Polight ASA — M&A Activity 2020

Sep 9, 2020

poLight ASA - signed MoU and received purchase order to make a prototype of a new version of TLens

poLight ASA - signed MoU and received purchase order to make a prototype of a new version of TLens

Horten, 9 September 2020 - poLight ASA (OSE: PLT) today announced that the

company has signed an Memorandum of Understanding (MoU) and received a purchase

order to develop a prototype of a new version of the TLens from an unnamed

camera module supplier. Depending on the result of the prototype and the party's

strategic consideration, the aim is to release a new version of the TLens having

a bigger aperture and hence fitting bigger sensor formats and new applications,

primarily for the smartphone market.

The purchase order is worth NOK 1,3 million.

"This represent a unique opportunity for poLight to extend its offering together

with a customer having strong interest to launch new innovate solutions for the

smartphone market", says CEO Øyvind Isaksen.

Further information from:

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

About poLight ASA

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

in devices such as smartphones, wearables, barcode, 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 offices in Finland, France and

China and representation in Taiwan and Korea. For more information, please

visit https://www.polight.com