07:55 AM EST, 01/31/2025 (MT Newswires) -- Poet Technologies ( POET ) said Friday it has signed a deal with a global capital markets firm to develop an optical engine for use in an automated high-frequency securities trading operation.

Financial terms and the name of the client were not disclosed.

The project is meant to increase the speed and decrease the latency in securities trading operations, the company said.

Poet's Chief Revenue Officer Raju Kankipati said the project will generate revenue for this year.