12/27/2016 9:00:18 AM
REDMOND, Wash.–(BUSINESS WIRE)–Dec. 27, 2016–
MicroVision,
Inc. (NASDAQ: MVIS), a leader in innovative ultra-miniature
projection display and sensing technology, today announced that it has
begun on-schedule customer shipments of samples of its new, small form
factor display engine.
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MicroVision Small Form Factor Display Engine (Photo: Business Wire)
MicroVision announced in November that it plans to sell a display engine
beginning in the second quarter of 2017. This small form factor display
engine is based on the company’s proprietary PicoP® scanning technology,
a laser beam scanning (LBS) approach for pico projection and 3D sensing.
MicroVision plans to be ready for mass production of this engine early
in the second quarter of 2017.
The small form factor display engine, model number PSE-0403-101, is a
compact laser beam scanning engine measuring just 3.6 cm wide by 5.3 cm
long by 0.6 cm thick with a volume of only 11.6 cubic centimeters. The
sleek form factor and thinness of the engine make it an ideal choice for
products such as smartphones, portable media players, tablets and other
handheld electronics. A short focal length version of the engine, model
number PSE-0403-102, is well suited for aftermarket head up display
(HUD) applications and other applications with a fixed, short focal
length.
The PSE-0403-101/2 display engine is an all-in-one unit combining an
integrated photonics module (IPM) containing MEMS and lasers and an
electronics platform module (EPM) containing MicroVision’s proprietary
ASICS and system control software. Some customers prefer a flexible
solution of the IPM and standalone MicroVision ASICS that they can
combine with the electronics of the device into which the engine is
embedded. The form factor of the IPM, which measures only 4.66 cubic
centimeters, is a critical attribute for OEMS considering incorporating
pico projectors inside their consumer products.
In addition to the PSE-0403-101/2 engines, MicroVision plans to offer
two other scanning engines: an interactive display engine that can
support simultaneous projected display and multi-touch interactivity
with the projected images and a sensing engine for mid-range LiDAR.
Samples of the interactive display engine are planned for the second
quarter of 2017 with production engines expected in the third quarter of
2017. The company expects to begin shipping samples of the mid-range
LiDAR engine in the second half of 2017 with production units planned
for first half of 2018 availability.
MicroVision’s business model and product line offering includes display
and sensing engines, licensing its patented technology and selling
components to licensees for incorporation into their scanning engines.
About MicroVision
MicroVision is the creator of PicoP® scanning technology, an
ultra-miniature laser projection and sensing solution based on the laser
beam scanning methodology pioneered by the company. MicroVision’s
platform approach for this advanced display and sensing solution means
that it can be adapted to a wide array of applications and form factors.
It is an advanced solution for a rapidly evolving, always-on world.
Extensive research has led MicroVision to become an independently
recognized leader in the development of intellectual property.
MicroVision’s IP portfolio has been recognized by the Patent Board as a
top 50 IP portfolio among global industrial companies and has been
included in the Ocean Tomo 300 Patent Index. The company is based in
Redmond, Wash.
For more information, visit the company’s website at www.microvision.com,
on Facebook at www.facebook.com/MicroVisionInc
or follow MicroVision on Twitter at @MicroVision.
MicroVision and PicoP are trademarks of MicroVision, Inc. in the
United States and other countries. All other trademarks are the
properties of their respective owners.
Forward-Looking Statements
Certain statements contained in this release, including those using
words such as plans, expects or similar words and those relating to
future product and product applications 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; products incorporating our
PicoP® scanning technology may not achieve market acceptance, commercial
partners may not perform under agreements as anticipated, we may be
unsuccessful in identifying parties interested in paying any amounts or
amounts we deem desirable for the purchase or license of IP assets, our
or our customers failure to perform under open purchase orders; 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; the timing of commercial product
launches and delays in product development; the ability to achieve key
technical milestones in key products; 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 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161227005099/en/
Source: MicroVision
MicroVision
Dawn Goetter, 425-882-6629 (investors)
ir@microvision.com
or
Nicole
Cobuzio, 732-212-0823 ext. 102 (media)
nicolec@lotus823.com