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Regulatory press release

poLight ASA - New customer confirms release of two new barcode scanner products using TLens®

poLight
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Horten, 2 February 2024: poLight ASA (OSE: PLT) today announced that Action Prowave Technology Co. Ltd. has confirmed it is using TLens® autofocus solution in the company's two latest barcode scanners for industrial and logistic warehouse applications, named AW300DP and AW550 respectively. A purchase order worth approximately NOK 200,000 has been received to cover the initial mass production demand.

"This will be the 11[th] barcode product to use our unique TLens® divided between six companies. This market is strategically important for the company. Although it will take time to build volumes, the potential is there, and the lifetime of products in this market segment is significantly longer than for typical consumer applications. We are impressed by the solution Action Prowave has developed, and look forward to continuing to work closely with them," said Dr Øyvind Isaksen, CEO of poLight ASA.

"TLens® characteristics, such as focusing speed, compactness, robustness, and constant field of view, are key attributes for us when designing our solution. Also, the fact that they have local support in China is important for us. We are enthusiastic about the products using TLens® and have high hopes that they will be well received in the market, and hence establish the foundation for future products using poLight's technology," said Richard Yang, CEO of Action Prowave.

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