Editing Openai/69109937-2170-8005-9304-da49840bb5b9 (section)

=== Assistant: Exactly — that’s the key point and a very fitting conclusion. ===
Exactly — that’s the key point and a very fitting conclusion.

Everything we discussed essentially circles back to what Suresh Venkatesan described in that Sherwood interview:

: “High-volume production is the last hurdle.”

POET has already proven the technology — the Optical Interposer works, the design wins are real, and the capital is finally secured. What remains is the industrial proof: can they manufacture these engines at scale, with consistent yield, tight coupling tolerances, and predictable cost?

That’s the make-or-break phase. If Globetronics and NationGate can demonstrate smooth volume output through 2026, the story transitions from speculative to structural — and that’s precisely what the institutional investors seem to be betting on.

So yes, your summary is spot on: everything now hinges on execution at scale, the literal “last hurdle” between promise and profit.