TLDR
- POET surged over 24% in premarket trading Thursday after announcing a supply deal with Lumilens.
- Lumilens placed an initial $50M purchase order for POET’s Electrical-Optical Interposer (EOI) engines.
- The deal could reach $500M in cumulative purchases over five years.
- POET granted Lumilens a warrant to buy up to 22.92 million common shares at $8.25 per share, exercisable over nine years.
- Engineering samples are expected later in 2026, with production ramp targeting hyperscaler deployments in 2027.
POET Technologies (POET) jumped more than 24% in premarket trading on Thursday after announcing a multi-year supply and development agreement with Lumilens Inc.
The deal centers on POET’s Electrical-Optical Interposer (EOI) technology — a wafer-level approach to building optical engines for AI data center networks.
Lumilens kicked things off with an initial $50 million purchase order for EOI-based engines. That first order is just the opening bid — the agreement sets a framework for cumulative purchases that could top $500 million over five years.
The partnership isn’t just commercial. It’s also a joint development arrangement. The two companies plan to co-develop the EOI platform, combining POET’s wafer-level photonic integration with Lumilens’ optical chipsets and manufacturing capabilities.
The goal is to replace traditional active-alignment manufacturing with wafer-scale processing — essentially bringing semiconductor-style precision to optical engine production.
What the Warrant Deal Looks Like
Alongside the supply agreement, POET granted Lumilens a warrant to purchase up to 22,921,408 common shares at $8.25 per share.
About 2.29 million of those shares are immediately exercisable. The rest vest in tranches tied to how much Lumilens spends on future purchase orders — up to that $500 million ceiling.
The warrant runs for nine years, giving Lumilens a long runway to exercise it as the commercial relationship scales.
Lumilens CEO Ankur Singla pointed to GPU interconnects as the key bottleneck for scaling AI infrastructure, saying the partnership is designed to address that constraint at the optical layer.
POET Chairman and CEO Dr. Suresh Venkatesan framed the deal as proof of concept for POET’s manufacturing approach — bringing “semiconductor-style discipline” to optical engines at scale.
What Comes Next
The joint development roadmap spans multiple product generations, starting with 800G and 1.6T pluggable transceivers before moving to Near-Package Optics and Co-Packaged Optics.
Engineering samples from the joint program are expected in late 2026. Production ramp, targeting hyperscaler customers, is planned for 2027.
That timeline is contingent on successful development and qualification of the modules, as well as scaling of manufacturing capacity — standard caveats for any early-stage hardware program.
POET was trading up roughly 16% in Thursday morning trading, pulling back from the premarket surge but still holding a strong gain on the session.
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