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POET to advance III-V plans with Stephane Gagnon

The new board member has over 20 years of experience in the semiconductor, telecommunication and processor industry
POET Technologies Inc. has appointed Stephane Gagnon to its Strategic Special Committee (SSC) Advisory Board.

The company is a developer of proprietary planar-optoelectronic III-V technology. The 'POET' platform is based on monolithic fabrication of integrated electronic and optical devices on a single semiconductor wafer.

Gagnon has over 20 years of experience in the semiconductor, telecommunication and processor industry. His most recent role was Senior Director of Product Management for Integrated Device Technology (IDT) where he drove business strategy for the RapidIO switching and IP product line.

His primary responsibilities included overall strategy and product marketing, in addition to business development and the management of international customers and partner relationships.

Gagnon became involved with the RapidIO Trade Association (RTA) Technical Working Group 13 years ago and has held the position of Chairman of the RTA Steering Committee for over 3 years.

Prior to his role at IDT and Tundra Semiconductor Corporation, which was acquired by IDT, Gagnon held positions at Motorola and Nortel Networks and holds a B.Sc, in Computer Engineering from Laval University.

Peter Copetti, Executive Director and Chairman of the SSC comments, “I am extremely pleased to welcome Stephane to my team. He is current in terms of industry relationships and has demonstrated the ability to drive new technology into the marketplace as he did in achieving 100 percent market share in the LTE Wireless Base station business at IDT with RapidIO. I believe he will add tremendous value.”

As an advisor to the SSC, Stephane Gagnon will be granted incentive stock options to purchase up to an aggregate of 300,000 common shares, representing 0.23 percent of the outstanding shares of the ompany. The stock options are exercisable at a price per share of CA$0.43 and expire on October 4th, 2018 based on the closing trading price on October 4th, 2013.

The options will vest and be exercisable on the basis of 25 percent on the date of grant and 25 percent every six months thereafter.

These options were granted subject to provisions of the company’s stock option plan which was approved by the disinterested shareholders of the company (excluding directors, senior officers and other insiders), and are subject to the TSX Venture Exchange policies and the applicable securities laws. There are currently 132,651,115 common shares of the company issued and outstanding and 22,552,750 options.

With its head office in Toronto, Ontario, Canada, and operations in Storrs, Connecticut, POET Technologies, through ODIS Inc., a US company, designs III-V semiconductor devices for military, industrial and commercial applications, including infrared sensor arrays and ultra-low-power random access memory.


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