Artificial Intelligence
POET Technologies Announces Design Win and Purchase Order from Leading Systems Company
TORONTO, Oct. 05, 2021 (GLOBE NEWSWIRE) — POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK; OTCQX: POETF), the designer and developer of the POET Optical Interposer™ and Photonic Integrated Circuits (PICs) for the data center and telecommunication markets, announced that it has secured a commitment from a leading network systems company for a unique multi-engine design for 100G CWDM4 and 100G LR4 Optical Engines based on the POET Optical Interposer. The combined value of the NRE and the purchase order for initial units exceeds US$1.2 million.
“We have been engaged with this customer for several months on a breakthrough design to incorporate multiple optical engines in a single industry standard transceiver module, something that only a POET Optical Interposer-based engine can enable,” noted Vivek Rajgarhia, President & General Manager of POET Technologies Inc. “The LR4 product is directed at the client side of major telecom networks, using rigorous standards for data communication between a transport network backbone to data centers and customer locations globally. Our customer is already selling into the well-established telecom equipment market, and with the POET Optical Engines, will be able to offer a solution to its customers that delivers superior performance at a price that cannot be matched today by competing solutions.”
In September 2020, the prominent forecasting firm LightCounting noted an increased demand for 100G LR4 transceiver modules with a 10km reach, reversing its previous revenue forecast of a flat $300 million annually to one that increased in the 2020 – 2025 period to over $700 million annually.
Rajgarhia continued: “Modules based on the POET Optical Engine can deliver the equivalent of 200G to 400G speeds using the established 100G technology that has met standards preferred by major telcos. Our small form factor, including monolithically integrated mux and demux, are unique to POET. In CWDM4, and especially in a LR4 optical engine, our full integration and small form factor yield strong performance and cost advantages. We believe that this customer engagement represents a major market opportunity and demonstrates all of the key benefits of the POET Optical Interposer platform.”
The commitment from a Tier 1 customer and the numerous other recent customer engagements show that a market is building for the Optical Interposer’s hybrid integration approach and multiple product designs can benefit from POET’s unique platform solution.
The Company also reported that its unaudited cash balance at September 30, 2021 stood at approximately US$20 million. Additionally, it reported that the majority of the C$0.52 warrants, expiring on November 2, 2021, had been exercised during their 5-year lifetime. Approximately 11 million warrants with a value of US$4.5 million remain outstanding and unexercised.
POET Annual General and Special Meeting
POET Technologies will hold its Annual General and Special Meeting virtually via the Lumi NA on-line platform at 1:00pm EDT on Thursday, October 7, 2021. Shareholders of the Company are invited to attend.
About POET Technologies Inc.
POET Technologies is a design and development company offering integration solutions based on the POET Optical Interposer™, a novel platform that allows the seamless integration of electronic and photonic devices into a single multi-chip module using advanced wafer-level semiconductor manufacturing techniques and packaging methods. POET’s Optical Interposer™ eliminates costly components and labor-intensive assembly, alignment, burn-in and testing methods employed in conventional photonics. The cost-efficient integration scheme and scalability of the POET Optical Interposer™ brings value to any device or system that integrates electronics and photonics, including some of the highest growth areas of computing, such as Artificial Intelligence (AI), the Internet of Things (IoT), autonomous vehicles and high-speed networking for cloud service providers and data centers. POET is headquartered in Toronto, with operations in Allentown, PA, Shenzhen, China and Singapore. More information may be obtained at www.poet-technologies.com.
This news release contains “forward-looking information” (within the meaning of applicable Canadian securities laws) and “forward-looking statements” (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “potential”, “estimate”, “propose”, “project”, “outlook”, “foresee” or similar words suggesting future outcomes or statements regarding any potential outcome. Such statements include the Company’s expectations with respect to the success of the Company’s product development efforts, the performance of its products, the expected results of its operations, meeting revenue targets, and the expectation of continued success in the financing efforts, the capability, functionality, performance and cost of the Company’s technology as well as the market acceptance, inclusion and timing of the Company’s technology in current and future products.
Such forward-looking information or statements are based on a number of risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Assumptions have been made regarding, among other things, management’s expectations regarding the success and timing for completion of its development efforts, financing activities, future growth, recruitment of personnel, opening of offices, the form and potential of its planned joint venture, plans for and completion of projects by the Company’s third-party consultants, contractors and partners, availability of capital, and the necessity to incur capital and other expenditures. Actual results could differ materially due to a number of factors, including, without limitation, the failure of its products to meet performance requirements, lack of sales in its products, once released, operational risks in the completion of the Company’s anticipated projects, a delay or abandonment of its planned joint venture, delays in recruitment for its newly opened operations or changes in plans with respect to the development of the Company’s anticipated projects by third-parties, risks affecting the Company’s ability to execute projects, the ability of the Company to generate sales for its products, the ability to attract key personnel, and the ability to raise additional capital. Although the Company believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in the Company’s securities should not place undue reliance on forward-looking statements because the Company can provide no assurance that such expectations will prove to be correct. Forward-looking information and statements contained in this news release are as of the date of this news release and the Company assumes no obligation to update or revise this forward-looking information and statements except as required by law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
120 Eglinton Avenue, East, Suite 1107, Toronto, ON, M4P 1E2- Tel: 416-368-9411 – Fax: 416-322-5075
Certification cements Altair’s commitment to global information security
TROY, Mich., May 15, 2024 /PRNewswire/ — Altair (Nasdaq: ALTR), a global leader in computational intelligence, has earned the ISO/IEC27001:2022 – an information security management system (ISMS) certification – externally audited against the frameworks set by the International Organization for Standardization (ISO) and International Electrotechnical Commission (IEC). The certification for the 2022 framework solidifies Altair’s status as an international leader in information security and solidifies its commitment to following the latest global information security frameworks.
“Altair’s focus on achieving global accreditation is unique even among the world’s most prominent technology organizations. Earning this certification is a monumental achievement and represents the culmination of years of hard work and investment from our global security teams,” said Jeff Marraccini, chief information security officer, Altair. “This is a massive step for Altair especially for our enterprise-level customers, where having ISMS certification is becoming more important. In a world where the security boundaries between client and vendor are blurring, an ISMS demonstrates Altair’s commitment to information security. This will open many new doors for us.”
According to the ISO, “Conformity with ISO/IEC 27001 means that an organization or business has put in place a system to manage risks related to the security of data owned or handled by the company, and that this system respects all the best practices and principles enshrined in this International Standard. An information security management system implemented according to this standard is a tool for risk management, cyber-resilience, and operational excellence.”
Holding this certification verifies that Altair complies with modern security requirements including web filtering, cloud security, threat intelligence, hybrid and remote work, and more. It also consists of the people, processes, and technology providing security controls supporting Altair’s business operations in software engineering, sales, technical support, human resources, and enterprise applications development.
About Altair
Altair is a global leader in computational intelligence that provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics, and AI. Altair enables organizations across all industries to compete more effectively and drive smarter decisions in an increasingly connected world – all while creating a greener, more sustainable future. To learn more, please visit www.altair.com.
Media contacts
Altair Corporate
Altair Investor Relations
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Artificial Intelligence
Digital Pharmaceutical Supply Chain Market 2024 Exclusive Report by InsightAce Analytic
JERSEY CITY, N.J., May 15, 2024 /PRNewswire/ — InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the “Global Digital Pharmaceutical Supply Chain Market Size, Share & Trends Analysis Report By Product (Software, Hardware), By Mode Of Delivery (Cloud-based, Web-based, and On -premises), By Software Modules (Software Modules Planning & Analytics, Procurement, Manufacturing, Logistics, and Inventory Management), Region, Market Outlook And Industry Analysis 2031”.
The Global Digital Pharmaceutical Supply Chain Management Market is estimated to reach over USD 1,865. 3 Mn by 2031, exhibiting a CAGR of 8.1% during the forecast period.
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In recent times, pharmaceutical companies have been exploring new approaches to meet the potential of novel therapies and gain a stronger competitive edge. The advent of data analytics solutions enables the shift from a reactive to a predictive supply chain, which has the potential to enhance the patient and caregiver experience.
The demands of the supply chain are moving, shifting from a narrow focus on drug production and delivery to a more adaptable supply chain that meets the requirements of various stakeholders, such as caregivers, patients, and insurance companies. AI-based solutions have revolutionized the pharmaceutical supply chain by providing practical insights that improve visibility, service quality, and the overall customer experience.
Fundamental advancements in artificial intelligence (AI) show the capacity to benefit the pharmaceutical industries greatly. Pharmaceutical firms can increase productivity, decrease expenses, and guarantee the accessibility of vital medications by implementing AI technologies. AI’s capability to analyze immense quantities of data and generate real-time forecasts enables it to assist in the optimization of a variety of supply chain processes, including demand forecasting and inventory management. Across the pharmaceutical supply chain, AI can increase dependability and efficiency by optimizing schedules, enhancing decision-making, and relieving supply chain employees of tedious manual labour in favour of more value-added responsibilities.
Government attempts to improve medical supplies, together with rising demand for operational efficiency and mobile solutions, are expected to boost digital pharmaceutical supply chain management market growth. The use of artificial intelligence and analytics, expanding demand for cloud-based solutions, and increased acceptance of process automation in pharmaceuticals are all expected to drive revenue-generating market development throughout the forecast period.
List of Prominent Players in the Digital Pharmaceutical Supply Chain Market:
McKesson CorporationMediceo CorporationPalantir Technologies, Inc.Jump Technologies, Inc.InterSystems CorporationTecsysOracleSAPInforTerso SolutionsCenTrak (HALMA plc)Biolog-idTraceLinkOther Prominent PlayersDigital Pharmaceutical Supply Chain Market Report Scope:
Report Attribute
Specifications
Market Size Value In 2023
USD 1,016.1 Mn
Revenue Forecast In 2031
USD 1,865.3 Mn
Growth Rate CAGR
CAGR of 8.1% from 2024 to 2031
Quantitative Units
Representation of revenue in US$ Bn and CAGR from 2024 to 2031
Historic Year
2019 to 2023
Forecast Year
2024-2031
Report Coverage
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends
Segments Covered
By Product And Mode of Delivery, Software Modules
Regional Scope
North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Country Scope
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; Southeast Asia; South Korea
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Market Dynamics:
Drivers-
The rising usage of cutting-edge technologies such as digital-twins technology in the supply chain business drives growth. Furthermore, these digital technologies assist logistics organizations in cutting costs. The e-commerce industry has grown significantly as the number of people purchasing online and using the Internet has increased. The growth of e-commerce needs the development of speedier and more efficient transportation services. Customers who shop online expect accurate orders, prompt shipment, and simple return policies. Companies are looking for solutions to decrease order transportation costs and lead times. E-commerce makes products visible, affordable, simple to use, quick to deliver, and easy to return. To fulfill this need, new models and technologies must be created to automate distribution routes, digitize logistics planning, and simplify material transportation. Moreover, introduction of AI-enabled e-commerce solutions is further expected to witness significant growth prospects during the forecast period.
Challenges:
The COVID-19 pandemic has accelerated the market’s growth due to the increasing digitalization trend. Because of the extensive use of online purchasing, companies in the food and beverage, manufacturing, and logistics industries must increase their investments in automation, particularly supply chain automation and digitalization. As a result, the digital supply chain benefits from increased market growth.
This outbreak has affected a large number of firms, making it more difficult for them to maintain their complex supply chains. This is expected to drive higher demand for digital supply chains.
Regional Trends:
The North America digital pharmaceutical supply chain management market is expected to have a considerable revenue share and develop swiftly in the near future. The regional market expansion is anticipated to grow most rapidly, owing to increased widespread adoption of digital technology and the deployment of various methods to improve pharmaceutical supply chain management. The integration of IoT, AI, and cloud technologies to support pharmaceutical product development, production, and distribution is contributing to market evolution.
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Recent Developments:
In April 2024, SourceDay formed a strategic relationship with Infor to improve the effectiveness of direct spending purchase order (PO)lifecycle management. The partnership’s focus will be to bridge the gap between ERPs and supplier networks, as well as to help joint clients manage direct material POs proactively and thoroughly from creation to receipt. As part of the partnership, the supply chain collaboration platform has become an Infor Certified Solution Partner, providing extensive, bi-directional technological integration across Infor’s Discrete Manufacturing and Distribution ERPs.In Oct 2023, InterSystems recently introduced eight new companies to its Startup Program. InterSystems provides support to these businesses, enabling them to effectively change the digital health environment by improving patient care and transforming the sector. The InterSystems Startup Program offers assistance, technical integration, resources, and funding to firms that rely on data in important sectors like healthcare, financial services, logistics, and manufacturing.In Oct 2022, Palantir Technologies Inc. and Concordance Healthcare Solutions LLC formed a partnership to create the first comprehensive medical supply chain ecosystem. This ecosystem will combine inventory and supply chain data from manufacturers, suppliers, distributors, and providers into a unified and up-to-date system. Problems such as product back orders and replacements, which formerly required a significant amount of time and effort from frontline staff, can now be resolved in a matter of minutes. In the end, this enhances the quality of patient treatment and lessens the workload on healthcare providers.In Feb 2022, Oracle announced the addition of new capabilities for logistics management to Oracle Fusion Cloud Supply Chain & Manufacturing (SCM). The enhancements to Oracle Fusion Cloud Transportation Management and Oracle Fusion Cloud Global Trade Management enable businesses to reduce costs and risk, enhance customer experience, and become more resilient to business disruptions.Segmentation of Digital Pharmaceutical Supply Chain Market-
By Product-
SoftwareHardwareServicesBy Delivery Insights-
Cloud-basedWeb-basedOn -premises segmentsBy Software Modules-
Planning & AnalyticsProcurementManufacturingLogisticsInventory ManagementBy Region-
North America-
The USCanadaMexicoEurope-
GermanyThe UKFranceItalySpainRest of EuropeAsia-Pacific-
ChinaJapanIndiaSouth KoreaSoutheast AsiaRest of Asia PacificLatin America-
BrazilArgentinaRest of Latin America Middle East & Africa-
GCC CountriesSouth AfricaRest of Middle East and AfricaFor More Customization @ https://www.insightaceanalytic.com/customisation/1911
Why should buy this report:
To receive a comprehensive analysis of the prospects for global Digital Pharmaceutical Supply Chain marketTo receive industry overview and future trends of global Digital Pharmaceutical Supply Chain marketTo analyze the Digital Pharmaceutical Supply Chain market drivers and challengesTo get information on the Digital Pharmaceutical Supply Chain market size value (US$ Mn) forecast till 2031Major Investments, Mergers & Acquisition in global Digital Pharmaceutical Supply Chain market industryOther Related Reports Published by InsightAce Analytic:
Digital Logistics Market
Pharma 4.0 Market
Digital Twins in Healthcare Market
Healthcare Cold Chain Logistics Market
AI in Medical Supplies/Inventory Management Market
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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Artificial Intelligence
India Drone Market worth $1,437 Million by 2029 – Exclusive Report by MarketsandMarkets™
CHICAGO, May 15, 2024 /PRNewswire/ — The India Drone Market is projected to grow from USD 654 Million in 2024 to USD 1,437 Million by 2029, at a CAGR of 17.0% during the forecast period according to a new report by MarketsandMarkets™. The Drone volume in the India Drone Market is projected to grow from 10,803 Units in 2024 to 61,393 Units by 2029. The India drone market is experiencing rapid growth, driven by increasing demand across various sectors, including agriculture, defense, and e-commerce. Supportive government policies and initiatives like the Drone Shakti scheme have further expanded the industry.
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Browse in-depth TOC on “India Drone Market”
147 – Tables84 – Figures280 – Pages
India Drone Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 654 Million
Estimated Value by 2029
$ 1,437 Million
Growth Rate
Poised to grow at a CAGR of 17.0%
Market Size Available for
2020–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By Platform, Point of Sale, Application, Systems and Industry
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Limited payload capacity
Key Market Opportunities
Rising use of drones in logistics industry
Key Market Drivers
Growing emphasis on precision farming
India Drone Market- By System
By system, the Platform systems segment is expected to lead the market. There’s a growing demand for drones across various sectors such as agriculture, defense, entertainment, and delivery services. Platform systems are the core components of drones, including the airframe, propulsion system, and avionics and software. Expanding these sectors could lead to higher investment in the development and procurement of drones, directly affecting the market size of platform systems.
India Drone Market- By Platform
The platform, Civil, and Commercial segments are expected to lead the market in volume (Units), but in market size (USD Million), the defense segment will lead the market. Civil and commercial usage, including agriculture, energy, and construction, shows a balanced spread, reflecting the technology’s cross-sectoral adoption. Small and tactical class drones are preferred for their versatility and lower operational costs, aligning with global trends towards more compact and efficient UAVs for both military and civilian uses. This market distribution underscores the strategic importance of drones in national defense, the growing commercial applications, and the potential for further expansion into various industries.
India Drone Market- By Industry
By Industry, the defense and Security segment was estimated to account for the largest share of the India drone market in 2024. The defense and security sector dominates the Indian drone industry due to its critical role in national security and the strategic advantages drones offer. With regional security challenges, the need for heightened surveillance and reconnaissance, and the delivery of payload to border areas, India has prioritized the adoption of drones for defense purposes. The government’s emphasis on self-reliance in defense technology further bolsters this sector’s market share, as drones become integral to modern military operations and border management, leading to significant investment in this technology.
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Major Service providers in the Indian drone companies are India-based drone manufacturing companies, such as Paras Aerospace (India), ideaforge Technology Ltd. (India), Throttle Aerospace Systems Pvt. Ltd. (India), Garuda Aerospace (India), Asteria Aerospace Limited (India), General Aeronautics (India), and Newspace Research Technologies Pvt. Ltd. (India), Iotechworld (India), Adani Defense and Aerospace (India), Tata Advanced Systems Limited (India), Thanos (India), Dhaksha Unmanned Systems (India), Marut Dronetech Private Limited (India), Hubblefly Technologies (India), Raphe (India) like more than 25 companies have been analyzed based on different parameters, including product portfolios, recent developments, business strategies, and organic and inorganic growth, among others.
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Browse Adjacent Market: Aerospace and Defence Market Research Reports & Consulting
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About MarketsandMarkets™
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