Industri

Rekylplukkeren
15.08.2019 kl 12:41 1832

Horten, 15 August 2019 - poLight ASA (OSE: PLT) today announced it has received
a purchase order for 33,320 units of TLens Silver and 30,000 ASIC drivers
related to a wearable product for an undisclosed OEM. The units will be used for
Product Verification Test (PVT) and potential initial mass production (MP)
related to a planned product release for a wearable device.

"This is an important step towards commercialisation of TLens" said Øyvind
Isaksen, CEO of poLight. "It is our first order for a PVT phase, which typically
represents the final phase of testing before a decision is made to release
product to market and award of a design-win and mass-production contract."

poLight expects to ship the order to the customer by end of August. The order is
not expected to have a significant impact on revenue.

poLight has for some time supported the potential customer through a successful
proof-of-concept (POC) phase and have so far shipped a total of 1,540 TLens
Silver and 2,380 ASIC drivers which have been used for Engineering- and Design
Verification Tests (EVT and DVT).

After product release it is expected to be in market from 12 to 18 months. While
a PVT represents an important milestone towards award of a mass production
contract, it is not a design-win and the project remain subject to potential
changes for various technical and market related reasons.

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