poLight ASA – Receives second purchase order for potential commercial use of TLens in a wearable device

Horten, 11 October 2019 - poLight ASA (OSE: PLT) today announced it has received a second purchase order for 34,800 units of TLens Silver and 36,000 ASIC drivers related to the same wearable product as announced on 15 August.

poLight expects to ship the order to the customer by November 2019. 

The order will be used to build buffer stock to prepare for a potential commercial launch related to a planned product release of a wearable device by an undisclosed OEM. The planned commercial launch remain 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 offer 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