Light engine secures major order: POET wins $50 million procurement contract, stock surges over 20% pre-market
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On Thursday, Canadian photonic engine company POET Technologies reached a supply agreement with AI optical interconnect giant Lumilens, with Lumilens placing an initial photonic engine purchase order worth $50 million, marking the official commercialization phase of this wafer-level photonic integration technology focused on AI optical networks.
This purchase order targets