Polight ASA

Regulatory Filings • Feb 2, 2024

poLight ASA - New customer confirms release of two new barcode scanner products using TLens®

poLight ASA - New customer confirms release of two new barcode scanner products using TLens®

Horten, 2 February 2024: poLight ASA (OSE: PLT) today announced that Action

Prowave Technology Co. Ltd. has confirmed it is using TLens® autofocus solution

in the company's two latest barcode scanners for industrial and logistic

warehouse applications, named AW300DP and AW550 respectively. A purchase order

worth approximately NOK 200,000 has been received to cover the initial mass

production demand.

"This will be the 11[th] barcode product to use our unique TLens® divided

between six companies. This market is strategically important for the company.

Although it will take time to build volumes, the potential is there, and the

lifetime of products in this market segment is significantly longer than for

typical consumer applications. We are impressed by the solution Action Prowave

has developed, and look forward to continuing to work closely with them," said

Dr Øyvind Isaksen, CEO of poLight ASA.

"TLens® characteristics, such as focusing speed, compactness, robustness, and

constant field of view, are key attributes for us when designing our solution.

Also, the fact that they have local support in China is important for us. We are

enthusiastic about the products using TLens® and have high hopes that they will

be well received in the market, and hence establish the foundation for future

products using poLight´s technology," said Richard Yang, CEO of Action Prowave.

Further information from:

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

About Action Prowave Technology

Action Prowave Technology Co., Ltd., founded in 2010 in Shanghai, is a National

High-Tech Enterprise specializing in solutions for smart terminals. The

leadership, with roots in industry giants like Huawei, ZTE, and Uber, boasts

over a decade of R&D and operational expertise. As one of the pioneering

licensees of Qualcomm in China, Action Prowave Technology adeptly integrates

computer vision, artificial intelligence, and smart terminal design on Qualcomm

platforms. Their dedication is evident as shipments surpass 5 million units.

Their product lineup includes PDAs, smart POS, rugged phones, and high-precision

navigation terminals. Their client roster features household names such as

Honeywell, Lenovo, JD.com, and ZTO Express. For more information, please visit

https://www.action-prowave.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