Polight ASA

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

Tønsberg, 21 November 2024 - poLight ASA (OSE: PLT) today announced that the

company has received a purchase order worth approximately NOK 500,000 to supply

its TWedge®[ ]wobulator technical samples to a top tier consumer OEM customer

for an AR/MR application.

"Our customer interactions related to TWedge® wobulator technology provide key

insights as we define this potential new product," 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 there will be many steps between technical sample evaluation,

productization, and potential mass production supply into customer devices, this

milestone is an important step for our TWedge® wobulator technology and we are

encouraged by the continued interests from many of our customers. In addition,

this customer is also evaluating our TLens® product to differentiate their

imaging device. We have no doubt that both TLens® and TWedge® wobulator

technology can solve many AR/MR design challenges."

The delivery of the TWedge® technical samples is expected to be completed in Q1

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 Horten,

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

Philippines and Japan. For more information, please visit

https://www.polight.com.

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