POET Technologies Recaps Highlights of CEO’s Update on Commercial Activities and Provides Results of 2026 AGM

TORONTO, Ju e 30, 2026 (GLOBE NEWSWIRE) — POET Tech ologies I c. (“POET” o the “Compa y”) (NASDAQ: POET), the desig e a d develope of Photo ic I teg ated Ci cuits (PICs), light sou ces a d optical modules fo the AI a d data ce te ma kets, today epo ted the voti g esults of its A ual Ge e al Meeti g (the “AGM”), which was held vi tually o F iday, Ju e 26, 2026, a d ecapped highlights f om the p ese tatio give by Chai ma & CEO D . Su esh Ve katesa .

I his a ual update to sha eholde s a d a alysts, D . Ve katesa delive ed a obust epo t that pu ctuated the Compa y’s ece t adva ceme ts i comme cial activities a d ma ufactu i g delive ables.

Key highlights of the p ese tatio i cluded:

• A eite atio that the Compa y’s p oductio amp is cu e tly o schedule a d expected to begi i the seco d half of 2026 with volume shipme ts of optical e gi es to custome s.
• POET a ticipates expa di g capacity to meet dema d of up to 1 millio u its pe mo th by the e d of 2027. This ep ese ts a mo e tha 10x i c ease f om cu e t p oductio capacity.
• Afte aisi g $830 millio i equity capital i the past 12 mo ths — with the pote tial to aise, if exe cised, up to a additio al $661 millio th ough wa a ts — the Compa y pla s a i itial deployme t of app oximately $50 millio fo the pu chase of capital equipme t i the seco d half of 2026.
• The st e gth of the bala ce sheet facilitates POET’s effo ts to secu e supplies of c itical compo e ts th ough lo g-te m st ategic pa t e ships with key supplie s, pote tially i c easi g its ability to fulfill o de s a d eut alizi g the th eat posed by c itical sho tages of some mate ials.
• POET Blaza ™, the Compa y’s cutti g-edge hyb id lase fo its exte al light sou ce p oduct desig ed to powe high-ba dwidth data commu icatio s i a tificial i tellige ce (AI) etwo ks a d hype scale data ce te s, is cu e tly o schedule fo expected deployme t at scale i 2028.
• The Compa y has mo e tha 10 active custome e gageme ts that combi ed a e expected to exceed $100 millio i futu e a ual eve ue. These e gageme ts i clude the ece tly a ou ced ag eeme t with Lumile s, a p eviously-a ou ced p oductio o de fo 800G optical e gi es a d a sig ifica t NRE ag eeme t fo Exte al Light Sou ce (ELS) applicatio s f om a ew custome .
• The Compa y i te ds to add app oximately 50 mo e staff to its global wo kfo ce of 115 withi the ext few mo ths.   

D . Ve katesa ’s full video p ese tatio , i cludi g the Q&A segme t that followed his ema ks, ca be accessed th ough the Compa y’s website at: https://poet-tech ologies.com/videos. The p ese tatio slides alo e ca be fou d o the “Sha eholde s Meeti g (AGM)” page of the I vesto s sectio of the website: https://www.poet-tech ologies.com/i vesto s.

P io to the CEO’s update, the Compa y’s Se io VP, Fi a ce a d Admi ist atio , Kevi Ba es, delive ed customa y i t oductio s a d the call to o de , a d POET’s Chai ma of the Compe satio Committee, Gle Riley, co ducted the fo mal busi ess of the Meeti g, which i cluded the app oval of all p oposals outli ed i the Compa y’s ma ageme t i fo matio ci cula a d voti g mate ial as p eviously dist ibuted to sha eholde s.

AGM Voti g Results Summa yA detailed Repo t o Voti g Results of the AGM follows. I summa y, the sha eholde s of the Compa y app oved the followi g p oposals:

• Re-electio of Su esh Ve katesa , Jea -Louis Mali ge, The esa La E de, Gle Riley, Sohail Kha a d Robe t “Bob” Ti va as di ecto s, with o di ecto eceivi g less tha 94.35% of the votes cast;
• Appoi tme t of Davidso & Compa y LLP as the Compa y’s audito s by 97% of the votes cast;

Detailed Repo t of AGM Voti g ResultsI acco da ce with sectio 11.3 of Natio al I st ume t 51-102 – Co ti uous Disclosu e Obligatio s, this epo t b iefly desc ibes the matte s voted upo a d the outcome of the votes at the a ual ge e al meeti g of sha eholde s of POET Tech ologies I c. (the “Compa y“) held vi tually via the MEETNOW.GLOBAL platfo m o Ju e 26, 2026 (the “Meeti g“). Each of the matte s is desc ibed i g eate detail i the Compa y’s ma ageme t i fo matio ci cula dated May 1, 2026 (the “Ci cula “).

1.     Electio of Di ecto s.

Each of the omi ees set fo i the Ci cula we e elected as di ecto s to se ve u til the ext a ual meeti g of sha eholde s, o u til thei espective successo s a e elected o appoi ted. The followi g table sets fo th the vote of the sha eholde s at the Meeti g with espect to the electio of di ecto s:

2.     Appoi tme t of Davidso & Compa y LLP.

The Compa y’s sha eholde s app oved the appoi tme t of Davidso & Compa y LLP as audito s of the Compa y to hold office u til the close of the ext a ual meeti g of sha eholde s of the Compa y at such emu e atio as may be fixed by the di ecto s of the Compa y. The followi g table sets fo th the vote of the sha eholde s at the Meeti g with espect to the appoi tme t of Davidso & Compa y LLP:

The Compa y had 172,590,000 issued a d outsta di g sha es at the time of the meeti g.

Rest icted Stock U its (“RSUs”)Followi g the AGM, the POET Boa d of Di ecto s met to elect office s a d to dete mi e RSU g a ts fo di ecto s. Fo thei se vice o the Boa d of Di ecto s u til the ext A ual Ge e al Meeti g, the five i depe de t di ecto s we e g a ted a total of 79,450 RSUs, which will vest o the fi st a ive sa y of the g a t. The cash po tio of each di ecto ’s compe satio is paid ove fou qua te s. Both a e paid i acco da ce with a established fo mula fo di ecto compe satio . The RSUs we e g a ted subject to p ovisio s of the Compa y’s 2025 Om ibus I ce tive Pla a d a e subject to the NASDAQ Excha ge policies a d applicable secu ities laws. Fo fu the details o the Compa y’s sha e capital, efe to the Compa y’s Fi a cial Stateme ts a d MD&A fo the th ee-mo ths e ded Ma ch 31, 2026, which may be fou d o SEDAR+ a d EDGAR.

About POET Tech ologies I c.POET is a desig a d developme t compa y offe i g high-speed optical e gi es, light sou ce p oducts a d custom optical modules to the a tificial i tellige ce systems ma ket a d to hype scale data ce te s. POET’s photo ic i teg atio solutio s a e based o the POET Optical I te pose ™, a ovel, pate ted platfo m that allows the seamless i teg atio of elect o ic a d photo ic devices i to a si gle chip usi g adva ced wafe -level semico ducto ma ufactu i g tech iques. POET’s Optical I te pose -based p oducts a e lowe cost, co sume less powe tha compa able p oducts, a e smalle i size a d a e eadily scalable to high p oductio volumes. I additio to p ovidi g high-speed (800G, 1.6T a d above) optical e gi es a d optical modules fo AI cluste s a d hype scale data ce te s, POET has desig ed a d p oduced ovel light sou ce p oducts fo chip-to-chip data commu icatio withi a d betwee AI se ve s, the ext f o tie fo solvi g ba dwidth a d late cy p oblems i AI systems. POET’s Optical I te pose platfo m also solves device i teg atio challe ges ac oss a b oad a ge of commu icatio , computi g a d se si g applicatio s. POET is headqua te ed i To o to, Ca ada, with ope atio s i Si gapo e, Pe a g, Malaysia a d She zhe , Chi a. Mo e i fo matio about POET is available o ou website at www.poet-tech ologies.com.

Cautio a y Note Rega di g Fo wa d-Looki g I fo matio This ews elease co tai s “fo wa d-looki g i fo matio ” (withi the mea i g of applicable Ca adia secu ities laws) a d “fo wa d-looki g stateme ts” (withi the mea i g of the U.S. P ivate Secu ities Litigatio Refo m Act of 1995). Such stateme ts o i fo matio a e ide tified with wo ds such as “a ticipate”, “believe”, “expect”, “pla “, “i te d”, “pote tial”, “estimate”, “p opose”, “p oject”, “outlook”, “fo esee” o simila wo ds suggesti g futu e outcomes o stateme ts ega di g a y pote tial outcome. Such stateme ts i clude, without limitatio , the Compa y’s expectatio s with espect to its ability to adva ce custome a d p ospective custome elatio ships, its i te tio s to amp p oductio , its deployme t of capital, its ability to secu e supply chai pa t e ships, to i c eases sales, ec uit ew staff, a d the Compa y’s ability ove all to adva ce its busi ess objectives. Such fo wa d-looki g i fo matio o stateme ts a e based o a umbe of isks, u ce tai ties a d assumptio s which may cause actual esults o othe expectatio s to diffe mate ially f om those a ticipated a d which may p ove to be i co ect. Actual esults could diffe mate ially due to a umbe of facto s, i cludi g, without limitatio , pote tial cha ges i the Compa y’s capital eeds, cha ges i the tech ological o mac oeco omic e vi o me t that esults i dema d fo the Compa ies p oducts bei g less tha expected, cha ges i p oductio equi eme ts, i ability to sou ce a d i stall capital equipme t, i ability to fi d a d ec uit ew staff o to qualify a d delive its p oducts o time, a d isks that the Compa y will ot be able to ide tify o co summate suitable acquisitio s a d/o pa t e ships a d isks elati g to the i teg atio a d success of a y acquisitio s a d/o pa t e ships that a e co summated.  

Fo fu the i fo matio co ce i g these a d othe isks a d u ce tai ties, efe to the Compa y’s fili gs o SEDAR+ at www.seda plus.ca a d with the U.S. Secu ities a d Excha ge Commissio at www.sec.gov. P ospective i vesto s i the Compa y’s secu ities should ot place u due elia ce o fo wa d-looki g stateme ts because the Compa y ca p ovide o assu a ce that such expectatio s will p ove to be co ect. Fo wa d-looki g i fo matio a d stateme ts co tai ed i this ews elease a e as of the date of this ews elease a d the Compa y assumes o obligatio to update o evise the fo wa d-looki g i fo matio a d stateme ts except as equi ed by applicable secu ities laws.

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