poLight ASA - Annual Report 2019
Horten, 23 April 2020 - poLight ASA (OSE: PLT) today published its annual report for 2019.
Through 2019, poLight made significant progress towards commercialisation of its unique autofocus lens, and engagement with potential customers in the smartwatch phone, smartphone, barcode, AR and other segments increased in number and scope. The progress was reflected in design awards at the start of 2020 and in ongoing Proof-of-Concept (PoC) projects supported by poLight across a wide range of markets that rely on small, high-quality cameras.
" Commercial adoption is an important validation of our unique products, which enable new and durable applications in both industrial and consumer segments. The fact that we are now supplying components for a commercially available product is very helpful in our ongoing customer dialogues, and in many ways represents a new era for the company.", said Øyvind Isaksen, the CEO of poLight
When the annual financial statements were prepared, the Covid-19 pandemic had not significantly affected the company's operations. All employees are with good health, fully utilized and the supply chain is operational. However, customer end-user demand in China has most likely been impacted by the Covid-19 pandemic.
The annual report for 2019 is attached to this notice and can also be found on www.polight.com.
Further information from:
Øyvind Isaksen, CEO, poLight ASA: +47 90 87 63 98
Alf Henning Bekkevik, CFO, poLight ASA: +47 91 63 05 14
About poLight ASA
poLight offers a new autofocus lens which "replicates" the human eye for use in devices such as smartphones, wearables, barcode, 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 offices in Finland, France and China and representation in Taiwan and Korea. For more information, please visit https://www.polight.com