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Semi Today
POET Technologies: Delivering Scale To Datacoms
Monday 28th September 2020
A joint venture between POET Technologies and Sanan IC is set to supply the huge volumes of optical engines that cloud data centres crave, reports Rebecca Pool.
In late June, this year, Canada-based POET Technologies signed a deal with Sanan IC, China, to form a $50 million joint venture that could significantly ease the manufacture of optical engines for datacoms applications.
By combining POET's CMOS-compatible optical interposer platform and Sanan IC's customised lasers and photodiodes, the partners will design and manufacture 100G, 200G and 400G optical engines in large volumes for high-speed datacoms markets.
As POET chairman and chief executive, Suresh Venkatesan, said at the time: “This joint venture has the potential to have a breakthrough in technological innovation as well as product competitiveness... [We will] offer the market the highest performance optical engines at a competitive price.”
POET's optical interposer is based on a multi-layer CMOS-based platform. Passive components such as optical waveguides and filters are integrated into the interposer via CMOS processing while active devices such as lasers, detectors, and modulators are aligned and placed within the top layers of the interposer. The platform's lower layers are home to high-speed metal traces that can connect with electronics components, such as drivers and processors, enabling high speed communication between electronic and photonic devices. The optical interposer platform also enables co-packaged optics, essential for higher capacity switches.
Critically, CMOS compatibility allows wafer-scale processing, opening the door to the high volume manufacture of optoelectronic devices that datacom players are demanding in droves. And herein lies the reason why the POET-Sanan IC venture is such a big deal.
Sanan IC's parent company, Sanan Optoelectronics, is the world's largest manufacturer of LED epi-wafers and chips, delivering around 50% of all chips. Sanan IC, itself, currently provides dedicated capacity for GaAs and InP epi-growth and epi-wafer fabrication on 2,4, 6 and 8 inch platforms.
Importantly, earlier this year, the foundry announced it would better serve global optical markets by expanding services to include the manufacture of VCSELs, DFB lasers and other optical communications components. For datacom players, vying to scale data centre operations in line with market growth, this spells good news.
Scale matters
Prior to the SARS-CoV-2 pandemic, POET president and general manager, Vivek Rajgarhia, and colleagues, visited the Sanan IC foundry in the High-Tech Industrial Development Zone of Xiamen, China, and left astounded.
“We knew that Sanan IC was the largest compound manufacturer in the world, but their facility certainly had a level of scale that I had never seen before, even from my days at MACOM, Hitachi OpNext (now Lumentum) and Lucent Microelectronics,” highlights Rajgarhia.
“The facility contains 400 MOCVD reactors and is making more than 20 million compound semiconductor wafers annually,” he adds. “And is now expanding into RF GaAs and GaN as well as InP optics.”
This latest move, which triggered the POET-Sanan IC joint venture, is set to enable the low-cost, high-scale integration of optical engines which lie at the heart of the all-important datacoms transceiver module used in cloud data centres.
As part of the joint venture, POET will supply optical interposers, manufactured by semiconductor wafer fab partner, SilTerra, at its 8 inch foundry in Kulim, Malaysia. Meanwhile Sanan IC will provide lasers, photodetectors and other active devices, which will then be integrated into the optical interposers at the joint venture's facility in Xiamen, to form optical engines.
POET president and general manager, Vivek Rajgarhia.
Along the way, POET has emphasised that none of its optical interposer's fundamental process or design IP will be transferred to Sanan IC during the joint venture. Once the joint venture starts volume production of the optical engines, POET will own 47% and Sanan IC will own 53% of the equity.
Intellectual property aside, thanks to the set-up's wafer-level processing, POET is confident that the joint venture will slash the labour and materials costs of optical engine manufacture by up to 40%, and capital expenditure by around ten times, compared to that required for conventional transceiver sub-assemblies. And of course, this will please potential customers such as Huawei, ZTE, Cisco, Juniper, ADVA, Delta, Innolight and EOptolink, and more, that require ever-greater volumes of optical engines for servicing cloud data centre customers.
“For cloud data centres to adopt our products, we need to provide enough manufacturing scale for our offering to be meaningful,” points out Rajgarhia. “The joint venture provides confidence to our end-customers that there is a supply chain with robust scaling - without this, data centre expansion could become limited.”
The POET president is also certain that critical optical engine fabrication steps, such as optics alignment and packaging, can take place seamlessly in a volume manufacturing environment. “The joint venture with Sanan IC is a huge endorsement of our technology -we've spent years working on alignment, testing and so on, so know how to do this,” he says. “I've seen these optical engines made in a more conventional way and you really do need a lot of patience to watch them being aligned and assembled - it takes time and is very expensive.”
Future plans
So what now for the joint venture? According to Rajgarhia, the current worldwide pandemic hasn't significantly slowed operations, so POET and Sanan IC are busy working on optical engines for customers that manufacture 100G, 200G and 400G transceiver modules. Potential customers also include system integrators and data centre operators that specify the suppliers and component that make up these modules.
Production of 100G and 200G optical engines is scheduled to be up and running by the third quarter of 2021 for customers around the world. Meanwhile, production of 400G-related products, including light engines and receivers, is set to come online by the end of 2021, with optical engine production following in 2022. Sales of 400G optical engines by the joint venture will be directed at the Greater China Territory.
“We will soon populate a facility in China with the necessary equipment relating to the joint venture,” says Rajgarhia. “POET is also opening its own subsidiary in Shenzhen, and is currently looking for talent there.”
Cash-wise, the future also looks bright. Based on the number of Ethernet ports shipped and optical transceiver modules sold, POET has calculated the total available market for all optical transceivers to be some $2.5 billion this year, growing to $7 billion come 2025. Of this, the company reckons the joint venture can serve a market worth around $1.5 billion in 2020 and $3.5 billion in 2025, and anticipates associated revenues to exceed more than $250 million in 2024 to 2025.
And according to Rajgarhia, these figures don't actually take into account POET's activities outside of the joint venture. The company also hopes to expand into other markets including artificial intelligence and 5G telecommunications. Indeed, Sanan Optoelectronics currently has a huge presence in 5G, so this market could be a natural extension for POET and the joint venture.
“In five years' time we'd like to have seen the optical interposer transform the optical industry in the same way that transistors transformed the electronics industry,” says Rajgarhia. “This may be a big goal, but that's the impact that we want.”
https://compoundsemiconductor.net/article/112112/POET_Technologies_Delivering_scale_to_datacoms
I always think that the Christmas period is a good time to buy stocks.
Unfortunately I never seem to have any money left to buy any.
THEMDM PERMIAN, INC. BUSINESS MODEL The MDM Permian, Inc. business model is not a new concept. This business plan has been highly successful for numerous companies engaged in the Permian Basin.1.Initiate a geological workup and collection of existing data available within a promising area of the Permian Basin.2.Conduct a mineralexamination of the public record and determine the mineral owners.3.Obtain favorable oil and gas leases in the area of concern.4.Conduct new scientific surveysto help ascertain strategic locations for drilling and proving of reservoirs.5.Strategically drillnew wells.6.Re-enter select plugged historic wells for scientific data collection.7.Sell the prospect to a production company.8.Replicate procedure.Companies that are heavily involved in the drilling and production of unconventional reservoirs are constantly in need of new acreage to add to the drilling inventory. Unconventional reservoirs decline rather quickly in comparison to traditional reservoirs, thus the need to replenish drilling location inventory whenever possible.It is much easier to make the acquisition of assembled and proven acreage than attempt to conduct that effort inhouse while developing and managing current acreage and production.A large block of contiguous acreage that has demonstrated the existence and productivity of these reservoirsbecomes a very valuable asset. That asset can be monetized through the strategic drilling and marketing of the acreage by a team of seasoned professionals.The most successful company in this arena is Three Rivers Operating, LLC. Three Rivers has created and sold Three Rivers I, Three Rivers II, and Three Rivers III collectively for over $3 billion. The company is now engaged in Three Rivers IV.Parsley Energy recently purchased the acreage assetsand productionof Double Eagle Energy for $2.8 billionspecifically for new drilling locations as well as the established production.Callon Petroleum Company acquired the oil and gas assets of American Resource Development Company for $633 millionto increase drilling location inventory.RK Petroleum, Inc. sold the assets of 9500 acres and 1900 BOPDE(all vertical)to QEP for $660 million.All the above acquisitions were focused to increase the inventory of unconventional reservoir locationsas well as increase daily oil and gas production.
Easy Double By Next Week.
Great timing....you will be well rewarded soon.
China is the country in which to build more Snakes & Lattes.
Permian Pure Play Merger And Takeover Targets
Interesting story from Seeking Alpha.
https://seekingalpha.com/article/4264120-permian-pure-play-merger-takeover-targets?ifp=0
NEWS
OTC Disclosure & News Service
Amfil Technologies Inc. Signs Lease for New Snakes & Lattes Venue in Tucson, AZ, Announces Shipping Date for Kill the Unicorns, and Provides Accounting and Audit UpdatePress Release | 05/13/2019
TORONTO, ON, May 13, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Amfil Technologies Inc. (OTC: AMFE), is pleased to provide the following announcements relating to the newest Snakes & Lattes retail location in Tucson, Arizona, the shipping date for the first print run of Kill the Unicorns, and provides updates relating to the 2018 audit process and enhancements to the Company’s accounting team.
Snakes & Lattes Tucson
The Snakes & Lattes retail division continues to thrive and expand its footprint across North America. Last week, the Company signed a lease with a landlord for the newest Snakes & Lattes café location in Tucson, Arizona. The venue selected is a two-story unit at 988 E. University Blvd, less than 100 yards from the main gate to the University of Arizona.
University Blvd is arguably the busiest street in the entire city which boasts a wide array of retail and thriving entertainment venues such as bars, restaurants, and nightclubs. This area is frequented by the local population of university students and young professionals.
The new Tucson location is expected to be up and running right around back-to-school season this fall and will be Snakes & Lattes’ fifth café location in total, and the second in the USA.
Snakes & Lattes Tempe
The first US based Snakes & Lattes location opened last September in Tempe, Arizona and has become a popular hangout for the local residents including students from the local universities. The management at the Tempe location, with support from head office, has continued expanding and improving their food menu and drink selections to suit the local market. Patronage has steadily risen since opening day. A key driver in drawing new patrons has been the creative drink specials, interactive games, and social media marketing which included an overhaul of the Snakes & Lattes ‘Tempe’ Instagram account (https://www.instagram.com/snakesandlattestempe/). Students from ASU were particularly drawn by the recently added “Snakes Shooters” game, where patrons roll a 20-sided die with shot names attached to the numbers and then have to do the corresponding shot. This has already been a big hit with the guests and often multiple rounds are ordered. When one group sees another group doing the Snakes Shooters, they often want to join in.
As the weather gets warmer, the patio at the Tempe location has become one of the most popular in the area. Tempe has also expanded its frozen drinks menu which have become a fan favorite to cool down from the heat. Additionally, the Tempe location received approval from the health department to allow dogs on the patio after some minor alterations are made, so guests can bring their four-legged friends to cool off from the Arizona sun with some cold drinks and fun games. There will even be a Dog’s menu which will include beef, chicken, or a “puppachino” which is made from whip-cream, ice, and a dog treat. The Snakes & Lattes patio is quickly becoming one of the best in the area.
Last weekend was the biggest sales weekend on record since Snakes & Lattes Tempe opened, and management is continuing the push to keep patronage and sales expanding. The management team is currently planning to rollout Special Events Packages in early June to capture more private events from local businesses as well as larger corporate events.
Kill the Unicorns
Through the acquisition of the French boardgame publisher, Morning, Snakes & Lattes officially entered into the board game publishing industry. Kill the Unicorns was one of the most highly anticipated titles to which Snakes & Lattes received the rights to through the acquisition. Originating from one of the more successful Kickstarter campaigns for a board game, nearly 8,000 backers pledged approximately $300,000 to ensure the concept became a reality. After some growing pains which created various delays and some production related hiccups, the Company is now pleased to announce that the first print run of Kill the Unicorns will begin shipping from the China-based manufacturer on May 23rd, 2019. This will mark the first game successfully published through the new Snakes and Lattes Publishing SAS division. The company will be looking into coordinating the second print run of KTU and to begin production of various other already developed and ready for market games.
https://www.kickstarter.com/projects/morningplayers/kill-the-unicorns
Updates regarding the other soon-to-be published and previously mentioned game titles from Snakes & Lattes Publishing SAS, such as Red Panda, will be provided as the titles continue to progress.
Audit and Accounting
Over the past few years the Company has grown significantly. After completing multiple acquisitions and a rapidly expanding scope of operations, significant pressure fell onto the shoulders of the accountant and bookkeeper to keep up with the Company’s rapidly expanding accounting needs. The accounts department needed to grow as the Company’s transactions were rapidly increasing. This became abundantly clear when the Company undertook the voluntary initiative to have a 3-year audit of its financial statements completed. Management determined it necessary to ensure the long-term growth of the business, a greater ability to expand operations, and deliver maximum value back to long-term shareholders. Immediate goals following the completion include the uplist to the OTCQB tier, the spinoff of the Interloc-Kings Inc. subsidiary, and the special dividend back to shareholders in the form of pro-rata shares in the new public entity.
The growth of the accounting team and its procedures is now catching up to compliment the rapid growth of the company’s operations. The Company began adding additional resources as the 2016 and 2017 year-end audits were being completed last year, in an attempt to ensure timely and cost-effective audits moving forward. The Company has continued improving procedures and adding resources during 2019 to ensure all future audits and reporting obligations are met moving forward. The benefits from these changes were not instantaneous but are being custom tailored to the Company’s needs with the intention of creating a seamless reporting procedure to streamline the tasks. The Company hired CFO Squad last year as the pre-audit team. The Company is now pleased to advise shareholders that it has added two additional accountants and two additional bookkeepers through a large bookkeeping and accounting firm, and they have already commenced the prep work for the 2019 year-end audit.
“This audit process has felt never ending but just like we got through and completed the 2016 and 2017 audits, we will complete 2018 and move forward with plans for more senior exchanges and spinoff plans,” stated Roger Mortimer, CEO. “Throughout the audit process, the Company continues to thrive and execute plans to grow the business. We are confident that the additional accounting team members and the implementation of streamlined accounting procedures, will allow us to stay ahead of the game moving forward with auditing and reporting obligations. We are hesitant to provide an exact completion date, however, CFO Squad and RBSM have been meeting frequently to finalize everything so that we can submit everything to OTC Markets. We expect this to be completed very soon and given the bolstering of the accounting team and procedures, we do not foresee delays with any future audits including Fiscal Year End 2019. In the meantime, the Company continues to execute on its short-term and long-term business objectives to ensure the continuous growth and deliver maximum value back to its shareholders.”
As we move closer to submitting the 2018 audit and subsequent quarters, shareholders can expect more frequent updates from the Company and its subsidiaries.
For further updates from the company please follow us on Twitter @AmfilTech
We last had a Tweet from Roger on the 27 March when he said.....
"Updates can be expected to begin on a number of fronts starting the beginning of next week"
We have had one update so far.....the GRO3 order on the 1st April.
Something Big is holding back more news and I think it is much bigger than the audit.
"December 27: if you have a self-directed account and you’re planning to do tax-loss selling for any of your Canadian or U.S. listed securities, December 27 is the last day you can sell investments to have them qualify for the 2018 tax year"
According to Questrade in Canada
Amfil should become an online retailer of board games.
https://www.cnbc.com/2018/06/15/an-online-retailer-has-surged-over-200-percent-in-one-year-and-its-not-amazon.html
Playing a board game in good company is one way to ween yourself off your mobile phone.
Simon Cowell is much happier since he ditched his phone.
http://www.bbc.com/news/uk-44346270
Could the demise of Carillion create some opportunities for Interlock-Kings?
Six Crops a year.
This could be good news not just for growing cannabis but all indoor crops. By using special LED lights for 22 hours a day they are able to get six crops a year and very healthy plants.
https://www.zmescience.com/science/news-science/speed-breeding-led-crops-04352/
How much did OMVS pay for Robotic Assistance Devices
Angels and Demons playing The Game of Life.
https://www.facebook.com/Lokistreetartist
They will need Gro3 on their Moon bases.
A good video by Rick Rule.
Not just about mining but I think applies to all investing.
Is Roger a 7 footer?
Given a choice between opioids and medical marijuana to keep pain under control, an overwhelming majority of patients who have used both would pick the latter, saying it works just as well and with fewer side effects, a new survey shows.
http://www.zmescience.com/medicine/pain-medication-opioid-cannabis/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+zmescience+%28ZME+Science%29
I would sell Interloc and put the money into developing Snakes & Lattes and Grozone
Scientists gave children with a severe form of epilepsy a non-psychoactive form of medical cannabis and found the number of seizures dropped. What’s more, some of the children don’t have any seizures at all now. This is the first time scientists document a form of medical cannabis treating severe epilepsy despite the numerous anecdotal evidence presented on the TV or the internet.
http://www.zmescience.com/science/news-science/cbd-oil-epilepsy-043242/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+zmescience+%28ZME+Science%29
Also had a busy winter clearing snow in Toronto
I own a lot of shares in Poet Technologies. POETF PTK.V in Canada
Top management came from Globalfoundries and Applied Materials.
First prototypes could be any day now
Share price near the low for the year.
Best bulletin board for info.... http://agoracom.com/ir/POETTechnologies/forums/discussion
I see no mention of the $58mln cash holdings
Seekingalpha..comment by Bret Kenwell..10 Dec
Have you ever heard of Network-1 Technologies (NYSEMKT:NTIP)? Many are not likely familiar with the $77 million market cap company.
It should be known that investing in or trading sub-$100 million market cap companies is generally a risky proposition. But should investors be looking at Network-1 as a possible longer term investment opportunity?
The stock has actually been on quite the little tear this year, up over 100%. Still, the stock price is just a few bucks, currently trading around $3.20 per share, down about 3% on the day. But given its ~25% rally since mid-November, perhaps the pullback is justified.
In any regard, the company just gave investors one more reason to buy into its story: management is instituting a semiannual 5-cent-per-share dividend. The annual yield works out to a little over 3% and the company expects that dividend to be paid out "through March 2020."
A closer look at the company's financials shows other positives, like positive net income for at least four straight years, fiscal 2015 revenue that doubled its 2013 results and EPS growth of 85% and 30% in 2014 and 2015, respectively.
The stock trades at just 3 times its trailing twelve months of earnings and 2016 is setting up to be a big year, largely thanks to licensing revenue from companies like Apple (NASDAQ:AAPL) and Dell.
Through three quarters, the company has earned about $60 million in revenues, compared to just $10.4 million in the same period last year. For the first nine months of the year, the company has earned 98 cents per share.
However, without any analyst estimates, conference call transcripts or Seeking Alpha analysis in quite some time, it's hard to pin down where exactly Network-1 is headed over the next 12 months and beyond. With that said, a 3% yielder with growing earnings, seemingly dependable revenue and zero debt, is worth mentioning as a speculative stock to research.
Going to be massive dilution if they have to raise money at this price.
They are going to need a lot of money to run this company.
Profits could be a long time coming.
It looks like Flitways will have to raise more money soon.
In the small print at the bottom of the report be Equity Research Daily.
ERD has been compensated $5,000 by a third-party for this Profile Report.
Why are the two web sites recommending this stock based overseas.
Stock Callers are in Glasgow, Scotland.
Equity Research Daily in Pune, India.
Their address is.... Flat No 3, 682 / B,
B- Building,Shivratna C. H. S. ,
Opp Ramyanagari,Bibwewadi,
Pune - 411037, India
From the Neah Power Systems Letter to Shareholders
August 12, 2009
What is the status of the second contract with ONR?
This contract requires completion of a demonstrator system by mid September 2009. We had initially renegotiated this contract to give the ONR significantly more than what was requested. Even with this increased charter of deliverables, we believe we will meet and exceed all the deliverables on time and within budget. We believe we can meet the mid-September date for completion of this contract and will continue to have dialogue with the ONR and other branches of the military.
The total value of a shareholding will be the same before and after the share consolidation.