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

21 Nov 2024 17:08 CET

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
2025.

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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