3/7/2005 9:36:00 AM
BOTHELL, Wash.–(BUSINESS WIRE)–March 7, 2005–Microvision
(Nasdaq:MVIS), the leader in light scanning technologies for displays
and imaging, announced today that it has been awarded a $400,000
add-on to a previously announced development contract. The add-on
expands the scope of work for the project which is underway. During
the first quarter of 2005, the company has announced new contract
bookings totaling in excess of $7.6 million.
“We are off to the strongest start in the company’s history for
new contract bookings,” stated Rick Rutkowski, Microvision CEO. “We
expect this trend to continue through the first half of the year with
additional bookings later this quarter or early in the second quarter.
We continue to make excellent progress in delivering breakthrough
technology solutions to global market leaders in several significant
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.
Certain statements contained in this release, including those
relating to future contracts and product applications and those which
use “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, 2003, and its Quarterly Reports on Form 10-Q.
CONTACT: Microvision Inc.
Matt Nichols, 425-415-6657 (Media)
Brian Heagler, 425-415-6794 (Investors)
SOURCE: Microvision Inc.