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Mint Wireless And Uniden Start The Ball Rolling

Matt Nichols

October 22nd, 2009
by Matt Nichols


As our launch partners begin their own marketing programs we stated previously that they would initiate their own communications announcements to reveal their name.  The first announcement from a
partner just showed up on the Australian Stock Exchange newswire at 6:39 p.m., Sydney time, October 22.

Microvision’s Asian distribution partner, Mint Technology, through its parent company Mint Wireless Limited (ASX: MNW), issued the following press release revealing that the global OEM that will private label Microvision’s laser pico projector is Uniden Corporation of Japan.

MINT SIGNS DISTRIBUTION AGREEMENT WITH MICROVISION AND RECEIVES INITIAL ORDER FROM UNIDEN

Sydney, 22nd October 2009: Mint Wireless Limited (ASX: MNW) (“Mint”) announced the signing of an exclusive distribution agreement with Microvision Inc. (NASDAQ: MVIS) (“Microvision”) to distribute a PicoP® display engine enabled accessory pocket projector to select Asia-Pacific countries. Microvision (www.microvision.com) is a world leader in the innovation of a new generation of display and imaging products for mobile applications.

Microvision’s accessory pocket projector uses the revolutionary laser-based PicoP® display engine that delivers large, colorful, bright, and vivid images that are always in focus, regardless of projection distance. The projector is a plug-and-play device for people on-the-go who want to share multimedia applications such as movies, TV, photos and business presentations.

The device can be connected directly to a range of sources, including portable media players, laptops, notebooks, mobile phones and compatible devices such as the Apple iPhone and iPods. Depending on the ambient light, images of up to 200” can be displayed without the user ever having to adjust focus.

Mint CEO, Alex Teoh said: “The recently completed distribution agreement with Microvision aligns Mint with another market-leading brand in the portable consumer technology device space. Our existing relationship with global technology brands and our history of successfully partnering with leading international portable consumer technology manufacturers formed a key driver behind the agreement,”

“We expect the product to be available in selected Australian retailers and channel partners towards the end of this year. The nature of the distribution agreement will mean we will continue to roll out the pocket projector in other select Asia-Pacific countries this year and well into 2010. We are currently in negotiations with several key partners throughout the region,” Mr. Teoh said.

This agreement follows Mint’s recently announced strategic partnership and supply agreement with global consumer electronics and wireless communications leader Uniden Corporation (“Uniden”); where Mint is the exclusive supply partner for a select range of innovative technology products to Uniden’s Australian and New Zealand markets. Mint has received an initial purchase order from Uniden for an OEM version of Microvision’s pocket projector and will manage the supply, marketing and distribution of the Uniden OEM pocket projector for the Australian and New Zealand markets.

Uniden’s Managing Director of Uniden Australia and New Zealand, Mr. Kunihisa Ishii, commented, “In collaboration with Mint, we have been impressed with Microvision’s award winning pico projection technology and can now offer our customers the benefits and versatility of a unique and valuable application for mobile communication devices. This launch is part of Uniden’s ongoing strategy to offer customers the most advanced and attractive communication and entertainment tools and devices available on the market. We look forward to introducing this exciting new product to our customers.”

Alexander Tokman, CEO of Microvision said: “We are pleased that Mint and Uniden has selected Microvision’s pico projection technology to spearhead the Company’s new mobile communication device strategy to their customers. Uniden has been very successful delivering innovative consumer electronics devices to customers throughout the Asia-Pacific region which has been facilitated by the performance of their reputable supply partner, Mint Wireless,”

“The interest from Mint and Uniden in the Microvision pico projection technology demonstrates the appeal of this new emerging product category which is targeted for both consumer and business applications,” Mr. Tokman said.

About Mint Wireless Limited
Mint Wireless Limited (www.mnw.com.au) is an ASX listed technology company focused on providing mobile payment solutions (www.mint-wireless.com) and the development and management of consumer technology products and services. Mint is a developer and leading distributor of innovative consumer technology products to many of Australia and New Zealand’s largest retailers and online e-tailers.

About Uniden
Established in 1989, Australia Pty Limited and Uniden New Zealand Limited are part of the Uniden Corporation of Japan. The company offers an extensive range of consumer electronic products including Digital Cordless Phones and the top selling SCR, WDECT and DSS technology Cordless Phones, Transceiver Radios and Scanning Receivers, Wireless Networking Products and GPS Products. Uniden continues to bring outstanding products to people’s homes throughout the world. With quality and innovation at the forefront of its activities, the company has developed to be a world leader in production efficiency and zero defects so that they can offer the best products possible.

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This entry was posted on Thursday, October 22nd, 2009 at 1:57 am and is filed under Newsroom.
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15 Responses to “Mint Wireless And Uniden Start The Ball Rolling”

  1. Congratulations to the Microvision Team !

    Wikipedia: “Most cordless phones with the Radio Shack brand name are Uniden models that are sold under the Radio Shack brand. Most of the cordless phone brands sold in the world (e.g. Philips) are made by Uniden and sold under different electronic brands.”

    BUT i see this tech becoming an high class product with a special halo around like the apple products so i hope it doesn’t get a cheap and cheesy Uniden branding. That would be counterproductive in my opinion. It hast to be this one device in his category which sets the standards and which all the freaks want to have whatever it costs. It has to be the one picop with wich they show off in school with.

    In the end it is important that the profit margins don’t decline caused by selling it through cheap brands. The ShowWX has an enormous potential and is unbeatable tech-wise in my opinion.

    Good luck MVIS..I’ll be the first to buy that gadget !

  2. Wow!!!

    That should take everyone by surprise!!!

    After all the speculating about Sony and LG Electronics … what we get is Mint Wireless and Uniden.

    No complaints here. Just scratching my head, and wondering: “What on earth made me think it was Sony or LG Electronics.”

    No more speculating for me, that is if I want to spare the last few strands of hair on my head from saying goodbye and head for the floor.

    Anant Goel

  3. George Says:

    Hmmmmm . . . I’m still digesting this one.

  4. Nick Says:

    I come from New Zealand so I’m honoured to see we were given first dibs on the SHOW projector. I still don’t believe Uniden is the “Global OEM” that was mentioned earlier though. You did mean a major household name who is yet to come forward, right?

  5. Chuck Says:

    Congratulations, one more milestone reached. – Now, who is going to distribute the Show in the U.S.? When?

  6. Nick Says:

    Congratulations on the deal though. It is great to see we’re moving product now. I’ll have to get one for my mum!

  7. George Says:

    After due consideration, I’ve decided that Uniden makes good sense. Sort of out of left field however, but I think it should serve both companies well.

    Best of luck!

  8. Dan L. Says:

    Congratulations Alex and all Microvision employees for all you have done for getting the ShowWX to market. I can’t wait to get my own. I have seen and held this projector in person. I was very impressed!
    Keep up the great work.
    Dan L.

  9. Dan L. Says:

    Congratulations Alex and all Microvision employees for all you have done for getting the ShowWX to market. I can’t wait to get my own. I have seen and held this projector in person. I was very impressed!
    Keep up the great work.
    Dan L.

  10. John Coontz Says:

    Great job,How can I buy one.

  11. Martin Hillerby Says:

    It seems the price is $990 on…>>> http://www.pico-life.com.au/images/Product%20Catalogue%20240309%20condensed.pdf

    Will that be the street price?
    and it says…>>> Stand-alone Mode 4GB. Does it have 4 GB of on board memory?

  12. Pierre Says:

    The MINT catalog indicates the SHOW WX has 4GB of memory to display images or MP4 movies.
    Special version or misprint?

    Thanks

  13. Dan Golden Says:

    Hi Matt

    It is great to have our pico projectors on sale to the public. Could you please comment whether this is the partner with the “household” name to which Microvision has been referring. If it is not, then when do you expect the “household” name partner will be announced?

    Thanks to you all for getting the ball rolling.

  14. Microvision: Profitable Product Pricing and Marketing Strategy

    It is very important to check the competition prices for comparable product offering, and then recognize [and charge premium if justified] for the value proposition of your product in formulating your product pricing and marketing strategy. This will assure you the highest revenue at the best possible margin. Higher revenues streams with best possible margins are the key to financial success in any commercial product launch.

    Looks like Microvision has given considerable thought to their current SHOWwx product pricing and marketing strategy.

    In my opinion, all of the SHOWwx PicoP projectors are going to Asia-Pacific and Europe at $500 [to $700] a pop in wholesale price… and as revenue to Microvision. The distributors in the two regions are selling it to end users for about USD $900… representing a net profit potential to them of approximately $200 to $400. If the two distributors want to sell for less… then that is their option and only cuts into their profit margin.

    The Asia-Pacific OEM Uniden and the European mobile phone carrier are also selling it for $900 or so… representing a net profit potential of up to $400 depending on their pricing and promotional strategy.

    The bottom line is…

    • Microvision is selling all of its SHOWwx production at $500 [to $700] a pop and there is no reason to sell it for less. In the short term, all of SHOWwx production is being used to open doors and establish valuable high volume sales channels [for the future] with global distributors, global consumer electronic OEMs and global mobile phone carriers. Recent announcements of initial purchase orders from Asia-Pacific and Europe are proof positive of this strategy.

    • If you look at the details in the press releases and do some further digging into the sales literature of those engaged with Microvision as distributors, OEMs and mobile carriers… you will see that the retail price for the laser PicoP projector SHOWwx is in the USD $900 range.

    • Microvision is selling all of its SHOWwx production at $500 [to $700] a pop and there is no reason to sell it for less.

    • It is very important to check the competition prices for comparable product offering, and then recognize the value proposition of your product in arriving at a product pricing and marketing strategy. Looks like Microvision has given considerable thought to their current SHOWwx product pricing and marketing strategy.

    This is what I see…
    o Currently there is more demand than supply for their laser PicoP projector SHOWwx. At first blush, that is a good enough reason to command a premium price compared to the competition. However, it is important to investigate why the demand is high. With little digging, and snooping around, you will see that high demand is directly related to the higher standards of SHOWwx: image quality; large size projection; vivid bright colors; always-in-focus on any projected surface; small physical size and longer battery run features. This is the reason number one for commanding premium prices for laser based PicoP display engines and projectors… and that is today, tomorrow and to the day until supply catches-up with demand.

    o Quality always comes at a cost. You want quality… then you pay for quality. As they say: “you can buy crap from the competition for half the price… but at the end of the day you still got crap at half the price.” In a nutshell, quality at premium price mantra applies to SHOWwx pricing strategy today, tomorrow and every day… as long as the competition has nothing better to offer but still wants to charge $400 for crap of a pico projector.

    o Another way to arrive at product pricing is by placing a dollar value on replacement cost of products eliminated by your product and then add to this the intrinsic value of your product’s other differentiating features.

    Here’s an example…
    A. SHOWwx can replace a lamp based projector for small meetings and presentations… lamp based projector replacement cost $900.

    B. SHOWwx allows impromptu presentations in bright and vivid colors and always stays in focus with 8 font readability in normal light conditions… replacement cost $400 [the cost of inferior quality product from competition]

    C. SHOWwx in the bedroom to watch movies, shows and other streaming videos on the ceiling with no concern for projector location, has short throw ratio from bed to ceiling and always stays in focus… replacement cost of TV on the ceiling $ 900 and $500 in install cost.

    D. SHOWwx can project 200” image size under certain lighting conditions like watching movies outdoors while camping, or with friends and neighbors, on a dark summer night … feature value $2,000 for replacement cost of a electric generator… or $400 as compared to the competition that is if you are willing to accept small size and washed out color projection.

    E. SHOWwx projects bright and vivid color with 5000:1 contrast ratio… replacement cost $400 [the cost of inferior quality product from competition]

    F. SHOWwx projects higher definition images [848x480]… replacement cost $400 [the cost of inferior quality product from competition]

    G. SHOWwx projects always-in-focus images regardless of the distance or movement of the projector… price less. This feature is the competition killer. Let’s face it, as an example, would you buy a car that needs starting again every time you stopped in traffic or at a red light? Right, I didn’t think so.

    H. SHOWwx projector gives you twice the projection time per battery charge as compared to the competition… replacement cost $400 [the cost of inferior quality product from competition].

    I. SHOWwx projector used as a mobile TV [with a set-top box] saves you money on energy usage over its operating life [consuming less than 5 watts per hour] … feature value $1,200 in energy savings over a 10 year period

    J. SHOWwx projects bright and vivid color images without motion blur because of its inherent fast refresh feature from laser light source… priceless or replacement cost $400 [the cost of inferior quality product from competition].

    Well, there you have it…

    When you add the value of your product’s unique functionality, and money savings from product features, plus the value of improved quality of experience, the value proposition becomes worth a lot more than the $500 [in wholesale] that Microvision wants at this stage of commercial product launch.

    Purchase orders from distributors, OEMs and mobile phone carriers is solid validation of consumer preference for Microvision’s laser PicoP projector SHOWwx that offers…

    “large & wide screen, high definition, bright vivid colors, longer battery run on single charge, 2D video with fast refresh without motion blur, small physical size and always-in-focus images for all of video [static, streaming, and broadcast] communications.”

    Looking at the retail prices of ASD $990 [USD $900] it is quite obvious that the wholesale price to Microvision is somewhere from $500 to $700 per unit. And the margins are over 50%… if not more.

    Anant Goel

  15. Microvision: Summer 2009 Pico Projector Launch Overshadowed by Financial Worries and Muted Enthusiasm?

    Yes?

    No?

    May be?

    I started writing abut this and then it just hit me… a stroke of genius, I must say.

    How about I just put a question mark at the end of the subject title and let the animal out onto the pasture for some fresh air before the ensuing debate.

    Anant Goel