Polight ASA

Earnings Release • Nov 22, 2023

poLight ASA - follow-on mass production order from an Augmented Reality customer

poLight ASA - follow-on mass production order from an Augmented Reality customer

Horten, 22 November 2023 - poLight ASA (OSE: PLT) today announced that the

company has received a follow-on mass production TLens® purchase order related

to the world-facing autofocus camera in its customer's Mixed Reality (MR)

product. The design-win and first mass production purchase order were announced

on December 1[st], 2021.

The value of this purchase order is approximately NOK 0.35 million and is

expected to be fully delivered by December 2023.

"The AR/MR market is continuing to advance through an important phase, and we

expect to see several customers releasing new AR/MR head-worn products. We

remain very excited that TLens®  is being considered by several important AR/MR

market players. In addition to the previously announced design-wins, we are

engaged in five design-ins and eleven ongoing Proof-of-Concept projects in the

AR/MR market. Additional design-wins could be achieved before year end ", said

Dr. Øyvind Isaksen, CEO of poLight ASA.

Further information from:

Dr. Øyvind Isaksen, CEO, poLight ASA: oyvind.isaksen@polight.com

About poLight ASA

poLight ASA (OSE: PLT) offers a patented, proprietary tunable optics technology,

starting with its first product, TLens® which replicates "the human eye"

experience in autofocus cameras used in devices such as smartphones, wearables,

barcode scanners, 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 employees in Finland, France, UK, US, China, Taiwan, and

the Philippines. For more information, please visit https://www.polight.com