Polight ASA

Regulatory Filings • Apr 4, 2023

poLight ASA - LLVISION confirm releasing enterprise Augmented Reality glasses using TLens®

poLight ASA - LLVISION confirm releasing enterprise Augmented Reality glasses using TLens®

Horten, 4 April 2023 - poLight ASA (OSE: PLT) today announced that the company

has received confirmation that LLVISION is using TLens® autofocus solution in

their latest enterprise Augmented Reality (AR) glasses Leion Pro and is now

released for mass production. The target market for the glasses is enterprise

markets such as manufacturing, aviation, healthcare, education, financial

service and energy industry.

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

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

TLens® is being used and considered by several important AR market players in

their autofocus cameras. Although each enterprise AR case currently represents

small volumes, it will over time increase and eventually become a consumer AR

market with high volumes will follows suit. Establishing a strong position in

the early stage of deployment is key for future success of the company, "- said

Dr. Øyvind Isaksen, CEO of poLight ASA.

"TLens® has millisecond-level response time, which can provide fast auto

focusing and remote video streaming experience for AR devices that need to move

quickly, also allowing AI recognition results to be more accurate and quickly

displayed on AR near-eye screens. Also, the low power consumption while used in

continues autofocus mode or fixed focus is key for us. So far, we have delivered

the glasses to customers such as TBEA (an advanced energy devices manufacturer),

SANY Group (a construction machine manufacturer), Southern Airlines (an airline

company), and Agile8 (an AR solution company for healthcare in Australia). In

the future, we seek to strengthen cooperation with poLight and strive for

breakthroughs in cutting-edge technology research such as near-eye display

optical engine system and resizing resolution display system," - said Allan

Liang, co-founder of LLVISION.

Further information from:

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

About LLVISION

LLVISON is the pioneer and leader in AR enterprise service, having the mission

to revolutionize the world with First Perspective Interactions. Focus is to

provide advance AI+AR services to enterprise customers, making the communication

between human, machine and data more intuitive. In the past few years, LLVISION

has been concentrated in delivering advanced and high-quality solutions to

industry customers, this not only helped LLVISION to gain trust and respect, but

also created many breakthroughs. For instance: China´s first surgery

broadcasting with smart glasses, China´s first enterprise remote supervising

solution, the world´s first smart glasses solution for power sectors, etc.

Currently, LLVISION´s solutions are widely used in the field of smart

manufacturing, aviation, healthcare, education, financial service and

entertainment, etc., they help enterprise users to accomplish digital

transformation with safer procedures, lower cost and upgraded services.

Recently, LLVISION has also released a new generation of smart AR glasses "Leion

Hey", which serve as AR smart assistants to help people communicate face-to-face

and solve communication problems. In 2022, it was awarded the Netexplo "Top Ten

Global Science and Technology Innovation Awards" by UNESCO. For more

information, please visit https://www.llvision.com

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

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