Poet Technologies Inc (POET)

[buccaneer1961]

Two of the three critical individual pieces of an integrated opto-electronic product are now in place and undergoing their respective optimization cycles,” said Dr. Subhash Deshmukh, POET’s Chief Operating Officer. “As reported earlier, we have encountered delays in completing the VCSEL milestone. The VCSEL continues to be our focus, even while we simultaneously make progress on other aspects of the technology. The characterization that has been done to date on the VCSEL points to required optimization of a few layers in a very complex and unique epitaxial stack and fine tuning of the resonant cavity mode. The new and optimized epitaxial structure is expected to be delivered to the foundry for processing over the next couple of months,” said Dr. Deshmukh. “We have not uncovered any fundamental show-stoppers. We are charting new territory here and as pointed out at the recent town hall meeting and at the annual meeting of shareholders, technical issues are commonly encountered throughout the R&D process and we are systematically understanding and addressing these issues