Polight ASA

Regulatory Filings • Mar 30, 2023

poLight ASA - It's OEM customer today announced a new flagship smartphone using TLens®

poLight ASA - It's OEM customer today announced a new flagship smartphone using TLens®

Horten, Norway, 30 March 2023 - poLight ASA (OSE: PLT) today announced that the

company has been informed that XINGJI MEIZU released 3 new smartphones named

MEIZU 20, MEIZU 20 PRO as well as MEIZU 20 INFINITY. The latter uses TLens® in

the high-performance compact selfie camera. This smartphone is described as a

technological work of art. This announcement is related to the earlier announced

smartphone design-win dated 24 January 2023.

"Finally, it has been confirmed that the first smartphone will be on the market

using our unique TLens®[]product. We are very proud of being selected by this

innovative team at XINGJI MEIZU. MEIZU 20 INFINITY is a flagship smartphone and

hence the volume is expected to be low, and potentially no further purchase

orders beyond what was announced on January 24[th] may be needed. Regardless,

this marks a very important validation reference for us and gives poLight the

opportunity to showcase our unique tunable optics technology in this mobile

market segment," said Dr. Øyvind Isaksen, CEO of poLight ASA.

Further information from:

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

About XINGJI MEIZU

XINGJI MEIZU is a new entity formed from the merger of MEIZU Technology Co.,

Ltd. and Hubei Xingji Shidai Technology Co., Ltd. Xingji Technology has been

responsible for the development of the MEIZU 20 INFINITY.  XINGJI MEIZU has

three business units: Smartphone, Augmented Glasses, and Operating Systems.

XINGJI MEIZU is a subsidiary of the Zhejiang Geely Holding Group.  Zhejiang

Geely Holding today owns and manages a number of automotive brands: Geely Auto,

Lynk & Co, ZEEKR, Geometry, Volvo Cars, Polestar, Lotus, London Electric Vehicle

Company, Farizon Auto, RADAR AUTO, and Cao Cao Mobility. For more information,

please visit http://www.zgh.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, ultra-low power consumption and constant field of view. poLight is

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

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