Company Will Modify High-Performance Helicopter Display and Virtual Cockpit Program
BOTHELL, Wash., April 4 /PRNewswire/ — Microvision, Inc. (Nasdaq: MVIS) today announced that it will receive a contract modification for an additional $7.5 million from the U.S. Army Aircrew Integrated Systems Product Office awarded through the Aviation Applied Technology Directorate (AATD).
Microvision will modify the Virtual Cockpit Optimization Program (VCOP) and
the Aircrew Integrated Helmet System (AIHS) for use in attack and utility
The contract addition allows Microvision to continue its modifications of
the AIHS and VCOP helmet. Microvision will improve the helmet’s electronics,
optics and scanning features to increase overall system efficiency and
performance. Microvision also will begin efforts to flight demonstrate the
The contract indicates that the potential requirement for the VCOP system
is an estimated average yearly procurement quantity of 500 systems per year
and an estimated total quantity of 3,000, with an average selling price
objective not to exceed $750,000.
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.
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.