January 5th, 2015
by Dawn Goetter
As we enter into a new year, it is usually associated with new beginnings. At MicroVision we are excited at the prospects that 2015 holds, but for us new developments that come forward this year are a continuation of events that have been in motion for some time. Right out of the gate, the world’s first HD laser pico projectors were announced today at the 2015 International CES. We are extremely pleased to say that they incorporate PicoP® display technology. The two projectors, PicoPro and PicoAir, are being launched by Celluon, a company that specializes in consumer products that enhance mobile experiences using lasers. We have been collaborating with Celluon on the design of these products since CES last year and couldn’t be happier with the announcement today that introduces these revolutionary products to the world.
PicoPro and PicoAir have the benefits associated with PicoP display technology that are the right combination for mobility:
• HD, always in focus images
• Compact, slim, and light design
• Long battery life
• High contrast ratio, vivid colors with enhanced perceived brightness of lasers.
We look forward to following Celluon’s story as consumers discover the big screen experience these pico projectors create from a compact, smartphone-sized device with HD, always-in-focus images up to 250 inches. With Facebook users watching nearly 1 billion videos per day via mobile and YouTube reporting that nearly 50% of its views now come from mobile, there is no shortage of content for people to enjoy with a bigger screen than they are getting today on a smartphone or tablet.
We will be busy ourselves at CES with private meetings in our suites right next to the main show floor. We have a packed schedule as we continue our business development activities to evangelize the benefits of PicoP display technology and to connect OEMs with partners who are developing display engines incorporating our technology.
June 4th, 2014
by Dawn Goetter
The 2014 MicroVision Annual Shareholder Meeting was held June 3, 2014. It was nice to meet investors and see familiar faces from previous meetings.
Alex Tokman, MicroVision CEO, gave a business update which can be viewed in the Presentations section of the Investors area on the MicroVision website.
A form 8-K was filed today reporting the results on the five matters before the shareholders. The results are as follows:
|Proposal 1.||All of the Company’s nominees for director were elected by the votes set forth in the table below:|
|Richard A. Cowell||5,677,137||324,547|
|Thomas M. Walker||5,705,898||295,786|
|Proposal 2.||The stockholders approved the proposed amendment to the 2013 MicroVision, Inc. Incentive Plan by the votes set forth in the table below:|
|Proposal 3.||The stockholders ratified the appointment of Moss Adams LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2014, by the votes set forth in the table below:|
|Proposal 4.||The stockholders approved on an advisory basis, the compensation for the Company’s named executive officers by the votes set forth in the table below:|
|Proposal 5.||The stockholders did not approve the underwritten offering of common stock and warrants to purchase common stock that the Company completed on March 18, 2014 by the number of shares required. Such proposal required approval by a majority of the votes cast at the meeting, provided (i) the number of votes cast in favor of the proposal must exceed the number of votes cast against the proposal by at least 7,160,000 shares, which is the number of shares of common stock issued pursuant to such offering, including shares issued on exercise of the warrants since the completion of such offering, as of the record date. The votes are set forth in the table below:|
April 30th, 2014
by Dawn Goetter
Earlier this week we posted to our social media sites a reference to a market research report on pico projector growth over the next several years. As is sometimes the case with social media, upon closer inspection of content, in this case the forecasts in the report, we realized that the data point for 2013 did not seem accurate to us when compared to other industry forecasts and our own tracking of the market. In fact it was in the neighborhood of 10 times higher. We believe that assessments of the 2013 market value for pico projection in the low hundreds of millions (USD) from two to three million units are more accurate and the new report forecasting over three billion USD from twenty five million units was an anomaly. We have since taken the posts down from our social media channels and we apologize for any confusion the information we shared may have caused our followers.