poLight ASA ( (DE:3OL0) ) has issued an announcement.
poLight ASA has secured a purchase order valued at NOK 729,000 for its TWedge® wobulator evaluation kits from a leading consumer OEM for an AR application. This order signifies a key milestone for poLight’s TWedge® technology, highlighting its growing traction in the AR microdisplay market. The company’s innovative technologies, including both the TWedge® wobulator and TLens®, are showing promise in addressing design challenges within the AR/MR industry, as evidenced by their active participation in ongoing Proof of Concept projects with major customers.
More about poLight ASA
poLight ASA is a Norwegian company that specializes in advanced tunable optics technology, leveraging their proprietary polymer and piezo MEMS technology. Established in 2005, their flagship product, TLens®, mimics the human eye experience in autofocus cameras and is used in various applications such as augmented reality (AR) and mixed reality (MR) devices, smartphones, wearables, and industrial systems. With a substantial portfolio of over 160 patents, poLight is recognized for its fast focus, small footprint, and ultra-low power consumption solutions.
YTD Price Performance: -28.25%
Average Trading Volume: 3,980
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €39.8M
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