Horten, 16 August 2022 - poLight ASA (OSE: PLT) today announced that the company
has received a follow-on mass production purchase order related to an Augmented
Reality (AR) product. The design-win and first mass production purchase order
was announced on 1st December 2021.
The value of this purchase order is approximately NOK 1.2 million and is
expected to be fully delivered during 2022. Customer's AR product market launch
is planned to be in 2022.
"The AR market is advancing through an important phase, and we expect to see
several companies releasing new AR head-worn products in the coming years.
TLens is being considered by several important AR market players. In addition to
the already announced design-win, we are engaged in five design-ins and five
ongoing Proof-of-Concepts in the AR space. Additional design-wins could be
achieved before the year is over", said Dr. Øyvind Isaksen, CEO of poLight ASA.
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 employees in Finland, France, UK,
US China and Taiwan. For more information, please visit https://www.polight.com