Polight ASA — Earnings Release 2018

Feb 15, 2019

poLight ASA - Increased interest and activity related to TLens® technology

poLight ASA - Increased interest and activity related to TLens® technology

KEY EVENTS

*             Smart-phone activity driven by requirements for autofocus (AF) in

front-facing camera and   interest for high-frame-rate video cameras to support

expected 5G driven applications

*             Current Chinese OEM screen-size focus poses challenges for

implementing AF solutions in front camera

*             Increased interest from barcode and AR segments

*             Growing interest from new market segments requiring small high

-quality cameras

Horten, 15 February 2019 - poLight ASA (OSE: PLT) today announced its results

for the fourth quarter of 2018. Revenue of NOK 0.5 million in the quarter was

related to delivery of TLens® samples and Evaluation Kits to potential

customers. The group operating loss was NOK 15.7 million, compared with an

operating loss of NOK 20.0 million in the fourth quarter of 2017. The main

explanation for reduced operating loss was lower external R&D expenses.

poLight has experienced increased interest for its TLens technology through 2018

from several industries including the mobile phone sector, barcode segment, AR

and for new applications such as smart watches. In the fourth quarter the

company delivered five evaluation kits, and as of year-end poLight had delivered

3,765 units of TLens for the full year, compared to 1,700 in 2017.

The increased market activity and interest for TLens products support increased

confidence in commercialisation of poLight's technology.

"Our pipeline of potential customers represents a wide range of sectors relying

on high-quality cameras with autofocus. It strengthened further in the fourth

quarter and provided additional opportunities for securing our first design win

and commercial proof-of-concept."

Q4 report and presentation

Please find the report and presentation for Q4 2018 enclosed.

Presentation and webcast

CEO Øyvind Isaksen and CFO Alf Henning Bekkevik will present the company's

results today at 08:30 am CET at Felix Conference Center, Bryggetorget 3, Aker

Brygge, in Oslo, Norway.

The presentation and supporting material will be given in English. The

presentation can also be followed through live webcast.

Please join the Q4 2018 results webcast by clicking here:

http://webtv.hegnar.no/presentation.php?webcastId=97603209

A recorded version of the webcast will be made available on www.polight.com

shortly after the broadcast has been concluded.

Further information from:

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

Alf Henning Bekkevik, CFO, poLight ASA: +47 91 63 05 14

About poLight ASA

poLight has developed a new autofocus lens which "replicates" the human eye for

use in mobile devices and other applications with integrated cameras. poLight's

TLens® is ready for introduction in the smartphone camera module market,

offering considerable benefits such as extremely fast focus, compact xy

-dimension (i.e. 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