as a Corporate Controller and Business Performance Manager for one of the world’s largest language training institutes. Prior to this, he was a reporting manager with Duguay and Ringler Corporate Services, a Company specializing in financial reporting for publicly traded Companies.
Lee Shepherd - Vice President, Technology:
Mr. Shepherd has a Bachelor of Science (Honours) in Applied Physics from Carleton University. He has 27 years of experience in business, technical, and military leadership roles. He has spent the last 18 years in the Telecommunications/Information Technology industry serving in technical, management, architecture, and entrepreneurial roles of ever-increasing scope and responsibility. He is Founder and Chief Executive Officer of IT Millwrights Corporation; previously Founder and Chief Technology Officer of Neterion, and Designer, Team Leader & Architect with Bell-Northern Research and Nortel.
Team POET, Board of Directors:
Ajit Manocha - Executive Vice Chairman
Mr. Manocha has over 35 years of experience in the semiconductor industry with deep knowledge of semiconductor technology and operations. He has worked in all aspects of the business from Research, to Applied Development, to Manufacturing, to worldwide sales to Global Supply Chain & IT, and his most recent role has been as CEO of GlobalFoundries (multi Billion US$ revenue). He has wealth of experience by working in companies like AT&T, Bell Labs/Microelectronics, Philips Semiconductors (now known as NXP), Spansion, and GlobalFoundries. He has managed at various executive levels and successfully led very small organizations with <15 people to very large organizations with well over 25,000 people. Having worked in three continents (Asia, Europe and North America), he has deep knowledge of diversity and various countries' cultures. He has led more than 20 M&As successfully. He has also served on various boards as director and chairman. He is currently representing GlobalFoundries on the Semiconductor Industry Association Board and also serving on the U.S. Presidential Committee for Advanced Manufacturing Partnership. He is well established in the industry and known as a visionary, thoughtful leader and has strong credibility with customers. He has a passion for people to lead businesses and grow shareholders' value. He is often labeled as "Mr. FIX IT" - His most recent achievement was to very successfully turnaround GlobalFoundries (which was economically challenged in 2011) within 2+ years. GlobalFoundries under Mr. Manoche’s watch gained significantly higher revenue (2nd ranking) with the development of several new tier-1 customers.
Dr. Samuel Peralta - Director:
Samuel Peralta has a Ph.D. in physics from the University of Wales; with business certificates from Rotman School of Management and
the Schulich School of Business. He brings technical continuity to POET's board, with industry-recognized expertise in communications, inspection and robotics, in mobile software and hardware, and business transformation. Dr. Peralta is also currently business director for Kinectrics Inc. and sits on the board of directors of Windrift Bay Limited.
Dr. Adam Chowaniec - Director:
He was previously the founding Chief Executive Officer (CEO) and Chairman of Tundra Semiconductor (acquired by Integrated Device Technology), Chairman of Zarlink (acquired by Microsemi), and Chairman of Bel Air Networks (acquired by Ericsson). Previously, he was President and CEO of Calmos Systems, acquired by Newbridge Networks and renamed Newbridge Microsystems, where he served as President and as a Vice President of Newbridge Networks. He has also served on the boards of SiberCore Technologies, Liquid Computing, Microbridge, GEAC and Amiga. He currently serves on the boards of Solantro Semiconductor. Dr. Chowaniec holds an M.Sc. in Electrical Engineering from Queen's University, as well as both a B.Sc. and a Ph.D. from the University of Sheffield. In 2010, he was recognized by the California Computer Museum as one of the founding fathers of the personal computer.
Dr. Geoff Taylor - Director:
He is Chief Scientist at POET and has led development of the Planar Optoelectronic Technology (POET) platform over the past two decades, directing a focused team at the ODIS subsidiary of POET. Dr. Taylor possesses an extraordinary technical background made-up of 30 years of design and development experience in electronic and optical device physics, circuit design, opto-electronic technology, materials and applications. He is concurrently a Professor of Electrical Engineering and Photonics at the University of Connecticut and is responsible for ODIS’ development efforts at the gallium arsenide (GaAs) growth and fabrication facility. With over 150 papers in the world’s most respected journals, and dozens of patents, Dr. Taylor is widely regarded as the world's leading authority on GaAs solid-state physics, III-V opto-technology, as well as the pioneer in the development of monolithic integrated optoelectronic circuits. Previously, Dr. Taylor served as a Distinguished Member of the technical staff at AT&T Bell Labs, developing inversion channel technology for III-V materials. At Honeywell and Texas Instruments he helped to develop critical optical technology for the Jupiter Orbital Probe as well as the development of key circuits and devices for very-large-scale-integrated (VLSI) chips. Dr. Taylor holds a Ph.D. in Electrical Engineering and an M.A.Sc. in Electrical Engineering from the University of Toronto and a B.Sc. in Electrical Engineering from Queen’s University.
Dr. Martin Peisl - Strategic Advisor:
Dr. Martin Peisl has over 33 years of management experience in Semiconductor research, development and marketing. He has served companies such as Siemens, Infineon, Qimonda, Ramaxel, and Netlist. His people and project management background includes broad
international experience in Germany, Malaysia, France, China and the U.S. Dr. Peisl was directly responsible for product development
of Dynamic Random Access Memory (DRAM) generations from 64Mbit to 1Gbit. Additionally, he has supervised starting new product lines such as Mobile Random Access Memory, Reduced Latency DRAM and DRAM based Application Specific Integrated Circuits (ASICS). Being a decades long member of the Joint Electron Device Engineering Council (JEDEC) standardization committee, Dr. Peisl has chaired the development of the predecessor of the Double Data Rate 2 (DDR2) specification within the Advanced DRAM Technology (ADT) consortium together with technical members of Intel, Samsung, Hynix, Micron and Elpida.
Geoff Rogers - Strategic Advisor:
Mr. Rogers has over 30 years of experience in high-performance semiconductors, EDA software, and intellectual property licensing. Having earned a BSEE from Cornell University, Mr. Rogers has held key roles with Tensilica (now Cadence Design Systems, Inc. - NASDAQ: CDNS), Silicon Architects (now Synopsys, Inc. - NASDAQ: SNPS), VLSI Technology (became Philips Semiconductor) and Applied Micro Circuits Corp. - NASDAQ: AMCC.
Stephane Gagnon - SVP Operations:
Mr. Gagnon's day-to-day responsibilities include both operational and reporting functions. He is responsible for reporting to Senior Management on all operational matters and collaborates with executive management in the driving of planning, research and development, milestone execution, procurement of equipment, contract negotiations, business development, and monetization, as well as the optimization of cooperation between internal and external stakeholders such as third party fabs. Mr. Gagnon has over 20 years of experience in the semiconductor, telecommunication and processor industry. Before joining POET Technologies, Stephane's most recent role was Senior Director of Product Management for Integrated Device Technology (IDT) where he drove business strategy for the RapidIO® switching and IP product line. His primary responsibilities included overall strategy and product marketing, in addition to business development and the management of international customers and partner relationships. Mr. Gagnon became involved with the
RapidIO Trade Association (RTA) Technical Working Group 13 years ago and has held the position of Chairman of the RTA Steering Committee for over 3 years. Prior to his role at IDT and Tundra Semiconductor Corporation, which was acquired by IDT, Stephane held positions at Motorola and Nortel Networks and holds a BSc in Computer Engineering from Laval University.
John F. O'Donnell - Director:
Mr. O’Donnell earned a BA (Economics) and a LLB and has practiced law in the City of Toronto since 1973. He is currently counsel to
Stikeman Keeley Spiegel Pasternack LLP. His practice is primarily in the field of corporate and securities law and, as such, he is and has been counsel to several publicly traded companies. Mr. O’Donnell is currently also a director of RX Gold & Silver Inc. and Nerium Biotechnology Inc.
Chris Tsiofas - Director:
Mr. Tsiofas earned a Bachelor’s of Commerce Degree from the University of Toronto in 1991 and has been a member of the Institute of Chartered Accountants of Ontario since 1993. He is a partner with the Toronto Chartered Accountancy firm of Myers Tsiofas Norheim LLP. Mr. Tsiofas has also been involved as an operating partner in various private enterprises over the years and is able to offer managerial and operational insight.
Daniel DeSimone - VP Product Development:
Mr. DeSimone was most recently Senior Manager, Test and Wafer Sort Engineering, at Fairchild Semiconductor.
Under his leadership, the Fairchild team achieved significant increases in quality and yield during wafer production in several 0.5 and 0.35 micron CMOS/BiCMOS/BiPolar technologies. In addition to manufacturing experience, Mr DeSimone brings to the Company two distinct experiences: strategic product roadmap definition - addressing server and storage vertical markets; and broad integrated circuit development encompassing analog mixed signal through large digital application specific integrated circuits.
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POET Business Overview:
Corporate Overview
The Company is a fabless semiconductor company developing a novel semiconductor technology called POET (Planar Optoelectronic Technology) which is anticipated to allow the monolithic fabrication of digital, analog and optical components on a single integrated circuit (“IC” or “die”). Formerly, the Company had been focused on concentrating solar panels and solar tracking technology. In 2012, however, the Company made the strategic decision to divest itself of the solar division, sell all solar-related assets and focus on semiconductor research. The Company is incorporated under the laws of the Province of Ontario and is currently traded on the TSXV.
We conduct our research activities primarily through ODIS, our subsidiary. Descriptions of the Company include the operations of both ODIS and OPEL Solar unless otherwise indicated. Key benefits of the integrated POET platform are anticipated to include: (i) faster semiconductor operating frequencies; (ii) decreased need for device cooling; (iii) greater reliability; and (iv) total system cost reductions. With POET’s materials system incorporating periodic table element groups III, IV and V (“Group III-V”), we expect that active optical elements and high-performance electronic elements can be packed in a single IC built around a GaAs wafer at a density similar to that of silicon, the traditional IC material. POET is being developed to be differentiated from competing semiconductor processes such as silicon, GaAs, or indium phosphide, however, by its more comprehensive set of functional capabilities and its ability to integrate them. Unlike existing processes which require the use of multiple chips, circuit boards or sub-systems being linked together by either physical snap connections or multiple cable connections that (i) produce the potential for multiple points of failure, (ii) require more space, increasing the physical end product size and (iii) require greater amounts of power with the attendant production of excess heat, thus demanding additional space for cooling and ventilation, we anticipate that POET will be able to integrate lasers, modulators, photoreceivers and passive optics as well as high-speed, low-power electronics on one monolithically-fabricated die.
This would allow POET ICs, when fully developed, to demonstrate a lower cost structure, increased power savings and increased reliability. The Company has 34 patents issued and 7 patents pending for its semiconductor POET platform, which is currently being developed through ODIS. The Company has licensed the intellectual property portfolio developed by our Chief Scientist and Director, Dr. Geoff Taylor, at the University of Connecticut. We believe that our patent and trade secret protection on POET, together with ODIS’s specific design knowledge using POET elements, will provided us with a large, defensible barrier to outside competition.
POET Business Overview:
http://www.poet-technologies.com/wp-content/uploads/2013/07/POET-Overview.pdf
Corporate Presentation Q1 2014:
http://poet-technologies.com/wp-content/uploads/2014/02/POET-Technologies-Corporate-Overview.pdf
Optical Interconnection of High Speed Circuits:
http://www.poet-technologies.com/wp-content/uploads/2013/07/Optical-Interconntion-of-High-Speed-Circuits.pdf
Third Party Valuation of its POET Technology (Redacted):
http://www.poet-technologies.com/wp-content/uploads/2011/03/Redacted-ODIS-Intellectual-Property-Appraisal-Report.pdf
Agreement with BAE Systems Information And Electronic Systems Integration, Inc:
http://www.sec.gov/Archives/edgar/data/1437424/000110465914004357/a13-25081_1ex4d2.htm
LICENSE AGREEMENT UNIVERSITY OF CONNECTICUT
http://www.sec.gov/Archives/edgar/data/1437424/000110465914004357/a13-25081_1ex4d3.htm
First Amendment to the Lease Agreement Between The University of Connecticut and ODIS Inc:
http://www.sec.gov/Archives/edgar/data/1437424/000110465914004357/a13-25081_1ex4d4.htm
AMENDED AND RESTATED EMPLOYMENT AGREEMENT:
http://www.sec.gov/Archives/edgar/data/1437424/000110465914004357/a13-25081_1ex4d7.htm
CONSULTING AGREEMENT M Benadiba:
http://www.sec.gov/Archives/edgar/data/1437424/000110465914004357/a13-25081_1ex4d8.htm
CONSULTING AGREEMENT P Copetti:
http://www.sec.gov/Archives/edgar/data/1437424/000110465914004357/a13-25081_1ex4d9.htm
CONSULTING AGREEMENT IT Millwrights Corporation:
http://www.sec.gov/Archives/edgar/data/1437424/000110465914004357/a13-25081_1ex4d10.htm
ODIS Incorporated:
http://www.sec.gov/Archives/edgar/data/1437424/000110465914004357/a13-25081_1ex4d11.htm
EMPLOYMENT CONTRACT Stephane Gagnon:
http://www.sec.gov/Archives/edgar/data/1437424/000110465914004357/a13-25081_1ex4d12.htm
STOCK OPTION PLAN:
http://www.sec.gov/Archives/edgar/data/1437424/000110465914004357/a13-25081_1ex4d13.htm
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Research and Development Activities
POET Technologies Inc. is the developer of next-generation Gallium Arsenide (“GaAs”) semiconductor device technology called POET (Planar Opto-Electronic Technology). POET is a platform that allows for the integration of optics and electronics on a single chip. This offers a next-generation breakthrough in cost & performance for commercial and consumer products. POET immediately addresses the requirements of numerous military development and procurement programs for sensors, communications and computing. POET technologies owns 34 patents and has 7 patents pending that protect the IP behind the platform that Dr. Geoffrey Taylor has been developing for over 20 years of research at the University of Connecticut (UConn).
The Company is currently conducting research and development for its POET platform, which allows for the construction of semiconductors with the potential to service a wide array of devices. The Company has been awarded more than a dozen U.S. Department of Defense and National Aeronautical and Space Administration’s (“NASA”) Small Business Innovation Research (“SBIR”) grants since 2000, which have supported the initial development of the POET process, infrared sensing technology, sensor/laser development and the combination of electronic circuits and lasers on the same microchip. The Company has made the strategic decision to reduce its dependency on SBIR grants. We remain active, however, in the military sector, with projects underway with the U.S. Government, namely NASA and a major U.S. defense contractor, BAE Systems, Inc. (“BAE”).
The Company conducts most of its own research and development activities through its facilities on the campus of the University of Connecticut in Storrs-Mansfield, Connecticut. The Storrs-Mansfield facility is dedicated to semiconductor development. In addition, the Company contracts specific projects with third-party research and development organizations. We have produced working device prototypes in our development laboratories at the University of Connecticut to prove the functionality of the POET process. We are now transitioning the device technology into production of a completely integrated platform, utilizing funds provided by NASA as well as from the Company’s general funds and facilities provided by our development partner, BAE. Throughout the transition process, the Company will continue to use its University of Connecticut research and development facility, or other such laboratory facilities, in our effort to produce scalable commercial product prototypes. We currently expect to produce a functional prototype by June 2014, although no assurances can be given that such project will be completed on a timely basis, if at all. These commercial market prototypes are targeted to demonstrate the Company’s position as a sole source provider meeting specific product application needs and are anticipated to be used to enter the market and obtain initial design wins.
In 2011, all U.S. government contractors, including ODIS, were notified that funding to continue ongoing projects would see dramatic cuts throughout 2011 and possible termination in 2012. ODIS began experiencing such cutbacks in financial support to projects throughout 2011, including our project with BAE, which by the end of 2011 was no longer funded. Recognizing the importance this development effort has to the overall future of the POET project, funds were redirected to continue this project while alternative sources of funding were being sought. In April 2012, we received a Phase II award of $750,000 from NASA to continue developing radiofrequency and optical phased arrays using the POET platform, and work began under this award during the third quarter of 2012.
In June 2011, BAE independently produced operational transistors on gallium arsenide wafers, further validating critical components of the POET process. By June 2011, ODIS, under the supervision of Dr. Geoffrey Taylor, had completed several wafers containing multiple devices produced with POET Technology. In August 2011, BAE Systems ran a fabrication lot of five wafers using POET. Chips were produced from these wafers and tested to further validate the varied capabilities and devices developed utilizing the POET platform. ODIS has made significant progress regarding POET as it pertains to its advancements in optical interconnection of high speed circuits, making it possible to implement an optical interface as a single chip to connect existing complementary metal oxide semiconductor (“CMOS”) processors.
In December 2012, ODIS successfully produced an integrated laser device, the first Vertical Cavity Laser (“VCL”) utilizing POET, the basis for chip-to-chip interconnection, and complementing other optoelectronic devices already demonstrated by ODIS — including heterostructure field effect transistors (“HFETs”), optical thyristors, pulsed lasers, and super-radiant light emitting devices.
In March 2013, the Company achieved radio frequency and microwave operation of both n-channel and p-channel transistors. With this achievement, POET extends the capability of its unique monolithic platform to cover integration of a complete range of wavelength-division multiplexed (“WDM”) capable optoelectronic devices and functions. This is in addition to complimentary electronics based on n-channel and p-channel transistors as either field effect transistors (“FETs”) or bipolar devices. Specifically for this milestone, 3-inch POET wafers fabricated at BAE yielded submicron n-channel and micron-sized p-channel transistors operating at frequencies of 42 GHz and 3 GHz respectively. These operating frequencies are expected to be improved even further with subsequent development.
In June 2013, the Company achieved integration of the complementary inverter, the basis for all on-chip logic. Specifically, we successfully demonstrated complementary heterostructure field effect transistor (“HFET”) based inverter operation using the POET process.
In October 2013, the Company reported to its shareholders progress on demonstrating a fast-signal switchable laser transmitter for standard optical fibre telecommunications applications. The Company also reported to its shareholders significant progress on fabrication of its optical thyristor-based infrared detector array with its third-party fabrication partner. The Company’s reported progress to shareholders has not been independently verified. (Correction; on Feb 24, 2014 "POET Technologies Announces Integrated Optoelectronic Infrared Device Fabrication and Industrial Foundry Validation".)
At the same time, the Company reported to its shareholders success in realizing submicron device operation at the 200-nm scale, introducing, in parallel, specific milestones associated with reducing feature size further to the 100-nm range in scale.
On April 7, 2014, the Company reported to its shareholders that the Company had made the POET Technology Design Kit documentation, comprised of a comprehensive device parameter library on the use of the POET platform, available to the industry. This milestone is expected to help licensed designs incorporating POET technology to proliferate. The information is only available under non-disclosure agreements with current and potential partners and customers for the express purpose of evaluation and migration of the POET platform.
Each subsequent device demonstrated by POET has been designed to increase the range of procedures in its design kits, increasing the attractiveness of POET for adoption in semiconductor foundry process libraries. Currently the Company is focused on developmental work leading to device fabrication at the 100-nm scale. The 100-nm goal is matched to the state-of-the-art commercial III-V foundry capabilities and is expected to demonstrate a significant speed improvement together with lower power consumption by a factor ranging from 4 to 10 depending on the application as compared to silicon at smaller nodes.
July 8, 2014 Update on the 100-nm Scaling and Prototype Initiatives:
The Company’s 100-nm scaling and prototype initiatives have successfully achieved a culmination point where transition to a third-party foundry is now being negotiated. The 100-nm initiative reduces the feature size of key POET devices down to the 100-nm range. In the course of this program, the technical team developed numerous processes critical to the practical application of POET, which will now form the basis of several new patent applications. The prototype initiative aims to put together several key device building blocks, all with integrated optical and electronic capability, into an integrated circuit (“IC”) or array of ICs. Development of the two initiatives have proceeded in parallel so far, but are technologically linked.
Mr. Peter Copetti, Executive Chairman and interim CEO, noted, “We are extremely proud of how far our team has come. We are now at a point where the capabilities of a third-party foundry are required for practical demonstration, as well as subsequent third-party validation. We look forward to proceeding on this basis.”
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POET Technology:
POET is based on a novel Group III-V materials structure that is anticipated to provide an optoelectronic mixed-signal process that can integrate high-performance analog and digital electronics with high-performance active optical elements. We believe that POET ICs will enable integration of a dense mix of active optical elements and optical waveguides together with logic and mixed-signal elements on a single chip, in one serial fabrication process.
What Does “POET” Mean? What Does “PET” Mean?
• “POET” = “Planar Opto-Electronic Technology”.
• POET is a revolutionary Gallium Arsenide (GaAs) process used to build electrical, optical, and electro-optical integrated circuits.
• Supports a full range of electrical and optical active and passive circuit components.
• Very high performance versus existing silicon (up to 100x faster).
• Very low power consumption versus existing silicon (up to 95% less).
• Much more versatile than legacy compound semiconductor processes (GaAs, InP, others).
• Can be manufactured using existing CMOS chip making equipment.
• Fully compatible with existing semiconductor design and manufacturing flows.
• Will allow unprecedented integration into a single chip of functions that take entire chipsets today for large component cost reduction, and (particularly for optics) tremendous (e.g. 80%) reduction in assembly and test costs.
• "PET“ = Planar Electronic Technology”.
• PET is the electrical subset of the full POET process.
• Can support CMOS, Bi-CMOS, and Bipolar device fabrication.
• Offers lower cost, simpler process/fab options for applications that don’t require optical feature set.
POET Overview:
POET's new and patented semiconductor fabrication process, POET (Planar Optoelectronic Technology), is based on a unique Group III-V materials structure. The POET materials structure is a four-layer, PNPN, electrical structure having two sets of independent quantum wells, and is specifically designed to support both active optical elements (laser, photoreceiver), and high-speed complementary HEMT and HBT transistors. This materials structure is realized as an epitaxy grown on a semi-insulating GaAs wafer. The processing of these wafers into products is done using a series of steps similar to those used in silicon processing, and is scalable to deep submicron feature sizes. POET device yield will thus be similar to that of silicon, much higher than that characteristic of many current III-V processes. This gives POET a technology basis that is uniquely powerful, that is economical to produce, and that is extensible in generations. Capitalizing on POET capabilities, POET will offer products into the communications, optoelectronic, RF/wireless, sensor, and imaging markets.
POET is a uniquely-powerful mixed-signal process, integrating high-performance analog and digital electronics with high-performance active optical elements. POET ICs integrate a dense mix of active optical elements and optical waveguides together with logic and mixed-signal elements on a single chip, thus manufactured in one serial process. The key elements integrated in the process, all simultaneously available for design, are: The Optical Thyristor (OT), Complementary HEMT and HBT devices, and Di-electric-Isolation.
Optical Thyristor:
The Optical Thyristor is a multiple-use device, and is the backbone of POET. The OT is a four-terminal device having both optical and electrical inputs and optical and electrical outputs. Depending on application and design, an OT can be a laser, optical amplifier, or photoreceiver, or may execute various electrical operations. An additional aspect of the POET OT is a process step that allows for emission and reception of light in-plane, parallel to the chip surface. Lasers and photoreceivers may either be designed with vertical emission, or use this step to have in-plane emission. This step allows on-chip optical interconnections, and also supports a low-cost multiple-fiber attachment system that POET has designed.Various modifications of the basic POET epitaxial structure will support emission or reception at wavelengths of 980, 1310, or 1550 nm. POET's innovative structure and fabrication also provides detection and emission from the 3 to 20 m m band via the unique attributes of its quantum well structure.
OT Lasers:
POET lasers are of a third-generation fabrication using an implant confinement technique and have improved efficiency and reliability over the proton-confined and oxide-confined devices currently available. Either vertical emission, or in-plane emission may be employed, depending on design needs. When the in-plane feature is employed, vertical cavity lasers are formed in stripe geometries, and have end emission. Such vertical cavity traveling wave lasers have ratios of peripheral length to active area much higher than conventional circular VCSELs, dissipating power more readily, and resulting in higher reliability components of longer life. All POET lasers can be driven by a logic voltage signal, further lowering power requirements and increasing efficiency. Wall plug efficiency will exceed 50%.
OT Photoreceivers:
As photoreceivers, OTs have high sensitivity, are self-contained, and do not require TIAs (TransImpedance Amplifiers) to produce usable outputs. Incident light of adequate intensity will produce a direct electrical logic signal. Analog amplification and thresholding is not required in POET OT photoreceivers. All optical OT structures can be made selectively as lasers or photoreceivers, further adding to POET IC flexibility. The in-plane emission feature of POET allows easy connection to on-chip passive waveguides. This waveguide technology features enlarged waveguide apertures to facilitate ease of coupling to single mode fibers with very low device insertion loss. This feature is also key to POET's low-cost multiple fiber attachment technology via waveguides. POET has devised a packaging technology to match this horizontal I/O coupling, further maintaining the cost-effective approach.
OT Electrical Applications:
The optical thyristor can also act as an electronic device in storage, logic and millimeter-wave oscillator applications. OTs can form single-device static RAM cells, and can be designed for bistable logic uses (flip-flops). An OT with an optical cavity forms a uniquely low-noise voltage controlled oscillator. OTs acting as comparators are the heart of our ultra high speed A/D converter designs.
POET Transistors:
POET transistors suit a wide range of high-performance needs. Electronic designs can be performed using an arbitrary mix of complementary Heterojunction Bipolar Transistors (HBT), or unique complimentary High Electron Mobility Transistors (CHEMT).
Complementary HEMT Transistors:
The POET process offers both p-channel and n-channel HEMT devices with complementary threshold voltages. These devices are usable in both low-noise RF applications and in very high-speed low power logic. Complementary HEMT logic has a speed-power ratio similar to that of silicon CMOS, owing to the higher mobility of the HEMT structure, and can form very low power logic running at speeds to over 100 GHz. This allows the integration of dense logic circuitry with low power, high speed, and small size. This allows any mix of analog circuits and logic circuits to be included in an IC, design, when such integration can improve system performance.
Complementary HBT Transistors:
Complementary HBT devices operate in various analog and RF applications into the Terahertz range.
Dielectric Isolation:
One of the POET design elements supporting effective optoelectronic integration is its high-quality dielectric isolation. DI "islands" are formed by deep trench etch through the entire epitaxial structure into the substrate. Under each active "island" is a layer of oxide produced in the process step in which the lower mirrors are formed. The electrical coupling path between such dielectric "islands" is through the oxide of one region, through a semi-insulating substrate, then through the oxide of another island. This DI produces a much higher isolation than the reverse-junction and deep trench isolations of silicon, and is essentially a free product of the POET process.
This high-quality isolation is a principal factor in our being able to produce mixed -signal designs such as optoelectronic transceivers. Without this isolation, a typical implementation problem is a resulting crosstalk between the more sensitive receive section and the higher-powered transmit section. POET DI greatly reduces such a problem and allows POET to produce such integrated designs.
POET-Based IC designs:
POET integrated circuits contain combinations of optical and electronic devices designed to meet specific application, and are manufactured in the POET process. Designs are all fabricated using the same POET process, then tested, optically and electrically, as one single manufactured unit, minimizing cost. All of the elements of OT lasers, OT photoreceivers, OT logic circuits, optical interconnect, HBT transistors, HEMT transistors and dielectric isolation are useable in any number and combination, as the design requires, just as in any other semiconductor process.
This makes POET far and away the most powerful, versatile optoelectronic mixed signal process in existence.
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POET’s benefits are analogous to the benefits of the first silicon integrated circuits:
• Eliminate connectors, solder joints, assembly and multiple packaging steps.
• Decrease size, cost, complexity and power.
• Increase performance and reliability.
• Create a path for future improvements and scaling.
• Board-to-board, chip-to-chip optics with low-cost integrated transceivers.
• Substantial increase in chip I/O bandwidth with reduced power using integrated wavelength division multiplexing.
• A higher speed and lower power complementary metal-oxide semiconductor (CMOS) with integrated serializer/deserializer & clock data recovery (SERDES & CDR).
• Novel high-density universal memory, Optical RF generation, RF photonic filtering, Optoelectronic low-jitter clock generation and on-chip optical distribution, OE computing and new architectures based on O&E combinations (e.g. quantum computing).
3rd Party Independent Validation of POET:
• POET Technologies partners with an international defense services company that is a global leader in military electronic systems design, development, manufacturing and integration.
• Funded by AFRL, POET entered into a contract with 3rd party partner in 2008 with the intent of replicating a specific POET device in a 3rd party MIL Spec. environment.
• The 3rd party partner has world-class GaAs research facilities and has numerous PhD researchers working on the continued development of POET.
• POET’s partnership has successfully reproduced the POET technology as published, by producing and testing the critical electrical elements of POET Platform sub-process steps for transistors. (see more in the "Third Party Valuation of its POET Technology" pdf.)
Ready At The Right Time:
CMOS Silicon Evolution Is Ending!
• Moore’s Law era 1960-2015?
• CPU/GPU execution unit speeds haven’t improved in over 10 years.
• Industry looking for new technology path.
• Packaging Techniques Have Not Improved OE Transceiver Cost.
• Various hybrid integration techniques like 2.5/3 D packaging, silicon photonics have not led to improved Opto-Electronic Transceiver costs.
• Single-chip transceivers needed for fiber to fully replace copper for system interconnect applications.
• Copper Cable Era For System Interconnect Is Ending.
• 1 Gigabit Ethernet system interconnect was and is mostly copper-based.
• 10 Gigabit Ethernet system interconnect was and is almost entirely fiber-based.
• Optical Systems Need More Lithography, Less Mechanical Assembly.
• Many optical systems that need aligned arrays of sensors and/or lasers cannot be built today due to mechanical assembly cost constraints.
• POET offers this alignment capability by means of lithography, dramatically lowering the cost of these products (IR sensors, holographic displays, etc.).
Applications:
• POET’s technology can surpass speed limits of widely used CMOS silicon chips and is much better positioned for stacking multiple chips to increase performance.
• A functional POET device may reduce the power consumption of laptops, tablets, smartphones, servers, and/or other electronic devices by 80%.
• Leads to drastic reduction in device size and battery power consumption.
• Power reduction in commercial-scale server farms represents tremendous cost savings to companies like IBM, Google and Intel.
• In November 2011, Hewlett Packard announced that it is working with numerous chip manufacturers to create ultra efficient, low-energy servers aimed at companies running large scale remote computing operations such as Twitter and Facebook.
• POET can also produce an infrared sensor for use in air, sea, ground, and space with sensitivity that is an order of magnitude higher than existing technology.
Commercial Applications:
• CPU.
• Memory.
• CMOS.
• Servers.
• Processor to Processor Optical Interconnect.
Communication Applications:
• Smart Phones.
• Network (Cell Towers, LANs, MANs).
• Fiber to the Home (FTTH).
Defense Applications:
• Infrared Sensors (Uncooled – SWIR, MWIR, LWIR).
Integrated photonics and electronics for:
• Radar and Lidar.
• Communications.
• Displays.
• Hardened computers and memory.
• Microwave and millimetre wave power sources.
Other Applications:
• Active Optical Cables.
• Coherent laser arrays for pumps, industrial applications.
• Commercial UV/VIS/NIR cameras.
• Medical Imaging Devices.
Complementary Technologies:
2.5 D Packaging:
• Refers to die-stacking where multiple chips are put in a single package; often used for memory devices.
3 D Packaging:
• Refers to true multiple-chip packaging where devices can be assembled in any orientation to one another in the vertical or horizontal plane.
Silicon Photonics:
• Typically involves a passive silicon substrate providing optical (and often electrical) interconnect between separate active devices attached to it.
Coherent Optics:
• Module-level tunable integrated optical circuits for DWDM optical networking applications.
Four Examples of POET Value:
CMOS Silicon:
• Final CMOS Si geometry (10/11 nm) is under development now; first production 2015?
• POET/PET offer about 100x speed improvement over CMOS silicon.
• POET/PET offer 10-100x power efficiency improvement over CMOS silicon.
OE Conversion:
• As example, current 10 Gigabit Ethernet transceivers use about 10 individually packaged ICs on a substrate in a die-cast housing; POET can reduce this to 1 individually packaged IC.
• Depending on application, POET can reduce overall OE transceiver cost by 60 to 90%.
Memory and Storage:
• Current memory types include dedicated SRAM, DRAM, and NVRAM devices.
• POET/PET memory cell can concurrently support all three memory types.
• Massive simplification at system level due to elimination of NVRAM backup/recovery.
• Much lower bit error rates than silicon-based memories (several orders of magnitude).
Sensors and Weapons:
• POET provides low-cost optical thyristor arrays that can be used as dual-mode sensor/laser arrays (same panel can find targets and destroy them).
• Main reason US Government funded research for so long (19 years and counting).
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SBIR Awards: NASA, Department of Defense: US Air Force, US Navy, Missile Defense Agency:
Links on the NASA website to SBIR's:
http://sbir.nasa.gov/sbirweb/search.jsp?q=ODIS&image.x=0&image.y=0&image=Search&site=Website&client=sbir_frontend&proxystylesheet=sbir_frontend&output=xml_no_dtd&fromSearch=Y
NASA SBIR (2010) Solicitation: Optoelectronic Infrastructure for RF/Optical Phased Arrays:
http://sbir.gsfc.nasa.gov/SBIR/abstracts/10/sbir/phase2/SBIR-10-2-O1.01-9727.html?solicitationId=SBIR_10_P2
NASA SBIR: Optoelectronic Infrastructure for RF/Optical Phased Arrays. (TRL end of contract 5):
http://sbir.gsfc.nasa.gov/SBIR/abstracts/10/sbir/phase2/SBIR-10-2-O1.01-9727.html?solicitationId=SBIR_10_P2
NASA SBIR: Optoelectronic Infrastructure for RF/Optical Phased Arrays. (TRL end of contract 7):
http://sbir.gsfc.nasa.gov/SBIR/abstracts/10/sbir/phase2/SBIR-10-2-O1.01-9727.html?solicitationId=SBIR_10_P2
NASA SBIR Optoelectronic Infrastructure for RF/Optical Phased Arrays (Award details Phase 1):
http://sbir.gsfc.nasa.gov/SBIR/abstracts/10/sbir/phase2/SBIR-10-2-O1.01-9727.html
NASA SBIR Optoelectronic Infrastructure for RF/Optical Phased Arrays (Award details Phase 2):
http://sbir.gsfc.nasa.gov/SBIR/abstracts/10/sbir/phase1/SBIR-10-1-O1.01-9727.html
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Department of Defense: SBIR Research Centre:
http://www.dodsbir.net/selections/
List of SBIR Awards for the Department of Defense for ODIS:
http://www.sbir.gov/sbirsearch/detail/254696
These are the SBIR's & STTR's that POET received before they were a publicly traded company:
http://www.sbir.gov/sbirsearch/detail/256466
Department of Defense, US Navy SBIR (2010) Phase 1: Integrated Optoelectronics for Optical CDMA:
http://www.navysbir.com/10_2/244.htm
Department of Defense, Missile Defense Agency SBIR (2008) P1: Photonic control technology for Phased Arrays:
http://www.sbir.gov/sbirsearch/detail/254701
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List of SBIR's for the Department of Defense, US Air Force:
http://www.afsbirsttr.com/TechSearch/Default.aspx?kwa=odis
Department of Defense, US Air Force SBIR (2008) Phase 1: An Optically Switched Thyristor as a Thz pulse Source:
http://www.sbir.gov/sbirsearch/detail/254699
Department of Defense, US Air Force SBIR (2009) Phase 1: Thyristor-HFET logic based on optical signal transfer:
http://www.sbir.gov/sbirsearch/detail/254705
USAF (2009) Complete P1 Invited P2: Integrated wide-bandgap semiconductor photoconductive switch with a terahertz antenna:
http://www.afsbirsttr.com/award/AwardDetails.aspx?pk=15165
Department of Defense, US Air Force SBIR (2009) Phase 2 Final: High Frequency Optoelectronic Oscillator:
http://www.afsbirsttr.com/Include/Report/SummaryReport.aspx?pk=91340E9D-38E3-4A8D-A73C-5BFE4EBD509C&type=TechMall
Department of Defense, US Air Force SBIR (2009): High Bandwidth Optoelectronic Data Interfaces for Satellites:
http://www.afsbirsttr.com/Include/Report/SummaryReport.aspx?pk=EFB9CC2D-06D2-4655-B11F-18F5A1B356B4&type=TechMall
Department of Defense, US Air Force SBIR 2009 Phase 1: Optoelectronic directional couplers for optical switching fabrics:
http://www.afsbirsttr.com/Include/Report/SummaryReport.aspx?pk=54FE8547-B006-4A9D-B15E-7349BC5942F6&type=TechMall
Department of Defense, US Air Force SBIR 2010 Phase 2: Optoelectronic Directional Couplers for Optical Switching Fabrics:
http://www.afsbirsttr.com/Include/Report/SummaryReport.aspx?pk=57CD1CEF-D3A8-4713-B2A3-52F5617BE3B5&type=TechMall
Department of Defense, US Air Force SBIR 2010 Phase 2: Monolithic InfraRed pixel structures enabled by Thyristor-HFET EO logic:
http://www.sbir.gov/sbirsearch/detail/8151
Department of Defense, US Air Force SBIR (2010) Phase 1: An Optoelectronic Ultra Low Power RAM:
http://www.afsbirsttr.com/Include/Report/SummaryReport.aspx?pk=B87DCBB3-6910-4774-AE41-3EF24F72D4EC&type=TechMall
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Technology Readiness Levels Demystified:
http://www.nasa.gov/topics/aeronautics/features/trl_demystified.html
ODIS was one of only 10 companies selected for the CPP:
http://www.acq.osd.mil/osbp/sbir/docs/FY08-SBIR-Commercialization-Pilot-Program-Report-to-Congress.pdf
US Department of Defense, Small Business Innovation Research Program (SBIR) & Commercialization Pilot Program (CCP):
http://www.acq.osd.mil/osbp/sbir/docs/FY08-SBIR-Commercialization-Pilot-Program-Report-to-Congress.pdf
Government Contracts Awarded to POET:
http://www.governmentcontractswon.com/department/defense/OPEL_inc_005862623.asp?yr=10
POET Platform to Develop Optoelectronic Infrastructure for NASA & Optical Code Division Multiple Access (OCDMA) Technology;
http://satellite.tmcnet.com/topics/satellite/articles/136636-odis-poet-platform-develop-optoelectronic-infrastructure-nasa.htm
ODIS Gets Green Light From the Navy & Receives a Development Contract:
http://www.techzone360.com/news/2010/09/10/5000290.htm
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Audio clips of POET Presentation in Toronto:
POET Presentation Part 1: http://tinyurl.com/pxe8elq
POET Presentation Part 2: http://tinyurl.com/ph9s3ec
POET Presentation Part 3: http://tinyurl.com/poeygee
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Markets and Products:
The overall semiconductor market has been projected to grow to $550 billion by 2015 and remains a rapidly growing segment of our economy. Current research and development spending by semiconductor companies has grown to a record-high $53.0 billion, or an equivalent of 16.7% of total semiconductor sales, its highest level in 4-5 years (IC Insights 2013). Electronics, with sales topping $1,200 billion, generally require semiconductors to achieve success and competitive performance. Progress in the electronics industry over the past four decades has both driven and been driven by the industry’s ability to create and serve markets with faster, cheaper and smaller monolithic ICs. Each product advance in turn becomes the driver for the next wave of IC technology. Many new generations of IC technology have increased IC capabilities and thus those of the products in which they serve. Advances in personal computers, communications and many consumer devices have been powered by this continual development in semiconductor technology. Through 2017, the convergence of internet-capable and mobile technologies will drive the strength of the semiconductor device market.
Today however, the traditional semiconductor paradigms may be falling short. Silicon ICs are not well suited to serve in the arenas of optoelectronics and very high-speed mixed-signal circuits, and currently no adequate monolithic (single-chip) technology exists. Today’s implementations in these markets are not fully benefiting from the cost savings of integrated technologies, but rather are based in part on hybrid or multi-component approaches. In the hybrid approach, multiple individual semiconductor components incorporating multiple technologies are interconnected to form circuits satisfying the needs of a particular application. This approach is used successfully to bring solutions to limited-size markets, particularly those in which performance is at a premium, despite a higher price. As the need for high-speed services spreads and higher-volume markets continue to emerge, however, this hybrid approach to implementation adds expense. Hybrid technology may be able to serve the limited-size markets that are able to tolerate higher price tags, but such technology cannot serve truly large, competitive markets.
Today’s semiconductor industry is typically seen as dominated by silicon products, with the silicon IC industry then being divided into (i) the personal computer and memory segment and (ii) the fabless IC segment. The fabless segment is then split into a triad of separate industries providing (i) design tools, (ii) IC designs and (iii) IC fabrication, all operating independently but synergistically. While this is a good description of the silicon portion of the semiconductor industry, it is not a model of the whole semiconductor industry. Left unaddressed are markets for analog, mixed-signal, radio frequency and optical products that are currently served by a combination of non-silicon technologies, including silicon-germanium, GaAs, indium phosphide and gallium nitride, which collectively cover a variety of applications, some of which are described below. Compared to existing technologies, POET is expected to be more versatile, meaning that POET can potentially be utilized to manufacture many more device types that could require the implementation of on-board optics or radio frequency electronics.
The Company’s POET platform is being developed to apply in a large portion of this budding semiconductor market as it represents a potential solution to increasing semiconductor performance in an economical and functional manner. Once developed, the Company’s GaAs-based chip design processes could have several potential major market applications, including: (i) infrared sensor arrays for military as well as Homeland Security monitoring and imaging and (ii) microchips combining optical lasers and electronic control circuits for potential use in various military programs and telecom applications, including within fiber to the home technology. In the short term, POET’s current development efforts may allow future licensees to address opportunities in the following markets (IC Insights 2013, Gartner 2013)):· Pad, Tablet and Cloud OS-type PC devices—Demand continues to surge for tablet-class and phablet-class devices, and the market for PCs built on cloud-based services, such as Chromebooks, is beginning to heat up. One example of device key to this market, DRAM, is projected at a $35.0 billion market in 2015; logic at $115 billion;
· Smartphones—Semiconductor content of this fast-growing segment represents approximately 31% of the average selling price, compared to 23% for ordinary cellphones. 3G/4G smartphones are set to impact on the future analog, DSP, logic, and NAND flash memory IC markets. The mobile phone semiconductor market alone is projected $64.1 billion for 2015.
· Digital and Smart TVs—Streaming capability via the Internet will be the must-have technology in 2014; this points to increased revenues for LED drivers, power management ICs, and MCUs/MPUs. MPUs/CPUs are forecast at $92.6 billion for 2015.
· Smart Grids and Advanced Metering Infrastructure (AMI)— Residential appliances and related electrical systems are now being
designed for interaction with power utilities via the Internet and local networks. Smart grid technology investment is forecast to grow 19% annually through 2016.
· “Internet of Things”— The identification, monitoring, and control of objects with an addressable Internet protocol has been gaining momentum for over a decade with no abatement. The sensor and actuator semiconductor market, one of the areas impacted by this sector, is projected at $14.1 billion.
The Company’s strategy is to continue aggressive research and development efforts directed toward the completion of the POET platform. Upon completion of development, the Company anticipates that POET could compete in the following broad markets.
Military
POET’s technology platform for optoelectronic integration is designed to exploit the optoelectronic and electronic behaviors of GaAs semiconductor material. One of the benefits of this material, from a space electronics perspective, is that GaAs is significantly less susceptible to x-ray and gamma-ray total integrated dose radiation. GaAs has been a long-standing choice for high-frequency devices and circuits, though GaAs digital devices do not provide the performance that metal oxide semiconductor field effect transistor devices provide. Currently, the POET platform is being utilized within a NASA deep space probe initiative.
Important to military applications are the electronic devices that can be integrated into the POET design architecture, including both complementary heterostructure field effect transistors and complementary HBTs. These transistors will enable both analog and digital functions in POET hybrid optoelectronic devices. The technology also provides a number of key, integrable opto-electronic devices: resonant vertical cavity lasers, detectors, amplifiers and modulators for out-of-plane operation. In addition, a novel innovation enables in-plane waveguide and traveling wave operation for lasers, detectors, modulators, amplifiers and directional coupler switches. Important to the military is POET’s potential to integrate digital, radio frequency and optical technologies in a single device, which is designed to satisfy the documented high-performance capability needs for multiple space systems of all military departments and agency technology areas.
POET’s architecture, which incorporates a dense mix of active optical elements and optical waveguides together with logic and mixed signal elements, is designed to enable a wide variety of space-system components including 40 GB/s polarization diversity receivers, radiation hardened digital signal processor chips, 1 THz transmitters and receivers, 40 GB/s optical transponders and ultraviolet, visible and infrared imaging. These components, when developed, could be combined to enable a number of applications including high speed transceivers for laser communications, radio frequency transceivers, radiofrequency and optical phased arrays, optoelectronic interconnects, analog-to-digital and digital-to-analog converters, uncooled visible, mid-wavelength infrared and long-wave infrared imagers, optical memory, opto-electronic and radio frequency apertures, ultra-wide-band sources and receivers, low-light-level sensors, single photon counters and optical correlators.
Using inter-sub-band absorption for the ultraviolet, infrared and visible light detector, POET could have the ability to offer a low-cost monolithic solution to multi-spectral imaging. The compact array could provide: (i) detection, readout and analog-to-digital conversion on a single chip; (ii) a common axis for ultraviolet, visible and infrared imaging; (iii) wavelength scanning; and (iv) 300K operation with no cooling required. The Space Situational Awareness Tech Area (“SSA”) has indicated that this technology addresses SSA sensor requirements by providing required capability with significantly reduced size, weight and power. In addition, the Air Force Communications Command and Control Division (“C3”) Tech Area Plan identifies mid- and long-term space communication and C3 technology challenges that require the photonic applications that POET is designed to provide.
After testing, the Air Force Commercialization Pilot Program (“CPP”) selected POET’s ultraviolet/infrared/visible imaging technology project as their candidate for an AFRL grant to fund the POET transition program and Phase III effort. Utilizing AFRL funding, the Company and BAE have entered into a transition program to jointly produce the POET platform and take it to production. Furthermore, BAE and other military prime contractors have expressed interest in using the POET platform in systems/subsystems for their Department of Defense customers. Additionally, a qualifier for receiving CPP funding is the acknowledgement of the firm’s willingness to commercialize a portion of the funded technology, thus providing commercial customers access to packaged parts, enabling the technology to be adopted for commercial and military systems.
Commercial:
The proliferation of consumer electronics has created a vast and growing market demand for semiconductor technology. Each new advance in this market requires smaller, denser and more efficient computing power, while maintaining efficient costs. To satisfy these demands, the capabilities of traditional semiconductors must be enhanced. The Company believes that POET has the potential to be a breakthrough technology.
According to a report published by industry researcher IC Insights in 2013, the optoelectronics market is forecast to surpass the discrete semiconductor market and become the second largest segment in the semiconductor industry behind ICs. Another market researcher, BBC Research of Wellesley, Massachusetts recently published a report, “The Electronics and Components in Global Imaging Markets”, which stated that the global market for opto-electronic imaging sensors and components is expected to increase sharply over the coming years, including in applications such as automobile internal compartment monitoring, external accident sensors and camera applications.
Marketing Plan:
Military Segment:
Our initial fundamental business strategy is to continue our directed focus on the military market through licensing arrangements with BAE and others and by pursuing projects which meet the POET platform product design goals of the transition process, which may lead to the subsequent volume production and license revenue generation. Our intent is also to foster prime contractor involvement that will lead to either a licensing or other form of partnership relationship based on long term demand for the POET platform, and to develop that demand into a potential partner’s strategic plans for meeting government requirements. Training, supporting and energizing the prime contractor sales teams will be a key ingredient to POET’s success in generating military and agency revenue.
Commercial Segment:
Our commercial sales and marketing activity will be based on direct contact with target corporations by senior management or industry consultants hired by the Company. Such contact will focus on developing successful relationships within the product areas. We know from our past experience in the solar industry that relationship leveraging is required to first gain entrance and then acceptance of a new company with new technology. Marketing and product development activity is expected to continue throughout the POET development and transition process in order to anticipate and adapt commercially directed devices, as well as commercial applications discovered going forward, during the development phase, thus offering well-designed, well-supported, market-focused products capitalizing on the potential advantages of POET.
The release of test or prototype devices to both market segments for testing and acceptance of the POET process is important to the Company’s marketing plan. The availability of prototypes will be necessary to solicit early design wins with the potential to lead to volume production at such time as the Company can commence the POET transition. Currently, a prototype infrared sensor is in development for the AFRL which the Company believes, when completed, can be adapted for commercial prototype use. The Company believes that the most expedient way to scale its sales efforts in both the military and commercial market segments will be to work with and through the marketing, sales and engineering teams of those firms who are respected, proven product and solution providers, already holding a significant market share within their industry.
Commercialization:
The Company will focus first on the simplest products that can make its POET process stand out. To achieve this, the Company anticipates teaming with partners to produce and deliver POET driven devices into the military market segment in order to obtain high visibility quickly and to achieve the fast sales ramp-up in the commercial segment.
First Phase; Initial Prototypes and Initial Production:
Initial prototype devices meeting commercial requirements are anticipated to be produced in sufficient quantities during the POET transition program utilizing the BAE fabrication facility. Prototypes such as the infrared sensor now in development with BAE for military testing and use are targeted to be used to introduce the POET platform process to the marketplace and to enable the Company to gain access to potential customers and seek early commercial design wins. Having a third party manufacture infrared sensors will help serve to validate POET and should provide momentum to seek design wins.
Second Phase: Production:
The Company’s manufacturing model is to be fabless, meaning that we will partner with third party semiconductor fabrication facilities to produce the POET IC devices. As vertical market partnerships may be established, we anticipate those partnerships would seek to either utilize the BAE facility or another facility of their choosing to meet their volume fabrication needs, leveraging off of the prototypes expected to be manufactured at the BAE facility. To the extent that POET is successfully introduced and demand dictates, the Company intends to continue to improve on its ability to provide cost effective product by utilizing well known, commercial market-focused fabrication facilities worldwide. The manufactured cost of a POET component will include the cost of manufacturing the die, plus the cost of packaging the die. Depending upon the type of component manufactured, the physical dimensions of the die will vary, as will the packaging cost.
Manufacturing:
The Company has contracted with BAE for the transition phase of its POET platform development from the POET laboratory on the campus of the University of Connecticut. If successfully completed, the Company expects to partner with BAE for the continued and on-going manufacture of wafers to meet the Company’s initial production requirements. The Company does not currently have a manufacturing agreement in place with BAE, but would seek to establish such agreements upon a successful transition of the POET process to production capability.
BAE’s III-V GaAs fabrication facility is ISO 9001/14001 certified, military specification certified and can produce radiation hard devices. BAE’s state of the art facility houses two 3” wafer diameter production lines and two 6” wafer diameter production lines within 14,000 sq. ft. and a wafer test area covering 16,000 sq. ft. The facility is vibration isolated and environmentally controlled for sub-micron device development and manufacture. We believe that there is substantial capacity available to us for implementation of our development and to-market plans, and that BAE would be receptive to making such capacity available to us. Currently, a staff of over 150 engineers is devoted to design and development with another 70 devoted to foundry operations and testing.
Packaging:
We do not expect to package the devices, but expect to subcontract the service, as is conventional in the industry. BAE does offer a packaging group and can serve as the Company’s initial provider of this service, although no such arrangement currently exists. Packaging of early components will use vertical optical fiber attachment, as do vertical-cavity surface-emitting laser components. POET expects to introduce a lower-cost packaging technology capitalizing on the in-plane emission and reception capability of POET that will be developed later. Packaging of a POET component will involve attaching one die to a package, and attaching the fibers. Since all elements of the design are incorporated on one die, there will be no electrical or optical connections to be made between die in the package. Thus the packaging cost of POET components should be less than the costs of competing multiple-component products.
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Monetization Paths:
Several Options to Monetize POET:
• POET is a research company, not a product company.
• POET/PET are ready to enter the commercialization process.
• No single company is currently active in all market areas where POET provides a best-inclass value proposition; syndicate needed to extract full value from technology platform.
Single Acquirer:
• This path would involve selling POET to a single (by definition large) 3rd party.
• Technology access/investment would likely be syndicated by acquirer.
• Relatively small number of viable candidates.
Multiple Acquirers:
• This path would involve selling POET to a syndicate (likely structured as a joint venture).
• Ideal syndicate would include members with market presence in key areas related to POET commercialization.
Licensing:
• Certain specialized market segments might be best addressed by licensing all or part of the POET/PET technology to one or more 3rd
parties for use in a given market.
• Can be complex with difficult-to-foresee implications for other activities.
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Profile of Professor Geoffrey W. Taylor:
Department of Electrical & Computer Engineering:
http://www.ee.uconn.edu/faculty.php?f_id=18
Office: ITE Building 459
Phone: (860) 486-2666
Email: gwt@engr.uconn.edu
Blog of Dr. Geoffrey Taylor, Chief Scientist at POET Technologies Inc.
http://insights.wired.com/profiles/blogs/is-silicon-dead-or-can-we-expect-more-from-moore-s-law#axzz2ajhs93GC
Article written by Dr. Taylor about POET in Compound Semiconductor, starting on page 52:
http://www.compoundsemiconductor.net/csc/adminpanel/uploads/magazine_images/june2014.pdf
Education:
B.Sc., Electrical Engineering, Queens University, Kingston, Ont., 1966
M.A.Sc., Electrical Engineering, Univ. of Toronto, Toronto, Ont., 1968
Ph.D., Electrical Engineering, Univ. of Toronto, Toronto, Ont., 1972
Research Interests:
Background in the areas of materials, devices and circuits for microelectronics. Early work in material defects, MOS device modeling, and circuit performance of Si based VLSI technology. Interests in the device limitations, the circuit configurations and the systems problems associated with VLSI. Translation of Si inversion channel device concepts to III-V systems for optoelectronics. Development of FET and bipolar devices in heterostructure systems. Research on optoelectronic devices includes detectors, lasers, amplifiers, modulators and passive optical devices. Current interest is in the implementation of optoelectronic integrated circuits ?IC? that combines the functions of optical and electronic devices in a single chip, infrared imaging and THz detection. Applications are circuits and subsystems for optical interconnect, optical computing, optical signal processors, and RF analog photonic systems such as phased array radars and wireless communication systems. Particular emphasis on the development of optoelectronic switches for new circuit functions such as high speed AD and DA, VCO, PLL and logic blocks. Targeted applications are DWDM systems for metro access, photonic switching systems for packet switching and optoelectronic interfaces for high speed memories, processors and networks. Modeling of laser diodes, Vertical Cavity Lasers, intersubband absorption, photoluminescence. ultra high speed electronic devices, rare earth doped lasers, THz device physics.
Memberships:
Institute of Electrical and Electronics Engineers (IEEE)
Optical Society of America (OSA)
Lasers and Electro-Optics Society (LEOS)
SPIE - The International Society for Optical Engineering
Publications + Archival Technical Journal Publications:
Research Article Yan Zhang and Geoff Taylor
http://www.hindawi.com/journals/aoe/aip/930369/
Click here to download pdf file:
http://downloads.hindawi.com/journals/aoe/aip/930369.pdf
More articles of G W Taylor:
http://www.hindawi.com/40714905/
Search IEEE, 107 results for Dr "Taylor, G.W.":
http://ieeexplore.ieee.org/search/searchresult.jsp?searchWithin=p_Authors:.QT.Taylor,%20G.W..QT.&searchWithin=p_Author_Ids:37277680800&newsearch=true
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Patents awarded to Geoff W Taylor, POET & Uconn:
https://www.google.com/search?tbo=p&tbm=pts&hl=en&q=ininventor:%22Geoff+W.+Taylor%22#hl=en&tbm=pts&sclient=psy-ab&q=ininventor:%22Geoff+W.+Taylor%22&oq=ininventor:%22Geoff+W.+Taylor%22&gs_l=serp.12...0.0.0.72735.0.0.0.0.0.0.0.0..0.0....0...1c..19.psy-ab.8Mf5yfT-Wzs&pbx=1&bav=on.2,or.r_qf.&fp=d5d4cafb6e690c15&biw=1236&bih=590
Patents awarded to OPEL, Inc:
https://www.google.com/search?sa=N&hl=en&biw=1236&bih=590&tbm=pts&tbm=pts&q=inassignee:%22OPEL,+Inc.%22
List of Patents for OPEL /ODIS & Dr. Taylor & Uconn (2 Patents were sold after making this list):
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74245127
Newest Patents:
- "Fiber Optic Coupler Array":
http://patentscope.wipo.int/search/en/detail.jsf?docId=WO2014093616&recNum=1&office=&queryString=%22Fiber+Optic+Coupler+Array%22&prevFilter=&sortOption=App+Date+Desc&maxRec=4
- "Optical closed loop microresonator and thyristor memory device":
https://www.google.com/patents/EP2745154A1?cl=en&dq=geoff+taylor&ei=USXHU53HH9GSyASU-IK4Dw
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Company Info & News Releases:
July 8th, 2014 POET Technologies Announces Technology and Regulatory Updates (MS8):
http://www.poet-technologies.com/poet-technologies-announces-technology-and-regulatory-updates/
July 7th, 2014 POET Technologies Appoints Ajit Manocha as Executive Vice Chairman and Announces Other Board Updates:
http://www.poet-technologies.com/poet-technologies-appoints-ajit-manocha-as-executive-vice-chairman-and-announces-other-board-updates/
May 27th, 2014 POET Technologies Provides Update on 100-nm Initiative, Process Equipment Upgrade, and Technology Design Kits:
http://www.poet-technologies.com/poet-technologies-provides-update-on-100-nm-initiative-process-equipment-upgrade-and-technology-design-kits/
April 28th, 2014 POET Technologies Appoints Taylor Rafferty, LLC as Investor Relations Firm:
http://www.poet-technologies.com/poet-technologies-appoints-taylor-rafferty-llc-as-investor-relations-firm/
April 14th, 2014 POET Technologies’ Chief Scientist in Spotlight at Empire Club’s Spirit of a Pioneer:
http://www.poet-technologies.com/poet-technologies-chief-scientist-in-spotlight-at-empire-clubs-spirit-of-a-pioneer/
April 7th, 2014 POET Technologies Announces Completion and Availability of POET Technology Design Kit Documentation (POET/TDK):
http://poet-technologies.com/poet-technologies-announces-completion-and-availability-of-poet-technology-design-kit-documentation-poettdk/
April 4th, 2014 PTK Announces Annual General Meeting, Stock Option to New Staff Member & Deferral of Board Fees Increase and Options:
http://poet-technologies.com/poet-technologies-announces-annual-general-meeting-stock-option-grant-to-new-staff-member-and-deferral-of-board-fees-increase-and-options/
March 31st, 2014 POET Technologies Adds Key Staff and Files Strategic Patent Applications for POET-Based Quantum Computing:
http://poet-technologies.com/poet-technologies-adds-key-staff-and-files-strategic-patent-applications-for-poet-based-quantum-computing/
March 4th, 2014 POET Technologies Achieves New Milestone and Reports Significant Progress:
http://poet-technologies.com/poet-technologies-achieves-new-milestone-and-reports-significant-progress/
February 24th, 2014 POET Technologies Announces Integrated Optoelectronic Infrared Device Fabrication and Industrial Foundry Validation:
http://poet-technologies.com/poet-technologies-announces-integrated-optoelectronic-infrared-device-fabrication-and-industrial-foundry-validation/
February 13th, 2014 POET Technologies Announces Closing of $5,000,000 Private Placement:
http://poet-technologies.com/poet-technologies-announces-closing-of-5000000-private-placement/
January 28th, 2014 POET Technologies Files Form 20-F with U.S. SEC:
http://poet-technologies.com/poet-technologies-files-form-20-f-with-u-s-sec/
January 20th, 2014 POET Technologies – Valuation Update:
http://poet-technologies.com/valuation-update/
January 6th, 2014 POET Technologies – Special Strategic Committee Update:
http://poet-technologies.com/poet-technologies-special-strategic-committee-update/
November 18th, 2013 POET Technologies – Stephane Gagnon Appointed Senior Vice-President of Operations
http://www.poet-technologies.com/poet-technologies-stephane-gagnon-appointed-senior-vice-president-of-operations/
October 21st, 2013 POET Technologies Special Strategic Committee Announces Key Updates:
http://www.poet-technologies.com/poet-technologies-special-strategic-committee-announces-key-updates/
August 16th, 2013 POET Moves to Next Phase of Commercialization Plan, Endorses Recommendations of Special Strategic Committee:
http://www.poet-technologies.com/poet-technologies-moves-to-next-phase-of-commercialization-plan-endorses-recommendations-of-special-strategic-committee/
July 23rd, 2013 OPEL Technologies Inc. Changes Name to POET Technologies Inc.
http://www.poet-technologies.com/opel-technologies-inc-changes-name-to-poet-technologies-inc/
June 27, 2013 OPEL Technologies Inc. Achieves Integrated Circuit Milestone via Proprietary POET Platform:
http://www.marketwire.com/press-release/opel-technologies-inc-achieves-integrated-circuit-milestone-via-proprietary-opel-platform-1806744.htm
June 27, 2013 OPEL Technologies Creates Advisory Board to Special Strategic Committee:
http://www.poet-technologies.com/opel-technologies-creates-advisory-board-to-special-strategic-committee/
June 21, 2013 OPEL Technologies Announces Results of Annual Meeting 2013:
http://www.poet-technologies.com/opel-technologies-announces-results-of-annual-meeting/
June 3, 2013 OPEL Technologies Provides Facility and Development Status Update:
http://www.poet-technologies.com/opel-technologies-provides-facility-and-development-status-update/
March 4th, 2013 OPEL Announces Radio Frequency & Microwave Test Results for Complementary Transistors Fabricated in POET Process:
http://www.poet-technologies.com/opel-technologies-inc-announces-radio-frequency-and-microwave-test-results-for-complementary-transistors-fabricated-in-poet-gallium-arsenide-process/
Feb 15, 2013 OPEL Technologies (TSXV: PTK) Completes $7.2 Million Private Placement:
http://www.investmentpitch.com/video/0_hlkf4i5m/OPEL-Technologies-TSXV-PTK-Completes-72-Million-Private-Placement
Dec 4, 2012 OPEL Announces New Laser by ODIS Subsidiary as Key Achievement in POET Monolithic Optoelectronic Platform:
http://www.poet-technologies.com/opel-technologies-inc-announces-new-laser-by-odis-subsidiary-as-key-achievement-in-poet-monolithic-optoelectronic-platform/
See more News Releases + All Archived Events dating back to 2005:
http://www.poet-technologies.com/category/press-releases/
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Third Party websites featuring POET Technologies Inc.
GaAs: The Logical Successor To CMOS:
http://www.compoundsemiconductor.net/article/94567-gaas-the-logical-successor-to-cmos.html?utm_source=twitterfeed&utm_medium=twitter
Interview POET Technologies Inc Disruptive Advances In Intel’s (NASDAQ:INTC):
http://www.midasletter.com/2014/04/poet-technologies-inc-tsx-vptk-disruptive-advances-intels-nasdaqintc-back-yard/
APRIL 28 2014 Empire Club, Spirit of a Pioneer Series Featuring Dr. Geoff W. Taylor, Chief Scientist of POET Technologies Inc:
http://www.empireclub.org/events/poet-technology/
UConn takes equity stake in Canadian startup:
http://www.hartfordbusiness.com/article/20140310/PRINTEDITION/303079964/1043
POET Technologies says it has the world’s next great microchip:
http://adrianbrijbassi.com/2013/07/30/poet-technologies-says-it-has-the-worlds-next-great-microchip/
Must-Have Stocks for the High-Tech Arms Race by Byron King:
http://www.scribd.com/doc/162076340/MTA-TwoMustHaveStocks?secret_password=12ir7dscc526x8bl1ek9
POET Technologies: Hochgeschwindigkeits digitaltechnik von morgen:
http://rainerklute.wordpress.com/2014/02/01/poet-technologies/
POET Technologies propels forward with new wave of chip technology:
http://www.proactiveinvestors.com/companies/news/47366/poet-technologies-propels-forward-with-new-wave-of-chip-technology-47366.html
How to sell Silicon Valley on the death of silicon:
http://www.theglobeandmail.com/report-on-business/small-business/sb-growth/the-challenge/how-to-sell-silicon-valley-on-the-death-of-silicon/article13093729/
The end of Moore’s law: Q&A with POET technologies’ Peter Copetti:
http://memeburn.com/2013/07/the-end-of-moores-law-qa-with-opel-technologies-peter-copetti/
Breaking Moore's Law: How chipmakers are pushing PCs to blistering new levels (PTK is featured halfway through the article):
http://www.pcworld.com/article/2033671/breaking-moores-law-how-chipmakers-are-pushing-pcs-to-blistering-new-levels.html
Industry Perspective: Keeping Pace With Moore’s Law:
http://www.datacenterjournal.com/it/industry-perspective-keeping-pace-moores-law/
Getting Rich from Military Technology:
http://pennysleuth.com/getting-rich-from-military-technology-part-ii/
Proven growth markets for Clean Technology companies:
http://www.tmx.com/en/pdf/Cleantech_Sector_Sheet.pdf
IBK Capital:
http://www.ibkcapital.com/technology/overview/
* * * * * * * * * * * * * * * *
POET in a nutshell:
- Revolutionary POET Platform is over 20 years in development.
- Developed by Dr Geoffrey Taylor together with the University of Connecticut.
- Company has received over $5 Mil in Government funding since inception.
- SBIR grants from US Navy, US Air Force, US Missile Defence Agency & NASA.
- Working with BAE Systems, the second biggest military contractor in the world.
- IBK Capital has funded the Company for more than $40 Million since inception through various PP's.
- POET Technologies Inc.has 34 Patents & 7 pending.
- POET Technologies Inc. is up-to-date on all reports since inception.
- POET Technologies Inc. received an oversubscribed PP $5 mil in Feb '14.
- Company has enough working capital for the next 12 months.
- No lawsuits!
- No shady transactions!
- No questionable characters involved!
- No toxic financing!
- No Preferred shares!
- The monetization of POET is very near, be it licenses, contracts, PDA's & Joint Ventures, spinoff(s) and a partial or total buyout of the revolutionary POET Platform.
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"Disclaimer"
I hold shares in PTK.V but I'm not compensated in any way for making this DD Collection! The Due Diligence report I compiled here must only serve for informational purposes, I am not an Investment Advisor, nor qualified in technical matters like the POET Technology, so this is not an offer to buy or sell securities in POET Technologies Inc. Please contact your Financial Advisor, Counsel or Lawyer before even contemplating buying securities. Also, read all the available information on the homepage and the websites of SEDAR, SEDI, SEC and investing can be very risky, there are no guarantees! You have to take into consideration that you can lose all your money before you decide to take a position in this stock, or any other.
I wish you all the best & feel free to distribute this Due Diligence report for informational purposes...
Signs of life.
SFRX
Not prudent to wait until there is the need, and then start 20 years of work developing what is needed. Tremendous vision in this company. There was no market for cars when I believe your Henry Ford started making something, and a market was created.
POETF
Add, add, add.
POETF
Many dynamics taking place, but imo, a $10 billion valuation as the company currently stands would be anywhere between $45 - $50/share. Many variables remain to be faced, and absorbed. Remain fluid in your expectations, but know that you are in one of the more special stocks out there, and still amazingly under the radar. Reverse split news will create some nice share pick-up opportunities imo.
POETF
Stay diversified people. We will make more money on this too, but there are many things out there that are going to produce for you, and then, if you want, you can take a deeper position in SFRX, and wait. Do not remain idle. Time lost is money lost. Keep a core position in SFRX, and on moves up with some degree of strength, sell half, and buy more on the pullbacks. Keep your core in so you do not miss that which could happen at any time, but take some off the top, and do not remain idle. Work it elsewhere, and come back here , and add if you want. Not a bash of any kind, just a personal perspective when things are taking years to happen. Life is fast, and we must be aggressive to get the most, and still have time to enjoy it.
SFRX!
Will be done when the time is right.
Counting days ? Ludicrous!
Will happen. Work on other opportunities while we wait. MUCH can be gained in other areas if opportunities are sought, and scrutinized well. GTGP is not the be-all, and end-all. An imperfect situation that still may bring us a return, and free up some of our capital. Know well in advance where you wan to put that capital. Make use of the time with this "dead money", and KNOW where you are going when (if) any capital is returned. Stay proactive, and you will win.
GTGP
Not all believe the same, but that is what creates the dynamics with which we are able to take advantage of. I work two accounts for SFRX. One is highly profitable from trading, and the other holds for that potential $OMEX-effect. Must learn to out-think, in order to make killings in this market. Trading SFRX in account one has bought MANY shares in a sure thing (diversifying). We can be our own worst enemy at making money in these markets if we only wait on OTHERS to do things FOR us. Create settings where you cannot lose, no matter if "they" come through, or not. Make yourself the Captain of your destiny. Passivity breeds passivity.
SFRX
You are correct GTG, the dumbest things said make NO difference. The onus falls on Jim, and no one else. There is either a very slowly evolving plan, which can go in a myriad of directions based on what "hits" first, or Jim will just wait for his cancer to take him out, and help him escape. If he dies, we see what happens. If he lives, then let us reserve judgement on the man, and his plan. In one day he could make us look brilliant for holding, or in one day, we can look like the world's biggest idiots. No one knows what WILL happen, so we patiently wait while G3 is rapidly developing as a new company.
Anyone who thinks that they know the outcome could help me immensely with other stocks I am considering to buy. Jim's legacy, and good name are at stake, and if he cares AT ALL, then we will eventually be satisfied with the execution of his plan that brings us a profit for our troubles, or makes those look like brilliant prognosticators who identified this as a scam.
It Is on you Jim.
GTGP
A girlfriend might help.
SFRX
Indicators looking a bit toppy imo, and there is a holiday coming up in America. Risk management, and a little profit-taking says it should be coming down a bit.
Funny how the market-makers took it up .12 on less than 19k vol. a couple of days ago, yet a much larger amount of selling is taking place today, and we are down only .05.
Just observing. Not bashing, nor predicting.
Great to be in a stock of this caliber.
POETF
Looks like it is trying.....again.
SFRX
Yawn.
Did anyone actually expect anything else?
ha!
Good one!
So you have not reviewed the financials of a private company J3, to know what kind of revenues and income it has been experienced in the last two years?
No?
I didn't think so.
You should be more financially responsible when you deal with the financial futures of the money of the public's money as trust begets trust, or maybe you were not aware of this basic financial pretense?
The Supreme Court's decision this week upholding a key element of EPA's climate regulations, while rejecting the agency's approach to setting thresholds for triggering emission controls, is the latest development in a renewed policy fight over climate change.
GTGP
The Supreme Court's decision this week upholding a key element of EPA's climate regulations, while rejecting the agency's approach to setting thresholds for triggering emission controls, is the latest development in a renewed policy fight over climate change.
Just days before the high court ruling, EPA issued a new proposed rule for limiting carbon emissions from existing power plants, a move that has already prompted state regulators to consider options for complying with the draft emission-reduction targets.
Game is not ever by a long shot. In the meantime, J3 which represents the declined acquisition, secondary to the "cooked" books
at MSE, has MORE than developed into something that even Jim did not dream. patience to the GTGP shareholders. Our time is coming imo.
GTGP
So what? Sit tight, and see what happens. Geez.
Nothing new there.
We will all take any luck that you bring to us Paul. :)
SFRX
LOL, no, not really surprised by that.
Will happen eventually.
Guess it was not THIS week ........again.
Former attorney Mark C. Perry shorting at $1.04 is a good place to start. Think I don't know what I am talking about? Think again.
The evidence is there if the powers that be care at all about pursuing. Electronic age. Nothing can be hidden. Justice prevails whether now, or when God has His turn. No worries here. Former scum attorneys carry no weight with my focus. lol. None at all.
Thanks for your sentiments Lindy. I have never left, but primarily lurk now. The best part of banging your head against a stone wall is when you stop. Profitability is off the charts since doing so. The best correlation that I can come up with is I don't spend very much of my mental energy trying to come up with comments, or retorts. Spending my mental energy on why most of us are here, and that is to make a difference in our lives, those we care about, and even those we will never know, but can help with what we draw from the stocks. :)
They were just probably done with their buying for now. MM's walk it down to cover, and make some money themselves.
Still buying here. This one is a gem. Has not even started imo.
POETF