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POET Technologies ( (TSE:PTK) ) has shared an announcement.
POET Technologies Inc. has entered into an agreement to develop a custom optical engine for a global capital markets firm engaged in high-frequency trading. This project, which begins with the immediate design of prototypes, marks a strategic expansion into a new market for POET, showcasing the versatility of their Optical Interposer platform and promising new revenue streams for the company.
More about POET Technologies
POET Technologies Inc. is a design and development company specializing in high-speed optical modules, engines, and light source products for artificial intelligence systems and hyperscale data centers. Using their patented POET Optical Interposer platform, they integrate electronic and photonic devices into single chips, offering cost-effective, power-efficient, and scalable solutions. Their technologies address challenges in AI networks, 5G, machine-to-machine communication, edge computing, and autonomous vehicle sensing.
YTD Price Performance: -24.47%
Average Trading Volume: 2,430,932
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $331.9M
See more insights into PTK stock on TipRanks’ Stock Analysis page.
