POET Completes Acquisition of Super Photonics Xiamen

TORONTO, Dec. 31, 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, is pleased to announce that it has completed its previously-announced acquisition of control of Super Photonics Integrated Circuit Xiamen Co., Ltd. ("SPX"), the company jointly held by, and previously operated as a joint venture between, the Company and Quanzhou San'an Optical Communication Technology Co., Ltd. ("SAIC" or "Sanan"). The Company has today acquired all of the outstanding minority equity interests of SPX not already owned by the Company from SAIC, thus securing the Company's 100% ownership of SPX (the "Acquisition").

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