We are pleased to report that we have received a letter from NASDAQ confirming that as of March 5, 2012 we had regained compliance with Listing Rule 5450(a)(1). The company’s shares will continue to be traded on The NASDAQ Capital Market under the symbol MVIS.
On February 27 we released our 2011 results and an overview of our strategy for 2012 and held a conference call to discuss them. The key takeaways are that we achieved our 2011 goals of growing revenue, significantly reducing operating cash requirements, and advancing our PicoP Gen2 display engine and that our objectives for 2012 include launching our PicoP Gen2 engine, securing customer commitments to design products incorporating our PicoP Gen2 engine, and transitioning to an ingredient brand model. We continue across the MicroVision organization to focus on the priorities that enable us to meet our goals again this year.