POET Technologies (TSE:PTK) has released an update.
POET Technologies, a company specializing in optical engines for AI and data center applications, has reported a second-quarter net loss of $8 million alongside significant strides in product development and market penetration. Key achievements include securing a major supply deal with electronics giant Foxconn’s subsidiary, FIT, and an expansion deal with Luxshare Tech, signaling confidence in POET’s optical engines for AI networks. The company has also bolstered its financial position, raising $35.7 million in capital and winning the ‘Best Optical AI Solution’ award, indicating strong prospects and industry recognition.
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