Polight ASA

Regulatory Filings • Jan 24, 2023

poLight ASA - Order worth 2.9 million NOK received related to a smartphone project planning to use TLens®

poLight ASA - Order worth 2.9 million NOK received related to a smartphone project planning to use TLens®

Horten, 24 January 2023 - poLight ASA (OSE: PLT) today announced that the

company has received an order related to a smartphone project. The purchase

order is worth approximately 2.9 mill NOK, and the material will be used for

mass production. The smartphone is planned to be released to market in Q2-2023.

"The smartphone market remains a high focus area for the company, and it is

encouraging to be given this opportunity. As we have experienced before planned

product releases can be changed, so it remains to be seen if the phone will be

released as planned and will include TLens®. The project is related to a high

-end phone and the volume will be low.", 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, Taiwan and the Philippines. For more information, please visit

https://www.polight.com