POET engaged to develop custom Optical Engine

Demonstrates versatility of Optical Interposer Platform and adds new revenue stream.

POET Technologies has signed an agreement to develop a novel optical engine for use in a high-frequency securities trading operation for a global capital markets firm. High-frequency trading (“HFT”) is a type of automated trading that uses powerful computers to execute a large number of trades in fractions of a second.

The multi-phase project is a pioneering effort to increase the speed and decrease the latency inherent in current transceiver solutions utilized by securities trading operations. The first phase of the project will begin immediately with POET designing prototypes of POET Optical Interposer–based transceiver engines built to meet the customer’s specification. Subsequent phases include building additional prototypes and, if successful, production optical engines customized for this application.

"We are delighted to have embarked on this ambitious project with a global leader in HFT," commented Raju Kankipati, Chief Revenue Officer of POET. "This project generates revenue for POET this year and demonstrates the versatility of the POET Optical Interposer and the entry into a new, related market space by the Company."

e2e-assure and A&O Corsaire have formed a partnership to support UK organisations with compliance...
Climb Channel Solutions enhances its cybersecurity portfolio through partnership expansion with...
Indigo enables hyperscale performance for TPN through specialist subsea operations, service...
Robertet Group is advancing its global operations through GTT’s Secure Connect SASE, with the aim...
Acumen Cyber and AttackIQ announce a strategic partnership focused on continuous threat exposure...
Jonathan Berger is appointed by SonicWall to lead global channel strategies and enhance partner...
Paessler announces acquisition of UVnetworks, aiming to enhance their IT and OT monitoring...
Paessler appoints Mav Turner as Chief Product Officer to strengthen its focus on IT and OT...