Horten, 9 September 2020 - poLight ASA (OSE: PLT) today announced that the company has signed an Memorandum of Understanding (MoU) and received a purchase order to develop a prototype of a new version of the TLens from an unnamed camera module supplier. Depending on the result of the prototype and the party's strategic consideration, the aim is to release a new version of the TLens having a bigger aperture and hence fitting bigger sensor formats and new applications, primarily for the smartphone market. The purchase order is worth NOK 1,3 million. "This represent a unique opportunity for poLight to extend its offering together with a customer having strong interest to launch new innovate solutions for the smartphone market", says CEO Øyvind Isaksen. 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 offices in Finland, France and China and representation in Taiwan and Korea. For more information, please visit https://www.polight.com