6/28/2017 9:01:41 AM
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VOGA V Laser Projector Phone with PicoP Scanning Technology (Graphic: Business Wire)
Ragentek, a Chinese-based smartphone manufacturer and solution company
with top selling phones in China, India, Brazil and other countries,
placed a $6.7 million order with MicroVision in March 2017 for a
customized display engine, PSE-0403-103, to be embedded in its VOGA V
smartphone. Ragentek plans to begin pre-orders for the phone immediately
with delivery starting in July. To support Ragentek’s schedule,
MicroVision began shipping engines at the end of June and will begin
volume shipments in July.
“Ragentek has done an amazing job designing the VOGA V smartphone. It is
a sleek, high performance product that addresses the consumer’s desire
for slim, compact smartphones while at the same time maximizing
functionality for watching video with a large, projected image,” said
Alexander Tokman, President and Chief Executive Officer of MicroVision.
“As soon as we began talks with the Ragentek team it was clear that they
had a vision for the type of product they wanted to bring to market and
a plan for getting there. We are extremely pleased they chose to partner
with us and embed our PicoP scanning engine in the VOGA V.”
“When we came to MicroVision with our ideas for this product, their
ability to work their engine design around our product design was a key
factor in getting this product to market quickly. The mobile-first
features of PicoP scanning technology such as always-in-focus images,
lower power consumption and small module size were essential for us to
maintain our phone design and performance standards while still
extending the functionality to include high definition projected large
screen images,” said Jiaming Le, Chief Executive Officer of Ragentek.
“Our target customers want to have it all in a smartphone and today that
means a device that is optimized for video viewing. With this engine
from MicroVision, we are excited to offer a cutting-edge solution that
will give our customers an experience beyond what they might expect from
simply increasing the built-in screen a few centimeters.”
For its smartphone design, Ragentek required an electronics board layout
that varied from the standard form of MicroVision’s PSE-0403-101 display
engine. MicroVision was able to quickly design an engine that met the
requirements and could be manufactured by MicroVision’s supply chain
partner. This engine, PSE-0403-103, uses the same MEMS and ASICS1
components as the standard MicroVision PSE-0403-101 engine and has the
same performance characteristics, including an always-in-focus, high
definition image from a small, low power engine. The flexibility to meet
Ragentek’s specific design requirements together with the performance
that is optimized for a mobile product were key factors for MicroVision
winning this business.
1 Micro-electrical mechanical systems (MEMS) and
Application-specific integrated circuits (ASICS)
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.
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.
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
shipping schedules, 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/20170628005065/en/
Source: MicroVision, Inc.
MicroVision, Inc.
Investors:
Dawn Goetter, 425-882-6629
ir@microvision.com
or
Media:
Heather
Hewit, 732-212-0823
heatherh@lotus823.com