10/18/2001 6:49:00 AM
<![CDATA[BOTHELL, Wash., Oct 18, 2001 (BUSINESS WIRE) — Microvision, Inc. (Nasdaq:MVIS)
announced today that it has been awarded a $1.5 million subcontract by
Concurrent Technologies Corporation (CTC) in support of the Office of Naval
Research's Battlespace Information Display Technology (BIDT) program.
The BIDT program will develop innovative display technologies for delivering
wireless tactical information to the warfighter. CTC will integrate
Microvision’s retinal scanning display (RSD) technology into lightweight display
devices that will be used in command, control, communications, and intelligence
“These unique displays will enhance situational awareness to give US and allied
troops the edge they need to fight and survive in conflicts of the future,” said
Rick Rutkowski, Microvision CEO.
ONR/CTC/Microvision will push development of Microvision’s unique
Micro-electro-mechanical systems (MEMS) scanning technology to enable ultra
small, ultra low power display concepts that address the challenge of displaying
information on the battlefield. A variety of technology approaches centering on
Microvision’s unique retinal scanning display technology will be pursued to
enable the next generation of rugged, high performance, personal display
Rutkowski noted that Microvision’s increasing activities in the defense arena
underscore the value of technology in the changing nature of warfare. “Warfare
has become information-driven and our armed forces must be able to receive,
integrate, and rapidly assimilate information from disparate sources,” he said.
“By putting information up front in head-up see-through mode Microvision’s
retinal scanning display technology can be a key enabler in this process.”
About Microvision: www.mvis.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.
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.
CONTACT: Microvision, Inc.
Matt Nichols or Brian Heagler, 425/415-6847
Randy Balogh, 206/285-5280
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