Welcome 2015 and the World’s First HD Laser Pico Projectors Which Incorporate PicoP® Display Technology

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.

2014 Annual Shareholder Meeting Results

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:
  Nominee For Withheld
Richard A. Cowell 5,677,137 324,547
Slade Gorton 5,627,359 374,325
Jeanette Horan 5,685,148 316,536
Perry Mulligan 5,672,607 329,077
Alexander Tokman 5,542,460 459,224
Brian Turner 5,683,510 318,174
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:
For: 5,036,333
Against: 784,470
Abstain: 180,881

 

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:

 

For: 27,753,626
Against: 711,653
Abstain: 448,405

 

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:

 

For: 5,105,059
Against: 718,557
Abstain: 178,068

 

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:

 

For: 5,505,577
Against: 395,161
Abstain: 100,946
Annual Shareholder’s Meeting Logistics

Planning on attending the MicroVision Annual Shareholder’s Meeting? Here are a few helpful logistics items.

The meeting this year is at the Courtyard by Marriott in Bellevue, Washington. Directions are available on our website. The Courtyard is co-located with two other hotels. It is in the rear of the campus on the right side. Parking is available on either side of the hotel and is free.

Registration will be in the main lobby. The meeting begins at 9:00 AM PT in the Rainer Room. At 8:00 doors will open in the Cascade Room for light breakfast. At 8:30 staff will be on hand for some demos in the Cascade Room.

We look forward to seeing you there.

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