POET engages Globetronics for photonics sub-contract manufacturing

POET Technologies, the Toronto designer and developer of the POET Optical Interposer, Photonic Integrated Circuits (PICs) and light sources,  has engaged Globetronics Manufacturing Sdn Bhd (GMSB) to manufacture optical engines in Penang, Malaysia.

GMSB will assemble and test Optical Engines for POET based on designs made by POET.

A suite of wafer-level process equipment recently purchased by POET is being installed at the GMSB facility in Penang.

The agreement is to last for three years.  POET and GMSB have prepared an initial project plan and statement of work for the installation and start-up of the consigned tools, the costs for which will be absorbed by POET.

POET will submit purchase orders under the Optical Engine Purchase Agreement, with pricing to be based on specific optical engine types.

Globetronics  has allocated $1.7 million for additional capital expenditures in connection with manufacturing optical engines for POET over the 2025-2027 period.