TORONTO, Dec. 05, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. ("POET" or the "Company") (TSX Venture: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer, Photonic Integrated Circuits (PICs) and light sources for the data center, tele-communication and artificial intelligence markets, today announced the expansion of the Company's Board of Directors (the "Board") to six members with the appointment of Bob Tirva as director and member of the Audit Committee. Mr. Tirva's appointment will be effective December 5, 2024 and, along with the incumbent five directors of the Company, he will serve until the next annual meeting of shareholders of the Company or until his successor is duly elected or appointed.
Mr. Tirva brings over 30-years of executive experience in the technology industry and several years of advisory experience as a director of companies advancing semiconductor technology. Throughout his career, Mr. Tirva held various management positions at IBM, Broadcom Corporation, Dropbox and Intermedia Cloud Communications Inc. before assuming the role of President, Chief Operating Officer and Chief Financial Officer of Sonim Technologies, Inc. until it was acquired by AJP Holding Company in 2022. Mr. Tirva currently serves on the board of Skyworks Aeronautics and was recently on the boards of Costar Technologies and Resonant, Inc.
POET's Chairman & CEO, Dr. Suresh Venkatesan commented: "It is a pleasure to welcome Bob to our Board. His experience at Broadcom and Resonant is directly relevant to POET and his strong financial background will be an asset to our Audit Committee and management team overall."
Following the appointment of Mr. Tirva, the Board will consist of six members, being Dr. Suresh Venkatesan (Chair), Jean-Louis Malinge (Lead Independent Director), Theresa Lan Ende, Glen Riley, Chris Tsiofas, and Bob Tirva.
Option Grant
For services as a member of the Board for the period December 5, 2024 through the date of the next Annual General Meeting, the Board of Directors has approved a combination of option grants and cash payments equivalent to the compensation of other members of the Board who hold no Committee chair positions. Specifically, a grant of 18,823 options to purchase common shares of the Corporation will be made to Bob Tirva, which will vest quarterly in arrears over 7 months. The options are exercisable for 10 years at a price of CAD$7.19, that being the closing price of the Company's shares on TSX Venture Exchange on December 4, 2024. In addition, Mr. Tirva will receive a cash payment of US$17,500 in two quarterly payments. The options are granted in accordance with the Corporation's Board Compensation Program, and are subject to provisions of the Corporation's 2024 Stock Option Plan and to the TSX Venture Exchange policies and applicable securities laws. For further details on the Company's share capital, refer to the Company's Financial Statements and MD&A for the three-months ended September 30, 2024, which may be found on SEDAR+ and EDGAR.
About POET Technologies Inc.
POET is a design and development company offering high-speed optical modules, optical engines and light source products to the artificial intelligence systems market and to hyperscale data centers. POET's photonic integration solutions are based on the POET Optical Interposer, a novel, patented platform that allows the seamless integration of electronic and photonic devices into a single chip using advanced wafer-level semiconductor manufacturing techniques. POET's Optical Interposer-based products are lower cost, consume less power than comparable products, are smaller in size and are readily scalable to high production volumes. In addition to providing high-speed (800G, 1.6T and above) optical engines and optical modules for AI clusters and hyperscale data centers, POET has designed and produced novel light source products for chip-to-chip data communication within and between AI servers, the next frontier for solving bandwidth and latency problems in AI systems. POET's Optical Interposer platform also solves device integration challenges in 5G networks, machine-to-machine communication, self-contained "Edge" computing applications and sensing applications, such as LIDAR systems for autonomous vehicles. POET is headquartered in Toronto, Canada, with operations in Allentown, PA, Shenzhen, China, and Singapore. More information about POET is available on our website at .
Media Relations Contact:
Adrian Brijbassi
Adrian.brijbassi@poet.tech | Company Contact:
Thomas R. Mika, EVP & CFO
tm@poet.tech |
ON BEHALF OF THE BOARD OF DIRECTORS
Dr. Suresh Venkatesan
Chairman and Chief Executive Officer POET Technologies Inc.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
120 Eglinton Avenue, East, Suite 1107, Toronto, ON, M4P 1E2- Tel: 416-368-9411 - Fax: 416-322-5075
トロント、2024年12月05日、(グローブ・ニュースワイヤ) -- POEt Technologies Inc. (「POET」または「企業」) (TSX Venture: PTK; NASDAQ: POET)は、POEt Optical Interposer、フォトニック統合回路(PICs)、データセンター、通信および人工知能市場向けの光源の設計および開発を行う企業である。本日、同社は取締役会(「取締役会」)をボブ・ティルバを取締役および監査委員会のメンバーとして任命して6名のメンバーに拡大することを発表した。ティルバ氏の任命は2024年12月05日に効力を持ち、現行の5名の取締役会メンバーと共に、次回の株主総会まで、またはその後継者が正当に選出または任命されるまで務める予定である。
ティルバ氏は、技術業界で30年以上のエグゼクティブ経験と、半導体技術を進化させる企業の取締役としての数年の助言経験を持ち、IBm、ブロードコム、ドロップボックス、Intermedia Cloud Communications Inc.でのさまざまな経営職を経て、Sonim Technologies, Inc.の社長、最高オペレーティングオフィサー兼最高財務役員に就任する前まで務めてきた。2022年にAJP Holding Companyによって買収されるまでの間、ティルバ氏は現在のSkyworks Aeronauticsの取締役を務め、Costar TechnologiesおよびResonant, Inc.の取締役を務めていた。
POETの会長兼最高経営責任者であるSuresh Venkatesan博士は、「ボブを当社の取締役会に歓迎するのは喜びである。ブロードコムとレゾナントでの経験がPOEtに直接関連しており、彼の強力な財務背景は監査委員会および経営チーム全体にとって資産となるでしょう。」と述べた。
ティルバ氏の任命後、取締役会はSuresh Venkatesan博士(議長)、Jean-Louis Malinge(主任経営責任者)、Theresa Lan Ende、Glen Riley、Chris Tsiofas、およびBob Tirvaの6名で構成される予定である。
オプションの付与
For services as a member of the Board for the period December 5, 2024 through the date of the next Annual General Meeting, the Board of Directors has approved a combination of option grants and cash payments equivalent to the compensation of other members of the Board who hold no Committee chair positions. Specifically, a grant of 18,823 options to purchase common shares of the Corporation will be made to Bob Tirva, which will vest quarterly in arrears over 7 months. The options are exercisable for 10 years at a price of CAD$7.19, that being the closing price of the Company's shares on TSX Venture Exchange on December 4, 2024. In addition, Mr. Tirva will receive a cash payment of US$17,500 in two quarterly payments. The options are granted in accordance with the Corporation's Board Compensation Program, and are subject to provisions of the Corporation's 2024 Stock Option Plan and to the TSX Venture Exchange policies and applicable securities laws. For further details on the Company's share capital, refer to the Company's Financial Statements and MD&A for the three-months ended September 30, 2024, which may be found on SEDAR+ and EDGAR.
POETテクノロジーズ株式会社について
POEt is a design and development company offering high-speed optical modules, optical engines and light source products to the artificial intelligence systems market and to hyperscale data centers. POET's photonic integration solutions are based on the POEt Optical Interposer, a novel, patented platform that allows the seamless integration of electronic and photonic devices into a single chip using advanced wafer-level semiconductor manufacturing techniques. POET's Optical Interposer-based products are lower cost, consume less power than comparable products, are smaller in size and are readily scalable to high production volumes. In addition to providing high-speed (800G, 1.6兆and above) optical engines and optical modules for AI clusters and hyperscale data centers, POEt has designed and produced novel light source products for chip-to-chip data communication within and between AI servers, the next frontier for solving bandwidth and latency problems in AI systems. POET's Optical Interposer platform also solves device integration challenges in 5G networks, machine-to-machine communication, self-contained "Edge" computing applications and sensing applications, such as LIDAR systems for autonomous vehicles. POEt is headquartered in Toronto, Canada, with operations in Allentown, PA, Shenzhen, China, and Singapore. More information about POEt is available on our website at .
メディア関係者お問い合わせ：
Adrian Brijbassi
Adrian.brijbassi@poet.tech | 企業連絡先：
トーマス・R・ミカ、EVP＆CFO
tm@poet.tech |
取締役会を代表して
Dr. Suresh Venkatesan
Chairman and Chief Executive Officer POEt Technologies Inc.
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120 Eglinton Avenue、East、Suite 1107、Toronto、ON、M4P 1E2- Tel：416-368-9411- Fax：416-322-5075
