7/1/2008 9:02:00 AM
REDMOND, Wash.–(BUSINESS WIRE)–July 1, 2008–Microvision, Inc.
(NASDAQ:MVIS), a developer of light-scanning technologies for display
and imaging products, joined the U.S. small-cap Russell 2000(R) Index
and the Russell Global Index when Russell Investments reconstituted
its comprehensive family of global indexes on June 27, 2008.
Membership in the Russell 2000, which remains in place for one year,
is based on membership in the broad-market Russell 3000(R) Index.
Annual reconstitution of Russell’s U.S. indexes captures the 4,000
largest U.S. stocks as of the end of May, ranking them by total market
capitalization. Russell determines membership for its equity indexes
primarily by objective, market-capitalization rankings and style
attributes. The Russell 3000, composed of the large-cap Russell
1000(R) Index and small-cap Russell 2000(R) Index, also serves as the
U.S. component to the Russell Global Index, which Russell launched
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for both
passive and active investment strategies. An industry-leading $4.4
trillion in assets currently are benchmarked to them. These investment
tools originated from Russell’s multi-manager investment business in
the early 1980s when the company saw the need for a more objective,
market-driven set of benchmarks in order to evaluate outside
investment managers. Real-time market analysis on the Russell 3000 and
other Russell Indexes is available at
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 products, 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.
CONTACT: Microvision, Inc.
Matt Nichols, 425-882-6657
Tiffany Bradford, 425-936-6847
SOURCE: Microvision, Inc.