5/5/2005 11:18:00 AM
BOTHELL, Wash.–(BUSINESS WIRE)–May 5, 2005–Microvision
(NASDAQ:MVIS), the leader in light scanning technologies for display
and imaging, announced today that it has been awarded a $1.2 million
subcontract by General Dynamics C4 Systems to supply 165 Nomad ND 2500
Systems as part of the initial phase of the U.S. Army’s ‘Mounted
Warrior’ soldier system. General Dynamics was recently awarded a prime
contract by the U.S. Army to develop and equip combat vehicle crewmen
with an advanced situational awareness capability including combat
helmet and wireless voice communications.
The Nomad Systems provides an early capability for a ‘Mounted
Warrior’ to see operational data and video on his or her
helmet-mounted display when tethered to an armored combat vehicle. The
Company expects to ship the units for operational feedback during the
next several months in an initial integration into a Stryker
battalion.
“The U.S. Army needs display solutions that provide mission
critical information in demanding environments and rapidly changing
situations,” said Rick Rutkowski, Microvision CEO. “The Nomad Systems
we expect to deliver will enable a crew member to see real-time data
and video from multiple sources, a capability they currently do not
have. We are excited to be under contract with General Dynamics C4
Systems, which leads the Mounted Warrior, Land Warrior and Air
Warrior programs. Each of these programs is designed to provide
significant improvements in soldier lethality, survivability, mobility
and sustainability and we believe improved display solutions can be an
integral part of these efforts.”
Mounted Warrior is being developed and delivered using a spiral
approach that enables faster deployment of capabilities. Spiral 1,
designed for use in a Stryker combat vehicle, includes everything worn
by the combat vehicle crewman such as advanced combat helmet; cordless
voice communications; improved sun, wind and dust goggles; and a
rechargeable battery that is powered through a connection to the
vehicle power supply. Future spirals will be configured for use in a
wide variety of Army vehicles and will enable integrated wireless
voice, data and video communications.
To view information about the Nomad system including testimonials
from military and commercial customers, please visit
www.microvision.com.
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.
Forward-Looking Statements
Certain statements contained in this release, including those
relating to performance and product applications and those which use
words such as “believe,” and “expect,” 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: market
acceptance of our technologies and products; our ability to obtain
financing; 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 and to
develop partnership opportunities; the timing of commercial product
launches; the ability to achieve key technical milestones in key
products; and other risk factors identified from time to time in the
company’s SEC reports, including in its Annual Report on 10-K for the
year ended December 31, 2004, and its Quarterly Reports on Form 10-Q.
CONTACT: Microvision
Matt Nichols (media), 425-415-6657
Brian Heagler (investors), 425-415-6794
SOURCE: Microvision