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SINTEF invests in poLight AS
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Published January 10, 2008

(Oslo/Trondheim, 9 January, 2008) SINTEF Venture III AS – a SINTEF investment company—and Ignis ASA has entered into an agreement in which SINTEF Venture III acquires 8 million of Ignis ASA’s 25 million shares in poLight AS (formerly Ignis Display AS) for NOK 4.0 million. Following the purchase, SINTEF Venture III will become the second largest shareholder with 22.9 percent of the shares. Ignis ASA’s ownership will be reduced from 71.4 percent to 48.6 percent. As previously communicated this business is defined as non-core for Ignis ASA, and the reduction of the ownership is thus in alignment with the company strategy.

SINTEF’s investment strengthens the technological and strategic cooperation between poLight and SINTEF with regards to the company’s development of cameralense-technology for mobile phones and other devices.

Mr. Aage Thunem, executive director in SINTEF ICT, will be proposed as a new member in the Board of Directors in poLight AS, and the company will continue its work to find a strong financial and industrial partner that can contribute to further development of the technology.

-We see a very exciting development potential for poLight’s technology, and in combination with SINTEF’s technology, competence and international network we believe we will be able to realize this potential. As we turn technology into commercial high-quality products we see several large market opportunities, says Anders Lian CEO in SINTEF Venture III.

-Ignis ASA and poLight AS are very happy to welcome SINTEF Venture III as an investor, and view the investment as a confirmation that we have built a strong technological position. We also believe this will prepare the ground for attracting international industrial players into the company, says COO Geir I. Gjørva in Ignis ASA.

For more information, please contact:

Geir I. Gjørva, COO Ignis ASA, tel: +47 90 89 28 12
Anders Lian, administrerende direktør SINTEF Venture III, tel: + 47 91 10 54 11
Jon Herman Ulvensøen, CEO poLight AS, tel: +47 91 39 19 74