Exhibit 99.1
FORM 51-102F3
MATERIAL CHANGE REPORT
ITEM 1. NAME AND ADDRESS OF COMPANY
POET Technologies Inc. (the “Company”)
121 Richmond Street West, Suite 501
Toronto, Ontario M5H 2K1
ITEM 2. DATE OF MATERIAL CHANGE
September 2, 2014.
ITEM 3. NEWS RELEASE
Two News Releases were issued on September 2, 2014 (copies attached).
ITEM 4. SUMMARY OF MATERIAL CHANGE
The Company announced a collaboration with Synopsys, Inc. to develop an advanced model and first Process Design Kit (PDK) of POET’s electrical devices (PET) targeting the 40-nm technology node widely used for highly integrated systems-on-chip (SoC). Through this collaboration, the Company will use Synopsys’ TCAD toolset and services to continue to develop the PET and POET PDKs. The PET PDK milestone (MS-12) focuses on devices requiring only the electronic subset of the POET devices and processes. Synopsys will provide expertise and services to the POET team, enabling the Company to expedite the design process (see Schedule “A”).
The Company also announced an agreement with a “3rd party foundry” to reproduce and enhance repeatability of the 100-nm scale results obtained at the Company’s lab. The “3rd party foundry” will also assist shrinking the 100-nm PET devices and process to a 40-nm feature size (see Schedule “B”).
Management of the Company now believes that: (a) it has the right collaboration in place with Synopsys and its “3rd party foundry” to model its technology down to 40-nm and correlate its process to real physical device measurements; (b) this should provide the results needed to showcase POET technology to potential customers at the optimum node for the POET platform, (c) synergistic benefits may be expected from having parallel operations with the same end target.
Please refer to the cautionary notes relating to the forward-looking information contained in the news releases.
ITEM 5. FULL DESCRIPTION OF MATERIAL CHANGE
See attached news releases in Schedules “A” and “B”.
ITEM 6. RELIANCE ON SUBSECTION 7.1(2) OR (3) OF NATIONAL INSTRUMENT 51-102
Not applicable
ITEM 7. OMITTED INFORMATION
No information has been omitted on the basis that it is confidential information.
ITEM 8. EXECUTIVE OFFICER
Contact: | Michel J. Lafrance, Secretary |
Telephone: | (416) 368-9411 |
ITEM 9. DATE OF REPORT
Dated at Toronto, Ontario this 2nd day of September, 2014.
SCHEDULE “A”
SCHEDULE “B”