New Design-Win and Initial Mass Production Purchase Order Received for High End Mixed Reality Head-Mounted Device

HORTEN, Norway – November 27, 2023 - poLight ASA (OSE: PLT) today declared that the company’s TLens® product is used in a recently announced MR head-mounted device from a market leading company. poLight has received initial mass production purchase order worth approximately NOK 0.4 million for which will be fulfilled before the end of this year.

“High quality cameras, empowered by the TLens® autofocus technology, enable a compelling mixed reality experience that replicates the human eye. This latest design-win is further evidence that poLight´s TLens® plays an important role in realizing cutting edge camera capability that differentiates the newest AR/MR head-worn devices,“ said Dr Øyvind Isaksen, CEO of poLight ASA.

Further information from:

Dr. Øyvind Isaksen, CEO, poLight ASA: oyvind.isaksen@polight.com

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, low power consumption and constant field of view. 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