POET Technologies Receives $5 Million Production Order For 800G Optical Engines
| Media Relations Contact: Adrian Brijbassi ... | Corporation Contact: Thomas R. Mika, EVP & CFO ... |
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This news release contains“forward-looking information” (within the meaning of applicable Canadian securities laws) and“forward-looking statements” (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as“anticipate”,“believe”,“expect”,“plan”,“intend”,“potential”,“estimate”,“propose”,“project”,“outlook”,“foresee” or similar words suggesting future outcomes or statements regarding any potential outcome. Such statements include the Corporation's expectations with respect to its sale of optical engines, success of the Corporation's product development efforts, the performance of its products, operations, meeting revenue targets, and the expectation of continued success in the financing efforts, the capability, functionality, performance and cost of the Corporation's technology as well as the market acceptance, inclusion and timing of the Corporation's technology in current and future products and expectations regarding its successful penetration of the Artificial Intelligence hardware markets.
Such forward-looking information or statements are based on a number of risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Assumptions have been made regarding, among other things, its expectations for the sale of its optical engines, the size, future growth and needs of Artificial Intelligence network suppliers, management's expectations regarding the success and timing for completion of its development efforts, the introduction of new products, financing activities, future growth, recruitment of personnel, reorganization efforts, plans for and completion of projects by the Corporation's consultants, contractors and partners, availability of capital, and the necessity to incur capital and other expenditures. Actual results could differ materially due to a number of factors, including, without limitation, failure of its optical engine products to perform to specifications, failure to deliver products on time and in the ordered quantities, the failure of Artificial Intelligence networks to continue to grow as expected, the failure of the Corporation's products to meet performance requirements for AI and datacom networks, lack of sales in its products, lack of sales by its customers to end-users, operational risks in the completion of the Corporation's projects, risks affecting the Corporation's ability to complete its products, the ability of the Corporation to generate sales for its products, the ability of its customers to generate sales for products that incorporate the Corporation's products, the ability to attract key personnel, the failure of its reorganization efforts and the ability to raise additional capital when needed. Although the Corporation believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in the Corporation's securities should not place undue reliance on forward-looking statements because the Corporation can provide no assurance that such expectations will prove to be correct. Forward-looking information and statements contained in this news release are as of the date of this news release and the Corporation assumes no obligation to update or revise this forward-looking information and statements except as required by law.
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