poLight (PLT) investor relations material

AR/MR design-in and customer engagement

• Three purchase orders for mass production have been received, with pricing reflecting commercial product use and a typical TLens price around $2+ in the consumer space.

• The design-in is with a major, globally recognized consumer electronics player, though specifics remain confidential.

• The AR/MR consumer segment is identified as the most important growth area, with the current design-in seen as a platform for future expansion.

• Customers value TLens for compactness, speed, constant field of view, and low power consumption, ranking it highly in evaluations.

• There is potential for the same OEM to have multiple design-ins, and engagement with this customer on new opportunities is ongoing.

Project pipeline and market focus

• Over 20 active consumer AR/MR proof-of-concept projects are progressing, with several maturing toward design-in status.

• Efforts are underway to secure additional AR/MR design-ins with other OEMs, not just focusing on the first major customer.

• Success in the current design-in is expected to accelerate adoption and interest from other customers.

• The company maintains a strong focus on the AR/MR segment, viewing it as critical for shareholder value and future growth.

Product development and supply chain

• TWedge is in its fifth-generation sample, with the next revision expected to be close to mass production readiness.

• TWedge development is closely coordinated with leading customers, and significant sample sales have occurred, though broader financial support is sought.

• Inventory write-downs are primarily mechanical and not reflective of actual wafer quality, which remains suitable for future production.

• Capacity expansion plans include doubling production and test capacity, with flexibility to adjust further as needed.