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POET Technologies Up 2.7% in US Premarket As Says to Supply Engines to Develop Mentech's Optical Modules
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POET Technologies Up 2.7% in US Premarket As Says to Supply Engines to Develop Mentech's Optical Modules
Sep 11, 2024 3:10 AM

08:12 AM EDT, 09/10/2024 (MT Newswires) -- POET Technologies ( POET ) was at last look up 2.7% in US premarket on Tuesday after saying that Mentech Technology has selected the company's transmit and receive optical engines in a sample order to develop its 800G pluggable transceiver. Optical module design efforts usually take six to nine months followed by end-customer testing of up to six months.

Mentech is one of the world's largest suppliers of data communications and telecommunications components. Its 200G to 800G optical modules are part of networking infrastructure for data centers.

"POET has worked closely with Mentech to reach this pivotal stage in our relationship, and we look forward to seeing their 800G and 1.6T modules, powered by POET optical engines, out in the marketplace," says Dr. Mo Jinyu, POET's senior vice-president and general manager in Asia.

Poet was last seen up US$0.08, to US$3.04 in U.S. premarket trade.

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