Thursday, September 13, 2018

poLight Announces IPO at Oslo Stock Exchange

Oslo Bors stock exchange reports that poLight ASA announces its intention to launch an IPO of its shares and to apply for a listing on Oslo Børs, alternatively Oslo Axess.

The company's TLens technology is said to offer considerable benefits, such as extremely fast focus, compact xy-dimension, no electromagnetic interference, low power consumption, and constant field of view.

Currently the Company has three ongoing proof-of-concept ("PoC") projects related to smartphones. One of the ongoing PoC projects is with a Tier 1 mobile OEM testing the TLens for use in a high-end front camera, while
the other two PoC projects are with Tier 2 and Tier 3 OEMs also testing the TLens for front camera applications. The Company believes more PoC projects with smartphone OEMs will be initiated in the coming months.

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