Polight ASA

Environmental & Social Information • Aug 24, 2023

poLight ASA Confirms Positive Feedback for the Autofocus Performance of TLens® Selfie Camera on MEIZU 20 Infinity Smartphone

poLight ASA Confirms Positive Feedback for the Autofocus Performance of TLens® Selfie Camera on MEIZU 20 Infinity Smartphone

Proven Tunable Optics Technology Delivers Exceptional Image Quality

HORTEN, Norway - August 24, 2023 -- poLight

ASA (https://www.polight.com/home/default.aspx) (OSE: PLT) announced that the

company has confirmed the high performance of the front-facing autofocus selfie

camera enabled by TLens® on the MEIZU 20 Infinity smartphone, that clearly

demonstrates exceptional image quality replicating the human eye as reported

during the company's last quarterly earnings

presentation (https://www.polight.com/investors/news-and-events/News/news

-details/2023/poLight-ASA---continues-to-make-headway-in-important

-markets/default.aspx). The MEIZU 20 Infinity smartphone, which began shipping

in volume in June, features a 32MP camera leveraging the poLight TLens®,

providing instantaneous focus up to 10x faster than competing technologies. Its

sharp, fast, constant field of view functionality is ideal for continuous video

capture, All-In-Focus or Light Field Capture without additional image editing

software, setting the MEIZU 20 Infinity smartphone ahead of the competition as

consumers' desire for optimal selfie video and picture taking continues to grow.

During the product unveiling event in Shanghai, China, March 30, 2023, MEIZU's

executive highlighted the TLens® tunable optics technology as the driving force

behind the MEIZU 20 Infinity selfie camera functionality. "The most important

feature of the selfie camera is the user experience. This selfie camera has a

milli-second auto focus speed and no breathing effect, just like the human eye,

creating a much better user experience for selfies, video meetings or live

telecast applications."

Smartphones dominate photo capture, driven by selfies, Millennials and image

-based applications

According to Photutorial (https://photutorial.com/photos-statistics/), of the

1.72 trillion photos taken every year, 92.5 percent of all photos taken in 2023

will be captured by a smartphone, and one in every third will be a selfie.  By

region, the average United States citizen takes 20.2 photos per day, followed by

Asia-Pacific with 15 photos per day, Latin America with 11.8 photos per day, and

Europe with 4.9 photos per day. Demographically, 82

percent (https://www.statista.com/statistics/304861/us-adults-shared-selfie

-generation/) of U.S. adults aged 18-34 have taken a selfie and uploaded it to a

social media website. This age group is expected to take 25,000 selfies during

their lifetime, spending 38 hours each year taking those selfies according to a

Luster survey (https://www.owler.com/reports/luster-premium-white/luster-premium

-white-blog-staggering-stats-on-self/1484783041806) of 1,000 U.S. millennials.

Selfie imaging-based social media application platforms continue to dominate

social networks (https://www.statista.com/statistics/272014/global-social

-networks-ranked-by-number-of-users/) with seven out of the top 10 relying on

photos, with BeReal usage growing (https://www.businessofapps.com/data/bereal

-statistics/) 315 percent in 2022 and increasing to six million people accessing

the app daily in March 2023. Smartphones that excel in capturing selfies will

support this in-demand application.

Tunable optics technology drives innovation

poLight's TLens® offers the industry's smallest size and lowest power consuming

autofocus actuation with exceptional optical stability that is immune to

magnetic interference or gravity. Based on proven piezo MEMS and proprietary

polymer-based tunable optics technology, TLens® enables smartphone manufacturers

and camera module manufacturers to dramatically exceed current image capture

capabilities.

"We are excited to see MEIZU bring their milestone smartphone to market, and

proud to be a part of the selfie camera technology which is in high demand from

consumers around the world," said Dr. Øyvind Isaksen, CEO of poLight ASA. "We

anticipate demand for this type of imaging technology to grow as selfie imaging

-based social media applications continue to dominate consumer's smartphone

usage."

Further information from:

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

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