POET engaged to develop custom Optical Engine

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

  • Sunday, 2nd February 2025 Posted 7 months ago in by Phil Alsop

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."

Netwrix announces two senior channel leadership appointments, positioning itself for growth in data and identity security.
SentinelOne partners with Pax8 to offer Managed AI Defense, delivering high-grade cybersecurity to SMBs. Simplified licensing and tailored solutions...
Thrive introduces Managed AI for mid-market clients, offering strategy and security for effective AI adoption.
Mercedes-AMG PETRONAS F1 Team partners with SAP for a digital overhaul, embracing ERP solutions in anticipation of the 2026 financial regulations in...
Exclusive Networks collaborates with Jamf to empower channel partners in the UK and Ireland, enhancing Apple device security and integration.
Westcon-Comstor partners with 1Password to enhance distribution in EMEA, focusing on channel growth and identity security solutions.
Cloudsmith extends enterprise-grade governance to machine learning models and datasets with its ML Model Registry.
Ricoh Europe's new Partner Programme aims to enhance collaboration and accelerate growth across EMEA, introducing a multi-level framework with...