poLight ASA – Received additonal purchase order related to smartwatch phone design-wins

Horten, 25 February 2020 - poLight ASA (OSE: PLT) today announced that the company has received a purchase order of approximately NOK 250,000 of TLens and ASIC drivers. The purchase order is related to the two smartwatch phone design-wins announced earlier in 2020.

“We are still in the early days since the market launch of the two smartwacthes and therefore very pleased to see the customer returning to refill its stock of TLens,” said Dr. Øyvind Isaksen, the CEO of poLight.

Following this order, an accumulated order intake of NOK 2,3 millions for TLens and ASIC drivers has so far been ordered related to the two smartwatch phone releases.

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

About XUN

XUN is one of Xiaomi´s eco-chain companies, focus on children-related products, and the current products are mainly children's smartwatches.

For more information, please visit: www.xunkids.com