Polight ASA

Regulatory Filings • Aug 16, 2022

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

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

Horten, 16 August 2022 - poLight ASA (OSE: PLT) today announced that the company

has received a follow-on mass production purchase order related to an Augmented

Reality (AR) product. The design-win and first mass production purchase order

was announced on 1st December 2021.

The value of this purchase order is approximately NOK 1.2 million and is

expected to be fully delivered during 2022. Customer's AR product market launch

is planned to be in 2022.

"The AR market is advancing through an important phase, and we expect to see

several companies releasing new AR head-worn products in the coming years.

TLens is being considered by several important AR market players. In addition to

the already announced design-win, we are engaged in five design-ins and five

ongoing Proof-of-Concepts in the AR space. Additional design-wins could be

achieved before the year is over", said Dr. Øyvind Isaksen, CEO of poLight ASA.

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 employees in Finland, France, UK,

US China and Taiwan. For more information, please visit https://www.polight.com