Poet Technologies Inc. (TSE:PTK) has released an update.
POET Technologies Inc. has announced its first-quarter financial results for 2024, highlighting a strong balance sheet enhanced by recent private placements and an ATM offering totaling approximately C$37.2 million. The company marked a significant commercial milestone with a major design win and collaboration with Foxconn Interconnect Technology to develop advanced optical transceiver modules for AI and data center markets. Their participation in the Optical Fiber Conference and new product launches signal POET’s strategic entry into the high-speed optical module market.
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