POET Technologies announces second customer agreement

POET Technologies Inc. (TSX Venture: PTK; OTCQX: POETF) says it has inked a deal with a customer it identified as “a leading network systems company” to create and implement a multi-engine design for 100G CWDM4 and 100G LR4 optical engines based on the POET Optical Interposer. The agreement, which comprises NRE and a purchase order for initial units, is worth more than $1.2 million, the company asserts.

The news follows the announcement last week of POET’s first publicly acknowledged customer, Shenzhen Fibertop Technology Co., Ltd. (see "POET Technologies lands customer for Optical Engines").

“We have been engaged with this customer for several months on a breakthrough design to incorporate multiple optical engines in a single industry-standard transceiver module, something that only a POET Optical Interposer-based engine can enable,” noted Vivek Rajgarhia, president and general manager of POET Technologies Inc. “The LR4 product is directed at the client side of major telecom networks, using rigorous standards for data communication between a transport network backbone to data centers and customer locations globally. Our customer is already selling into the well-established telecom equipment market, and with the POET Optical Engines, will be able to offer a solution to its customers that delivers superior performance at a price that cannot be matched today by competing solutions.”

POET Technologies’ Optical Interposer enables the packaging of multiple functions on a single platform (see “”). In addition to custom Optical Engine products, the company also is developing other interposer-based offerings for application such as co-packaged optics (see “POET Technologies optical interposer platform for electronic and optical component co-packaging in single MCM unveiled”).

“Modules based on the POET Optical Engine can deliver the equivalent of 200G to 400G speeds using the established 100G technology that has met standards preferred by major telcos,” stated Rajgarhia. “Our small form factor, including monolithically integrated mux and demux, are unique to POET. In CWDM4, and especially in a LR4 optical engine, our full integration and small form factor yield strong performance and cost advantages. We believe that this customer engagement represents a major market opportunity and demonstrates all of the key benefits of the POET Optical Interposer platform.”

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