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