Corporate Presentaon July 2017 - POET Technologies...q Inﬂec’on in InP based growth from 2017,...

Disrup'veIntegra'oninPhotonics

POETTechnologiesInc.CorporatePresenta6on

July2017

Dr. Suresh Venkatesan – CEO

2 © POET Technologies Inc.

SafeHarborThis presenta'on contains forward-looking statements and forward-looking informa'on within the meaning of U.S. andCanadiansecuri'eslaws,includingbutnotlimitedtostatementsrela'ngtorevenuepoten'al,growthand/orprojec'onssuchasthoseincludedatslides8,10,22and23ofthispresenta'on.Forward-lookingstatementsandinforma'oncangenerallybeiden'fied by the use of forward-looking terminology or words, such as, "con'nues", "with a view to", "is designed to","pending", "predict", "poten'al", "plans", "expects", "an'cipates", "believes", "intends", "es'mates", "projects",andsimilarexpressions or varia'ons thereon, or statements that events, condi'ons or results "can", "might", "will", "shall", "may","must", "would", "could", or "should" occur or be achieved and similar expressions in connec'on with any discussion,expecta'on, or projec'on of future opera'ng or financial performance, events or trends. Forward-looking statements andforward-lookinginforma'onarebasedonmanagement'scurrentexpecta'onsandassump'ons,whichareinherentlysubjecttouncertain'es,risksandchangesincircumstancesthataredifficulttopredict.

Theforward-lookingstatementsandinforma'oninthispresenta'onaresubjecttovariousrisksanduncertain'es,includingthosedescribedundertheheading"RiskFactors"intheCorpora'on'sannualinforma'onform,manyofwhicharedifficulttopredict and generally beyond the control of the Corpora'on, including without limita'on risks: associated with theCorpora'on's limited opera'ng history; associatedwith the Corpora'on's need for addi'onal financing,whichmay not beavailable on acceptable terms or at all; that the Corpora'on will not be able to compete in the highly compe''vesemiconductormarket;thattheCorpora'on'sobjec'veswillnotbemetwithinthe'melinestheCorpora'onexpectsoratall; associatedwith research anddevelopment; associatedwith the integra'onof recently acquiredbusinesses; associatedwithsuccessfullyprotec'ngpatentsandtrademarksandotherintellectualproperty;concerningtheneedtocontrolcostsandthe possibility of unan'cipated expenses; associated with manufacturing and development; that the trading price of thecommon shares of the Corpora'on will be vola'le; and that shareholders' interests will be diluted through future stockofferingsorop'onsandwarrantexercises.Forallofthereasonssetforthabove,investorsshouldnotplaceunduerelianceonforward-lookingstatements.

Otherthananyobliga'ontodisclosematerialinforma'onunderapplicablesecuri'eslawsorotherwiseasmayberequiredbylaw,theCorpora'onundertakesnoobliga'ontoreviseorupdateanyforward-lookingstatementsaVerthedatehereof.

© POET Technologies Inc.

Agenda

1  CorporateOverview

2  TechnologyStatusUpdate

3  StrategicDirec'on

4  MarketandBusinessForecast

5  Whywillwewin?

6  Summary


CompanyHighlights

Market Opportunity

Differentiated Technology

Strong IP

Management and Board

Growth Strategy

Targeting large, high growth datacom and sensing markets

Creating and capturing value through photonic integration

Poised to disrupt opto-electronic industry with proprietary and patented solutions

Experienced management team and board with history of successful execution

Focus resources on highest ROI opportunities in served markets


•  Technologyofgenera'on/transmission/detec'onofphotonsthroughlightandotherformsofradiantenergy

•  Impactsourlivesindiverseways:

Thephotonisthefundamentalpar2cleofvisiblelightPhotonsinphotonicapplica2onsareemployedinthesamewayelectronsareinelectronicapplica2ons

Photonics:DrivingTechnologyoftheFuture

•  Guidance&Naviga2on•  Test&Measurements•  LIDARsystems•  Medical&Healthcare•  Oil&Gas

PhotonicsSensingData

Communica2ons

•  Telecommunica2ons•  Op2calcommunica2ons

6 © POET Technologies Inc. 6 Slide /

Data Centers GlobaldatacenterIPtrafficprojectedtotripleoverthenext5years(1)

Video GlobalIPtrafficexpectedtoexceed150exabytespermonthby2020(82%video)(2)

Smart Phones Smartphonesandtabletsareexpectedtoaccountfor2/3ofallInternettrafficby2020(2)

Internet of Things ThenumberofdevicesconnectedtoIPnetworksprojectedtobe3Xtheglobalpopula2onby2020(2)

(1)Cisco,“GlobalCloudIndex:ForecastandMethodology,2014-219WhitePaper”,2015.(2)Cisco,“TheZefabyteEra-TrendsandAnalysis”,July2016

Globaldatacommunica'ons,videoandtheInternetrelyonphotonicstoenablecommunica'onsatthespeedoflight

Op6calDatacomMarketGrowthDrivers


PhotonicSolu6ons:WhyIntegra6onMaLers

q  Packagingandtes'ngare70-90%ofBOMcostofconven'onalPhotonicsdevices§  Silicon-basedmicroelectronicshavesuccessfullysolvedthroughintegra'on

q  Exis'ngPhotonicsolu'onshaveyettoeffec'velyaddress

q  Integra'onofdevicesontoasinglechip(monolithic)orwithinapackage(hybrid)istheonlyeffec'vemeansto:

§  Improvesize,power,cost,speed,reliabilityandscalability§  Drivedisrup'oninop'calcommunica'ons§  Enablenewfunc'onali'es(mobile3Dsensing)

Wafer Fab Costs Packaging and Testing Costs

0% 50% 100%

Electronics

Photonics

POETisposi'onedtodisruptthephotonicsindustrybypursuingthefavorableeconomicsofintegra'onateverypossiblelevel


Agenda





5  Whywillwewin?

6  Summary


POETOp6calEngine

GaAs(GalliumArsenide)Plalorm InP(IndiumPhosphide)Plalorm

TwoPlaMorms–OneGoal:IntegratedOp6calEngine

MonolithicIntegra2onsingle-chipsolu2on

HybridIntegra2onsinglepackagesolu2on

§  InP-basedLasersAcquiredfromDenseLight

§  DielectricPhotonicsAcquiredfromBBPhotonics

§  DielectricOp6calBench

§  Detectors§  VCSELs§  HFETsInternallydevelopedsince2015


GaAsPlaMormStatus

Topmirrors

BoLommirrors

QWs

Gate

VCSEL

Detector

VCSEL

HFET Thyristor

BICFET

ChangetoBICFETbasedswitcheswillresultindelaysinthedevelopmentoftheGaAsintegratedsolu'on

Op'calDevices ElectricalDevices SwitchDevices

q  PowerOp'miza'onOngoing

q  Thyristorbaseddetectorcompleteq  NewdevelopmentrequiredforBICFET

q  PerformanceOp'miza'onOngoing

q  2Tand3TThyristorscompletedq  Challengeswithacomplete4TThyristor

requiredforintegra'onq  Transi'onrequiredtoBICFETswitchesq  Firstproofofconceptcompleted


InPPlaMormStatusDFBLasers

PiNReceivers

DielectricAWGMux/De-Mux

Developmentontrack.EngineeringsamplesavailableforMux/DeMux.

q  Alphadesigncompleteandvalidatedforengineeringsamplesq  BetadesigninprogressforbothLANWDMandCWDMfilters

q  HighQualitygra'ngsandregrowth

q  PINDesigncompleteq  Fabrica'onprocessunderway

q  Waveguidingac'onindielectricsunderredillumina'on

LANWDM CWDM


SensingAchievement:NextGenera6onofNarrowLinewidthLaserswithSuperWideTunability

1550.10nm

1549.94nm

1550.27nm

Superwidetunabilityofnarrowlinewidthlasingover330pm

-170

-165

-160

-155

-150

-145

-140

-135

5 10 15 20 25 30 35 40 45 50

RIN

(dB

/Hz)

Frequency (MHz)

1549.94nm

1550.1nm

1550.27nm

UltralowRINperformanceof<-160dB/Hzacrossfulltuning

range

PerimeterMonitoring

ChemicalSensing

PipelineIntegrity

MilestonePerformance:•  Lasingwavelengthat1550nm•  Tunabilityof>300pm•  Linewidthsof<5kHzacrossfulltuning

range•  RINof<-160dB/Hzacrossfulltuning

range

Designedforphotonicssensingapplica6onsthatneed“WideSpan”Tunability•  Instrumenta'onandHighResolu'onOp'cal

Gas&ChemicalSensing,•  Op'calTimeDomainReflectometry(OTDR),

AtmosphericLIDAR,•  DistributedAcous'cSensing(DAS),•  PerimeterIntrusionDetec'onSystem(PIDS),

DistributedStrainandTemperature(BOTDR)


Agenda





5  Whywillwewin?

6  Summary


DatacomMarketSegmentsbyTechnologyandReach

InP-based500m->10km

GaAs10m-100m

SiliconPhotonics(SiP)–100m–2km

POET’smonolithicandhybridsolu'onstargetseveralconven'onalmarketsegments,includingmediumtolong-reachandshorttovery-shortreach

Metro2km–10kmandLongHaul

>10km

LongReach MediumReach

WithinDataCenter100m–500m

BetweenDataCenters500m-2km

ShortReach

RacktoRack5m–100m

andWithinRack1m–5m

VeryShortReach

BoardtoBoard50cm–100cmandChiptoChip1cm–50cm

q  Mega-datacentersrequire500mreachandgreater,single-modeinterconnectsto“future-proof”infrastructureandlowercosts

Copper1cm–10m

POETHybridIntegratedInP-basedSolu6on

POETMonolithicGaAs-basedSolu6on


Rela6veMarketOpportunityforInPandGaAsinDataCommunica6ons

ExplosiveGrowthinDataCommunica'onsDrivingInPDemand

GaAsInP

2015 2016 2017 2018 2019 2020 2021

480 526 606 671 753 782 839

819 1177

2878

4220

5671

6807

8131GaAs InP

$M’s

q  Inflec'oninInPbasedgrowthfrom2017,drivenbygrowthof100Gop'cs

q Marketsharetransi'onfromGaAstoInPat100Gandbeyondthroughadop'onofsinglemodeop'cs

q  Strategicdirec'onmustcapitalizeonInPgrowthforneartermreturns


InPSensing(DenseLight)

GaAsMonolithicPlalorm

InPHybridIntegra'onPlalorm

Product/MarketRequirements

CustomLowVolume

Standardized/Disrup'veHighVolume

Standardized/Differen'atedHighVolume

TimetoRevenue Current Delayed Q42017

GrowthStrategyOverview

POETiscapitalizingonthemarketshiVtoInP-basedinterconnectswithacquisi'onofDenseLightandBBPhotonics–greatlyexpandingaddressablemarkets

RevenuePoten6al

ProjectedReturnonInvestment

InPHybridPlaMorm

GaAsPlaMorm

InPSensing

MarketO

pportunity($

B)

NottoScale


InPHybridIntegra6onDrivesDownCosts

ComplexandExpensive

Packagingcost:$$$$ Packagingcost:$

Hybridintegra'onandwafer-levelpackagingpromisetodrama'callylowercostofshortandmediumreachtransceiversanddevicesforphotonicsensing

HybridIntegra6onofInPdevicesanddielectricsusingOp'calBench

SimpleandLow-Cost

Proprietarytechnologyenablestheintegra2onofdielectricwaveguides,filters,spotsizeconvertersdirectlyintotheInPstack…

§  Eliminatescostlycomponents,includinggoldboxes,lensesandmirrors§  Simplifiespackaging(40-60%oftheBOMcostofatransceiver)

Conven6onalSolu6on


CombiningtheBestTechnologiesforSuperiorPerformance

Hybridintegra6oncombinesthebest,market-readysolu6ons:

ü  InPforAc'veDevices(lightgenera'on,modula'onanddetec'on)

ü  DiPdielectricforPassiveDevices(lightspliyng,filteringandinterference)

ü  SiordielectricforBenchandPackaging(op'calalignment,thermalmanagement,electrical,encapsula'on)

Integra'onplalormleveragestheop'maltechnologyforindividualcomponentstodeliverthehighestperformingcompletesolu'on

PERFORMANCE

BUILDINGBLOCK IndiumPhos.(InP)

Silicon(Si)

Dielectrics(DiP)

PassiveComponents

Lasers

Modulators

Switches

Op6calAmplifiers

Detectors

Bench

PERFORMANCEKEY

VeryGood

Good

Modest

Challenging

POETApproach


AdvantageofPOETIntegratedDielectricPhotonics

ü Lowercostdiscretecomponentsforthecomponentmarket

ü Embeddedathermalwaveguidesandfiltersforintegrateddevices

ü Eliminatesneedforexpensivemicro-op'csassemblies

ü Waferscaleproduc'onforreducedmanufacturingcost

ü AthermalusesinlightsourcesenableslowerpowerWDMop'cs

CostComparisons

foraQuadFilter

SiliconPhotonics

(SilicaWaveguides)

InPPhotonics(ThinFilmFilters)

Conven6onal(MicroOp6cs)

POET(DielectricWaveguide)

$30-$50 $20 $50-$80 <$1

POETdielectricdesignscanreplaceothermaterialsfordevicesandpackaging,withresul2ngcostsavingscomparabletotheQuadFilter:

TransceiversbuiltwithPOETDielectricPhotonicsdeviceshaveBOMcosts40%-50%lowerthancompe''veproducts(evenlowerforop'calenginesalone)


POET’sDielectricPhotonicsSolu6on

ProductAdvantages

•  Disrup'veCostAdvantage

•  Lowest$perGigabit/second(Gbps)

•  Simple,lowcostpackaging

•  Wafer-leveltestandassembly

•  Scalableto8and12inchwafersizes

MarketAdvantages

•  Ini'alsaleofdiscretecomponentsofOp'calEnginein2017

•  Established,large,high-growthmarket

MUX

DEMUX

Monitor PD

Laser Diode Array

PiN PD Array

Mux/DeMux

Isolator

POET’sDielectricPhotonics:Adisrup'vetransceiversolu'onservingamul'billiondollarmarketopportunity

LASER DIODE ARRAY

OPTICALENGINE


Agenda





5  Whywillwewin?

6  Summary


ThePhotonicsMarketplaceFromcorecomponentstoenabledservices

Photonic-enabledservices

Photonic-enabledproducts

Photonicproducts

Corephotoniccomponentsand

materials

§  Internet,streamingvideoandaudio(music),cloudstorageservices,e-commerce

§  Ligh'ng,internetanddatacenters,smartphones,Machinevisionsystems,TV’s,medicalimagingsystems

§  LEDlamps,cameras,displays,op'calscanners,advancedmanufacturingsystems,inspec'onsystems

§  LEDs,Lasers,Detectors,Imagesensors,Lenses,Prisms,Op'calfilters,Gra'ngs,Op'calfibers

Knowledgegenera'on

SPIE:PhotonicsWest2015

$$$$

$$$

$$

$


ThePhotonicsMarketplaceFromcorecomponentstoenabledservices

Photonic-enabledservices

Photonic-enabledproducts

Photonicproducts

Corephotoniccomponentsand

materials

§  Internet,streamingvideoandaudio(music),cloudstorageservices,e-commerce

§  Ligh'ng,internetanddatacenters,smartphones,Machinevisionsystems,TV’s,medicalimagingsystems

§  LEDlamps,cameras,displays,op'calscanners,advancedmanufacturingsystems,inspec'onsystems

§  LEDs,Lasers,Detectors,Imagesensors,Lenses,Prisms,Op'calfilters,Gra'ngs,Op'calfibers

Knowledgegenera'on

SPIE:PhotonicsWest2015

$$$$

$$$

$$

$

CoreComponents:$156B


PhotonicsMarketSegmenta6on&POETSAM

SPIE2015

CurrentPOETSAMincludesCommunica'onsTech,Op'calComponentsandLightSources

*SPIEProjec'onfor2020**SPIEprojec'onfor2015

TotalPhotonicsTechnologies>US$680B*

PhotonicsComponents

TAM:US$156B**

POETTargetSAM:US$12B

POETIni'alRevenuePoten'al


InPSensing(DenseLight) InPHybridIntegra'on

Achievements,MilestonesandCommercializa6on

Accomplishments:

ü  Currentproductsinsensingmarket

ü  NLWlasersforLIDARandacous'csensingmarkets

Milestones:

Ø  Integra'onofac'vecomponentswithdielectrics

Ø  Newproductqualifica'on

Accomplishments:

ü  2TThyristorDetectorsü  2TThyristorVCSELsü  HFETsü  Allonsimilarepistack

Status:

Ø  Developmentchallengesencounteredwith4TThyristor

Ø  Re-alloca'onofR&Dresourcesbasedonbusinessopportunity

Ø  Targetcommercializa'onbasedonstrategicpartner

GaAsMonolithicPlalorm

Accomplishments:

ü  PrototypeMux/DeMuxü  Prototypewaveguidesandspot

sizeconvertersü  ROSA,EAMandPINdesignsü  Alignmentschemeforwafer-level

packaging

Milestones:

Ø  Prototypesforpassivecomponentsandwafer-levelpackaging

Ø  Newproductqualifica'onØ  Targetcommercializa'oninlate

2017


RevenuePoten6alq  InPPlalormalonehasthepoten'altogenerateannualrevenueofover$175M

by2021,withafocusonlowcost100G/10kmOp'calEngines

Revenuepoten'albasedonconserva'veadop'onratesofhighlydifferen'atedproductsineachmarketandstrategicpartnerforGaAsbasedAOCs

Sensing

AOC's

WAN

Components

EthernetDC

250

200

150

100

50

$M’s

Introduc2onof100GTxRx


•  SalesofcertainAc6veandPassiveDevicestothemerchantmarketasearlyasQ42017:﹘ LANWDMMul'-ChannelMux/De-MuxDevices﹘ ROSA:Receiver+De-Muxalone

﹘ Modulators﹘ Wavelengthcombinersforthesensingmarket﹘ Bragggra'ngsforExternalCavityLasers﹘ SingleChipLANWDMLasers

•  MajorenhancementstothecurrentDenseLightsensingproduct-linetoaccelerateandgrowrevenuein2018:﹘ SLEDs:EliminateHerme'cPackage,Ac'veAlignmentandLens/Metallizedfibers﹘ BroadBandSLEDs:Waveguidemul'plexertoreplacemicroop'celements﹘ NarrowLinewidthlaser:

﹘ Waveguidefilters

﹘ Heaterelementsfortuning

DrivingAddi6onalSalesandFasterTimetoRevenue

Dielectricphotonicsandwaferlevelpackagingdevelopmentsbenefitsalesandaccelerate'metorevenuewhilecomple'ngdevelopmentofop'calengine


CompanyHighlights

•  Addressablemarketsof~$9Bby2021MarketOpportunity

•  Disrup'veMonolithicandHybridIntegra'on

Differen'atedTechnology

•  58patentsgrantedand12pendingStrongIP

•  Newleadershipand4newboardmemberssince2015

ManagementandBoard

•  Accelerate'metorevenueandmaximizeROIGrowthStrategy

Thank You


PUBLISHEDBACKUP


POETCurrentProjectedSAM,byPlaMorm

CurrentproductsunderdevelopmentaddressaServedMarketof~$12Bin2021

$-

$1,000

$2,000

$3,000

$4,000

$5,000

$6,000

$7,000

$8,000

$9,000

2015 2016 2017 2018 2019 2020 2021

InP GaAs Sensors


ManagementTeam

Dr.SureshVenkatesan,CEO•  25yearssemiconductorindustryexperienceMotorola,Freescale&GLOBALFOUNDRIES

•  TechnologyDevelopment&Commercializa'on

RajanRajgopal,GMandPresident,DenseLight•  Over28yearsofindustryexperience•  FormerVPatGlobalFoundriesandMicron

DavidE.Lazovsky,Execu6veChairman•  Founder,CEOandDirectorofIntermolecular(NASDAQ:IMI)

•  20yearsofsemiconductorindustryexperience-IMIandAppliedMaterials

Dr.William“Bill”Ring,SVPProductDevelopment•  20yearssemiconductorindustryexperience:HP,Tyco,BBPhotonics

•  Op'caltechnology,productandbusinessdevelopment

Dr.Yee-LoyLam,CTODenseLight•  Co-founderofDenseLightSemiconductors•  ProfessorNanyangTechnologicalUniversity•  Specialistinoptoelectronics,fiber-op'cssensorsandphotonicssystemsapplica'ons.

ThomasR.Mika,CFO•  25yearssemiconductorindustryexperience–TegalCorpora'on(NASDAQ:TGAL)

•  CEOandCFOleadingIPO,severalfollow-onfinancingsandrestructurings


BoardofDirectors

AjitManocha,Director•  CEOofSEMIandformerCEOofGLOBALFOUNDRIES

•  35yearsofsemiconductorexperiencewithdeepknowledgeofthetechnologyandopera'ons

ChrisTsiofas,Director•  PartneratTorontoCharteredProfessionalAccountancyfirmMyersTsiofasNorheimLLP

•  25yearsofexperienceonbothfinancialandopera'onalissues

JohnF.O’Donnell,Director•  CounseltoS'kemanKeeleySpiegelLLP•  Canadianaforneywith43yearsofexperiencespecializingincorporateandsecuri'eslaw

ToddA.DeBonis,Director•  CEOofPixelworks(NASDAQ:PXLW)•  Semiconductorveteranwithover27yearsofexper'seinsales,marke'ngandcorporatedevelopment

MohandasWarrior,Director•  President&CEOofAlfalight,2004-2016•  15yearsatMotorolaSemiconductors(Freescale)leadingtestandassemblyopera'ons

DavidE.Lazovsky,Execu6veChairman•  Founder,CEOandDirectorofIntermolecular(NASDAQ:IMI)

•  20yearsofsemiconductorindustryexperience-IMIandAppliedMaterials

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