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.
