poLight ASA - It's OEM customer today announced a new flagship smartphone using TLens®

30 Mar 2023 14:31 CEST

Horten, Norway, 30 March 2023 - poLight ASA (OSE: PLT) today announced that the
company has been informed that XINGJI MEIZU released 3 new smartphones named
MEIZU 20, MEIZU 20 PRO as well as MEIZU 20 INFINITY. The latter uses TLens® in
the high-performance compact selfie camera. This smartphone is described as a
technological work of art. This announcement is related to the earlier announced
smartphone design-win dated 24 January 2023.

"Finally, it has been confirmed that the first smartphone will be on the market
using our unique TLens®[]product. We are very proud of being selected by this
innovative team at XINGJI MEIZU. MEIZU 20 INFINITY is a flagship smartphone and
hence the volume is expected to be low, and potentially no further purchase
orders beyond what was announced on January 24[th] may be needed. Regardless,
this marks a very important validation reference for us and gives poLight the
opportunity to showcase our unique tunable optics technology in this mobile
market segment," said Dr. Øyvind Isaksen, CEO of poLight ASA.

Further information from:

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

About XINGJI MEIZU

XINGJI MEIZU is a new entity formed from the merger of MEIZU Technology Co.,
Ltd. and Hubei Xingji Shidai Technology Co., Ltd. Xingji Technology has been
responsible for the development of the MEIZU 20 INFINITY.  XINGJI MEIZU has
three business units: Smartphone, Augmented Glasses, and Operating Systems.
XINGJI MEIZU is a subsidiary of the Zhejiang Geely Holding Group.  Zhejiang
Geely Holding today owns and manages a number of automotive brands: Geely Auto,
Lynk & Co, ZEEKR, Geometry, Volvo Cars, Polestar, Lotus, London Electric Vehicle
Company, Farizon Auto, RADAR AUTO, and Cao Cao Mobility. For more information,
please visit http://www.zgh.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, ultra-low power consumption and constant field of view. poLight is
based in Horten, Norway, with employees in Finland, France, UK, US, China, and
Philippines. For more information, please visit https://www.polight.com

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