POET Tecnhnologies OTC Technology Virtual 2April20 12pm PST … · 2020-04-02 · CC 2 2 r ard -...

© POET Technologies Inc. | PUBLIC 1

© POET Technologies Inc. | OTCQX: POETF | PUBLIC

POET Technologies, Inc.

OTC Technology Virtual ConferenceApril 2, 2020 12:00pm EDT

Thomas R. MikaEVP & CFO

© POET Technologies Inc. | PUBLIC 2© POET Technologies Inc. | OTCQX: POETF | PUBLIC 2

Safe HarborThis presentation contains forward-looking statements and forward-looking information within the meaning of U.S. and Canadian securities laws, including but not limited to statements relating to revenue potential, growth and/or projections such as those included at slides 8, 10, 22 and 23 of this presentation. Forward-looking statements and information can generally be identified by the use of forward-looking terminology or words, such as, "continues", "with a view to", "is designed to", "pending", "predict","potential", "plans", "expects", "anticipates", "believes", "intends", "estimates", "projects", and similar expressions or variations thereon, or statements that events, conditions or results "can", "might", "will", "shall", "may", "must", "would", "could", or "should" occur or be achieved and similar expressions in connection with any discussion, expectation, or projection of future operating or financial performance, events or trends. Forward-looking statements and forward-looking information are based on management's current expectations and assumptions, which are inherently subject to uncertainties, risks and changes in circumstances that aredifficult to predict.

The forward-looking statements and information in this presentation are subject to various risks and uncertainties, including thosedescribed under the heading "Risk Factors" in the Corporation's annual information form, many of which are difficult to predict andgenerally beyond the control of the Corporation, including without limitation risks: associated with the Corporation's limitedoperating history; associated with the Corporation's need for additional financing, which may not be available on acceptable termsor at all; that the Corporation will not be able to compete in the highly competitive semiconductor market; that the Corporation'sobjectives will not be met within the time lines the Corporation expects or at all; associated with research and development;associated with the integration of recently acquired businesses; associated with successfully protecting patents and trademarksand other intellectual property; concerning the need to control costs and the possibility of unanticipated expenses; associated withmanufacturing and development; that the trading price of the common shares of the Corporation will be volatile; and thatshareholders' interests will be diluted through future stock offerings or options and warrant exercises. For all of the reasons setforth above, investors should not place undue reliance on forward-looking statements.

Other than any obligation to disclose material information under applicable securities laws or otherwise as may be required by law,the Corporation undertakes no obligation to revise or update any forward-looking statements after the date hereof.

© POET Technologies Inc. | PUBLIC 33© POET Technologies Inc. | PUBLIC

OTCQX (United States) – POETFTSX Venture (Canada) – PTK

Corporate HQ (Incorporated in Ontario)Toronto, Canada

Admin, Design, Dev and LabAllentown, PA

Design, Fabrication and TestingChangi Road, Singapore

POET Technologies, Inc.A Photonics Design & Development Company

256202

Employees

Patents

TechnologyPlatforms

Indium Phosphide (InP) POET designed Lasers, Photo Detectors and Modulators manufactured by sub-contractors

Optical Interposer PlatformPassive Waveguides enabling wafer-level integration of photonics and electronic devices into Silicon01 Operating

SubsidiaryPOET Technologies Pte Ltd

Singapore

© POET Technologies Inc. | PUBLIC 44© POET Technologies Inc. | OTCQX: POETF | PUBLIC

Recent Accomplishments

• The POET Optical Interposer™ is recognized as a potentially disruptive solution to key integration challenges in photonics, a key technology enabling global data communications.

• Demonstrated proof of concept with a major customer and are in discussions with them and others about designing POET solutions into commercial products.

• Strengthened our balance sheet and lowered our cash burn with the sale of our Singapore-based wafer fab for US$26M.

• Added 9 senior photonics execs and senior engineers to our post-divestiture core team of 16 in the past 3 months bringing our headcount to 25.

• Opened operations (office and labs) in Allentown, PA and Singapore.


Virtually all long-distance communication in the world is carried

by global fiber optic networks

With few exceptions, all data transmission, both inside the data center and from the “cloud” to the metro area is also via fiber optic networks

Optics Dominate Global Data Communications


What essential device makes this communication possible?

The Optical Transceiver

The Optical Engine

Optical engines convert digital electronic signals into light waves and back again at both ends of global fiber-optic networks

especially

Optical Engines - an Essential Component


POET Optical Engine for Datacom Transceivers

POET Optical Engine

Inside Transceiver

Module

Packaged Transceiver

Data Center Switch


Examples of Facebook Data Center Investments

Facebook Data Center in Fort Worth, TXFacebook Data Centers in 2018

Source: Facebook


The Market for Optical Transceivers in Mega Data Centers

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

$ b

illi

on

s

Ethernet Revenues

Enterprise Telecom Cloud2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

Revenues

10 GbE 100GbE 200GbE 400 GbE

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

Shipments10 GbE 100GbE 200GbE 400 GbE

POET Opportunity #1 400G

• Data Center investments in Ethernet are large (~$4B) and growing rapidly

• Represents the best near-term target market for Optical Engines from POET

• Market is under extreme price pressure so technologies that reduce costs are highly valued

POET Opportunity #2100G

• 400G Transceivers are still in design phase, so customers are open to new approaches

• 100G Transceivers are still growing but are under extreme price pressure.

• POET can reduce cost of some transceivers by 25% or more, and provide a path to next generation 400G

Source: LightCounting – does not allow reproduction of specific forecasts


The POET Optical Interposer™ Platform

Optical Layer

Electrical Layer

Electrical Die 1 Electrical Die 2

Optical Die 1

Optical Die 2

Waveguides

What makes the POET Optical Interposer Platform so unique?

• Low-loss, single mode passive waveguides with unique properties that facilitate device integration on any size silicon wafer - adaptable to a wide range of devices

• Total CMOS compatibility for exploiting true wafer-scale assembly, test and packaging - driving down complexity and cost

• An elegant design and assembly scheme that provides maximum flexibility and unparalleled scalability that can span multiple product generations and applications

- a novel, patented approach to device integration at wafer-level that addresses the high cost and complexity of integrating electronic and photonic devices

Solder

Pads

Metal

Interconnect

Micro-

mirrors

Fiducial

MarksWave

guides

Facets

Pedestals

Facets


ControllerDriver

CDR or DSPDC-DC

Converters

uC TIACDR or DSP

CWDM4 Transceiver

Conventional Optical Engines

Die bondingWire bondingChip on Carrier attach

Lens PlacementLens Alignment

Mux AttachMPD Placement

Fiber Alignment

Conventional Approach Cost Drivers:

Many points of failure that can lower yield and increase cost

Consumable materials such as solder, silver paste and UV epoxies are needed

Active alignment of lasers to waveguide is required

Expensive CAPEX investment is needed to scale production

Multiple Points for Failure!

- built one at a time (currently approximately 60% units produced)


POET Optical Engines

ControllerDriver

CDR or DSPDC-DC

Converters

uC

POET OE

Tx/Rx Engine

TIACDR or DSP

CWDM4 Transceiver

Fiber Alignment

In contrast to Conventional approaches, the POET approach:

Reduces number of yield points (fewer failures)

Eliminates active alignment of the laser to waveguide (huge savings)

Eliminates the need for many incidental materials, including consumables

Minimizes expensive alignment equipment for scaling production

Utilizes a known good OE die to increase final yield and lower cost

Many Fewer Points For Failure!

Using Known-Good Optical

Engines

- built 500 at a time AND replacing multiple components


Critical Technology Elements in a POET Optical Engine

Interposer Passive Devices Active DevicesAssembly and

BackendOptical Engine

Architecture & Process Control

FiltersLasers (CW and

25G DML)Mechanical (Sheer

Stress)Laser Coupling

Facets Power TapsDetectors (25G

and 56G)Electrical Reflections

Upturn Mirrors Spot Size Converters Modulators Thermal PIN PD Integration

Electrical Interconnections

ECL Gratings Monitor PDs Alignment Accuracy Laser Burn-In

Eutectic Solder Strategy

Resistors/Capacitors Hermetic Capping Wafer-Level Test

Fiber Attach Unit


Moving from Proof of Concept to Design-in and Qualification

Process/ Tools

• Process development complete• Prototype production flow in validation

Quad PIN Detector

• Component reliability completed through 5000 hours testing• Performance for 400Gbps achieved on second learning cycle since priority shift to 400G

Optical Interposer

• Process development for base modules complete• Platform expansion development (vertical mirrors, hermetic seal, external cavity) initiated

Packaging & Assembly

• Multi Die Assembly optimization for cost improvement

Dielectric Filters and Waveguides

• Mux and DeMux designs meeting 400G FR4 bandwidth and cross talk requirements • Industry first wafer-level integration compatible FR4 DeMux

Lasers • 25G Directly Modulated Lasers sampled• Distributed Feedback Lasers with Spot Size Converter demonstrated and entering final optimization

phase for Interposer assembly

Modulators • Completed 100G and 400G modulator designs – in validation • First results show good performance


30mm

Optical Engines (TOSA and ROSA) Control Electronics

POET

Eliminating Components and Miniaturizing the Optical Engine

Replacing the Receive (ROSA) and Transmit

(TOSA) modules

With a single POET Optical Engine

10mm


Eliminating a Step in the Optical Value Chain

POET Optical EngineIntegration of devices into a single platform

Enables LowCost Model

LasersModulators

Photodetectors Drivers, TIAs Mux/Demux

DSPs

LumentumInphiSEDIBroadcomMitsubishiMACOM SemtechMax Linear

Photonics Devices & ICs

TOSAROSA

TROSA

IntelInnolightFinisarLumentum

Optical Packaging

PCBTest

Mechanical Thermal

Firmware/Software

Modules & Systems

DeltaCiscoMolexHuaweiBroadcom Arista

Cloud Data CentersEnterprise Data

Centers

AWSMicrosoftFacebookAlibabaGoogleTencent

Data Centers

First Stage Interposer Assembly

Known Good Devices

Wafer-Level Laser Burn-in

Second Stage InterposerAssembly

Wafer-Level Optical Engine Test

Optional Capping

Back-end Processing

First Stage Interposer Assembly targeted at Laser Burn-in and includes Lasers and MPD for monitoring

Simultaneous burn-in of all lasers on a interposer wafer

Second Stage Interposer Assembly (OE Completion), Should include: Quad PIN, Other Active Devices

OE to be tested at wafer scale. Features include: Cross-Connect pairs of OE; Loop-back for self test, and Up-turning mirrors as optical test points for topside testing

POET Optical Interposer Platform – One Investment, Multiple Products

DML1271nmDML1291nmDML1311nmDML1331nm

AWGMux

Quad Receiver

AWGDMux

100G CWDM

• Fabricate One InterposerDesign

• App Laser Attached Process

• Burn-In Lasers

• Perform Wafer Level OE Testing

17© POET Technologies Inc. | OTCQX: POETF | PUBLIC


Known Good Devices


Second Stage InterposerAssembly


Optional Capping

Back-end Processing







AWGMux

Quad Receiver

AWGDMux

100G CWDM

• Fabricate One InterposerDesign

• Apply Laser Attached Process

PAM4

Encoding

• Create Modulation Format to Create 200G OE

• Nothing Else Need Change

• Reuse All Manufacturing Processes

AWGMux

Quad Receiver

AWGDMux

200G CWDM

17


© POET Technologies Inc. | OTCQX: POETF | PUBLIC



Known Good Devices


Second Stage Interposer Assembly


Optional Capping

Back-end Processing






DML1271nm

DML1291nm

DML1311nmDML1331nm

AWGMux

QuadReceiver

AWGDMux

100G CWDM

• Fabricate One Interposer Design

• Apply Laser Attached Process

• Burn-In Lasers

• Perform Wafer Level OE Testing

PAM

4 En

codi

ng

• Change Modulation Format to Create 200G OE

• Nothing Else Need Change

• Reuse All Manufacturing Processes

DML1271nm

DML1291nm

DML1311nmDML1331nm

AWGMux

QuadReceiver

AWGDMux

200G CWDM

CW

Las

er +

Si M

od

for 4

00/8

00G

OE

AWGMux

QuadReceiver

AWGDMux

400G/800G

EML / CW+Mod1271nm

EML / CW + Mod1291nm



POET Optical Interposer – A Disruptive PlatformTechnology

CMOS Compatible Waveguide Passives

Low Loss ; SingleMode waveguides

O band and Cband

External Cavity Lasers

Low cost; HighScalability

Vertical Mirrors Wafer level test and

characterization

Compatibility to top entry Optical devices

InP Known Good Die Passive

Assembly

Compatible with different types of InP

active devices

Wafer Level Hermetic Seal

Expands applicationsto Telecom and5G

Si Photonics Compatibility

Compatible for use withSi Photonics Modulators





O band and Cband




characterization



Assembly


active devices






O Band

100G




O band and Cband




characterization



Assembly


active devices





© POET Technologies Inc. | OTCQX: POETF | PUBLIC 18

400G

O Band




O band and Cband




characterization



Assembly


active devices






5G

O Band




O band and Cband




characterization



Assembly


active devices






PON

C Band




O band and Cband




characterization



Assembly


active devices





C Band


LIDAR




O band and Cband




characterization



Assembly


active devices





100G400G5GPONLIDAR

O Band

On Chip





O band and Cband




characterization



Assembly


active devices





1000800

600400

2000

$ BI

LLIO

NS(U

SD)

TOTAL SEMICONDUCTOR VS. PHOTONICS MARKETS

2017 2018 2019 2020 2021 2022 2023 2024

Photonics Semiconductor

POET’s Optical Interposer PlatformUnlocks Tremendous Market Potential



POET Executing on Growth Strategy• Focus on Optical Interposer-based

solutions• Demonstrate device performance

with existing key strategic customers• Expect NRE Revenue in 2020• Win orders for production quantities

in datacom in 2020-21• Expand co-development to other

applications• Telecom• Co-packaged Optics

ACQUIRED DENSELIGHT

AND BB PHOTONICS

OPTICAL INTERPOSER PLATFORM

STRATEGIC DESIGN WINS FOR OPTICAL

ENGINES

ORDERS FOR PRODUCTION

DEVICES

2017

2022

2021

2020

2019InP DEVICEPORTFOLIO

FORDATACOM

2016

NRE REVENUE AND DEVICE

QUALIFICATION

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