11/15/2017 8:30:45 AM
REDMOND, Wash.–(BUSINESS WIRE)–Nov. 15, 2017–
MicroVision,
Inc. (NASDAQ: MVIS), a leader in innovative ultra-miniature
projection display and sensing technology, today announced that it has
named Perry Mulligan, a company director, as chief executive officer,
replacing Alexander Tokman who has resigned as chief executive officer
and director.
Mulligan has served as a director at MicroVision since January 2010 and
assumes the role of chief executive officer (CEO) immediately. Tokman
will remain as president through the end of 2017 to assist with the
transition.
“Perry is very familiar with MicroVision, its vision and management
through his seven-year tenure as a member of the Board of Directors.
Perry brings a track record of success and a strong background in
executive leadership, operational management and global supply chain
design,” said Brian Turner, chairman and independent director at
MicroVision. “Alex has worked tirelessly for MicroVision, and we
appreciate his contributions, energy and commitment to the company’s
success. We are grateful that Alex has agreed to stay on as president
through the end of the year and to be available to support the company
and Perry as we move forward.”
“I am very excited to join MicroVision as CEO and I look forward to
carrying on the vision of the company and building on its success,” said
Perry Mulligan, incoming CEO. “There are many opportunities ahead, and I
am pleased that Alex will be available to help ensure a smooth
transition, enabling the company to continue to execute on our business
plan.”
“After a decade of guiding MicroVision, I have decided it is time to
step back and spend more time with my family,” said Alexander Tokman,
outgoing CEO. “I believe that Perry is the right person to take the
company to the next stage and am pleased that he was chosen to helm the
next era of growth for the company.”
Mulligan was formerly senior vice president of operations for Emulex
Corporation, where he oversaw Emulex operations, including supplier
management, test engineering, logistics, IT and facilities. Prior to
Emulex, Mulligan was senior vice president, operations for QLogic, where
he was responsible for all aspects of the manufacturing and delivery of
products to the customer in addition to overall supply chain design and
manufacturing strategy.
About MicroVision
MicroVision is the creator of PicoP® scanning technology, an
ultra-miniature laser projection and sensing solution based on the laser
beam scanning methodology pioneered by the company. MicroVision’s
platform approach for this advanced display and sensing solution means
that it can be adapted to a wide array of applications and form factors.
It is an advanced solution for a rapidly evolving, always-on world.
Extensive research has led MicroVision to become an independently
recognized leader in the development of intellectual property.
MicroVision’s IP portfolio has been recognized by the Patent Board as a
top 50 IP portfolio among global industrial companies and has been
included in the Ocean Tomo 300 Patent Index. The company is based in
Redmond, Wash.
For more information, visit the company’s website at www.microvision.com,
on Facebook at www.facebook.com/MicroVisionInc
or follow MicroVision on Twitter at @MicroVision.
MicroVision and PicoP are trademarks of MicroVision, Inc. in the
United States and other countries. All other trademarks are the
properties of their respective owners.
Forward-Looking Statements
Certain statements contained in this release, including those relating
to possibilities for future product, product applications, potential
opportunities and expansion into new markets are forward-looking
statements that involve a number of risks and uncertainties. Factors
that could cause actual results to differ materially from those
projected in the company’s forward-looking statements include the
following: our ability to raise additional capital when needed; products
incorporating our PicoP® scanning technology may not achieve market
acceptance, commercial partners may not perform under agreements as
anticipated, we may be unsuccessful in identifying parties interested in
paying any amounts or amounts we deem desirable for the purchase or
license of IP assets, our or our customers’ failure to perform under
open purchase orders; our financial and technical resources relative to
those of our competitors; our ability to keep up with rapid
technological change; government regulation of our technologies; our
ability to enforce our intellectual property rights and protect our
proprietary technologies; the ability to obtain additional contract
awards; the timing of commercial product launches and delays in product
development; the ability to achieve key technical milestones in key
products; dependence on third parties to develop, manufacture, sell and
market our products; potential product liability claims; and other risk
factors identified from time to time in the company’s SEC reports,
including the company’s Annual Report on Form 10-K filed with the SEC.
Except as expressly required by federal securities laws, we undertake no
obligation to publicly update or revise any forward-looking statements,
whether as a result of new information, future events, changes in
circumstances or any other reason.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171115005417/en/
Source: MicroVision, Inc.
MicroVision, Inc.
Investors:
Dawn Goetter, 425-882-6629
ir@microvision.com
or
Media:
Heather
Hewit, 732-212-0823
heatherh@lotus823.com