9/15/2009 10:57:00 AM
REDMOND, Wash.–(BUSINESS WIRE)–Sep. 15, 2009–
Microvision, Inc. (Nasdaq:MVIS), a global leader in innovative
ultra-miniature projection display and image capture products for
mobility applications announced the commercial introduction of the
world’s first laser-based pico projector, called SHOW WX™, based on its
proprietary PicoP® display engine technology.
The Company plans to distribute its accessory pico projector product
through three sales channels: OEM branded products, Microvision branded
products sold through international distributors and Microvision direct
sales through its on-line store. Microvision has signed several
marketing and distribution agreements with international distributors in
Asia and Europe to launch Microvision branded and private labeled
versions of the laser pico projector. Microvision expects to begin
product shipments in the next several weeks.
The Microvision pico projector uses the revolutionary laser-based PicoP
display engine that delivers large, colorful, bright, and vivid images
that are always in focus, regardless of projection distance. The
accessory product is a simple plug-n-play pico projector for people
on-the-go who want to spontaneously view and share mobile TV, movies,
photos, presentations and more. Users can take the pocket-sized
projector anywhere, plug it into their portable media players, mobile
phones, notebooks and other portable mobile media devices with TV-Out or
VGA functionality and share a big screen experience with friends, family
or business associates. Depending on the ambient light, the projected
images range in size from 12” to 150”
About Microvision, Inc.
Microvision provides the PicoP
display technology platform designed to enable next-generation display
and imaging products for pico projectors, vehicle displays, and wearable
displays that interface with mobile devices. The company’s projection
display engine uses highly efficient laser light sources which can
create vivid images with high contrast and brightness. For more
information, visit the company’s website (www.microvision.com)
and corporate blog (www.microvision.com/displayground).
Forward-Looking Statements Disclaimer
Certain statements contained in this release, including those relating
to distribution and shipment of products, customer and distributor
launch of products, product applications and statements using words such
as “plans,” “expects” and similar expressions, 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; the risk
of market acceptance of our technology and products, our financial and
technical resources relative to those of our competitors; our planned
future products dependence on advances in technology by other companies,
our ability to keep up with rapid technological change; our ability to
enforce our intellectual property rights and protect our proprietary
technologies; the timing of commercial product launches and delays in
product development; the ability to achieve key technical milestones in
key products; our ability to secure needed third party manufacturing and
sales resources, 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 the 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.
Source: Microvision, Inc.
Microvision, Inc.
Matt Nichols (media), 425-882-6657
or
Jeff
Wilson (investors), 425-936-6847