11/5/2010 7:03:32 AM
<![CDATA[The Company Adds Over 190 Patents Addressing Pico Projection and
DisplayTechnologies
REDMOND, Wash., Nov 05, 2010 (BUSINESS WIRE) —
Microvision,
Inc. (NASDAQ:MVIS), a leader in innovative ultra-miniature
projection display technology, today announced it has purchased a
significant patent portfolio from Motorola, Inc. that will extend the
company’s intellectual property leadership in pico projection and
display technology.
The portfolio purchased from Motorola’s subsidiary, Symbol Technologies,
Inc., is the largest, broadest and earliest filed laser pico projection
and display portfolio outside of Microvision’s. Motorola’s Symbol
portfolio includes applications such as automotive head up display, 3D
projection, range finding, portable media devices, image capture and
laptop applications. The portfolio complements Microvision’s already
extensive and highly-rated patent assets and brings Microvision’s total
patent count to more than 500 patents, patents pending and licensed
patents worldwide.
“Our fundamental mission as a company is to continuously innovate and
anticipate the market’s needs before others do,” said Alexander Tokman,
President and CEO. “We firmly believe in the significant market
opportunity for pico projectors, automotive displays, gaming devices and
eyewear and the Motorola/Symbol patent portfolio presents a unique
opportunity to enhance our key asset and substantially extend our
leadership position in this space.”
Microvision has been recognized for the innovation, impact and breadth
of its intellectual property by two prestigious industry organizations.
In 2010, the company’s IP portfolio was ranked thirteenth among all
global electronics companies by the Institute of Electrical and
Electronics Engineers (IEEE), achieving the highest ranking of a U.S.
company. The company has ranked in IEEE’s top 20 for the last three
years, each year showing an improved rating. In 2009, Microvision was
recognized by the Patent Board, in association with the Wall Street
Journal, for the second year in a row as a top 50 IP portfolio
holder with its ranking of thirty-eighth among all global industrial
companies.
About Microvision
Microvision provides the PicoP(R) display technology platform designed to
enable next-generation display and imaging products for pico projectors,
vehicle displays and wearable displays that interface with mobile
devices. The company’s projection display engine uses highly efficient
laser light sources which can create vivid images with high contrast and
brightness. For more information, visit the company’s website (www.microvision.com)
and corporate blog (www.microvision.com/displayground).
Forward-Looking Statement
Certain statements contained in this release, including those relating
to future market opportunities and 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; 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.
Media, PR for Microvision:
Callie Snyder, 503-471-6816
callie.snyder@edelman.com
or
Investors:
Tiffany Bradford, 425-936-6847
tiffany_bradford@microvision.com