POET Technologies Inc
POET · XNAS · USD · photonics
Price, relative performance, and volume
Market, fundamentals, and source material
Realized volatility trend
- Latest
- 125.2%
- Range change
- +104.0 pp
- Low
- 17.8%
- High
- 333.6%
Historical valuation
- Latest
- $1.36B
- Range change
- +$1.21B
- Low
- $32.8M
- High
- $3.15B
Market trend
| 5D return | +27.5% |
|---|---|
| 20D return | +7.2% |
| 60D relative strength | -37.5% |
| Trend acceleration | +25.7% |
| Distance from 50DMA | -9.6% |
| 252D drawdown | -56.7% |
| 20D median dollar volume | $94.0M |
Fundamentals and valuation
| Price / sales | 1089.47x |
|---|---|
| EV / sales | 690.15x |
| Market cap | $1.54B |
| Enterprise value | $974.1M |
| Revenue TTM | $1.4M |
| Gross profit TTM | $1.4M |
| Profit margin | +0.0% |
| Revenue growth YoY | +201.9% |
| Cash | $16.5M |
| Total debt | $7.0M |
| Snapshot | Aug 8, 2026 |
Earnings dates
| Date | Fiscal period | Status |
|---|---|---|
| Aug 10, 2026 | 2026-08-10 | Tentative Date Only |
| May 20, 2026 | 2026-05-20 | Tentative Date Only |
| Mar 31, 2026 | 2026-03-31 | Tentative Date Only |
| Nov 13, 2025 | 2025-11-13 | Tentative Date Only |
| Aug 11, 2025 | 2025-08-11 | Tentative Date Only |
| May 14, 2025 | 2025-05-14 | Tentative Date Only |
| Mar 13, 2025 | 2025-03-13 | Tentative Date Only |
| Nov 14, 2024 | 2024-11-14 | Tentative Date Only |
| Aug 14, 2024 | 2024-08-14 | Tentative Date Only |
Recent ticker news
| Published | Headline | Sentiment |
|---|---|---|
| Aug 4, 2026, 1:13 PM EDT | Tuesday Sector Leaders: Semiconductors, Computer Peripherals | 0.88 |
Official transcript material
2026-05-20May 20, 2026, 12:00 PM EDTPrepared Remarks58 segments
paragraph:1: EX-99.1
paragraph:2: 2
paragraph:3: exh_991.htm
paragraph:4: PRESS RELEASE
paragraph:5: EdgarFiling EXHIBIT 99.1 POET Technologies Reports First Quarter 2026 Financial Results
paragraph:6: TORONTO, May 14, 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 its unaudited condensed consolidated financial results for the first quarter ended March 31, 2026. The Company’s financial results as well as the Management Discussion and Analysis have been filed on SEDAR+. All financial figures are in United States dollars (“USD”) unless otherwise indicated.
paragraph:7: Management Commentary:
paragraph:8: "During the first quarter of 2026, we made significant progress in expanding POET’s strategic position within the AI and hyperscale data center ecosystem,” said Dr. Suresh Venkatesan, Chairman & CEO of POET Technologies. “Our partnerships with industry leaders such as LITEON, Lessengers and Lumilens validate the growing demand for POET’s Optical Interposer platform and our ability to enable next-generation photonic integration solutions.
paragraph:9: The joint development agreement with Lumilens, including an initial $50 million purchase order for EOI-based optical engines, represents an important commercial milestone for the Company and establishes the framework for what we believe could become a substantial long-term supplier relationship supporting frontier AI infrastructure.”
paragraph:10: “We also continued to advance our product roadmap through the joint development of a 1.6T transceiver platform with Lessengers, while strengthening our global market position through our collaboration with LITEON. Combined with our plan to domicile our headquarters in the U.S., these initiatives further align POET with the evolving requirements of customers, partners and investors as demand for AI networking infrastructure accelerates.”
paragraph:11: Notable Business Highlights:
paragraph:12: Announced a strategic collaboration with LITEON Technology, one of the world’s leading providers of optoelectronic semiconductor components and high-power optical systems. The partnership aims to co-develop next-generation optical communication modules built on POET’s patented optical interposer technology and integration platform. Announced the joint development of a 1.6T 2×DR4 optical transceiver module designed for next-generation AI clusters and hyperscale data center networks with Lessengers. Announced its intention to move the Company’s headquarters to and domicile the Company in the U.S. so that it will no longer be a foreign corporation, which would eliminate the possibility of the Company being classified as a PFIC in future years. Entered into a supply agreement that establishes a strategic joint development and commercial technology partnership to advance a new class of wafer-level photonic integration for frontier AI infrastructure. The supply agreement between Lumilens and the Company establishes a commercial framework to support the joint development program, and, as part of that framework, Lumilens has placed an initial purchase order with the Company for the manufacturing of EOI-based engines valued at $50 million. This purchase order represents the first phase of a broader supplier relationship that could scale to $500+ million in cumulative purchases from the Company over five years.
paragraph:13: Non-IFRS Financial Summary The Company reported non-recurring engineering (“NRE”) and product revenue of $503,389 in the first quarter of 2026 compared to $166,760 for the same period in 2025 and $341,202 in the fourth quarter of 2025. Historically, the Company provided NRE services to multiple customers for unique projects that are being addressed utilizing the capabilities of the POET Optical Interposer.
paragraph:14: The Company reported a net loss of $12.3 million, or ($0.08) per share, in the first quarter of 2026 compared with a net income of $6.3 million, or 0.08 per share, for the same period in 2025 and a net loss of $42.7 million, or ($0.32) per share, in the fourth quarter of 2025. The net income in the first quarter of 2026 included research and development costs of $4.5 million compared to $4.3 million for the same period in 2025 and $4.6 million in the fourth quarter of 2025. Fluctuations in R&D for a Company of this size and this stage of growth is expected on a period-over-period basis as the Company transitions from technology development to product development.
paragraph:15: The largest component of the Company’s income in the first quarter of 2025 was from the non-cash gain in fair value adjustment to derivative warrant liability of $15.4 million. The derivative liability adjustment in the first quarter of 2026 was a gain of $1.6 million. The Company reported a loss of $30.7 million in the fourth quarter of 2025. This non-cash item relates to warrants issued in a foreign currency and is periodically remeasured.
paragraph:16: Other non-cash expenses in the first quarter of 2026 included stock-based compensation of $3.4 million and depreciation and amortization of $1.0 million. Non-cash stock-based compensation and depreciation and amortization in the same period of 2025 were $0.8 million and $0.7 million, respectively. Fourth quarter 2025 stock-based compensation and depreciation and amortization were $2.2 million and $0.9 million, respectively. The Company had non-cash finance costs of $47,000 in the first quarter of 2026 compared to non-cash finance costs of $33,000 in the first quarter of 2025 and non-cash costs of $49,000 in the fourth quarter of 2025.
paragraph:17: The Company recognized other income, including interest of $4.0 million in the first quarter of 2026, compared to $528,000 in the same period in 2025 and $2.5 million in the fourth quarter of 2025.
paragraph:18: Cash flow from operating activities in the first quarter of 2026 was ($8.8) million compared to ($8.9) million in the first quarter of 2025 and ($11.6) million in the fourth quarter of 2025.
paragraph:19: Summary of Financial Performance The following is a summary of the Company’s operations over the five quarters ending March 31, 2026. This information should be read in conjunction with the Company’s financial statements filed on Sedar+ on May 14, 2026.
paragraph:20: POET TECHNOLOGIES INC. PROFORMA – NON-IFRS AND IFRS PRESENTATION OF OPERATIONS (All figures are in U.S. Dollars) For the Quarter ended:
paragraph:21: 31-Mar-26 31-Dec-25 30-Sep-25 30-Jun-25 31-Mar-25 Revenue
paragraph:22: 503,389
paragraph:23: 341,202
paragraph:24: 298,434
paragraph:25: 268,469
paragraph:26: 166,760
paragraph:27: Research and development
paragraph:28: (4,499,556 ) (4,621,450 ) (3,735,703 ) (3,150,044 ) (4,360,192 ) Depreciation and amortization
paragraph:29: (957,700 ) (903,513 ) (892,704 ) (792,814 ) (726,868 ) Professional fees
paragraph:30: (320,430 ) (503,449 ) (371,413 ) (562,583 ) (276,184 ) Wages and benefits
paragraph:31: (4,046,941 ) (711,536 ) (675,306 ) (1,042,380 ) (2,123,274 ) Stock-based compensation
paragraph:32: (3,486,766 ) (2,235,188 ) (1,864,589 ) (1,165,482 ) (841,793 ) General expenses and rent
paragraph:33: (1,809,654 ) (747,852 ) (497,118 ) (1,009,778 ) (898,056 ) Finance advisory fees
paragraph:34: (3,252,500 ) (4,632,236 ) (1,816,272 ) (1,302,464 ) (476,802 ) Derivative liability adjustment
paragraph:35: 1,602,298
paragraph:36: (30,689,590 ) (2,414,223 ) (7,559,991 ) 15,382,971
paragraph:37: Interest expense
paragraph:38: (46,517 ) (48,906 ) (31,429 ) (30,925 ) (32,786 ) Other (income), including interest
paragraph:39: 3,970,291
paragraph:40: 2,502,964
paragraph:41: 989,007
paragraph:42: 533,308
paragraph:43: 527,782
paragraph:44: Unrealized foreign exchange loss
paragraph:45: -
paragraph:46: (422,128 ) 1,641,602
paragraph:47: (1,448,691 ) -
paragraph:48: Net loss
paragraph:49: (12,344,086 ) (42,671,682 ) (9,369,714 ) (17,263,375 ) 6,341,558
paragraph:50: Net income (loss) per share - Basic
paragraph:51: (0.08 ) (0.32 ) (0.11 ) (0.21 ) 0.08
paragraph:52: Net income (loss) per share - Diluted
paragraph:53: (0.08 ) (0.32 ) (0.11 ) (0.21 ) 0.08
paragraph:54: About POET Technologies Inc. POET is a design and development company offering high-speed optical modules, optical engines and light source products to the artificial intelligence systems market and to hyperscale data centers. POET’s photonic integration solutions are based on the POET Optical Interposer™, a novel, patented platform that allows the seamless integration of electronic and photonic devices into a single chip using advanced wafer-level semiconductor manufacturing techniques. POET's Optical Interposer-based products are lower cost, consume less power than comparable products, are smaller in size and are readily scalable to high production volumes. In addition to providing high-speed (800G, 1.6T and above) optical engines and optical modules for AI clusters and hyperscale data centers, POET has designed and produced novel light source products for chip-to-chip data communication within and between AI servers, the next frontier for solving bandwidth and latency problems in AI systems. POET’s Optical Interposer platform also solves device integration challenges in 5G networks, machine-to-machine communication, self-contained "Edge" computing applications and sensing applications, such as LIDAR systems for autonomous vehicles. POET is headquartered in Toronto, Canada, with operations in Allentown, PA, Shenzhen, China, and Singapore. More information about POET is available on our website at www.poet-technologies.com.
paragraph:55: Media Relations Contact: Adrian Brijbassi Adrian.brijbassi@poet.tech Company Contact: Thomas R. Mika, EVP & CFO tm@poet.tech
paragraph:56: Forward-Looking Statements This news release contains “forward-looking information” (within the meaning of applicable Canadian securities laws) and “forward-looking statements” (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “potential”, “estimate”, “propose”, “project”, “outlook”, “foresee” or similar words suggesting future outcomes or statements regarding any potential outcome. Such statements include the Company’s expectations with respect to its move of production capacity from China to Malaysia, the ability of its partners to install and operate production equipment, the reaction of customers and partners to the Company’s product offerings, the success of the Company’s product development efforts, the performance of its products, the expected results of its operations, meeting revenue targets, and the expectation of continued success in the financing efforts, the capability, functionality, performance and cost of the Company’s technology as well as the market acceptance, inclusion and timing of the Company’s technology in current and future products and expectations for approval of proposals at the Company’s annual meeting of shareholders.
paragraph:57: Such forward-looking information or statements are based on a number of risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Assumptions have been made regarding, among other things, management’s expectations regarding its move of production capacity from China to Malaysia, the ability of its partner to meet production expectations, the reaction of customers and partners to the Company’s product offerings, the success and timing for completion of its development efforts, the introduction of new products, financing activities, future growth, recruitment of personnel, opening of offices, the form and potential of its joint venture, plans for and completion of projects by the Company’s consultants, contractors and partners, availability of capital, and the necessity to incur capital and other expenditures. Actual results could differ materially due to a number of factors, including, without limitation, the failure to achieve high volume production in Malaysia on time, the failure of its products to meet performance requirements or to be produced in Malaysia on time and budget, the lack of sales in its products, once released, operational risks in the completion of the Company’s anticipated projects, risks affecting the Company’s ability to execute projects, the ability of the Company to generate sales for its products, the ability to attract key personnel, the ability to raise additional capital and the agreement by shareholders to approve proposals put forth by the Company at shareholders’ meetings. Although the Company believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in the Company’s securities should not place undue reliance on forward-looking statements because the Company can provide no assurance that such expectations will prove to be correct. Forward-looking information and statements contained in this news release are as of the date of this news release and the Company assumes no obligation to update or revise this forward-looking information and statements except as required by law.
paragraph:58: Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 120 Eglinton Avenue, East, Suite 1107, Toronto, ON, M4P 1E2- Tel: 416-368-9411 - Fax: 416-322-5075
2026-03-31Mar 31, 2026, 12:00 PM EDTPrepared Remarks58 segments
paragraph:1: EX-99.1
paragraph:2: 2
paragraph:3: exh_991.htm
paragraph:4: PRESS RELEASE
paragraph:5: EdgarFiling EXHIBIT 99.1 POET Technologies Reports First Quarter 2026 Financial Results
paragraph:6: TORONTO, May 14, 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 its unaudited condensed consolidated financial results for the first quarter ended March 31, 2026. The Company’s financial results as well as the Management Discussion and Analysis have been filed on SEDAR+. All financial figures are in United States dollars (“USD”) unless otherwise indicated.
paragraph:7: Management Commentary:
paragraph:8: "During the first quarter of 2026, we made significant progress in expanding POET’s strategic position within the AI and hyperscale data center ecosystem,” said Dr. Suresh Venkatesan, Chairman & CEO of POET Technologies. “Our partnerships with industry leaders such as LITEON, Lessengers and Lumilens validate the growing demand for POET’s Optical Interposer platform and our ability to enable next-generation photonic integration solutions.
paragraph:9: The joint development agreement with Lumilens, including an initial $50 million purchase order for EOI-based optical engines, represents an important commercial milestone for the Company and establishes the framework for what we believe could become a substantial long-term supplier relationship supporting frontier AI infrastructure.”
paragraph:10: “We also continued to advance our product roadmap through the joint development of a 1.6T transceiver platform with Lessengers, while strengthening our global market position through our collaboration with LITEON. Combined with our plan to domicile our headquarters in the U.S., these initiatives further align POET with the evolving requirements of customers, partners and investors as demand for AI networking infrastructure accelerates.”
paragraph:11: Notable Business Highlights:
paragraph:12: Announced a strategic collaboration with LITEON Technology, one of the world’s leading providers of optoelectronic semiconductor components and high-power optical systems. The partnership aims to co-develop next-generation optical communication modules built on POET’s patented optical interposer technology and integration platform. Announced the joint development of a 1.6T 2×DR4 optical transceiver module designed for next-generation AI clusters and hyperscale data center networks with Lessengers. Announced its intention to move the Company’s headquarters to and domicile the Company in the U.S. so that it will no longer be a foreign corporation, which would eliminate the possibility of the Company being classified as a PFIC in future years. Entered into a supply agreement that establishes a strategic joint development and commercial technology partnership to advance a new class of wafer-level photonic integration for frontier AI infrastructure. The supply agreement between Lumilens and the Company establishes a commercial framework to support the joint development program, and, as part of that framework, Lumilens has placed an initial purchase order with the Company for the manufacturing of EOI-based engines valued at $50 million. This purchase order represents the first phase of a broader supplier relationship that could scale to $500+ million in cumulative purchases from the Company over five years.
paragraph:13: Non-IFRS Financial Summary The Company reported non-recurring engineering (“NRE”) and product revenue of $503,389 in the first quarter of 2026 compared to $166,760 for the same period in 2025 and $341,202 in the fourth quarter of 2025. Historically, the Company provided NRE services to multiple customers for unique projects that are being addressed utilizing the capabilities of the POET Optical Interposer.
paragraph:14: The Company reported a net loss of $12.3 million, or ($0.08) per share, in the first quarter of 2026 compared with a net income of $6.3 million, or 0.08 per share, for the same period in 2025 and a net loss of $42.7 million, or ($0.32) per share, in the fourth quarter of 2025. The net income in the first quarter of 2026 included research and development costs of $4.5 million compared to $4.3 million for the same period in 2025 and $4.6 million in the fourth quarter of 2025. Fluctuations in R&D for a Company of this size and this stage of growth is expected on a period-over-period basis as the Company transitions from technology development to product development.
paragraph:15: The largest component of the Company’s income in the first quarter of 2025 was from the non-cash gain in fair value adjustment to derivative warrant liability of $15.4 million. The derivative liability adjustment in the first quarter of 2026 was a gain of $1.6 million. The Company reported a loss of $30.7 million in the fourth quarter of 2025. This non-cash item relates to warrants issued in a foreign currency and is periodically remeasured.
paragraph:16: Other non-cash expenses in the first quarter of 2026 included stock-based compensation of $3.4 million and depreciation and amortization of $1.0 million. Non-cash stock-based compensation and depreciation and amortization in the same period of 2025 were $0.8 million and $0.7 million, respectively. Fourth quarter 2025 stock-based compensation and depreciation and amortization were $2.2 million and $0.9 million, respectively. The Company had non-cash finance costs of $47,000 in the first quarter of 2026 compared to non-cash finance costs of $33,000 in the first quarter of 2025 and non-cash costs of $49,000 in the fourth quarter of 2025.
paragraph:17: The Company recognized other income, including interest of $4.0 million in the first quarter of 2026, compared to $528,000 in the same period in 2025 and $2.5 million in the fourth quarter of 2025.
paragraph:18: Cash flow from operating activities in the first quarter of 2026 was ($8.8) million compared to ($8.9) million in the first quarter of 2025 and ($11.6) million in the fourth quarter of 2025.
paragraph:19: Summary of Financial Performance The following is a summary of the Company’s operations over the five quarters ending March 31, 2026. This information should be read in conjunction with the Company’s financial statements filed on Sedar+ on May 14, 2026.
paragraph:20: POET TECHNOLOGIES INC. PROFORMA – NON-IFRS AND IFRS PRESENTATION OF OPERATIONS (All figures are in U.S. Dollars) For the Quarter ended:
paragraph:21: 31-Mar-26 31-Dec-25 30-Sep-25 30-Jun-25 31-Mar-25 Revenue
paragraph:22: 503,389
paragraph:23: 341,202
paragraph:24: 298,434
paragraph:25: 268,469
paragraph:26: 166,760
paragraph:27: Research and development
paragraph:28: (4,499,556 ) (4,621,450 ) (3,735,703 ) (3,150,044 ) (4,360,192 ) Depreciation and amortization
paragraph:29: (957,700 ) (903,513 ) (892,704 ) (792,814 ) (726,868 ) Professional fees
paragraph:30: (320,430 ) (503,449 ) (371,413 ) (562,583 ) (276,184 ) Wages and benefits
paragraph:31: (4,046,941 ) (711,536 ) (675,306 ) (1,042,380 ) (2,123,274 ) Stock-based compensation
paragraph:32: (3,486,766 ) (2,235,188 ) (1,864,589 ) (1,165,482 ) (841,793 ) General expenses and rent
paragraph:33: (1,809,654 ) (747,852 ) (497,118 ) (1,009,778 ) (898,056 ) Finance advisory fees
paragraph:34: (3,252,500 ) (4,632,236 ) (1,816,272 ) (1,302,464 ) (476,802 ) Derivative liability adjustment
paragraph:35: 1,602,298
paragraph:36: (30,689,590 ) (2,414,223 ) (7,559,991 ) 15,382,971
paragraph:37: Interest expense
paragraph:38: (46,517 ) (48,906 ) (31,429 ) (30,925 ) (32,786 ) Other (income), including interest
paragraph:39: 3,970,291
paragraph:40: 2,502,964
paragraph:41: 989,007
paragraph:42: 533,308
paragraph:43: 527,782
paragraph:44: Unrealized foreign exchange loss
paragraph:45: -
paragraph:46: (422,128 ) 1,641,602
paragraph:47: (1,448,691 ) -
paragraph:48: Net loss
paragraph:49: (12,344,086 ) (42,671,682 ) (9,369,714 ) (17,263,375 ) 6,341,558
paragraph:50: Net income (loss) per share - Basic
paragraph:51: (0.08 ) (0.32 ) (0.11 ) (0.21 ) 0.08
paragraph:52: Net income (loss) per share - Diluted
paragraph:53: (0.08 ) (0.32 ) (0.11 ) (0.21 ) 0.08
paragraph:54: About POET Technologies Inc. POET is a design and development company offering high-speed optical modules, optical engines and light source products to the artificial intelligence systems market and to hyperscale data centers. POET’s photonic integration solutions are based on the POET Optical Interposer™, a novel, patented platform that allows the seamless integration of electronic and photonic devices into a single chip using advanced wafer-level semiconductor manufacturing techniques. POET's Optical Interposer-based products are lower cost, consume less power than comparable products, are smaller in size and are readily scalable to high production volumes. In addition to providing high-speed (800G, 1.6T and above) optical engines and optical modules for AI clusters and hyperscale data centers, POET has designed and produced novel light source products for chip-to-chip data communication within and between AI servers, the next frontier for solving bandwidth and latency problems in AI systems. POET’s Optical Interposer platform also solves device integration challenges in 5G networks, machine-to-machine communication, self-contained "Edge" computing applications and sensing applications, such as LIDAR systems for autonomous vehicles. POET is headquartered in Toronto, Canada, with operations in Allentown, PA, Shenzhen, China, and Singapore. More information about POET is available on our website at www.poet-technologies.com.
paragraph:55: Media Relations Contact: Adrian Brijbassi Adrian.brijbassi@poet.tech Company Contact: Thomas R. Mika, EVP & CFO tm@poet.tech
paragraph:56: Forward-Looking Statements This news release contains “forward-looking information” (within the meaning of applicable Canadian securities laws) and “forward-looking statements” (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “potential”, “estimate”, “propose”, “project”, “outlook”, “foresee” or similar words suggesting future outcomes or statements regarding any potential outcome. Such statements include the Company’s expectations with respect to its move of production capacity from China to Malaysia, the ability of its partners to install and operate production equipment, the reaction of customers and partners to the Company’s product offerings, the success of the Company’s product development efforts, the performance of its products, the expected results of its operations, meeting revenue targets, and the expectation of continued success in the financing efforts, the capability, functionality, performance and cost of the Company’s technology as well as the market acceptance, inclusion and timing of the Company’s technology in current and future products and expectations for approval of proposals at the Company’s annual meeting of shareholders.
paragraph:57: Such forward-looking information or statements are based on a number of risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Assumptions have been made regarding, among other things, management’s expectations regarding its move of production capacity from China to Malaysia, the ability of its partner to meet production expectations, the reaction of customers and partners to the Company’s product offerings, the success and timing for completion of its development efforts, the introduction of new products, financing activities, future growth, recruitment of personnel, opening of offices, the form and potential of its joint venture, plans for and completion of projects by the Company’s consultants, contractors and partners, availability of capital, and the necessity to incur capital and other expenditures. Actual results could differ materially due to a number of factors, including, without limitation, the failure to achieve high volume production in Malaysia on time, the failure of its products to meet performance requirements or to be produced in Malaysia on time and budget, the lack of sales in its products, once released, operational risks in the completion of the Company’s anticipated projects, risks affecting the Company’s ability to execute projects, the ability of the Company to generate sales for its products, the ability to attract key personnel, the ability to raise additional capital and the agreement by shareholders to approve proposals put forth by the Company at shareholders’ meetings. Although the Company believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in the Company’s securities should not place undue reliance on forward-looking statements because the Company can provide no assurance that such expectations will prove to be correct. Forward-looking information and statements contained in this news release are as of the date of this news release and the Company assumes no obligation to update or revise this forward-looking information and statements except as required by law.
paragraph:58: Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 120 Eglinton Avenue, East, Suite 1107, Toronto, ON, M4P 1E2- Tel: 416-368-9411 - Fax: 416-322-5075
2025-11-13Nov 13, 2025, 11:00 AM ESTPrepared Remarks190 segments
paragraph:1: EX-99.1
paragraph:2: 2
paragraph:3: exh_991.htm
paragraph:4: PRESS RELEASE
paragraph:5: EdgarFiling
paragraph:6: EXHIBIT 99.1
paragraph:7: POET Technologies Reports Third Quarter 2025 Financial Results
paragraph:8: TORONTO, Nov. 13, 2025 (GLOBE NEWSWIRE) -- POET Technologies Inc. (“ POET ” or the “ Company ”) (TSX Venture: PTK; 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 its unaudited condensed consolidated financial results for the third quarter ended September 30, 2025. The Company’s financial results as well as the Management Discussion and Analysis have been filed on SEDAR+. All financial figures are in United States dollars (“USD”) unless otherwise indicated.
paragraph:9: Management Commentary:
paragraph:10: “The third quarter of 2025 demonstrated continued progress toward commercialization of our optical engine and light source products. The placement of two successive initial production orders from two key customers valued at over $5.6 million is the beginning of a revenue ramp which we expect to increase steadily throughout 2026,” said Dr. Suresh Venkatesan, Chairman & CEO of POET Technologies.
paragraph:11: “The introduction of our 1.6T optical receiver, developed in collaboration with Semtech, enhances POET’s product leadership into the highest-performance segments of the AI interconnect market. We are also evolving our light-source product in partnership with Sivers Semiconductors, and expanding into the mobile AI telecom space with NTT Innovative Devices. These engagements form a foundation for accelerated customer adoption and revenue growth in high-volume AI networking solutions.”
paragraph:12: “Having developed one of the most flexible, high-performance assembly platforms available in the photonics space today, we are now focused on adding to our Optical Interposer advanced components to produce highly differentiated engines and modules for both high-speed interconnect and light-based chip-to-chip data communication. To support this strategy, we recently closed US$250 million in equity financing from three institutional investors, enabling both internal expansion of development and manufacturing capabilities and inorganic growth through acquisitions.”
paragraph:13: Notable Business Highlights:
paragraph:14: Introduced 1.6T optical receivers with Semtech supporting next generation AI clusters and data-center interconnects.
paragraph:15: Advanced POET Starlight light-source strategy through new partnerships with Sivers Semiconductors.
paragraph:16: Entry into the front-haul mobile networking space in collaboration with NTT Innovative Devices.
paragraph:17: Secured a US$5,000,000 initial order for 800G transmit and receive engines, confirming readiness for volume production.
paragraph:18: Successfully completed three rounds of equity financing with three institutional investors at prices ranging from $5.00 to $7.25 per share for gross proceeds of $250,000,000.
paragraph:19: Non-IFRS Financial Summary The Company reported non-recurring engineering (“NRE”) and product revenue of $298,434 in the third quarter of 2025 compared to $3,685 for the same period in 2024 and $268,469 in the second quarter of 2025. Historically the Company provided NRE services to multiple customers for unique projects that are being addressed utilizing the capabilities of the POET Optical Interposer™. The Company only had small product revenue in Q3 2025.
paragraph:20: The Company reported a net loss of $9.4 million, or $0.11 per share, in the third quarter of 2025 compared with a net loss of $12.7 million, or $0.20 per share, for the same period in 2024 and a net loss of $17.3 million, or 0.21 per share, in the second quarter of 2025. The net loss in the third quarter of 2025 included research and development costs of $3.7 million compared to $1.8 million for the same period in 2024 and $3.1 million in the second quarter of 2025. Fluctuations in R&D for a Company of this size and this stage of growth is expected on a period-over-period basis as the Company transitions from technology development to product development.
paragraph:21: The Company reported non-cash loss in the fair value adjustment to derivative warrant liability of $2.4 million in the third quarter of 2025, compared to a loss of $6.2 million in the same period in 2024 and a loss of $7.5 million in the second quarter of 2025. This non-cash item relates to warrants issued in a foreign currency and is periodically remeasured.
paragraph:22: Other non-cash expenses in the third quarter of 2025 included stock-based compensation of $1.9 million and depreciation and amortization of $0.9 million. Non-cash stock-based compensation and depreciation and amortization in the same period of 2024 were $1.5 million and $0.5 million, respectively. First quarter 2025 stock-based compensation and depreciation and amortization were $1.2 million and $0.8 million, respectively. The Company had non-cash finance costs of $31,000 in the third quarter of 2025 compared to non-cash finance costs of $30,000 in the third quarter of 2024 and non-cash costs of $31,000 in the second quarter of 2025.
paragraph:23: The Company recognized other income, including interest of $1.0 million in the third quarter of 2025, compared to $0.2 million in the same period in 2024 and $0.5 million in the second quarter of 2025.
paragraph:24: Cash flow from operating activities in the third quarter of 2025 was ($2.8) million compared to ($5.5) million in the third quarter of 2024 and ($7.7) million in the second quarter of 2025.
paragraph:25: Summary of Financial Performance The following is a summary of the Company’s operations over the five quarters ending September 30, 2025. This information should be read in conjunction with the Company’s financial statements filed on Sedar + on November 13, 2025.
paragraph:26: POET TECHNOLOGIES INC. PROFORMA – NON-IFRS AND IFRS PRESENTATION OF OPERATIONS (All figures are in U.S. Dollars)
paragraph:27: For the Quarter ended:
paragraph:28: 30-Sep-25
paragraph:29: 30-Jun-25
paragraph:30: 31-Mar-25
paragraph:31: 31-Dec-24
paragraph:32: 30-Sep-24
paragraph:33: Revenue
paragraph:34: 298,434
paragraph:35: 268,469
paragraph:36: 166,760
paragraph:37: 29,032
paragraph:38: 3,685
paragraph:39: Research and development
paragraph:40: (3,735,703
paragraph:41: )
paragraph:42: (3,150,044
paragraph:43: )
paragraph:44: (4,360,192
paragraph:45: )
paragraph:46: (3,437,683
paragraph:47: )
paragraph:48: (1,765,481
paragraph:49: )
paragraph:50: Depreciation and amortization
paragraph:51: (892,704
paragraph:52: )
paragraph:53: (792,814
paragraph:54: )
paragraph:55: (726,868
paragraph:56: )
paragraph:57: (475,281
paragraph:58: )
paragraph:59: (525,955
paragraph:60: )
paragraph:61: Professional fees
paragraph:62: (371,413
paragraph:63: )
paragraph:64: (562,583
paragraph:65: )
paragraph:66: (276,184
paragraph:67: )
paragraph:68: (679,156
paragraph:69: )
paragraph:70: (480,871
paragraph:71: )
paragraph:72: Wages and benefits
paragraph:73: (675,306
paragraph:74: )
paragraph:75: (1,042,380
paragraph:76: )
paragraph:77: (2,123,274
paragraph:78: )
paragraph:79: (758,883
paragraph:80: )
paragraph:81: (667,963
paragraph:82: )
paragraph:83: Loss on acquisition of 24.8% of SPX
paragraph:84: -
paragraph:85: -
paragraph:86: -
paragraph:87: (6,852,687
paragraph:88: )
paragraph:89: -
paragraph:90: Stock-based compensation
paragraph:91: (1,864,589
paragraph:92: )
paragraph:93: (1,165,482
paragraph:94: )
paragraph:95: (841,793
paragraph:96: )
paragraph:97: (1,404,995
paragraph:98: )
paragraph:99: (1,525,131
paragraph:101: General expenses and rent
paragraph:102: (497,118
paragraph:104: (1,009,778
paragraph:106: (898,056
paragraph:108: (474,937
paragraph:110: (465,448
paragraph:112: Finance advisory fees
paragraph:113: (1,816,272
paragraph:115: (1,302,464
paragraph:117: (476,802
paragraph:119: (4,239,831
paragraph:121: (1,319,392
paragraph:123: Derivative liability adjustment
paragraph:124: (2,414,223
paragraph:126: (7,559,991
paragraph:128: 15,382,971
paragraph:129: (12,444,661
paragraph:131: (6,179,836
paragraph:133: Interest expense
paragraph:134: (31,429
paragraph:136: (30,925
paragraph:138: (32,786
paragraph:140: (31,605
paragraph:142: (30,482
paragraph:144: Other (income), including interest
paragraph:145: 989,007
paragraph:146: 533,308
paragraph:147: 527,782
paragraph:148: 511,448
paragraph:149: 216,337
paragraph:150: Unrealized foreign exchange loss
paragraph:151: 1,641,602
paragraph:152: (1,448,691
paragraph:157: Net income (loss)
paragraph:158: (9,369,714
paragraph:160: (17,263,375
paragraph:162: 6,341,558
paragraph:163: (30,259,239
paragraph:165: (12,740,537
paragraph:167: Net income (loss) per share - Basic
paragraph:168: (0.11
paragraph:170: (0.21
paragraph:172: 0.08
paragraph:173: (0.50
paragraph:175: (0.20
paragraph:177: Net income (loss) per share - Diluted
paragraph:181: (0.50
paragraph:183: (0.20
paragraph:185: About POET Technologies Inc. POET is a design and development company offering high-speed optical modules, optical engines and light source products to the artificial intelligence systems market and to hyperscale data centers. POET’s photonic integration solutions are based on the POET Optical Interposer™, a novel, patented platform that allows the seamless integration of electronic and photonic devices into a single chip using advanced wafer-level semiconductor manufacturing techniques. POET's Optical Interposer-based products are lower cost, consume less power than comparable products, are smaller in size and are readily scalable to high production volumes. In addition to providing high-speed (800G, 1.6T and above) optical engines and optical modules for AI clusters and hyperscale data centers, POET has designed and produced novel light source products for chip-to-chip data communication within and between AI servers, the next frontier for solving bandwidth and latency problems in AI systems. POET’s Optical Interposer platform also solves device integration challenges in 5G networks, machine-to-machine communication, self-contained "Edge" computing applications and sensing applications, such as LIDAR systems for autonomous vehicles. POET is headquartered in Toronto, Canada, with operations in Allentown, PA, Shenzhen, China, and Singapore. More information about POET is available on our website at www.poet-technologies.com.
paragraph:186: Media Relations Contact: Adrian Brijbassi Adrian.brijbassi@poet.tech
paragraph:187: Company Contact: Thomas R. Mika, EVP & CFO tm@poet.tech
paragraph:188: Forward-Looking Statements This news release contains “forward-looking information” (within the meaning of applicable Canadian securities laws) and “forward-looking statements” (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “potential”, “estimate”, “propose”, “project”, “outlook”, “foresee” or similar words suggesting future outcomes or statements regarding any potential outcome. Such statements include the Company’s expectations with respect to the success of the Company’s product development efforts, the performance of its products, the expected results of its operations, meeting revenue targets, and the expectation of continued success in the financing efforts, the capability, functionality, performance and cost of the Company’s technology as well as the market acceptance, inclusion and timing of the Company’s technology in current and future products and expectations for approval of proposals at the Company’s annual meeting of shareholders.
paragraph:189: Such forward-looking information or statements are based on a number of risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Assumptions have been made regarding, among other things, management’s expectations regarding the success and timing for completion of its development efforts, the introduction of new products, financing activities, future growth, recruitment of personnel, opening of offices, the form and potential of its joint venture, plans for and completion of projects by the Company’s consultants, contractors and partners, availability of capital, and the necessity to incur capital and other expenditures. Actual results could differ materially due to a number of factors, including, without limitation, the failure of its products to meet performance requirements, lack of sales in its products, once released, operational risks in the completion of the Company’s anticipated projects, lack of performance of its joint venture, risks affecting the Company’s ability to execute projects, the ability of the Company to generate sales for its products, the ability to attract key personnel, the ability to raise additional capital and the agreement by shareholders to approve proposals put forth by the Company at shareholders’ meetings. Although the Company believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in the Company’s securities should not place undue reliance on forward-looking statements because the Company can provide no assurance that such expectations will prove to be correct. Forward-looking information and statements contained in this news release are as of the date of this news release and the Company assumes no obligation to update or revise this forward-looking information and statements except as required by law.
paragraph:190: 120 Eglinton Avenue, East, Suite 1107, Toronto, ON, M4P 1E2- Tel: 416-368-9411 - Fax: 416-322-5075
2025-08-11Aug 11, 2025, 12:00 PM EDTPrepared Remarks124 segments
paragraph:1: EX-99.1
paragraph:2: 2
paragraph:3: exh_991.htm
paragraph:4: PRESS RELEASE
paragraph:5: EdgarFiling EXHIBIT 99.1 POET Technologies Reports Second Quarter 2025 Financial Results
paragraph:6: TORONTO, Aug. 11, 2025 (GLOBE NEWSWIRE) -- POET Technologies Inc. (“ POET ” or the “ Company ”) (TSX Venture: PTK; 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 its unaudited condensed consolidated financial results for the second quarter ended June 30, 2025. The Company’s financial results as well as the Management Discussion and Analysis have been filed on SEDAR+. All financial figures are in United States dollars (“USD”) unless otherwise indicated.
paragraph:7: Management Commentary:
paragraph:8: “The second quarter of 2025 marked a major step forward in preparing for volume production of optical engines at Globetronics, with all equipment now installed and operational,” said Dr. Suresh Venkatesan, Chairman & CEO of POET Technologies. “In addition, we expanded our manufacturing capabilities by engaging with NationGate Solutions (M) Sdn. Bhd in Malaysia to build our light source products. Customers have been visiting Malaysia as we qualify both facilities for production.
paragraph:9: “Our customer engagements are intensifying and expanding. We added Lessengers as a new customer based in Korea, which has committed to a module development using POET’s 800G optical engines.
paragraph:10: “In May, we closed a $30 million private placement—the largest single financing in our history—providing us with the capital needed to support near-term growth. Together, the manufacturing expansion, customer engagements, and financings reinforce our confidence that we can meet our growth objectives.”
paragraph:11: Notable Business Highlights:
paragraph:12: Partnered with Lessengers, an innovative optical solution provider based in South Korea, to offer a differentiated 800G DR8 transceiver. Expanded production capacity by signing a Master Agreement, Module Purchase Agreement and a Deed of Consignment with NationGate Solutions (M) Sdn. Bhd, to manufacture optical engine assemblies for POET in Penang, Malaysia. Successfully completed another round of equity financing at $5.00 per share for gross proceeds of $30,000,000. Selected as the winner of the “AI Hardware Innovation Award” in the 8 th annual AI Breakthrough Awards. This was the sixth notable award the Company has won in the past 12 months.
paragraph:13: Non-IFRS Financial Summary The Company reported non-recurring engineering (“NRE”) and product revenue of $268,469 in the second quarter of 2025 compared to nil for the same period in 2024 and $166,760 in the first quarter of 2025. Historically the Company provided NRE services to multiple customers for unique projects that are being addressed utilizing the capabilities of the POET Optical Interposer™. The Company only had small product revenue in Q2 2025.
paragraph:14: The Company reported a net loss of $17.3 million, or $0.21 per share, in the second quarter of 2025 compared with a net loss of $8.0 million, or ($0.14) per share, for the same period in 2024 and a net income of $6.3 million, or 0.08 per share, in the first quarter of 2025. The net loss in the second quarter of 2025 included research and development costs of $3.2 million compared to $2.1 million for the same period in 2024 and $4.4 million in the first quarter of 2025. Fluctuations in R&D for a Company of this size and this stage of growth is expected on a period-over-period basis as the Company transitions from technology development to product development.
paragraph:15: The largest component of the Company’s loss was from the non-cash loss in the fair value adjustment to derivative warrant liability of $7.5 million in the second quarter of 2025, compared to a loss of $1.4 million in the same period in 2024 and a non-cash gain of $15.4 million in the first quarter of 2025. This non-cash item relates to warrants issued in a foreign currency and is periodically remeasured.
paragraph:16: Other non-cash expenses in the second quarter of 2025 included stock-based compensation of $1.2 million and depreciation and amortization of $0.8 million. Non-cash stock-based compensation and depreciation and amortization in the same period of 2024 were $1.6 million and $0.5 million, respectively. First quarter 2025 stock-based compensation and depreciation and amortization were $0.8 million and $0.7 million, respectively. The Company had non-cash finance costs of $31,000 in the second quarter of 2025 compared to non-cash finance costs of $21,000 in the second quarter of 2024 and non-cash costs of $33,000 in the first quarter of 2025.
paragraph:17: The Company recognized other income, including interest of $533,000 in the second quarter of 2025, compared to $175,000 in the same period in 2024 and $528,000 in the first quarter of 2025.
paragraph:18: Cash flow from operating activities in the second quarter of 2025 was ($7.7) million compared to ($4.5) million in the second quarter of 2024 and ($8.9) million in the first quarter of 2025.
paragraph:19: Summary of Financial Performance The following is a summary of the Company’s operations over the five quarters ending June 30, 2025. This information should be read in conjunction with the Company’s financial statements filed on Sedar + on August 11, 2025.
paragraph:20: POET TECHNOLOGIES INC. PROFORMA – NON-IFRS AND IFRS PRESENTATION OF OPERATIONS (All figures are in U.S. Dollars)
paragraph:21: For the Quarter ended:
paragraph:22: 30-Jun-25
paragraph:23: 31-Mar-25
paragraph:24: 31-Dec-24
paragraph:25: 30-Sep-24
paragraph:26: 30-Jun-24
paragraph:27: Revenue
paragraph:28: 268,469
paragraph:29: 166,760
paragraph:30: 29,032
paragraph:31: 3,685
paragraph:32: -
paragraph:33: Research and development
paragraph:34: (3,150,044)
paragraph:35: (4,360,192)
paragraph:36: (3,437,683)
paragraph:37: (1,765,481)
paragraph:38: (2,117,828)
paragraph:39: Depreciation and amortization
paragraph:40: (792,814)
paragraph:41: (726,868)
paragraph:42: (475,281)
paragraph:43: (525,955)
paragraph:44: (509,699)
paragraph:45: Professional fees
paragraph:46: (562,583)
paragraph:47: (276,184)
paragraph:48: (679,156)
paragraph:49: (480,871)
paragraph:50: (366,839)
paragraph:51: Wages and benefits
paragraph:52: (1,042,380)
paragraph:53: (2,123,274)
paragraph:54: (758,883)
paragraph:55: (667,963)
paragraph:56: (780,146)
paragraph:57: Loss on acquisition of 24.8% of SPX
paragraph:58: -
paragraph:59: -
paragraph:60: (6,852,687)
paragraph:61: -
paragraph:62: -
paragraph:63: Stock-based compensation
paragraph:64: (1,165,482)
paragraph:65: (841,793)
paragraph:66: (1,404,995)
paragraph:67: (1,525,131)
paragraph:68: (1,591,741)
paragraph:69: General expenses and rent
paragraph:70: (1,009,778)
paragraph:71: (898,056)
paragraph:72: (474,937)
paragraph:73: (465,448)
paragraph:74: (448,357)
paragraph:75: Finance advisory fees
paragraph:76: (1,302,464)
paragraph:77: (476,802)
paragraph:78: (4,239,831)
paragraph:79: (1,319,392)
paragraph:80: (942,576)
paragraph:81: Derivative liability adjustment
paragraph:82: (7,559,991)
paragraph:83: 15,382,971
paragraph:84: (12,444,661)
paragraph:85: (6,179,836)
paragraph:86: (1,376,761)
paragraph:87: Interest expense
paragraph:88: (30,925)
paragraph:89: (32,786)
paragraph:90: (31,605)
paragraph:91: (30,482)
paragraph:92: (20,833)
paragraph:93: Other (income), including interest
paragraph:94: 533,308
paragraph:95: 527,782
paragraph:96: 511,448
paragraph:97: 216,337
paragraph:98: 174,911
paragraph:99: Unrealized foreign exchange loss
paragraph:100: (1,448,691)
paragraph:101: Net loss
paragraph:102: (17,263,375)
paragraph:103: 6,341,558
paragraph:104: (30,259,239)
paragraph:105: (12,740,537)
paragraph:106: (7,979,869)
paragraph:107: Net income (loss) per share - Basic
paragraph:108: (0.21)
paragraph:109: 0.08
paragraph:110: (0.50)
paragraph:111: (0.20)
paragraph:112: (0.14)
paragraph:113: Net income (loss) per share - Diluted
paragraph:116: (0.50)
paragraph:117: (0.20)
paragraph:118: (0.14)
paragraph:119: Restricted Stock Unit (“RSU”) Grant On August 7, 2025, the board of directors of the Company approved the grant of 2,121,771 RSUs at a price of $5.42, being the closing price of the Company’s shares on the Nasdaq on August 6, 2025. The RSUs were granted to officers of the Company. The RSUs will vest 33.33% on the first, second and third anniversaries of the grant. Should an officer resign prior to being fully vested, the RSUs will be vested pro-rata based on the time served from the date of grant to the date of resignation or termination. The RSUs were granted subject to provisions of the Company’s 2025 Omnibus Incentive Plan and are subject to the TSX Venture Exchange policies and applicable securities laws.
paragraph:120: About POET Technologies Inc. POET is a design and development company offering high-speed optical modules, optical engines and light source products to the artificial intelligence systems market and to hyperscale data centers. POET’s photonic integration solutions are based on the POET Optical Interposer™, a novel, patented platform that allows the seamless integration of electronic and photonic devices into a single chip using advanced wafer-level semiconductor manufacturing techniques. POET's Optical Interposer-based products are lower cost, consume less power than comparable products, are smaller in size and are readily scalable to high production volumes. In addition to providing high-speed (800G, 1.6T and above) optical engines and optical modules for AI clusters and hyperscale data centers, POET has designed and produced novel light source products for chip-to-chip data communication within and between AI servers, the next frontier for solving bandwidth and latency problems in AI systems. POET’s Optical Interposer platform also solves device integration challenges in 5G networks, machine-to-machine communication, self-contained "Edge" computing applications and sensing applications, such as LIDAR systems for autonomous vehicles. POET is headquartered in Toronto, Canada, with operations in Allentown, PA, Shenzhen, China, and Singapore. More information about POET is available on our website at www.poet-technologies.com.
paragraph:121: Media Relations Contact: Company Contact: Adrian Brijbassi Thomas R. Mika, EVP & CFO Adrian.brijbassi@poet.tech tm@poet.tech
paragraph:122: Forward-Looking Statements This news release contains “forward-looking information” (within the meaning of applicable Canadian securities laws) and “forward-looking statements” (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “potential”, “estimate”, “propose”, “project”, “outlook”, “foresee” or similar words suggesting future outcomes or statements regarding any potential outcome. Such statements include the Company’s expectations with respect to the success of the Company’s product development efforts, the performance of its products, the expected results of its operations, meeting revenue targets, and the expectation of continued success in the financing efforts, the capability, functionality, performance and cost of the Company’s technology as well as the market acceptance, inclusion and timing of the Company’s technology in current and future products and expectations for approval of proposals at the Company’s annual meeting of shareholders.
paragraph:123: Such forward-looking information or statements are based on a number of risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Assumptions have been made regarding, among other things, management’s expectations regarding the success and timing for completion of its development efforts, the introduction of new products, financing activities, future growth, recruitment of personnel, opening of offices, the form and potential of its joint venture, plans for and completion of projects by the Company’s consultants, contractors and partners, availability of capital, and the necessity to incur capital and other expenditures. Actual results could differ materially due to a number of factors, including, without limitation, the failure of its products to meet performance requirements, lack of sales in its products, once released, operational risks in the completion of the Company’s anticipated projects, lack of performance of its joint venture, risks affecting the Company’s ability to execute projects, the ability of the Company to generate sales for its products, the ability to attract key personnel, the ability to raise additional capital and the agreement by shareholders to approve proposals put forth by the Company at shareholders’ meetings. Although the Company believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in the Company’s securities should not place undue reliance on forward-looking statements because the Company can provide no assurance that such expectations will prove to be correct. Forward-looking information and statements contained in this news release are as of the date of this news release and the Company assumes no obligation to update or revise this forward-looking information and statements except as required by law.
paragraph:124: Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 120 Eglinton Avenue, East, Suite 1107, Toronto, ON, M4P 1E2- Tel: 416-368-9411 - Fax: 416-322-5075