"Due to photolysis of water formation of ATP and NADPH occurs"is this statement correct or wrong kindly explain this

Dear student, it is true as Photolysis of water results in the release of oxygen, as a by-product, and the release of hydrogen. The hydrogen released from the water molecule is transferred to the hydrogen acceptor. NADP becomes reduced to form NADPH2. The products of the light stage are ATP and NADPH2.