POET engaged to develop custom Optical Engine

Demonstrates versatility of Optical Interposer Platform and adds new revenue stream.

POET Technologies has signed an agreement to develop a novel optical engine for use in a high-frequency securities trading operation for a global capital markets firm. High-frequency trading (“HFT”) is a type of automated trading that uses powerful computers to execute a large number of trades in fractions of a second.

The multi-phase project is a pioneering effort to increase the speed and decrease the latency inherent in current transceiver solutions utilized by securities trading operations. The first phase of the project will begin immediately with POET designing prototypes of POET Optical Interposer–based transceiver engines built to meet the customer’s specification. Subsequent phases include building additional prototypes and, if successful, production optical engines customized for this application.

"We are delighted to have embarked on this ambitious project with a global leader in HFT," commented Raju Kankipati, Chief Revenue Officer of POET. "This project generates revenue for POET this year and demonstrates the versatility of the POET Optical Interposer and the entry into a new, related market space by the Company."

Syncro has introduced its new Network Discovery solution, a fully integrated tool that...
Hughes Network Systems announces the availability of Low Earth Orbit (LEO) satellite service.
Nokia deployment to support immediate roll-out of Australia’s first sovereign and sustainable...
Highlight has developed new AI-based capabilities for its award-winning SaaS cloud-based network...
Expansion of flagship HPE Aruba Networking Central network management solution addresses increasing...
Excel Networking Solutions a leading EMEA wide supplier of cabling solutions for the LAN enterprise...
Juniper Networks is working with Google Cloud to accelerate new enterprise campus and branch...
Nokia and leading network infrastructure provider Zayo Europe have successfully completed an...