11/16/2004 9:02:00 AM
BOTHELL, Wash.–(BUSINESS WIRE)–Nov. 16, 2004–Microvision, Inc.
(Nasdaq:MVIS), a leader in light scanning technologies, has been
included in the 2004 Technology Innovation Winners announced yesterday
by the Wall Street Journal, one of the world’s leading business
publications. The awards recognize technological breakthroughs by
individuals, companies and organizations around the world. The judges
selected Gold, Silver and Bronze winners overall, as well as a winner
in each of 12 industry categories. They also chose 23 runners-up and 2
honorable mentions. The company was chosen as a runner-up in the
Wireless category for its Nomad Expert Technician System, the world’s
first wearable computer with a head-worn see-through display that
enables workers to connect to their networks wirelessly and receive
information at the point of task.
The Journal received 585 applications from more than 24 countries.
Wall Street Journal editors selected 120 semifinalists with the
winners being selected by an independent panel of judges that included
business leaders from around the world. Three factors were considered
most crucial in selecting the winners: first, innovations needed to
address major challenges for which new solutions would have wide
impact; second, innovations should go well beyond what already exists
and cannot simply represent incremental improvements and finally,
entries needed to be supported by rigorous data on their real-word
experience rather than unsubstantiated claims of potential. The full
text of the article is available at: www.wsj.com.
“We’re honored to be included with this select group of exciting
and innovative technology companies,” stated Rick Rutkowski,
Microvision CEO. “This acknowledgment comes on the heels of the IEEE’s
Spectrum Magazine naming of Microvision as one of the ‘ten tech
companies for the next 10 years’ and Hearst Publication’s Motor
Magazine Top 20 Tool Award for our Nomad Expert Technician System.
These awards and acknowledgments are consistent with the positive
feedback we are getting from the market regarding our technology and
About Microvision: www.microvision.com
Headquartered in Bothell, Washington, Microvision, Inc. is the
world leader in the development of high-resolution displays and
imaging systems based on the company’s proprietary silicon
micro-mirror technology. The company’s technology has applications in
a broad range of military, medical, industrial, professional and
Forward Looking Statement
Certain statements contained in this release, including plans for
product development, product applications and future product benefits
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; market acceptance of our technologies and
products; our financial and technical resources relative to those of
our competitors; our ability to keep up with rapid technological
change; our dependence on the defense industry and a limited number of
government development contracts; 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.
CONTACT: Microvision, Inc.
Matt Nichols, 425-415-6657 (Media)
Brian Heagler, 425-415-6794 (Investors)
SOURCE: Microvision, Inc.