PLT: poLight ASA Capital Markets Day Highlights Accelerating Momentum in AR|MR, Industrial Imaging and Wearable Applications

TØNSBERG, Norway, 10 November 2026 -- poLight ASA (OSE: PLT) today recapped
key highlights from its Capital Markets Day, held 30 October at Pareto
Securities in Oslo, showcasing strong commercial momentum, expanding customer
engagement and significant opportunities for growth in the rapidly evolving
wearables and smart eyewear markets. During the event, industry experts and
poLight's management team detailed how the company's proprietary tunable
optics product TLens® and emerging TWedge® wobulation technology addresses
critical challenges in augmented reality (AR), mixed reality (MR), industrial
machine vision and robotics applications and emerging wearable devices.

"We have moved from proving our patented tunable optics technology to
establishing a foundation for growth," said Dr. Øyvind Isaksen, Chief
Executive Officer of poLight. "Today, poLight is engaged with many of the
world's leading consumer OEMs and has built a strong position with established
barcode and scan engine device manufacturers. With substantial customer
engagement across these markets as well as early involvement with emerging
medical and robotics applications, we believe we are entering an exciting new
phase of commercial opportunity."

At the Capital Markets Day, poLight highlighted its strategic focus on two
primary markets: wearable devices, particularly AR and MR smart glasses, and
industrial imaging applications including new AI-based imaging systems. The
company reported approximately 30 industrial design wins while continuing to
prioritize high-growth wearable opportunities, where its compact size, low
power consumption and ultra-fast response time provide key competitive
advantages.
The company also emphasized growing industry interest in TWedge®, its
innovative beam-steering wobulation technology designed to improve visual
performance in advanced AR displays. According to poLight, TWedge® has
generated exceptional interest among customers seeking to solve fundamental
display-quality and user-comfort challenges in next-generation smart glasses.

Industry advisor Ajit Ninan, a veteran imaging technology executive and
innovator, outlined the increasing complexity of wearable displays and the
importance of solving human-perception challenges as AR devices become more
immersive.
"Smart glasses are no longer simply displays positioned in front of the eyes.
They are human-perception systems that must work seamlessly with how people
see and experience the world," said Ajit Ninan, Advisor to poLight.
"Technologies such as TWedge® have the potential to address some of the
industry's most important visual-comfort and image-quality challenges by
preserving brightness, resolution and readability while reducing power
consumption. These capabilities could play an important role in enabling the
next generation of AR experiences."

The event also featured an in-depth analysis of the global smart eyewear
market from Jean-Christophe Eloy, Founder/CEO of Yole Group, who highlighted
the convergence of AI, sensing and wearable computing as major drivers for
industry growth.
"We are witnessing the emergence of smart glasses as the next major
human-machine interface," said Jean-Christophe Eloy, who is also a board
member of poLight. "As AI capabilities move closer to the user and eyewear
becomes a seamless interface to digital information, the market opportunity
expands dramatically. The ecosystem is investing heavily in advanced optics,
sensing and display technologies, and poLight's solutions are well aligned
with the increasing technical requirements of future AR platforms."

According to presentations delivered during the event, global smart eyewear
adoption continues to accelerate as leading technology companies and a growing
supply-chain ecosystem invest in advanced AR products. poLight believes this
trend, combined with increasing demand for autofocus cameras, advanced sensing
capabilities and enhanced display performance, positions the company to
benefit from the evolution of smart glasses from niche devices to mainstream
computing platforms.
Looking ahead, poLight plans to continue investing in product innovation,
customer engagement and organizational growth to capitalize on expanding
opportunities in wearables while maintaining its established presence in
industrial imaging markets.
"Our vision remains clear," added Isaksen. "We will continue to drive organic
growth, advance innovation and move higher in the value chain by delivering
solutions that address the real needs of future imaging and display systems.
The opportunities before us are significant, and we believe poLight is well
positioned to create long-term value for customers and shareholders alike."

See recordings of the individual presentations here:
Introduction and strategic direction (https://bit.ly/4iIT21b) - Dr Øyvind
Isaksen and Grethe Viksaas
How poLight enables access to new market opportunities 
(https://bit.ly/4izRFSn)- Q Tech's perspective - Chris Liu
Closer than ever, still not clear: wearable displays and the challenges to
attain quality (https://bit.ly/4zKrZbS) - Ajit Ninan
How the XR market is developing and poLight's position
(https://bit.ly/4kKgts4) - Jean-Christophe Eloy
Business Development deep dive: Tunable Optics - shaping new applications
(https://bit.ly/4BTO9tn) - Jon Edwards
R&D deep dive: Shaping the future of poLight with new Tunable Optics
Technology (https://bit.ly/3UMxM1e) - Pierre Craen
Operations deep dive: Ready for growth (https://bit.ly/4zeMAnv) - Marianne
Sandal

For further information, please contact:
Dr Øyvind Isaksen, CEO, poLight ASA: +47 90 87 63 98
Joakim Hines Bredahl, CFO, poLight ASA: +47 97 52 17 31

About poLight ASA
poLight ASA (Oslo Stock Exchange: PLT) offers a patented, proprietary tunable
optics technology which replicates "the human eye" experience in autofocus
cameras used in devices such as AR/MR glasses, smartphones, barcode scanners,
machine vision systems and various medical equipment. poLight's first product
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 Tønsberg, Norway, with employees in Finland, France, UK, US, China,
Taiwan and the Philippines. For more information, please
visit https://www.polight.com (https://www.polight.com/)
 employees in Finland\, France\, UK\, US\, China\,\
Taiwan and the Philippines. For more information\, please\
visit https://www.polight.com (https://www.polight.com/)\