12 October 2016

POET and Luxmux enter into supply agreement and strategic partnership

POET Technologies Inc of San Jose, CA, USA — which has developed the proprietary planar optoelectronic technology (POET) platform for monolithic fabrication of integrated III-V-based electronic and optical devices on a single semiconductor wafer — has announced a long-term agreement to supply superluminescent diode (SLED) products to Luxmux Technology Corp of Calgary, AB, Canada, a developer of miniaturized photonics solutions that enable next-generation light sensing systems.

Through its Singapore-based subsidiary DenseLight Semiconductors — which designs and makes indium phosphide (InP)- and gallium arsenide (GaAs)-based optoelectronic devices and photonic integrated circuits (PICs) — POET will design and manufacture multiple-wavelength SLED sets for Luxmux to integrate into products for a number of photonic applications. POET says that these products will benefit from significant system-level advantages including compact size, accuracy and stability.

The agreement is structured as a strategic partnership to ensure the seamless integration of devices into Luxmux's Broad Spectrum Tunable Superluminescent Diode (BeST-SLED) butterfly package. The strategic partnership is expected to enable unique capabilities in the exacting and demanding fields of bio-medical applications, energy, material characterization, metrology, optical device characterization and remote sensing.

"This collaboration also provides both companies with expanded future opportunities to develop and commercialize additional integrated SLED optoelectronic technologies," says POET's CEO Suresh Venkatesan.

"Engaging with POET Technologies as a supplier and strategic partner is an important milestone for Luxmux, as it increases our capabilities in the photonics market," says Luxmux's president & CEO Yonathan Dattner. "We researched several suppliers and selected the Denselight SLED because of its unparalleled quality and performance," he adds.

POET announces proposed public offering

POET says that it intends to offer newly issued shares of common stock, along with warrants to purchase common stock, in an underwritten public offering.

The firm intends to use the net proceeds from the offering for general corporate purposes, which may include increasing working capital, further product and sales development, as well as potential business or intellectual property acquisitions in support of strategic growth.

Rodman & Renshaw (a unit of H.C. Wainwright & Co LLC) is acting as lead book-running manager for the offering (and as sole underwriter in the USA) and Cormark Securities Inc is acting as lead manager for the offering in Canada. IBK Capital Corp is acting as co-manager for the offering in Canada.

Tags: POET

Visit: www.luxmux.com

Visit: www.denselight.com

Visit: www.poet-technologies.com