poLight ASA – follow-on mass production order from an Augmented Reality customer

Horten, 22 November 2023 – poLight ASA (OSE: PLT) today announced that the company has received a follow-on mass production TLens® purchase order related to the world-facing autofocus camera in its customer’s Mixed Reality (MR) product. The design-win and first mass production purchase order were announced on December 1st, 2021.

The value of this purchase order is approximately NOK 0.35 million and is expected to be fully delivered by December 2023.

“The AR/MR market is continuing to advance through an important phase, and we expect to see several customers releasing new AR/MR head-worn products. We remain very excited that TLens®  is being considered by several important AR/MR market players. In addition to the previously announced design-wins, we are engaged in five design-ins and eleven ongoing Proof-of-Concept projects in the AR/MR market. Additional design-wins could be achieved before year end “, said Dr. Øyvind Isaksen, CEO of poLight ASA.