3/31/2008 6:04:00 AM
<![CDATA[REDMOND, Wash., Mar 31, 2008 (BUSINESS WIRE) — At CTIA Wireless 2008, Microvision (NASDAQ:MVIS), a leader in the
development of ultra-miniature projection display and image capture
technology for mobile devices will demonstrate advanced pico projector
prototypes enabled by the company's PicoP(TM)- display engine.
Microvision expects the PicoP will first be incorporated as a handheld
accessory product that can connect to multiple consumer devices to
project large, vibrant color images onto any surface. Additionally,
the Company is designing PicoP to meet the size and power requirements
necessary to allow it to be integrated inside cell phones and other
consumer devices.
“Consumers want a much better viewing experience than they
currently get from their small mobile device displays,” stated
Alexander Tokman, Microvision President and CEO. “PicoP enabled
devices are expected to let consumers project and share large,
high-resolution, color-rich images onto any surface from devices such
as cell phones, PDA’s, laptops, portable DVD players and hand-held
gaming devices. Whether projecting TV, digital photos, movies,
presentation slides or content from internet browsing to social
networking, we are confident that PicoP enabled devices can deliver
outstanding experiences to consumers and should soon be some of the
hottest new products on the market.”
At the Microvision booth #4411, the company is featuring:
SHOW(TM), an advanced prototype of a PDA-sized, battery-powered,
‘plug-and-play’ pico projector. Microvision’s stand-alone pico
projector prototype connects directly to laptops, mobile phones,
portable media players (PMPs), digital cameras and other mobile
devices to project large, high-resolution images and video onto any
surface. The projected display is always in focus and can range
anywhere from 8 inches (20 cm) to 100 inches (2.5 m) in size depending
upon the ambient lightning conditions. A production version of an
accessory device is expected to offer approximately 2.5 hours of
continuous battery life, sufficient to watch a full-length movie
without a need for recharging.
In addition to the public demonstration of the SHOW accessory
prototype, Microvision plans to demonstrate in private to select
customers the completion of the first embedded PicoP into a
fully-functioning, prototype mobile device. Motorola and Microvision
are working together to demonstrate this prototype, project market
demand, and gauge consumer interest and requirements.
Whether designed as an accessory device, like the SHOW prototype,
or embedded directly into a cell phone, Microvision stated that
PicoP-enabled devices can project a widescreen, WVGA (848 X 480
pixels), DVD-quality image — offering a very different experience
from the tiny 2-inch display solutions available today on various
portable devices. Designed for viewing high-quality projected
information in a variety of controlled lighting environments, the
PicoP projection angle is nearly twice that of many competing
products, leading to an image that is more than 3 times the size for
the same projection distance. This, coupled with the always in focus
operation, and higher perceived brightness enables PicoP to deliver a
compelling and user-friendly experience.
According to Microvision the PicoP display engine has already
attracted the interest of numerous device manufacturers, carriers and
content providers. Additionally, Microvision has recently announced a
variety of agreements with global supply chain partners who are
expected to support high-volume production of the PicoP display
engine, as well as integration of the PicoP display engine into
commercial products.
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 product introductions, applications, business
partnering expectations, and business prospects, as well as statements
containing words like “expect,” “can,” “should,” 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: 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
Microvision
Matt Nichols, 425-882-6657 (media)
Maria Vetrano, 617-876-2770 (media)
Tiffany Bradford, 425-936-6847 (investors)