Archive for the ‘Investor Relations’ Category
January 7th, 2013
by MicroVision Marketing
Heading into a new year is always a good time to reflect back on the previous year. For MicroVision 2012 was marked by significant advancements in the second generation of our PicoP® display technology and the transition to our ingredient brand business model.
Key highlights of 2012 include:
— Unveiling MicroVision’s HD PicoP® Gen2 display technology using direct green lasers at the 2012 Consumer Electronics Show (CES). With its small form factor, low power and superior image quality, PicoP Gen2 display technology even received the ‘CES Product of the Future’ award by Popular Science.
— Transitioning to our core “Image by PicoP®” ingredient brand business model. Under this model, we reported royalty revenue in Q3 as well as positive margin on components sales that quarter.
— Shipping PicoP® Gen2 display engine design samples for customer evaluation to more than two dozen companies in the automotive and consumer electronics sector by the end of Q3.
— Launching the first commercial product to incorporate PicoP Gen2 display technology, Pioneer’s Carrozzeria Cyber Navi heads-up display system, debuting in Japan in July.
— Entering a strategic partnership with Intersil to strengthen PicoP display technology’s cost and performance roadmap.
— Increasing revenue in Q3 by more than 40 percent year over year and significantly decreasing cash used in operations, as announced in the Q3 earnings release.
An additional highlight in 2012 was significant advancements in the commercial availability of direct green lasers (DGL) with Osram announcing its first commercial DGLs, Sony announcing its intent to enter the DGL market, and an additional supplier providing direct green lasers to Pioneer for the Cyber Navi.
2013 gets off to a quick start with CES this week. In keeping with our ingredient brand business model for licensing our technology to OEMs, MicroVision will take advantage of the converging of the major consumer electronics, cellphone and automotive OEMs in Las Vegas. Our focus is on furthering strategic business partnerships and reaching potential customers in private meetings in lieu of a public exhibition. We have some great meetings lined up and are eager to start this year off building upon the momentum and progress of 2012.
November 15th, 2012
by Dawn Goetter
MicroVision is committed to developing innovative display technology that lets consumers see outside the box. Because of our dedication to research and development to keep our patented PicoP® display technologyon the cutting edge and offering our customers leading features today with a roadmap for future advancements, we boast an expansive technology portfolio that now includes more than 500 patents. That’s why we were excited to learn that MicroVision’s patent portfolio has been included in the Ocean Tomo 300 Patent Index for the second year in a row.
The Ocean Tomo 300 Patent Index is the first index based on the value of intellectual property and includes well-known technology companies such as Microsoft, Intel, Qualcomm, Nvidia, and MicroVision partner, Intersil. To be included in this respected list is a true testament to the hard work of our world-class employees and experienced engineers, who are committed to developing pico projection display solutions that deliver value to our customers and an enhanced viewing experience to their end-consumers whether they are using a head-up display in a vehicle or sharing visual content from a mobile device.
MicroVision’s patent portfolio has also been widely recognized by associations such as IEEE and the Patent Board (in association with the Wall Street Journal) as top patent portfolios among global industrial companies. As we continue to license our technology to OEMs and ODMs, our leadership in IP supports our business model and assures our customers they are receiving best-in-class technology.
Because of our IP portfolio, we can truly say that our proprietary PicoP display technology is unlike any other, offering significant display advantages over other pico projector display systems and providing a wide array of benefits for various applications such as mobile, automotive, gaming and eyewear.
October 19th, 2012
by Dawn Goetter
Osram Opto Semiconductors announced the launch of its first direct green laser (DGL) diodes yesterday and called out the significance for the pico projector market. “The commercial breakthrough for compact laser projectors is closer than ever before,” said Stephan Haneder, Marketing Manager for Consumer Lasers at Osram Opto Semiconductors. The release expanded on Haneder’s statement, noting that the compact laser diodes have a particularly high beam quality so they represent a milestone in the development of miniature projectors for mobile devices such as smartphones and cameras. Osram discussed the benefit of the DGL diodes specifically for MEMS based pico projectors such as MicroVision’s PicoP® display technology in the release. These statements and more detailed specs can be found on the Osram website.
This news was greeted enthusiastically here at MicroVision but it was no surprise. We have been updating shareholders throughout 2012 that we expected several DGL suppliers to be in the market by the end of 2012 which is exactly what we see with Osram joining the supplier to Pioneer that has been providing commercial DGLs for its Cyber Navi HUD product that is now selling in Japan. In addition to these two commercial supply sources, Sony has announced its intention to enter the DGL market with Sumitomo. Multiple suppliers for this component for PicoP display technology eases concerns OEMs may have about a single supplier and it can help drive availability up and price down through competition. We have discussed at length the benefits of DGLs over synthetic green lasers including a standard, smaller size, lower prices and higher volumes and yields.
When MicroVision was making the SHOWWX product line built around a Gen1 PicoP display engine, we had a direct supply relationship with laser manufacturers. Under our B2B “Image by PicoP” ingredient brand business model whereby we are licensing PicoP display technology to OEMs and ODMs and supplying MEMS, ASICS, software and reference designs, red, blue and green lasers will be procured directly by the OEMs or ODMs, not MicroVision. The role and importance of the lasers in PicoP display technology has not changed, and we stay engaged with the laser suppliers and the developments in the industry for our R&D efforts and advancement of PicoP display technology. What has changed is that we will not be buying any quantity of lasers to manufacture light engines.
We know that DGL supply has been a much anticipated and analyzed topic in the past for MicroVision followers and rightfully so. We are therefore truly delighted to share this news from Osram with investors and stakeholders in MicroVision.
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