9/28/2008 7:01:00 PM
<![CDATA[Company’s Pocket-Sized Laser Projector to Bring ‘Big-Screen Viewing’ to Mobile Devices
REDMOND, Wash.–(BUSINESS WIRE)–
With the global mobile TV market expected to more than double from
$7.9 billion in 2008 to $17.1 billion in 2012, according to the Yankee
Group, a worldwide audience is already viewing YouTube videos, films
and other content on the small screens of mobile devices in record
numbers. Microvision (NASDAQ:MVIS), a global leader in innovative
ultra-miniature projection display and image capture products for
mobility applications, is bringing new technology to original
equipment manufacturers (OEMs) which would alleviate the small-screen
viewing problem which many users dislike. Today the company announced
plans to demonstrate its next-generation pico projector prototype–a
pocket-sized laser projector that connects to mobile phones, personal
media players and other mobile devices–at CEATEC in Tokyo, Japan
(September 30-October 4, 2008, booth 8G06).
“Our latest pico projector prototype provides a thinner, smaller
and brighter PicoP(TM) engine and several image quality enhancements
over the projector which we introduced at CES earlier this year,” said
Alexander Tokman, president and CEO of Microvision. “Through the
integration of new-generation green lasers and electronics innovations
we are able to deliver the type of image quality that we believe will
delight customers. We recently began shipments of this prototype to
our OEM customers for evaluation and end-user testing. We consider
both the new prototype and our work with OEMs as important steps
forward in the path toward commercialization.”
About PicoP: Core Technology of Microvision’s Projector
Microvision’s PicoP display engine, the fundamental technology on
which the company’s laser projector prototype is based, is comprised
of directly modulated light sources, custom-drive electronics and
software, optical combiners and Microvision’s MEMS single scanning
mirror. The tiny scanning mirror itself is less than one square
millimeter in area–or about the size of the head of a pin. The single
scanning mirror is designed to scan in both horizontal and vertical
directions so that a single beam of light can be precisely steered, in
a raster-like fashion, at very high speeds to project a complete video
image.
The inherent advantages of this architecture include small form
factor and low power requirements, while delivering very good image
quality. PicoP uses a collimated beam of light to achieve very
efficient full-color, hi-resolution, high-contrast images.
Additionally, PicoP does not require any projection lenses and is
therefore ‘focus-free’ at any distance–another major advantage
inherent in the PicoP architecture.
CEATEC JAPAN is the Cutting-edge IT & Electronics Comprehensive
Exhibition
Since its inaugural event in 2000, CEATEC JAPAN (Combined
Exhibition of Advanced Technologies) has brought together under one
roof the latest in technologies, products and services that form the
foundation of today’s digital society. The show has grown through the
years as a source of industry information for the global audience.
CEATEC JAPAN 2007 posted record results with 895 exhibitors and
205,859 visitors. For more information, please visit: www.ceatec.com.
About Microvision (www.microvision.com)
Microvision provides the PicoP display technology platform
designed to enable next-generation display and imaging products for
pico projectors, vehicles displays, and wearable displays that
interface to mobile devices. The company also manufactures and sells
its bar code scanner product line which features the company’s
proprietary MEMS technology.
Forward-Looking Statements Disclaimer
Certain statements contained in this release, including those
relating to future demonstrations, product introductions and
applications, as well as statements containing words like “would,”
“believe,” and other similar expressions, 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: availability and quantities of key components, our ability
to raise additional capital when needed; the risk of market acceptance
of our technology and products, our financial and technical resources
relative to those of our competitors; our ability to keep up with
rapid technological change; our ability to enforce our intellectual
property rights and protect our proprietary technologies; the timing
of commercial product launches and delays in product development; the
ability to achieve key technical milestones in key products; our
ability to secure needed third party manufacturing and sales
resources, 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 the 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