poLight ASA – Order worth 2.9 million NOK received related to a smartphone project planning to use TLens®

Horten, 24 January 2023 – poLight ASA (OSE: PLT) today announced that the company has received an order related to a smartphone project. The purchase order is worth approximately 2.9 mill NOK, and the material will be used for mass production. The smartphone is planned to be released to market in Q2-2023.

“The smartphone market remains a high focus area for the company, and it is encouraging to be given this opportunity. As we have experienced before planned product releases can be changed, so it remains to be seen if the phone will be released as planned and will include TLens®. The project is related to a high-end phone and the volume will be low.“, 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, Taiwan and the Philippines. For more information, please visit https://www.polight.com