POET Technologies to acquire BB Photonics
POET Technologies, a developer of opto-electronics fabrication processes, has signed an agreement to acquire all the shares of BB Photonics, a private designer of photonic integrated circuits (PICs) for the datacommunications market.
BB Photonics, a pre-revenue, New Jersey-based privately held photonics company currently develops PICs using a Platform Technology approach using Embedded Dielectric Technology, that is intended to enable on-chip athermal wavelength control and lower the total solution cost of datacenter photonic integrated circuits.
This strategic acquisition of BB Photonics will provide POET with additional differentiated IP and know how for future product development at its facilities in Singapore recently acquired through the DenseLight transaction. Collectively this will enable POET to better service the end to end datacoms market and augment its sensing roadmap.
"The acquisition of BB Photonics helps bolster our intellectual property and know how in integrated photonic solutions and enables broad applications through its unique performance and cost capabilities. It is anticipated that these factors will allow us to expand, accelerate and complement our current roadmap", said Suresh Venkatesan, POET's CEO. "This is another synergistic and timely acquisition for us as we focus on providing our existing and future customers a broader range of differentiated photonics technologies."
"BB Photonics is excited to be part of POET Technologies and to enable athermal multi-wavelength photonic integration in high speed Indium Phosphide devices", said Bill Ring, CEO of BB Photonics. "We look forward to working closely with POET and DenseLight to bring our differentiated IP to market and deliver meaningful shareholder value".
