Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Nauman Khan on Barchart likes Poet.
https://www.barchart.com/story/news/28081076/1-semiconductor-stock-under-5-thats-outperforming-nvidia
Zacks Small Cap Research - POET Emerges as a Pure Play in AI Hardware as Its Customers All Serve That Market
POET Emerges As A Pure Play In AI Hardware As Its Customers All Serve That Market
06/10/2024
By Lisa Thompson
NASDAQ:POET
READ THE FULL POET RESEARCH REPORT
Despite not starting that way, POET (NASDAQ:POET) has become a pure play in AI hardware as almost every single one of its customers is selling to data centers for AI or is manufacturing AI chips and hardware. Based on current customers we expect the majority of its revenues in 2025 to come from three customers: Foxconn, Luxshare, and Celestial AI, and all three of them are chasing the AI market. While the company may not announce contracts or purchase orders due to customers requesting secrecy, they all may contribute more than 10% of reported revenues forcing the company to reveal their names in filings. Luxshare is furthest ahead with one 800G product already designed and five more products in the works. Foxconn started on a design recently and should receive final samples six months from now, making it late 2024 or early 2025 with product shipments in the second half of 2025. POET has completed its design for Celestial AI. We expect POET to ship a few thousand of its light source devices for field testing in 2025. A fourth customer, Adtran has already announced its pluggable products and should start buying from POET in volume in 2025. While not directed at AI per se, Adtran’s optical modules are unique and could only have been developed and produced using POET’s small optical engines. This presages POET’s likely optical module strategy, which would be to produce unique modules for niche markets avoiding direct competition with its optical engine customers.
Looking at these four customers and taking into account lead times for sampling and qualification, POET expects production revenue to begin in Q2 2025, most should be at the end of 2025 and the ramp should be steep. According to LightCounting, the optical transceiver market for 800G and 1.6T is growing 33% a year from $2.5 billion this year to $10.5 billion by 2029. Due to its advanced technology and limited competition in the integrated device space, POET hopes to capture a significant share of those transceivers. For example, POET believes that the current suppliers to Nvidia for 800G include only InnoLight, E-OptoLink, and possibly Coherent. They use conventional, less fully integrated technology platforms that require active alignments, use more power, and are less efficient. POET expects that its customers will be able to take market share from those three suppliers over time.
The Market is Not Recognizing The Importance of the Foxconn Deal
POET’s biggest and most recent news is its deal with Foxconn Interconnect Technology (FIT), a subsidiary of Foxconn. FIT plans to be a big player in data center AI and announced a collaboration with MediaTek on system integration for AI networks. The Taiwanese company is designing products with components sourced completely outside China and POET fits that need. The market for 800G single-mode transceivers is over 10 million units a year, and Foxconn hopes to take meaningful market share. POET has been talking to FIT for the past six months and those talks finally resulted in a deal after OFC. FIT has agreed to use POET’s optical engines for its own 800G and 1.6T pluggable optical transceiver modules as it has an opportunity to sell them to a large buyer who is a current customer. As a result of this opportunity, it has accelerated plans to bring products to market. FIT wants engines as soon as possible, and POET intends to deliver samples for testing in the next few months for both transmit and receive engines. 800G is rapidly taking off and POET’s competitors are few and some have not even demonstrated a path to 1.6T speeds, with POET being ahead of the major transceiver suppliers with its 200G per lane transmit chips. POET’s design makes it easy and quick to move seamlessly to 1.6T and allows customers to design their transceivers with best-of-breed components to maximize speeds and low power consumption.
Work on AI-Targeted Products Accelerates as the Market Suddenly Wants Solutions Yesterday
An impetus for the adoption of POET’s technology has been the unexpectedly rapid uptake of AI. While many companies are pursuing AI activities, they will find out that data centers will struggle to keep up with the speeds needed for AI. POET’s elegant and disruptive solution will allow data centers to move easily to 800G and 1.6T speeds. Legacy technology struggles at those speeds and will cost more and consume much more power. Power consumption will be a huge problem for AI as there is already a shortage of base load energy to fuel current usage, let alone the huge amounts of power needed in the near future.
It has taken POET some extra effort to disrupt an industry and introduce a novel technology. It also took longer than expected. POET has had to go to extremes to get customers to buy in and its strategy is finally bearing fruit. After inventing a unique optical interposer, it also needed to develop an optical engine-- but that wasn’t enough. It was too hard for customers to see how it would work in a transceiver and how much effort it would take to produce one, so POET’s idea was to make one, and even try to sell it. This strategy has paid off. In March at the Optical Fiber Conference (OFC) POET indeed did introduce and demonstrate an optical transceiver. There it introduced “Wavelight” its own 800G and 1.6T pluggable optical transceiver modules. Customers could finally see a transceiver designed and operational and see its capabilities and as a result, customers are starting to sign up.
At OFC, POET announced four new products:
1. An 800G transmit optical engine chiplet (200G/lane) that is a fundamental building block for 1.6T and 3.2T pluggable transceivers
2. 8-channel packaged light sources for C-Band and O-Band wavelengths for chip-to-chip data communications for AI systems and co-packaged optics for the data center market.
Other News During the Quarter
On January 3, 2024, POET announced a design win with Shaoxing ZKTel Equipment Co., a supplier to Tier 1 companies in China’s datacom and mobile networking industries. POET and ZKTel have been collaborating to develop a 100G CWDM4 optical transceiver that will go into production in 2024. POET and SPX also have a roadmap with ZKTel beyond the initial 100G CWDM optical engine sales.
During the March quarter, POET also announced it is currently working with MultiLane on POET-branded high-speed pluggable optical transceivers. These new second-generation products will be designed from scratch and incorporate best-of-breed components to achieve the best possible functionality with the lowest possible power consumption. The collaboration with MultiLane will significantly shorten the design cycle time to bring POET’s technology to customers. Power is a huge concern for data centers and baseload power is already inadequate even without the 80% increase projected to be needed to support the plans for AI and EV usage in the next five years. Utilities’ current plans are for a 5% increase over that period.
The stock currently trades at a fully diluted enterprise value of approximately $115 million. According to Yole Group, the optical transceiver market is rising at a CAGR of 15% from $10.4 billion in 2021 to about $24.7 billion in 2027. POET’s product is a component of an optical transceiver and the market is about a third of the transceiver market. If POET can secure even a small portion of that market with its unique offering, its valuation should far exceed its current price. We believe the stock could be worth $7.60 per share based on 2026 revenues at 10.3xs EV to Sales, discounted at 30% back to present value.
No.............
"The growth in demand from emerging applications such as artificial intelligence and machine learning requires continuous innovation to keep pace with power and cost requirements,” said Joseph Wang, CTO at FIT. “We are excited to partner with POET on this development. POET’s hybrid-integration platform technology will enable us to use best-of-breed components and ramp to high volume at a much faster pace and in a cost-efficient manner.”
Another Blog Post from Poet
https://poet-technologies.com/blog/2024-apr-24.html
I think some pleasant surprises are coming from Poet at the OFC.
Dare I say I am bullish about Poet on this forum?
Agoracom tried to redo their whole website......they failed..... too many complaints .......so back now to the old website
Looking for Agoracom?
https://www.agoracom.com/company/564371?tab=2
SeaStar will bob back up again after being raided by Pirates.
Big investors ie. institutions set off a selling panic among short-term investors by selling short and were able to buy back in bulk yesterday at much-reduced prices. They see the great future of this company and want to be in with decent size stakes.
My view ......take it or leave it.
Sellers pre-market will be weeping later today.
Hold and buy more if you can.
Now is the TIME TO BUY
Today or tomorrow.
I would expect management to tell us how they will develop the business.
Expect a relentless rise in the stock price starting today.
FDA Grants Humanitarian Device Exemption Approval to SeaStar Medical’s Selective Cytopheretic Device for Pediatric Acute Kidney Injury
February 22, 2024
SCD-PED (Pediatric) is the first FDA-approved product in the Company’s Quelimmune™ product family
DENVER, Feb. 22, 2024 (GLOBE NEWSWIRE) -- SeaStar Medical Holding Corporation (Nasdaq: ICU), a medical device company developing proprietary solutions to reduce the consequences of hyperinflammation on vital organs, announces that the U.S. Food and Drug Administration (FDA) has granted a Humanitarian Device Exemption (HDE) Approval Order to the Selective Cytopheretic Device (SCD) Pediatric (SCD-PED) for use in children weighing 10 kilograms or more with acute kidney injury (AKI) due to sepsis or a septic condition requiring kidney replacement therapy (KRT). This is the first product in the Company’s newly branded Quelimmune product family, and the Quelimmune pediatric device can now be commercially marketed as a Humanitarian Use Device (HUD).
“This first regulatory approval is a major accomplishment for our company and, most importantly, it provides critically ill children with AKI access to a much-needed new therapy,” said Eric Schlorff, SeaStar Medical CEO. “Only about one-half of the children in the ICU with AKI requiring CKRT survive, and those who do are at increased risk of long-term conditions such as chronic kidney disease. In clinical studies, Quelimmune for pediatric AKI has been shown to reduce mortality rates and dialysis dependency in clinical studies.
“We appreciate the FDA’s willingness to work collaboratively with SeaStar Medical and our advisors to grant HDE approval to Quelimmune for pediatric use,” Mr. Schlorff added. “We believe the HDE for children weighing as little as 10 kilograms – or roughly 22 pounds – acknowledges the proven life-saving capabilities of our device and addresses a critical unmet need for patients. We are working to make Quelimmune therapy the new standard of care for AKI requiring CKRT in the ICU and to demonstrate its benefit in the many indications where hyperinflammation and dysregulated inflammatory processes are involved.”
The initial commercial launch of Quelimmune for pediatric AKI is expected in the coming weeks by SeaStar Medical’s U.S. license and distribution partner Nuwellis, with a full commercial program to follow. Nuwellis has established strong relationships with pediatric nephrology and intensive care key opinion leaders across the U.S.
“The unique technology behind Quelimmune has demonstrated great promise in making a positive impact on children with potentially deadly hyperinflammation,” said Nestor Jaramillo, Jr., Nuwellis President and CEO. “The pediatric segment of our business has gained significant traction over the past several years, and we are excited to add the Quelimmune pediatric device to our product offering.”
The FDA granted HDE approval to the Quelimmune pediatric device for AKI based upon clinical results showing safety and probable clinical benefit to critically ill children with AKI who have few treatment options. Pooled analysis from two non-controlled studies, SCD-PED-01 (funded by the FDA Office of Orphan Products Development) and SCD-PED-02 showed that pediatric patients ≥10kg with AKI requiring CKRT treated with the Quelimmune pediatric device had no device-related serious adverse events or device-related infections, a 77% reduction in mortality rate, and no dialysis dependency at Day 60. The SCD-PED-01 (weight range ≥15 kg) and PED-02 (weight range ≥10 kg) studies demonstrated 75% and 83% reductions in mortality, respectively. These data were recently published in the journal Kidney Medicine. SeaStar Medical is currently focused on its NEUTRALIZE-AKI pivotal clinical trial to evaluate Quelimmune therapy in the larger adult AKI population, while exploring other applications for this device.
BIG NEWS TODAY
Forget the Moon....this is going Interstellar.
See also this recent report
kidneymedicinejournal.org/a...
"As with recent advances in neonatal CRRT technology, work is underway to develop a miniaturized version of the SCD to address the needs of the population less than 10 kg in size."
Poet Technologies Inc: Company Profiles Report: The Dawn of the Nanophotonics Age (The Semiconductor & IP Core Subject Matter Expert Database) Kindle Edition
https://www.amazon.com/dp/B0CP7GRPB5
Very Interesting.....
https://www.linkedin.com/posts/aaron-voon-yew-thean-41256519_photonic-memory-yes-i-was-proven-wrong-activity-7128237425578950656-ghTD/
Photonic Memory? Yes, I was proven wrong. When my PhD students, Zefeng Xu and Chun-Kuei Chen came to me a year ago about an idea to integrate Ferroelectrics and Lithium Niobate for electro-optic modulation, I was quite skeptical. I questioned whether the poor dielectric constant matching between Hafium Zirconate (HZO) and Lithium Niobate would ever lead to any interesting ferroelectric-optic field effect. Moreover, processing Lithium Niobate was no cake walk, and adding HZO would be adding a taller order for the two students looking to graduate soon. Well, what do I know…They did it! Working with my expert photonics colleague Aaron Danner and the Canadian-based Photonic chip company POET Technologies through the SHINE@NUS Center, they made the the first HZO-Lithium Niobate hybrid Photonic Memory device that allows the modulation of optical resonances by a non-volatile ferroelectric analog memory. Their paper, “First Demonstration of HZO-LNOI Integrated Ferroelectric Electro-Optic Modulator and Memory to Enable Reconfigurable Photonic Systems,” has been selected for this year’s prestigious IEEE International electron device meeting (IEDM) next month in San Francisco (https://www.ieee-iedm.org) (Dec 11, 1:30pm - 4:30pm Monday PST, Continental 7-9). I welcome folks attending the conference to drop in for a listen. The technology can potentially enable Non-volatile Analog Compute-In-Memory for Photonics as well as Reconfigurable photonic circuits and interposers. Well, I had never felt so excited about being proven wrong. Cheers to Zefeng and Hank!
https://www.globenewswire.com/news-release/2023/10/14/2760201/0/en/POET-Reports-on-Share-Sales-under-ATM-Program-for-the-Quarter-Ending-September-30-2023.html
Maybe they will not need to raise more funds. Forthcoming deals will soon show.
Current module customers for these products include ADVA, Beijing FeiYunYi (BFYY) and Fibertop, along with others whose names have not yet been disclosed.
Data Centers and Telecommunications Fuel Photonic (globenewswire.com)
"Amid the highly integrated photonics technology landscape, numerous market players are actively engaged in PIC-led developments to meet the escalating data and network traffic demands, especially within data centers, which have experienced growth exacerbated by the COVID-19 pandemic."
The global PIC market is moderately competitive and features several key players such as Neophotonics Corporation, Poet Technologies, Cisco Systems Inc., and Infinera Corporation. Currently, a handful of major players dominate the market share. However, continuous innovations and technological advancements are enabling companies to expand their market presence by securing new contracts and exploring new markets.
Conclusion
"The global Photonic Integrated Circuit (PIC) Market is on the brink of substantial growth, driven by the superior capabilities of PICs, their energy efficiency, and their applicability across diverse industries. With telecommunications and data centers spearheading this growth, North America is set to lead the way in PIC adoption, with the market poised for significant expansion in the coming years."
Having the ex-boss of Barclays Bank as Chairman of AGBA is a big vote of confidence in the company
Many more people will be taking notice of our little AGBA.
https://www.globenewswire.com/news-release/2023/09/19/2745740/0/en/AGBA-Group-Appoints-Bob-Diamond-as-Chairman-and-Announces-Atlas-Merchant-Capital-as-Strategic-Advisor.html
Looks like very good news..................my opinion
Another Partner........Raeon International Ltd
https://www.rae-on.com/en/
AGBA Group Announces $50 Million Equity Purchase Agreement
https://finance.yahoo.com/news/agba-group-announces-50-million-210000839.html
"Hong Kong’s life insurance sales to mainland Chinese visitors return to pre-Covid levels as weaker yuan, rate gap drive the search for yield"
https://www.scmp.com/business/article/3232943/life-insurance-sales-chinese-visitors-exceed-pre-covid-level-hong-kong-they-opt-higher-yielding?module=service_journalism_int&pgtype=homepage
"The strategic initiatives undertaken by the management team are anticipated to yield favorable results, enabling the group to achieve profitability sooner than previously anticipated."
AGBA today released an update to its financial projections.
https://www.agba.com/company/newsroom/media-release/agba-group-updates-on-financial-projections-showing-acceleration-to-profitability-within-months/
"As a result of the current economic slowdown in the region, we have revised our financial projections but now expect we will deliver a lower loss for the fiscal year 2023 compared to previous forecasts. The strategic initiatives undertaken by the management team are anticipated to yield favorable results, enabling the group to achieve profitability sooner than previously anticipated."
This company is well on the road to recovery.
I like the new partnership with April International.
Stock will be up strongly on the next contract win.
Meanwhile, short-term speculators move on.
Looks like we will bob around here in the doldrums until we see the results next week and get a better picture of how this company is progressing.
I remain bullish as they are making the right moves to make this company a success.
I see that Makinezmoney has turned up.
I take it as a good sign that we are at the bottom.
He lost a shedload of money on his Tingo investment.
I presume that the half-year results are going to be released on Wednesday 16th of August.
The webinar is the next day at 8:30 am EST. To sign up follow the link.
https://sidoti.zoom.us/webinar/register/WN_juupqPMRT3qMgYHnvkN4pg#/registration
Hello, RepugNant...
"The container identification and container damage detection solution developed by Gorilla harnesses the power of Artificial Intelligence and machine learning algorithms to analyze video footage captured at various stages of the container management process. By leveraging BT’s robust network infrastructure and Gorilla’s state of the art video analytics platform, the solution can accurately and rapidly identify containers, track movements, and detect any signs of damage or tampering."
Gorilla will be the Go Too company used by many other Ports around the World.
I can think of many other uses for this technology.
https://ih.advfn.com/daily/ihubnews/11296/how-photonics-hardware-is-powering-chatgpt-and-the-ai-revolution
How Photonics Hardware Is Powering ChatGPT and the AI Revolution
By IHUB NEWS
PUBLISHED: Jul 19 2023 @ 07:11 | Comments (0) |
The AI market is red hot in 2023. For the technology to remain in high demand for the years ahead it will need to deliver more efficient and affordable solutions. Photonics-enabled hardware is essential for that progress.
©
It’s easy to argue that the reason why interest has exploded in AI this year is because of ChatGPT. The application is a “chatbot” that has deep learning abilities and can generate summaries for search queries that are presented in easy-to-read paragraph form, instead of returning pages of websites as a search engine would. It can also read spreadsheets and reply to questions related to those uploads, or analyze images, and much more. For many professions, its impact is already being felt.
Programs such as ChatGPT and Google’s Bard rely on fiber-optic communication. Fiber-optic cables deliver data between servers that are located far apart from each other. These cables transmit light signals in the form of photons. The light signals are then converted into electrical signals that can be processed by AI algorithms powering software applications. Fiber-optic communication offers several advantages over traditional copper wire connections, including faster data transmission speeds and better resistance to interference from electromagnetic radiation. This feature is particularly important for AI programs, which require massive amounts of data to be transmitted and processed quickly. Using light for data transmission through the cables is faster and consumes less power than other materials and, importantly, light generates less heat — by a factor of 10 times — than electrons that go through copper.
“It has been estimated that more than 50% of the power of modern computing systems is wasted simply in this moving around of data,” Science Daily notes.
Innovative hardware can solve this problem. Photonics lasers support the growth of AI applications because the light pulses that transmit data are encoded with information, which is then decoded at the receiving end using photo detectors. This feature allows for high-speed transmission over long distances, making it ideal for applications like AI and large-scale data center architecture. In addition to fiber-optic communication and lasers, photonics is also used in the development of specialized chips — including accelerator chips — and sensors that power AI programs. These components process and analyze data from various sources, including images, videos, and speech, which then helps the AI applications become smarter and more predictive.
The global photonics market is expected to rise from $722 billion to $1.2 trillion by 2028. The chip market alone is projected by Allied Market research to surpass $263 billion by 2031.
Among the companies poised to be a significant player in that growth is POET Technologies. Our company has architected light source and light engine solutions that dramatically lower the cost for AI developers and is currently supplying the market with our initial products in this sector. The POET LightBar™ received praise when it was demonstrated at the OFC Conference in March. It is an optical engine with high-power CW lasers passively attached to the POET Optical Interposer™. The LightBar can be integrated on a host board and connected to chips and ASICs with built-in silicon photonics. On April 25, POET Starlight™, a complete packaged light source, was announced. It incorporates passive optical components and is connectorized on the electrical and optical ends. AI developers can use POET Starlight directly on their boards without requiring any additional optical alignments.
By using best-of-breed or known-good components, including directly modulated lasers (DMLs) from suppliers like Lumentum, POET has shown results that demonstrate excellent SMSR and power uniformity, which are essential to creating efficiency. Notably, our company’s technology supports the standards recently adopted by the industry in the Continuous-Wave Wavelength Division Multiplexing Multi-Source Agreement (CW-WDM MSA).
In a recent research report, an analyst singled out the value of POET’s relationship with its lead AI customer, Celestial AI. “Each accelerator Celestial AI sells has four POET chips. At $200 per chip, Celestial could represent $800 million in potential revenues by itself. We believe most if not everything Celestial is planning to sell contains POET,” the report states.
Overall, photonics’ ability to transmit data quickly and accurately over long distances, as well as process and analyze data from various sources, makes it indispensable for the development of advanced AI systems. Being at the leading edge of this rapidly evolving industry is tremendously exciting for our team and our customers. As one of the few AI hardware companies in the world, we believe we are in the right place at the right time with the right solution for this sector.
The warrants are cheaper than similar companies that have come to the market via Spacs recently.
They entitle you to buy one share at $11.50 and expire July 2027