Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

Artificial Intelligence

POET Technologies Announces “At-the-Market” Public Offering in the United States and Canada

Published

11 months ago

on

TORONTO, June 29, 2023 (GLOBE NEWSWIRE) — POET Technologies Inc. (“POET” or the “Company”) (TSXV: PTK; NASDAQ: POET) is pleased to announce that it has entered into an equity distribution agreement dated June 29, 2023 (the “Equity Distribution Agreement“) with Craig-Hallum Capital Group LLC (“Craig-Hallum“) and Cormark Securities Inc. (the “Cormark“, and together with the Craig-Hallum, the “Agents“) as agents, pursuant to which the Company has established an at-the-market equity offering program (the “ATM Program“).

Pursuant to the ATM Program, the Company may, at its discretion and from time-to-time during the term of the ATM Agreement, issue and sell, through the Agents, such number of common shares of the Company (“Common Shares“) as would result in aggregate gross proceeds to the Company of up to US$30 million. Sales of Common Shares, if any, through the Agents will be made through “at-the-market” issuances, including without limitation, sales made directly on the Nasdaq Stock Market in the United States and the TSX Venture Exchange in Canada at the market price prevailing at the time of each sale. The Equity Distribution Agreement will terminate upon the earlier of (i) June 29, 2024, and (ii) the issuance and sale of all of the Common Shares under the ATM Program, unless terminated earlier, with notice, by the Company at any time and by an Agent as to itself at any time.

The Company intends to use the net proceeds from the ATM Program, if any, for general working capital purposes related to research and development of its optical engines for transceivers and light source modules for the AI market, capital asset purchases and selling and general and administrative expenses. Since the Common Shares will be distributed at market prices prevailing at the time of the sale, prices may vary between purchasers and during the period of distribution. The volume and timing of sales, if any, will be determined at the sole discretion of the Company’s management and in accordance with the terms of the Equity Distribution Agreement.

The offer and sale of the Common Shares under the ATM Program will be made by means of a prospectus supplement dated June 29, 2023 (the “Prospectus Supplement“) to the Company’s existing short form base shelf prospectus dated June 30, 2021 (the “Base Shelf Prospectus” and, together with the Prospectus Supplement, the “Prospectus“) and U.S. registration statement on Form F-10 (the “Registration Statement“), which includes the Base Shelf Prospectus. The Registration Statement was declared effective by the United States Securities and Exchange Commission (the “SEC“) on July 7, 2021. The Prospectus Supplement has been filed with the applicable securities regulatory authorities in each of the provinces and territories of Canada and the SEC.

Prospective investors should read in its entirety the Prospectus and the other documents incorporated by reference therein for more complete information about the Company and the offering, including the proposed use of proceeds of the offering, before making any investment decision. Copies of the Prospectus will be available on SEDAR at www.sedar.com, and a copy of the Registration Statement, the Prospectus and the Prospectus Supplement can be found on EDGAR at www.sec.gov. Copies of the Prospectus may also be obtained by contacting Craig-Hallum Capital Group LLC, Attention: Equity Capital Markets, 222 South 9th Street, Suite 350, Minneapolis, Minnesota 55402, by telephone at (612) 334-6300, or by email at [email protected].

This news release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these Common Shares in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification, or an exemption from registration or qualification, under the securities laws of any such jurisdiction.

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 chip using advanced wafer-level semiconductor manufacturing techniques and packaging methods. POET’s Optical Interposer eliminates costly components and labor-intensive assembly, alignment, 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.

Forward-Looking Statements
This press 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 an outlook. Such information and statements include the Company’s anticipated use of the net proceeds of the ATM Program (if any).

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, the Company’s ability to complete the offering in the manner described, or at all, the receipt of all required regulatory approvals with respect to the offering, management’s expectations regarding the success of the Company’s announced products, the timing of completion of its development efforts, the successful implementation of its optical engine or light source products, the success of its customer’s products, the capabilities of its operations, including its joint venture, the Company’s ability to correctly gauge market needs and to produce products in the required amounts and on a timely basis. Actual results could differ materially due to a number of factors, including, without limitation, delays or changes of plan with respect to the securities offering described herein, termination of the offering in accordance with its terms, the dilutive effects of the offering, market conditions, the failure of the Company’s products to meet performance requirements, the failure to produce products on a timely basis or at all, the failure of the Company’s optical engine or light source products to be incorporated into its customer’s products, the failure of its customer’s products to achieve market penetration, operational risks including the ability to attract key personnel, and the Company’s ability to raise additional capital if necessary. 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 information and statements because the Company can provide no assurance that such expectations will prove to be correct. Forward-looking information and statements contained in this press release are as of the date of this press release and the Company assumes no obligation to update or revise this forward-looking information and statements except as required by law.

Contacts:

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

 

Related Topics:

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Continue Reading

Artificial Intelligence

Department of Health – Abu Dhabi partners with MBZUAI and Core42 to launch Global AI Healthcare Academy

Published

26 mins ago

on

May 13, 2024

By

department-of-health-–-abu-dhabi-partners-with-mbzuai-and-core42-to-launch-global-ai-healthcare-academy

ABU DHABI, UAE, May 13, 2024 /PRNewswire/ — The Department of Health – Abu Dhabi (DoH), the regulator of the healthcare sector in the Emirate, signed a Memorandum of Understanding (MoU) with Mohamed bin Zayed University of Artificial Intelligence (MBZUAI), the leading AI research-based academic institution located in Abu Dhabi, and Core42, a G42 company offering AI solutions, during Abu Dhabi Global Healthcare Week (ADGHW). This MoU will launch the global AI Healthcare Academy to the health workforce. The MoU was signed by Dr. Rashed Obaid Al Suwaidi, Executive Director of Healthcare Workforce Planning Sector at DoH, Sultan Al Hajji, Vice President of Public Affairs and Alumni Relations at MBZUAI and Talal Al Kaissi, Executive Vice President, Chief Product and Global Partnership Officer at Core42.

 
 
Reinforcing Abu Dhabi’s position as a leading destination for healthcare and life sciences, the partnership seeks to establish a framework of collaboration to strengthen the Emirate’s position at the forefront of technology-enabled and data-driven healthcare systems. The new AI Healthcare Academy will help to build a global AI-trained workforce, which is capable of advancing diagnostic and operational efficiency, significantly improving patient care, and streamlining healthcare processes around the world.
Sultan Al Hajji, Vice President of Public Affairs and Alumni Relations at MBZUAI, said: “Healthcare is a key research pillar for MBZUAI, because we recognise the transformative and life-saving potential of AI across a wide range of diagnostic and treatment areas. In addition to our recent effort in establishing the Institute of Digital Public Health, we are proud to partner with The Department of Health – Abu Dhabi in launching the new AI Healthcare Academy. MBZUAI will provide the Academy our world-class faculty to facilitate AI workshops and training to upskill the healthcare workforce in support of the UAE leadership’s vision to become a global hub for AI and a centre for life sciences.”
Through leveraging advanced technologies and harnessing the power of AI, DoH seeks to upskill the health workforce, enhance local practices and contribute to broader medical research and treatment modalities worldwide. By embracing AI-driven technologies, healthcare professionals can stay at the forefront of innovation, fostering collaboration and knowledge exchange on a global scale.
By collaborating with MBZUAI through its Institute of Digital Public Health, the Academy will encompass ground-breaking research. These efforts will encourage public-private partnerships, fostering collaboration to secure ample funding and ensure ongoing sustainability, setting the academy for long-term success and supporting responsible and impactful innovation.
Under the patronage of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council, Abu Dhabi Global Healthcare Week (ADGHW) is a major government initiative from DoH, taking place between 13 and 15 May 2024.
For more information please visit: https://www.adghw.com/
About Department of Health – Abu Dhabi (DoH):
The DoH is the regulatory body of the healthcare sector at the Emirate of Abu Dhabi and ensures excellence in healthcare by monitoring the health status of the population. DoH defines the strategy for the health system, monitors and analyses the health status of the population and performance of the system. In addition, DoH shapes the regulatory framework for the health system, inspects against regulations, enforce standards, and encourages adoption of world-class best practices and performance targets by all healthcare service providers in the Emirate. DoH also drives programmes to increase awareness and adoption of healthy living standards among the residents of the Emirate of Abu Dhabi in addition to regulating scope of services, premiums and reimbursement rates of the health system.
For further information on DoH, visit https://www.doh.gov.ae/ and follow on X, Instagram, Facebook, LinkedIn and YouTube.
About Mohamed bin Zayed University of Artificial Intelligence (MBZUAI)
MBZUAI is a graduate, research university focused on artificial intelligence, computer science, and digital technologies across industrial sectors. The university aims to empower students, businesses, and governments to advance artificial intelligence as a global force for positive progress. MBZUAI offers various graduate programs designed to pursue advanced, specialized knowledge and skills in artificial intelligence, including computer science, computer vision, machine learning, natural language processing, and robotics. For more information, please visit www.mbzuai.ac.ae.
Photo – https://mma.prnewswire.com/media/2411164/The_Department_of_Health_Abu_Dhabi.jpg

View original content:https://www.prnewswire.co.uk/news-releases/department-of-health–abu-dhabi-partners-with-mbzuai-and-core42-to-launch-global-ai-healthcare-academy-302143723.html

Continue Reading

Artificial Intelligence

Vantiva Ships Over 125 Million Open-Source RDK Devices Globally

Published

26 mins ago

on

May 13, 2024

By

vantiva-ships-over-125-million-open-source-rdk-devices-globally

Milestone includes RDK-Broadband and RDK-Video devices shipped to Network Service Providers across the world
PARIS, May 13, 2024 /PRNewswire/ — Vantiva (Euronext Paris: VANTI), a global technology leader enabling Network Service Providers (NSPs) to connect consumers worldwide, today announced that it has shipped more than 125 million RDK-based customer premise equipment (CPE) products since 2012, strengthening its market share as of 2024. RDK is a fully modular, portable and customizable open-source software solution that standardizes core functions used in video, broadband and Internet of Things (IoT) devices. Vantiva has been an active member of the RDK community since its inception, providing RDK solutions across IP, Hybrid and Quadrature Amplitude Modulation devices. In 2014, Vantiva contributed software that helped enable RDK to expand its applicability to broadband devices, meeting the demand of operators worldwide for greater technical commonality among suppliers.

 
“Vantiva has played a vital role in helping RDK become a driving force for innovation across broadband and video globally,” said Jason Briggs, President and General Manager of RDK. “Network Service Providers understand the benefits RDK provides in terms of versatility and software commonality, and the importance of having a proven CPE partner, like Vantiva, who can help them deliver at scale. We look forward to continuing to collaborate with Vantiva to extend the reach of RDK for many years to come.”  
RDK-Broadband (RDK-B) is an open platform for broadband devices that provides customers with an industry-leading standard of technology facilitating efficiencies in development cycles through collaborative industry contributions that drive lean business results. Operators can efficiently introduce a wider array of enhanced offerings, like parental controls or cybersecurity, while maintaining complete control over design, development, deployment and data management. RDK-Video (RDK-V) provides developers and operators with a unified software stack for set-top boxes (STBs) and home gateways across a broad range of complex video and management functions, including rendering, content, device management and networking.
“RDK has grown exponentially thanks to the leadership of RDK Management and to the more than 600 companies that contribute to the RDK community,” said Leopold Diouf, Senior Vice President of the product division at Vantiva. “By leveraging RDK as a platform, Vantiva delivers innovative software solutions to a globally diverse range of NSPs and multiple access technologies – DOCSIS, fiber and fixed wireless access. This approach provides our clients with the latest software advancements efficiently and effectively, empowering them to focus their efforts on new services that drive their businesses forward.”
All of Vantiva’s DOCSIS gateways ship with RDK-B as the default software stack. Vantiva’s RDK-V STBs are deployed with leading NSPs across the globe. 
Achieving more than 125 million RDK devices shipped is the latest strategic milestone in Vantiva’s ongoing commitment to providing open and innovative technologies for customers and operators around the world. Vantiva’s goal is to bring seamless connectivity and premium entertainment experiences to consumers by creating best-in-class CPE and partnering with the most innovative companies in the connected home ecosystem. 
ContactsVantiva Press Relations     [email protected]   
Thatcher+Co. for [email protected] 
PDF – https://mma.prnewswire.com/media/2411130/RDK_Milestone.pdfLogo – https://mma.prnewswire.com/media/2388773/Vantiva_Logo.jpg

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/vantiva-ships-over-125-million-open-source-rdk-devices-globally-302143682.html

Continue Reading

Artificial Intelligence

Ambient Intelligence Market Size to Grow USD 185.5 Billion by 2032 at a CAGR of 25.7% | Valuates Reports

Published

26 mins ago

on

May 13, 2024

By

ambient-intelligence-market-size-to-grow-usd-1855-billion-by-2032-at-a-cagr-of-25.7%-|-valuates-reports

BANGALORE, India, May 13, 2024 /PRNewswire/ — Ambient Intelligence Market is Segmented By Component (Hardware, Software, Service), By Technology (Bluetooth Low Energy, RFID, Ambient Light Sensor, Software Agents, Affective Computing, Biometrics, Others), By End User (Residential, Retail, Healthcare, Office Building, Automotive, Others).

The Global Ambient Intelligence Market was valued at USD 19.2 Billion in 2022, and is projected to reach USD 185.5 Billion by 2032, growing at a CAGR of 25.7% from 2023 to 2032.
Get Free Sample: https://reports.valuates.com/request/sample/ALLI-Auto-4W582/Ambient_Intelligence_Market
Major Factors Driving the Growth of Ambient Intelligence Market:
The market for ambient intelligence is expanding rapidly thanks to a number of important considerations. The need for ambient intelligence solutions is primarily being driven by the growing integration of smart technology into common things, together with improvements in IoT (Internet of Things) and AI (Artificial Intelligence). Market expansion is further accelerated by the growing global adoption of smart home and smart city projects. Furthermore, the adoption of ambient intelligence systems is fueled by the increasing need for individualized user experiences and seamless connection across a variety of industries, including healthcare, retail, and automotive. Together, these elements are fueling the market for ambient intelligence, which is expected to revolutionize how humans interact with our surroundings.
View Full Report: https://reports.valuates.com/market-reports/ALLI-Auto-4W582/ambient-intelligence 
TRENDS INFLUENCING THE GROWTH OF THE GLOBAL AMBIENT INTELLIGENCE MARKET: 
By redefining patient care and experience, ambient intelligence hardware combined with affective computing technology in the healthcare sector is driving the growth of the ambient intelligence market. With the use of affective computing, medical professionals may monitor mental health issues, gauge patient moods, and customize treatment regimens by analyzing physiological signs such as voice tonality and facial expressions. Hardware with ambient intelligence, including sensors and smart devices integrated into medical settings, makes data collecting and interpretation easier and improves patient involvement and professional decision-making. Affective computing and ambient intelligence together enhance healthcare outcomes and stimulate the market by encouraging creativity and efficiency in the provision of healthcare services.
The market for ambient intelligence is expanding due to the growing need for smart home automation solutions. By adding smart technologies that automate chores and adjust to their needs, homeowners want to improve comfort, convenience, and energy efficiency in their houses. Voice-activated assistants, lighting control systems, and smart thermostats are a few examples of ambient intelligence technologies that provide seamless automation and connection, spurring market growth and acceptance in the smart home space.
Ambient intelligence solutions are becoming more and more popular because of the need for individualized user experiences in a variety of industries, such as retail, healthcare, and entertainment. Ambient intelligence systems anticipate user wants, preferences, and behaviors by utilizing data analytics, machine learning, and context-aware computing. This allows them to provide customized experiences that increase user pleasure and engagement. This customized strategy increases market growth by cultivating brand distinction and consumer loyalty in addition to enhancing user experiences. The aging population and the rise in chronic illness rates have made ambient assisted living technologies more important, which has fueled the healthcare industry’s growth in the ambient intelligence market.
The market is expanding as a result of rising consumer adoption of ambient intelligence technologies and their advantages in everyday life. Customers are more likely to embrace ambient intelligence solutions in other areas of their lives when they see the efficiency, convenience, and personalization that these solutions provide in a variety of domains, such wearables, smart homes, and linked autos. Additionally, as smart gadgets and digital assistants proliferate, customers become more acquainted with ambient intelligence principles, which facilitates wider acceptance and market growth.
Buy Now: https://reports.valuates.com/api/directpaytoken?rcode=ALLI-Auto-4W582&lic=single-user
AMBIENT INTELLIGENCE MARKET SHARE:
Due to a variety of factors, including the early adoption of modern technologies, the presence of several important companies in the ambient intelligence vendor market, and the significant digitization of different industries in the area, North America held the biggest market share for ambient intelligence in 2022.
Purchase Regional Report: https://reports.valuates.com/request/regional/ALLI-Auto-4W582/Ambient_Intelligence_Market
Key Companies:
Siemens AGHoneywell International IncBioIntelliSenseAccel RoboticsABB GroupJohnson ControlsNuance Communications, Inc.INFOSYS LIMITEDSchneider ElectricEyeris Technologies, Inc.Purchase Chapters: https://reports.valuates.com/request/chaptercost/ALLI-Auto-4W582/Ambient_Intelligence_Market
SUBSCRIPTION
We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.
DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!
–  Ambient intelligence (AmI) Technology Market
–  Automotive Ambient Lighting Sales Market
–  Ambient Air Quality Monitoring Stations Market
–  Ambient Energy Harvesting Market
–  LED Automotive Ambient Light market was valued at USD 2724.3 Million in 2022 and is anticipated to reach USD 4262.6 Million by 2029, witnessing a CAGR of 6.8% during the forecast period 2023-2029.
–  In-cabin Smart Ambient Lighting market was valued at USD 332 Million in 2023 and is anticipated to reach USD 720 Million by 2030, witnessing a CAGR of 12.3% during the forecast period 2024-2030.
–  Location-based Ambient Intelligence Market
–  Ambient Light and Proximity Sensor Modules Market
–  Household Smart Ambient Light Market
–  Ambient Light Flexible Optical Fiber Market
–  Ambient Intelligence in Internet of Things Market
–  Ambient & High-temp Prober Market
–  Handheld Ambient Light Meters market was valued at USD 209 Million in 2023 and is anticipated to reach USD 314.2 Million by 2030, witnessing a CAGR of 6.0% during the forecast period 2024-2030.
–  OEM LED Automotive Ambient Light market is projected to reach USD 3347.3 Million in 2029, increasing from USD 2166 Million in 2022, with a CAGR of 6.5% during the period of 2023 to 2029.
–  Automotive Interior Ambient Lighting Systems Market
–  Car Interior Ambient Light Market
–  Ambient Temperature Detection Sensor Marke
–  Ambient VOC Analyzer Market
–  Ambient Temperature Gel Permeation Chromatography market size is expected to reach USD 162.8 Million by 2029, growing at a CAGR of 5.4% from 2023 to 2029.
–  Ambient Light, IR, UV Sensors Market
–  Low Ambient Temperature Air Source Heat Pump Unit Market
–  Air Quality Monitoring Instruments Market
–  Digital Painting & Drawing Software Market
–  Electric Vaporizers Market
–  Wearable Cooling Devices Market
DISCOVER OUR VISION: VISIT ABOUT US!
Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.
Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that’s why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.
To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.
YOUR FEEDBACK MATTERS: REACH OUT TO US!Valuates [email protected] U.S. Toll-Free Call 1-(315)-215-3225WhatsApp: +91-9945648335Website: https://reports.valuates.comBlog: https://valuatestrends.blogspot.com/YouTube: https://www.youtube.com/watch?v=C4dv-wCqSN8&feature=youtu.bePinterest: https://in.pinterest.com/valuatesreports/Twitter: https://twitter.com/valuatesreportsFacebook: https://www.facebook.com/valuatesreports/https://www.facebook.com/valuateskorean https://www.facebook.com/valuatesspanish https://www.facebook.com/valuatesjapanese https://valuatesreportspanish.blogspot.com/ https://valuateskorean.blogspot.com/ https://valuatesgerman.blogspot.com/ https://valuatesreportjapanese.blogspot.com/
Logo: https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg
 

View original content:https://www.prnewswire.co.uk/news-releases/ambient-intelligence-market-size-to-grow-usd-185-5-billion-by-2032-at-a-cagr-of-25-7–valuates-reports-302143663.html

Continue Reading

Trending