News: Optoelectronics
25 January 2022
POET named to 2022 OTCQX Best 50
POET Technologies Inc of Toronto, Ontario, Canada — a designer and developer of the POET Optical Interposer and photonic integrated circuits (PICs) for the data-center and telecom markets — has been named to the 2022 OTCQX Best 50, a ranking of top-performing companies traded over-the-counter on the OTCQX Best Market last year.
The OTCQX Best Market offers trading of established, investor-focused US and global companies. To qualify for the OTCQX market, companies must meet certain financial standards, follow best-practice corporate governance, and demonstrate compliance with applicable securities laws.
The OTCQX Best 50 is an annual ranking of the top 50 US and international companies traded on the OTCQX market. The ranking is calculated based on an equal weighting of one-year total return and average daily dollar volume growth in the previous calendar year. Companies in the 2022 OTCQX Best 50 were ranked based on their performance in 2021.
“During the past year, the company made significant commercial progress and achieved a number of milestones, including the introduction and demonstrations of multiple new products based on POET’s Optical Interposer platform, the shipment of samples to customers as well as the securing of initial design wins and purchase orders,” notes POET’s executive VP & chief financial officer Thomas Mika. “Additionally, we successfully established collaborative development and supply agreements with key industry partners, and the company meaningfully improved its cash position,” he adds. “We look forward to extending the company’s growing momentum in 2022 as we continue to execute on the commercial ramp of POET’s technology.”
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