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

24 Jan 2023 08:52 CET

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

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