Polight ASA

poLight ASA - purchase order received related to Mini2p application

Horten, 25 September poLight ASA (OSE: PLT) today announced that the company has

recently received a purchase order for stacked TLenses from a commercial company

planning to supply Mini2p solution to Research Labs worth in excess of NOK

1.000.000. Mini2P is an open-source miniature 2-photon microscope brain explorer

for fast high-resolution calcium imaging in freely-moving mice developed by

Kavli Institute for Systems Neuroscience at NTNU.

"TLens has been instrumental to achieve the performance of Mini2p system. The

speed and temperature stability of TLens is much better than any other tuneable

lens we have tested, implying we can achieve results we never have been able to

do before. This is very important for our research to understand the mechanism

of information coding in the brain. We have seen a lot of interest in our work

from many other research groups around the world. TLens will continue to be

important for our future solutions", says Dr. Weijian Zong

"After the Kavli Institute first started using TLens in Mini2P many research

groups around the world are doing the same. Now we see commercial players

preparing to supply such solutions. We have mainly seen this activity as

important brand building for us, but in sum this activity has so far represented

an accumulated value of approximately 5.5 million NOK, and hence starting to be

an important financial contributor. ", said Dr. Øyvind Isaksen, CEO of poLight

ASA.

The latest purchase order is expected to be delivered in Q4/2023.

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, ultra-low power consumption and constant field of view. poLight is

based in Horten, Norway, with employees in Finland, France, UK, US, China, and

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

About Kavli Institute for Systems Neuroscience

Kavli Institute for Systems Neuroscience at NTNU is a leading research institute

founded by Nobel Laureates May-Britt Moser and Edvard Moser in 1996 to

investigate the emergence of higher brain functions. The Kavli Institute is an

interdisciplinary village of experts with the common desire to understand how

complex information is encoded in high-level neural networks and how complex

behaviours arise from these codes and systems. The institute staff is organized

in eleven research groups covering a broad spectrum of neuroscience

research, please visit https://www.ntnu.edu/kavli

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