poLight ASA – Receives forth purchase order for a wearable device

Horten, 12 November 2019 - poLight ASA (OSE: PLT) today announced it has received a forth purchase order from an undisclosed OEM. The order comprises 44,450 units of TLens Silver and 42,000 units of ASIC drivers related to the same wearable product as previously announced. The ordered material is for commercial use for the planned market release of a wearable device.

“This repeat order is a clear sign that the customer intends to use TLens for their next product”, said Øyvind Isaksen, the CEO of poLight

All orders received are expected to be shipped within end this year. In total, the four orders amount to approximately 124,000 TLens and 120,000 drivers.

The planned commercial launch remains subject to potential changes for various technical and market related reasons.

Further information from:

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