4/27/2004 5:09:00 PM
BOTHELL, Wash., Apr 27, 2004 (BUSINESS WIRE) — Lumera
Corporation, a majority owned subsidiary of Microvision, Inc.
(Nasdaq:MVIS) announced today that it has closed a $2,300,000
convertible note and warrant financing. The notes are convertible into
Lumera Class A Common and are due on March 31, 2005 or earlier in the
event of certain specified events.
About Lumera: http://www.lumera.com/
Lumera Corporation, a majority owned subsidiary of Microvision,
Inc., develops proprietary polymer materials and products based on
these materials for a broad range of applications. Lumera designs and
synthesizes polymer materials at the molecular level to optimize their
electrical, optical and surface properties. Lumera uses these
materials to improve the design, performance and functionality of
products for use in wireless and optical communications networks and
in biomedical analysis.
About Microvision: www.microvision.com
Headquartered in Bothell, Wash., Microvision Inc. is the world
leader in the development of high-resolution displays and imaging
systems based on the company’s proprietary silicon micro-mirror
technology. The company’s technology has applications in a broad range
of military, medical, industrial, professional and consumer products.
Microvision has been working with Canon, BMW, the Electronics
Research Lab of Volkswagen of America and others to develop a number
of display and image capture product applications based on its
proprietary scanned beam technology.
SOURCE: Microvision, Inc.
Brian Heagler, 425-415-6794