poLight ASA – design-win confirmation from first Augmented Reality customer

Horten, 1 December 2021 - poLight ASA (OSE: PLT) today announced that the company has received confirmation, and first mass production purchase order, related to an Augmented Reality (AR) product from an unnamed customer. The value of the first purchase order is approximately NOK 360.000 and is expected to be delivered within early second quarter 2022. Customer’s AR product launch is planned to be in the first half year of 2022.

“The Augmented Reality (AR) market is entering a very important phase, and we expect to see several companies releasing new AR products in the coming years. The use cases for most of the initial customer cases are related to the professional/enterprise market and hence the initial volumes are relatively low. However, it is expected that over time that AR devices will address the consumer market and hence demands will increase significantly. This first design-win marks an important and exciting milestone for our company. The actual launch of our customer’s product remains to be seen and until then there will always be some risk for unexpected changes“, said Dr. Øyvind Isaksen, CEO of poLight ASA.  

Further information from:

Dr. Øyvind Isaksen, CEO, poLight ASA: +47 90 87 63 98
 

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 and China and representation in France, UK, US, Taiwan, Korea and Japan. For more information, please visit https://www.polight.com