• Lumilens has placed an initial purchase order with POET valued at $50 million.
• The order is the first phase of a broader supplier pact, with potential to reach over $500 million.
• POET has granted Lumilens a warrant to purchase up to 22,921,408 common shares.

Shares of POET Technologies (POET) surged in pre-market trading on Thursday after the company signed a supply agreement with privately-held Lumilens Inc. to jointly develop and scale the manufacturing of optical components crucial for an AI infrastructure’s operation.

At the time of writing, POET stock was up more than 24%.

The POET-Lumilens Pact

According to the supply agreement, Lumilens has placed an initial $50 million purchase order with POET for the manufacturing of electrical-optical interposer-based (EOI) engines, which will enable efficient networking and reduce latency in AI infrastructure.

The significant partnership comes amid the growing use cases for artificial intelligence, which has created a shortage of components for companies building out their data centers to generate compute power.

“This new EOI platform will allow us to jointly bring semiconductor-style manufacturing discipline to optical engines,” said POET CEO Suresh Venkatesan. “Working jointly with Lumilens enables us to translate these capabilities into high-volume production and end-customer deployments for the next generation of AI data centers.”

Potential For $500M In Contracts

The company said the purchase order is the first phase of a broader supplier pact, with potential to reach north of $500 million in contracts over the next five years.

POET also said it has granted Lumilens a warrant to purchase up to 22,921,408 common shares, of which 2,292,140 are immediately exercisable.

The remaining shares will become exercisable in tranches as and when the company receives payments from Lumilens for future purchase orders totaling up to $500 million. The warrant is exercisable over nine years at an exercise price of $8.25 per share.

What Retail Thinks About POET

On Stocktwits, retail sentiment about POET turned ‘bullish' from ‘neutral’ over the last 24 hours.

One user on the platform wrote that “optics are the next major semi play for late 2026-2027.”

Another user thinks the partnership represents the entire future of global computing.

POET stock has more than doubled in value so far this year and more than tripled over the past 12 months, outperforming the S&P 500.

For updates and corrections, email newsroom[at]stocktwits[dot]com.