The Company remains on track to deliver to industr

The Company remains on track to deliver to industry, and specifically to its development partners, by mid-2014, a fully-integrated monolithic optoelectronic semiconductor chip based on the Company’s POET platform. This leap-forward solution will be capable of providing significant energy savings and increased performance over current silicon technology.

POET Development Alliance (PDA) – To date, POET has met with several large-scale technology firms who have expressed interest in jointly adapting POET to commercial scale implementation. Some of these potential alliance partners have already provided input into POET’s alignment of resources, notably with respect to our technical roadmap. Some specific instances include the moving forward of milestone 6 in our corporate presentation, achieved in the second quarter 2013; and the current 100 nm initiative, which is proceeding as planned. Incubating such relationships is an ongoing task of the Special Strategic Committee (SSC), as a key aspect of finalizing licensing relationships towards a “Powered by POET” device ecosystem.