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

Horten, 17 October 2019 - poLight ASA (OSE: PLT) today announced it has received a third purchase order related to the same wearable product as announced on 15 August and 11 October.  The order is for an additional 10,900 units of TLens Silver and 12,000 ASIC drivers. It is not expected to have a significant impact on revenue.

In total, the three orders amount to approximately 79,000 TLens and 78,000 drivers to support final testing and mainly to secure supply for the initial market demand for a potential commercial launch of a wearable device by an undisclosed OEM. poLight expects to ship the total volume within this year.

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 offerws 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