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

13 Feb 2025 21:51 CET

Tønsberg, 13 February 2025 - poLight ASA (OSE: PLT) today announced that the
company has received a purchase order worth NOK 729,000 to supply its TWedge®[
]wobulator evaluation kits to a top tier consumer OEM customer for an AR
application.

"We are excited about the continued momentum our unique TWedge® wobulator pixel
-shifting technology is building for the AR microdisplay market as evidenced by
the growing list of customer evaluations," 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 our TWedge® wobulator technology still needs many steps from current
technical samples stage to productization and potential mass production supply
into customer devices, this customer order marks another important milestone for
our TWedge® wobulator technology.  We are encouraged by the elevating
enthusiastic interests from many of our customers and partners as we've also
garnered from our recent SPIE AR|VR|MR 2025 exhibition.  In addition, this
customer also has an active Proof of Concept project with our TLens® product to
differentiate their head-worn AR/MR imaging device, which validates that both
our TLens® and TWedge® wobulator technology can solve several design challenges
the AR/MR industry is facing."

The delivery of TWedge® evaluation kits to this customer is expected to be
completed within 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 Tønsberg,
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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