10/7/2014 9:01:10 AM
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Third quarter delivery achieved for real time package sorting system
REDMOND, Wash.–(BUSINESS WIRE)–Oct. 7, 2014–
MicroVision,
Inc. (NASDAQ: MVIS), a leader in innovative ultra-miniature
projection display technology, today announced that in the third quarter
it delivered customized PicoP® display modules to its
customer, a worldwide leader in logistics, transportation, package
delivery and freight forwarding.
As previously announced in March, MicroVision’s customized PicoP®
display modules are part of a new package guidance application aimed at
increasing processing efficiency in real-time package sorting and
routing that its customer is deploying in a facility in the United
States. PicoP® display technology was selected for this
application due to its ability to operate in industrial environments and
its distinguishing performance characteristics including brightness,
infinite focus, and variable field of view. The projection module will
be paired with the customer’s scanning systems to improve package
sorting processes.
The custom display modules designed and delivered by MicroVision,
project information directly onto packages. Because the sizes of
packages coming through the sorting process vary greatly, the infinite
focus and variable field of view projection of PicoP display technology
make it well-suited for this application. The overall brightness of the
laser-based projector module provides easy visibility for the package
handlers.
About MicroVision
MicroVision is the creator of PicoP® display technology, an
ultra-miniature laser projection solution for mobile consumer
electronics, automotive head-up displays and other applications.
MicroVision’s patented display technology helps OEMs break down display
boundaries and offer enhanced visibility to mobile experiences. Nearly
two decades of research has led MicroVision to become an independently
recognized leader in the development of intellectual property.
MicroVision’s IP portfolio has been recognized by IEEE, 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 relating
to product operation, suitability and benefits, and those containing
words such as “aimed” and “improve” 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 display engine 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.
Source: MicroVision, Inc.
MicroVision
Dawn Goetter, 425-882-6629 (investors)
ir@microvision.com
or
Robert
Brown, 424-248-0512 (media/PR)
robert@bohle.com