Polight ASA

Earnings Release • Jun 4, 2024

poLight ASA - continues to build confidence in future positive development

poLight ASA - continues to build confidence in future positive development

KEY EVENTS in the quarter

· Action Prowave Technology confirmed release of two new barcode scanner

products using TLens®.

· PhenoSys released Turnkey Mini2P Systems with poLight ASA Tunable Optics.

· Thorlabs released an Optical Cage System Product with Integrated TLens® at

SPIE Photonics West 2024.

· poLight showcased Tunable Optics Technology at SPIE Photonics West 2024.

· At an Extraordinary General Meeting on 15 January 2024, Marianne Bøe (Head

of Investor Relations at IDEX Biometrics) and Jean-Christophe Eloy (CEO and

President of Yole) were elected as new board members, while Ann-Tove Kongsnes

(Investinor) stepped down.

Post Q1:

· Design Win with Vuzix Shield Industrial AR Smart Glasses

· Purchase Order Received for TWedge® Wobulator Evaluation Kits and Samples

from Major Consumer AR/MR Original Equipment Manufacturers (OEM) Customers.

· Wooptix announced a Wavefront Phase Camera, SEBI RT1000, using TLens®.

· Rights Issue resulted in approximately NOK 124 million in net proceeds to

the Company.

Horten, 4 June 2024 - poLight ASA (OSE: PLT) today announced its results for Q1

"We have achieved several important milestones in the quarter, building

confidence in future positive development. poLight is becoming increasingly well

-known and respected for our achievements to date. We have established key

references in all defined strategic market segments. Further initiatives to

strengthen our portfolio have been initiated.

We strongly believe we are on our way to 'Shaping the Tunable Optics Future!'.

Join us on 5 June for our Capital Market Day to see for yourself!" explains Dr

Øyvind Isaksen, CEO of poLight.

EBITDA totalled NOK -18.8 million in Q1 2024, compared with NOK -14.0 million in

Q1 2023.

As at 31 March 2024, poLight had cash and cash equivalents totalling NOK 95.3

million (pre share issue in 2024), compared with NOK 114.8 million as at 31

December 2023.

Q1 report and presentation

Please find the report and presentation for Q1 2024 enclosed.

poLight Q1 2024

report.pdf (https://mb.cision.com/Public/14821/3994470/985ec7ef3fd02b46.pdf)

poLight Q1 2024

presentation.pdf (https://mb.cision.com/Public/14821/3994470/9d50f26ad21a5dea.pdf

)

Presentation and webcast

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

results today at 09:00 CET at Hotel Continental, Stortingsgaten 24/26, in Oslo,

Norway. You can also watch the Q1 2024 results presentation through a live

webcast by clicking here:

https://channel.royalcast.com/landingpage/hegnarmedia/20240604_1/ (https://eur01.

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

ngpage%2Fhegnarmedia%2F20240604_1%2F&data=05%7C02%7Calf.henning.bekkevik%40poligh

t.com%7C703c4e17b973421958fe08dc547affe7%7Ccac0b87cc9e2402f9f9e3224b4036842%7C0%7

C0%7C638478134469899371%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luM

zIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=ShbBwDxQXgcSzze1%2Bg5pJndoxu

eYMamoAqNgnIGwBA8%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, please contact:

Dr 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 ASA (OSE: PLT) offers patented, state-of-the-art tunable optics

technology, leveraging its proprietary polymer and piezo MEMS technology.

Founded in 2005, its first product TLens® replicates "the human eye" experience

in autofocus cameras used in applications such as AR/MR devices, smartphones,

wearables, webcams and other consumer devices, industrial barcode scanners and

machine vision systems, and healthcare applications. With over 160 granted

patents, poLight's technology delivers extremely fast focus, small

footprint, ultra-low power consumption, no magnetic interference, and constant

field of view, enabling better imaging system performance and new user

experiences compared to alternative technologies.  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.