Polight ASA

Regulatory Filings • Feb 13, 2025

poLight ASA receives purchase order for TWedge® wobulator evaluation kits from a top tier consumer OEM customer

poLight ASA receives purchase order for TWedge® wobulator evaluation kits from a top tier consumer OEM customer

Tønsberg, 13 February 2025 - poLight ASA (OSE: PLT) today announced that the

company has received a purchase order worth NOK 729,000 to supply its TWedge®[

]wobulator evaluation kits to a top tier consumer OEM customer for an AR

application.

"We are excited about the continued momentum our unique TWedge® wobulator pixel

-shifting technology is building for the AR microdisplay market as evidenced by

the growing list of customer evaluations," said Dr. Øyvind Isaksen, CEO of

poLight ASA. "TWedge® wobulator is based on the same tunable optics technology

platform as our TLens® product used in numerous auto focus imaging systems.

While our TWedge® wobulator technology still needs many steps from current

technical samples stage to productization and potential mass production supply

into customer devices, this customer order marks another important milestone for

our TWedge® wobulator technology.  We are encouraged by the elevating

enthusiastic interests from many of our customers and partners as we've also

garnered from our recent SPIE AR|VR|MR 2025 exhibition.  In addition, this

customer also has an active Proof of Concept project with our TLens® product to

differentiate their head-worn AR/MR imaging device, which validates that both

our TLens® and TWedge® wobulator technology can solve several design challenges

the AR/MR industry is facing."

The delivery of TWedge® evaluation kits to this customer is expected to be

completed within Q1 2025.

For further information, please contact:

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

About poLight ASA

poLight ASA (OSE: PLT) offers patented, state-of-the-art tunable optics

technology, leveraging its proprietary polymer and piezo MEMS technology.

Founded in 2005, its first product TLens® replicates "the human eye" experience

in autofocus cameras used in applications such as AR/MR devices, smartphones,

wearables, webcams and other consumer devices, industrial barcode scanners and

machine vision systems, and healthcare applications. With over 160 granted

patents, poLight's technology delivers extremely fast focus, small

footprint, ultra-low power consumption, no magnetic interference, and constant

field of view, enabling better imaging system performance and new user

experiences compared to alternative technologies. poLight is based in Tønsberg,

Norway, with employees in Finland, France, UK, US, China, Taiwan, the

Philippines and Japan. For more information, please visit

https://www.polight.com.