poLight ASA – Follow-on purchase order received for an Augmented Reality (AR) case

poLight ASA – Follow-on purchase order received for an Augmented Reality (AR) case

Horten, 19 December poLight ASA (OSE: PLT) today announced that the company has received a purchase order for TLens®, including design of a custom package, to support the development of a display solution to be used in augmented reality (AR) application, worth approximately NOK 2.900.000. This design-in was first announced 15 March 2022. It is expected that the deliveries will be completed within Q3 2024.

“After a successful first phase, the customer has decided to continue developing their display concept using TLens®. This award gives us an important opportunity to position TLens® for AR display applications. It is expected that poLight need to supply more TLens® and services later in the subsequent phases of the project over and above what is included in this purchase order. Mass production phase is still some years ahead of us “, 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 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