poLight ASA - New purchase order received supporting barcode scanning market

24 Jun 2024 10:13 CEST

Horten, 24 June 2024: poLight ASA (OSE: PLT) today received a purchase order for
TLens® worth NOK 600,000 from a scan engine supplier in China. Our customer is
selling their solution to several different barcode OEM´s and is an existing
customer of poLight.

"As mentioned in the last quarterly presentation, the barcode scanning customer
pipeline is developing positively. Today, we are used in 12 commercially
available barcode/machine vison products from six different brands, and several
proof of concepts are ongoing," said Dr Øyvind Isaksen, CEO of poLight ASA.

The order will be fulfilled latest in July 2024.

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

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