Polight ASA — Earnings Release 2020

Feb 19, 2021

poLight ASA - Progress continues in several market segments

poLight ASA - Progress continues in several market segments

KEY EVENTS

* poLight received a follow-up purchase order related to the Honeywell EX30

barcode scan engine.

* Feedback from Honeywell EX30 users has so far been positive.

* Generally good progress on customer cases - both in consumer and professional

markets.

* The visibility for smartphone market breakthrough has increased.

Horten, 19 February 2021 - poLight ASA (OSE: PLT) today announced its results

for fourth quarter of 2020.

During the quarter, poLight made progress in positioning TLens, and its

technology platform more generally, for augmented reality, smartphones,

accessories, industrial and medical use cases. There has been high interaction

with the smartphone ecosystem during the quarter, and progress has led to market

release discussions.

The announced barcode scan engine design-win is for the Honeywell EX30 product.

According to Honeywell's website: "The Extended FlexRangeT EX30 2D Scan Engine

for warehouse and distribution centre operations seamlessly reads barcodes from

a distance of 10 cm to 20 m using the latest technology for a fast auto-focus

mechanism." During the quarter, poLight received a follow-up order to establish

buffer stock.

EBITDA in the fourth quarter was NOK -10.0 million, compared with an EBITDA of

NOK -13.7 million in the fourth quarter of 2019.

Cash at 31 December 2020 came to NOK 77.2 million.

"poLight continues to make headway in several consumer and professional market

segments. It is impressive to see how our small and distributed organisation is

handling and maturing the various cases. Customer feedback has been positive,

and we are working very closely with several key market players. Interesting

times!", said Øyvind Isaksen, the CEO of poLight.

Q4 report and presentation

Please find the report and presentation for Q4 2020 enclosed.

poLight Q4 2020

report.pdf (https://mb.cision.com/Public/14821/3289976/aec9ace09d03d499.pdf)

poLight Q4 2020

presentation.pdf (https://mb.cision.com/Public/14821/3289976/863724d13f6215ac.pdf

)

Presentation and webcast

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

results today at 08:30 CET through live webcast. Please join the Q4 2020 results

webcast by clicking here:

https://channel.royalcast.com/landingpage/hegnarmedia/20210219_2/ (https://eur01.

safelinks.protection.outlook.com/?url=https%3A%2F%2Fchannel.royalcast.com%2Flandi

ngpage%2Fhegnarmedia%2F20210219_2%2F&data=04%7C01%7Calf.henning.bekkevik%40poligh

t.com%7Ceb281ae15ec74a6d6c6908d8cdc58bba%7Ccac0b87cc9e2402f9f9e3224b4036842%7C0%7

C0%7C637485595631237758%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luM

zIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=0bQoAdde1JsrvshUv6ADxIQAGHrxZbpuxV

V8XJPHOmI%3D&reserved=0)

The presentation and supporting material will be given in English.

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

in devices such as smartphones, wearables, barcode readers, machine vision

systems and various types of 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