Realfiction Holding AB (“Realfiction” or “the Company”) today publishes an extended Investor Q&A to address the growing volume of questions received following the Company’s recent progress on its Directional Pixel Technology (DPT) platform and the introduction of its new multi-view demonstrator.

Over the past weeks, Realfiction has seen a noticeable increase in inbound questions from shareholders. These inquiries relate to the latest technical achievements, commercial discussions, scalability of the technology, and the broader industry dynamics within the display sector. As transparency and clear communication are central to Realfiction’s investor relations approach, the Company has compiled the most frequently asked questions into a structured Q&A.

“Our recent advancements have led to significantly more engagement from investors, partners and industry stakeholders,” says Clas Dyrholm, CEO of Realfiction. “We welcome this heightened interest and see it as a strong indicator that our technology is entering a more commercially relevant phase.”

The Q&A covers 16 topics, including:

• Use of DPT in mobile devices
• Status of presentations to manufacturers
• Integration of Ferro-Electric Liquid Crystal (FLC) in the new Spatial Light Modulator
• Scalability from the 4” demonstrator to larger displays
• Technical requirements for multi-viewer 3D and cinema-scale applications
• Removal of visual artifacts in the latest iteration
• Industry developments, including LG Display’s dual-view CES 2026 announcement
• Strategic considerations such as potential partnerships and acquisition interest

The full Q&A is provided below and offers investors deeper insight into Realfiction’s technology development, strategic direction, and ongoing discussions with potential partners.

1. Is it possible to use DPT in mobile phones?

Answer:
In principle yes, DPT can be used in mobile devices, as the technology scales down to very small pixel pitches. The current development focus is on medium-sized displays where integration and manufacturing are more straightforward, and where DPT’s multi-user advantages are more relevant. Adoption in mobile devices typically requires a partnership with a major handset manufacturer due to strict size, power and integration requirements. This is a long-term opportunity, but not a near-term focus.

2. Have you presented the new display to manufacturers? What is the level of interest?

Answer:
Yes. The new demonstrator has already been presented to several display manufacturers and technology industry players. The level of engagement has increased significantly after introducing the new display with three independent 3D views and look-around capability. We expect further meetings during our Asia tour in November–December and at CES followed by meetings in California in January.

3. Have you presented the new display to Samsung?

Answer:
Realfiction is in dialogue with several major display manufacturers. As with all large organizations, discussions take place across multiple internal teams and progress through structured steps. These engagements are ongoing, and additional meetings are planned during our upcoming visits in Asia and the U.S. To respect confidentiality and avoid complicating partner discussions, we do not disclose specific company names.

4. Was integrating the FLC into the SLM a major step?

Answer:
Yes. Successfully integrating the Ferro-Electric Liquid Crystal (FLC) into the Spatial Light Modulator is a significant step forward. It confirms that the core materials and architecture required for full DPT performance are now demonstrated in hardware.

5. Can the FLC-SLM technology be scaled to larger displays soon?

Answer:
Scaling is technically feasible, and the next step involves applying the same principles to larger display formats. Larger displays require coordinated engineering efforts in manufacturing processes, cell-gap control, driver electronics and pixel uniformity. The 4” demonstrator verifies the core principle in hardware. Expanding to larger sizes is best achieved through co-development with a major display manufacturer, and discussions with potential partners are already underway.

6. What is the most realistic path forward; develop the FLC internally or co-develop with a large display company?

Answer:
The realistic path is co-development. While the core architecture is ours, commercial scaling requires industrial manufacturing capabilities. Our strategy is to own the key IP and license it, while partnering with display manufacturers for mass production. Our collaboration with the first DPT licensee is an example of this, as this ongoing co-development is expected to reach mass production when finalized.

7. Does the 4” proof-of-concept improve the likelihood of commercial agreements?

Answer:
Yes. The new demonstrator addresses key industry questions about feasibility, bandwidth, optical performance and scalability. It has already strengthened ongoing commercial discussions and opened doors to new ones. We expect this to have a positive effect on 2025–2026 partner negotiations.

8. Is the automotive industry moving away from displays due to safety concerns?

Answer:
Regulatory discussions focus on reducing driver distraction, not reducing the use of displays. Automakers are instead shifting toward smarter displays that can deliver targeted information, adapt to passengers, and reduce clutter.
DPT supports exactly this: the ability to show different information to driver and passengers while reducing unnecessary visuals. We therefore see DPT as aligned with safety-driven design trends, not in conflict with them.

9. Is 3D possible only with the FLC-SLM?

Answer:
Realfiction’s DPT can only achieve multi-user 3D with independent look-around by using the high switching speed of FLC material. Earlier DPT SLM versions can deliver directional 2D views and single-user 3D, but not full multi-viewer 3D. With FLC, DPT can deliver multiple simultaneous stereo perspectives at high frame rates.

10. Does 3D require eye tracking?

Answer:
No.

DPT can create either static or dynamic viewing zones. Combining eye tracking and dynamic viewing zones creates a super-smooth and personalized look-around 3D experience, with the highest 3D depth and image clarity. But DPT also supports any kind of zone-based viewing, where static viewing zones can create 3D experiences for multiple people as well.

11. Can DPT deliver glasses-free 3D to many users, e.g., in a cinema?

Answer:
Theoretically yes, but not with the same architecture. Large-venue displays require modularity as well as a different optical layout and system design, typically developed together with a major LED-wall manufacturer. While the underlying DPT principle can scale, delivering multi-user 3D in a cinema environment introduces additional complexities including managing a greater number of simultaneous viewing zones. For these reasons, the cinema use-case is a long-term opportunity rather than a near-term application.

12. Is the new demonstrator the second iteration of the SLM?

Answer:
Yes, it represents the second iteration of our SLM architecture, including improved materials, upgraded cell design, and significantly faster switching.

13. Have the last visual imperfections been removed (e.g., vertical lines)?

Answer:
Yes, the mechanical vertical-line artifacts seen in the previous version have been removed. In this first implementation of the FLC material, new artifacts were introduced due to imperfections in the initial FLC filling process. A new filling round is currently underway, using improved handling procedures among other adjustments, and is intended to eliminate the remaining imperfections as we prepare for integration into larger displays.

14. Could a major company acquire Realfiction given the current valuation?

Answer:
Any listed company can become a takeover target at any time. Realfiction’s strategy is to maximize shareholder value through commercialization and partnerships. We remain focused on executing this plan, while fulfilling all obligations regarding fairness and transparency in the case of any strategic interest.

15. Will you share updates from the demonstrations in Asia?

Answer:
Yes. We will provide updates when discussions allow it and when doing so does not compromise negotiations or confidentiality with partners.

16. LG recently announced that they will present a new dual-view display for the automotive industry at CES 2026. Are you involved in that in any way? If not, how do you view a major player like LG investing in this type of technology now?

No. LG Display’s CES announcement is not something we are involved in.

However, it is positive for Realfiction that a major industry player is highlighting dual-view and multi-view functionality. It confirms growing market interest in directional content delivery, the same category where Realfiction offers a significantly more advanced solution with full-resolution multi-view capability. Large players help build awareness and accelerate adoption, while Realfiction is positioned as the company that can deliver a superior implementation of dual-view and multi-view technology.

For more information about Realfiction Holding AB, please contact:
Clas Dyrholm, founder and CEO 
Telephone: +45 25 22 32 81 
Email: clas@realfiction.com
www.realfiction.com

Certified Adviser
Mangold Fondkommission AB is the company's Certified Adviser and can be contacted via ca@mangold.se or +46 8 503 015 50.

About Realfiction Holding AB
Founded in Denmark in 2008, Realfiction is a provider of cutting-edge 3D display technologies designed for tomorrow’s needs, featuring technological breakthroughs with its Directional Pixel Technology for LCD, OLED and microLED. These technologies support a wide range of use cases, including enhancing driving safety, medical imaging, immersive gaming and entertainment, digital signage, as well as applications in architecture, engineering, and design. The Company offers a comprehensive intellectual property portfolio tailored for OEMs and Tier-1 partners involved in developing and marketing displays for markets and industries requiring high-resolution multistereoscopic displays. All technologies are ready for licensing, and Realfiction is actively pursuing commercial licensing agreements and partnerships to pave the way to mass production. Realfiction's IP portfolio comprises 15 patent families and registered trademarks, including patent applications filed in multiple countries. Realfiction Holding AB’s shares are publicly traded on Nasdaq Stockholm First North under the symbol “REALFI”, with the share’s ISIN code being SE0009920994.

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Realfiction publishes investor Q&A on its DPT technology

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