poLight ASA - purchase order received related to Mini2p application

25 Sep 2023 08:47 CEST

Horten, 25 September poLight ASA (OSE: PLT) today announced that the company has
recently received a purchase order for stacked TLenses from a commercial company
planning to supply Mini2p solution to Research Labs worth in excess of NOK
1.000.000. Mini2P is an open-source miniature 2-photon microscope brain explorer
for fast high-resolution calcium imaging in freely-moving mice developed by
Kavli Institute for Systems Neuroscience at NTNU.

"TLens has been instrumental to achieve the performance of Mini2p system. The
speed and temperature stability of TLens is much better than any other tuneable
lens we have tested, implying we can achieve results we never have been able to
do before. This is very important for our research to understand the mechanism
of information coding in the brain. We have seen a lot of interest in our work
from many other research groups around the world. TLens will continue to be
important for our future solutions", says Dr. Weijian Zong

"After the Kavli Institute first started using TLens in Mini2P many research
groups around the world are doing the same. Now we see commercial players
preparing to supply such solutions. We have mainly seen this activity as
important brand building for us, but in sum this activity has so far represented
an accumulated value of approximately 5.5 million NOK, and hence starting to be
an important financial contributor. ", said Dr. Øyvind Isaksen, CEO of poLight
ASA.

The latest purchase order is expected to be delivered in Q4/2023.

Further information from:

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

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
the Philippines. For more information, please visit https://www.polight.com

About Kavli Institute for Systems Neuroscience
Kavli Institute for Systems Neuroscience at NTNU is a leading research institute
founded by Nobel Laureates May-Britt Moser and Edvard Moser in 1996 to
investigate the emergence of higher brain functions. The Kavli Institute is an
interdisciplinary village of experts with the common desire to understand how
complex information is encoded in high-level neural networks and how complex
behaviours arise from these codes and systems. The institute staff is organized
in eleven research groups covering a broad spectrum of neuroscience
research, please visit https://www.ntnu.edu/kavli

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