3/27/2002 6:32:00 AM
BOTHELL, Wash., Mar 27, 2002 (BUSINESS WIRE) — Microvision (Nasdaq:MVIS) today
announced that it has signed distribution agreements with three resellers of
wearable computers and portable display products.
Agreements were signed with Tek Gear, (www.tekgear.com) a distributor of
wearable products and applications; Nova Marine (www.novamarine.com), a leading
developer of technologies aiding in search, survey and inspection of underwater
sites and projects; and Virtual Realities (www.vrealities.com), a leading
distributor of products focused on virtual reality applications.
All three resellers will market Microvision’s unique Nomad wearable display as
part of their line of display products. The Nomad System will enhance the
resellers current wearable display and wearable computer product lines by
providing their customers with a premium-performance head-worn display that
delivers an extremely bright, high-resolution, daylight readable and see-through
Andrew Lee, Microvision vice president of sales commented, “We’ve signed
agreements with a total of eight VARs for the Nomad System reseller program
since its introduction just six weeks ago. As we build the distribution channels
for the Nomad System, we are pleased that many qualified distributors and
resellers have quickly been attracted to this exciting business opportunity. Our
strategy is to complement our direct sales effort and to create momentum in the
marketplace behind the Nomad System. We are targeting four vertical market
segments with the Nomad System – industrial, medical, aerospace, and military.
Each segment has at least several applications for the Nomad Personal Display
System and established distribution channels for delivering technology
solutions. We expect to have at least 20 more VARs signed by the middle of the
year, and at least fifty by the end of 2002.”
About the Nomad Personal Display System:
Based on Microvision’s patented light scanning technology, the recently
introduced Nomad system is a high-resolution head-worn display that presents
images and information to the user on a see-through virtual 17-inch display.
This unique personal display enables hands-free access to such information
diagrams, instrumentation, maintenance records, moving maps and interactive
training manuals, superimposing the information on the user’s view and creating
“augmented vision.” The Nomad system features full daylight-readability,
allowing users to view high contrast images in even the most challenging ambient
lighting conditions. High quality, Super VGA resolution makes the Nomad system
immediately compatible with a broad range of existing applications and content.
From flight paths to factory floors, surgical suites, and more, the Nomad system
can deliver major improvements in productivity, quality and safety for virtually
any type of manual task. The company is targeting applications in four vertical
markets – industrial, aerospace, medical, and military – that enable customers
to provide information at the point of task.
About Microvision: www.microvision.com
Headquartered in Bothell, Wash., Microvision Inc. is the developer of the
patented retinal scanning display technology and a world leader in micro
miniature optical scanning technology for display and imaging applications. The
company’s technology has applications in a broad range of military, medical,
industrial, professional and consumer information products. Nomad is a trademark
of Microvision, Inc.
Forward Looking Statement
The information set forth in this release includes “forward-looking statements”
within the meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and is subject to the safe harbor created by those sections. Certain
factors that realistically could cause results to differ materially from those
projected in the company’s forward-looking statements are set forth in the
company’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, as
filed with the Securities and Exchange Commission.
Matt Nichols, email@example.com
Brian Heagler, firstname.lastname@example.org
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