Information related to the Annual Shareholder Meeting conducted yesterday is now available for those who couldn’t make it to the meeting.
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 […]
Last week Sony announced the development of a pico projector module “equipped with Sony’s independently-developed image processing system, that uses laser beam scanning (LBS)” and “incorporates the PicoP technology developed by MicroVision, Inc.” We are extremely pleased and gratified that laser beam scanning technology that MicroVision pioneered is being adopted by a technology leader and […]
MicroVision announced today that we received a notice from The Nasdaq Stock Market advising the company that we are not in compliance with the $50,000,000 minimum market value of listed securities required for continued listing on The Nasdaq Global Market and the company has 180 calendar days, or until June 16, 2014, to regain compliance with this requirement. This notification is simply a notice of deficiency, not of imminent delisting, and has no current effect on the listing or trading of MicroVision’s common stock on The Nasdaq Global Market.
We believe that by executing the fundamentals of our plans, we can regain compliance within the 180 day period as we have done in the past and that several key factors position MicroVision for growth. Read our blog post for more information.
Based on a number of calls we have received today, there seems to be confusion and a mis-impression that company executives sold shares yesterday when in fact the opposite is true. To offset tax liability for RSU awards that vested on November 15, 2013, each officer surrendered to the Company a number of shares with a value that equals the tax obligation. No shares were sold by the officers.
The Company filed several Form 4’s with the SEC to report this transaction and indicate that there was a payment of tax liability by the executive delivering stock to the Company upon vesting of the RSU.
We wanted to clarify the situation with a blog post.
In our latest blog post, we take a look at how MicroVision’s head of research and development, Dale Zimmerman, combines his role as a visual scientist and his personal passion for photography to create beautiful images.