Polight ASA - Earnings Release 2019

poLight ASA - Update on smartphone project

Horten, 25 October 2019 - poLight ASA (OSE: PLT) has today been notified that a

smartphone project planning to use TLens® has been cancelled. The cancellation

of the project is due to external factors.

The smartphone project had progressed to Engineering Verification (EVT) phase

and was highlighted in the earnings report for the third quarter of 2019.

Further information from:

Øyvind Isaksen, CEO, poLight ASA: +47 90 87 63 98

About poLight ASA

poLight offers a new autofocus lens which "replicates" the human eye for use

in devices such as smartphones, wearables, barcode, machine vision systems and

various medical equipment. poLight's TLens® enables better system performance

and new user experiences due to benefits such as extremely fast focus, small

footprint, no magnetic interference, low power consumption and constant field of

view. poLight is based in Horten, Norway, with offices in Finland, France and

China and representation in Taiwan and Korea. For more information, please

visit https://www.polight.com

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