POET Technologies Recaps Highlights of CEO’s Update on Commercial Activities and Provides Results of 2026 AGM
TORONTO, June 30, 2026 (GLOBE NEWSWIRE) -- POET Technologies Inc. (“POET” or the “Company”) (NASDAQ: POET), the designer and developer of Photonic Integrated Circuits (PICs), light sources and optical modules for the AI and data center markets, today reported the voting results of its Annual General Meeting (the “AGM”), which was held virtually on Friday, June 26, 2026, and recapped highlights from the presentation given by Chairman & CEO Dr. Suresh Venkatesan.
In his annual update to shareholders and analysts, Dr. Venkatesan delivered a robust report that punctuated the Company’s recent advancements in commercial activities and manufacturing deliverables.
Key highlights of the presentation included:
A reiteration that the Company’s production ramp is currently on schedule and expected to begin in the second half of 2026 with volume shipments of optical engines to customers.
POET anticipates expanding capacity to meet demand of up to 1 million units per month by the end of 2027. This represents a more than 10x increase from current production capacity.
After raising $830 million in equity capital in the past 12 months — with the potential to raise, if exercised, up to an additional $661 million through warrants — the Company plans an initial deployment of approximately $50 million for the purchase of capital equipment in the second half of 2026.
The strength of the balance sheet facilitates POET’s efforts to secure supplies of critical components through long-term strategic partnerships with key suppliers, potentially increasing its ability to fulfill orders and neutralizing the threat posed by critical shortages of some materials.
POET Blazar™, the Company’s cutting-edge hybrid laser for its external light source product designed to power high-bandwidth data communications in artificial intelligence (AI) networks and hyperscale data centers, is currently on schedule for expected deployment at scale in 2028.
The Company has more than 10 active customer engagements that combined are expected to exceed $100 million in future annual revenue. These engagements include the recently announced agreement with Lumilens, a previously-announced production order for 800G optical engines and a significant NRE agreement for External Light Source (ELS) applications from a new customer.
The Company intends to add approximately 50 more staff to its global workforce of 115 within the next few months.
Dr. Venkatesan’s full video presentation, including the Q&A segment that followed his remarks, can be accessed through the Company’s website at: https://poet-technologies.com/videos. The presentation slides alone can be found on the “Shareholders Meeting (AGM)” page of the Investors section of the website: https://www.poet-technologies.com/investors.