poLight ASA Announces TLens® Purchase Order Supporting a Top Tier Consumer OEM Qualification Program

06 Aug 2025 09:24 CEST

TØNSBERG, Norway -- August 6, 2025 -- poLight ASA
(https://www.polight.com/home/default.aspx) (OSE: PLT) today announced it has
received a purchase order potentially worth approximately NOK 1,700,000 to
supply TLens® plus driver to the Top Tier consumer OEM referred to in the
press release dated 15 April 2025. The shipment will support a qualification
program for a potential consumer product. The non-cancellable part of the
purchase order is 50%, and the remaking is subject to program continuation.

"We see this as a very positive development and is an example of the intention
behind the unnamed Top Tier consumer OEM mentioned in the strategic investment
agreement. While there are several milestones to be passed before we can
celebrate, this is positive progress," said Dr. Øyvind Isaksen, CEO of
poLight.

The first deliveries will occur in Q4-2025.

For further information, please contact:
Dr Øyvind Isaksen, CEO, poLight ASA: +47 90 87 63 98
Joakim Hines Bredahl, CFO, poLight ASA: +47 97 52 17 31

This information has been submitted pursuant to the Securities Trading Act §
5-12 and MAR Article 17. The information was submitted for publication at
2025-08-06 09:24 CEST.

About poLight ASA
poLight ASA (listed on the Oslo Stock Exchange: 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, low power consumption and
constant field of view. poLight is based in Tønsberg, Norway, with employees
in Finland, France, UK, US, China, Taiwan, Japan, and the Philippines. For
more information, please visit https://www.polight.com
(https://www.polight.com/)

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