POET Technologies Inc (PTK)

[sevenOdouble]

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From MD&A for year ending Dec 31, 2010 (issued April 18, 2011)

In January, ODIS was awarded a $750,000 SBIR contract to continue the development of infrared sensor technologies for use by the United States Air Force and the Space Missile Command.

In March, ODIS was awarded a $100,000 SBIR contract to perform research into an optoelectronic ultra low power random access memory (“RAM”) for use by the United States Air Force.

In April, ODIS was awarded an additional $750,000 SBIR contract to perform research into the development of optoelectronic directional couplers for optical switching fabrics for use by the United States Air Force and the Space Missile Command.

In August, ODIS was awarded a $150,000 SBIR contract to perform research into optical code technology for the United States Navy, based on its POET technology

ODIS’ chip design technology (“POET”) is being proven by its early adoptors and should result in increased value to its shareholders as they deploy new products based on this technology.