10/27/2009 6:31:00 AM
REDMOND, Wash.–(BUSINESS WIRE)–Oct. 27, 2009–
Microvision, Inc. (NASDAQ:MVIS), a global leader in innovative
ultra-miniature projection display and image-capture products for
mobility applications, announced today that it has received an initial
purchase order from its European distributor for its SHOWWX™ laser-based
pico projector to be sold by one of the world’s top mobile phone
operators. The initial quantities of SHOWWX are expected to be deployed
within the next month in Europe and at that time more details are
expected to be provided by the mobile carrier.
“We are extremely pleased to welcome our first global mobile phone
operator as a SHOWWX launch customer for 2009,” stated Alexander Tokman,
Microvision President and CEO. “Carriers serve as the frontline to
mobile subscribers and as a result often influence mobile handset
designs to include new features that delight their customers and help
achieve a broader subscriber base and higher revenue per user. We
believe that interest from one of the three largest carriers in the
world in this application and specifically in Microvision’s PicoP® laser
projection technology is an important first step towards future
accessory and embedded opportunities.”
Microvision’s Made for iPod® SHOWWX laser pico projector, based on the
PicoP display engine, delivers a colorful, vivid “big screen” viewing
experience from a device about the size of a mobile phone. Users of the
SHOWWX can also connect to other portable media players, mobile phones
and notebooks to spontaneously share movies, YouTube™, photos,
presentations and more with their friends, family or business
associates. The SHOWWX can project images up to 200 inches across,
depending on the ambient lighting conditions, without the user ever
having to adjust focus.
About Microvision, Inc.
Microvision provides the PicoP 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).
Forward-Looking Statements Disclaimer
Certain statements contained in this release, including those relating
to future product shipments and introduction, product applications
and market opportunity, and statements containing words such as
“expects” and “believes” and similar statements, 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 planned
future products dependence on advances in technology by other companies,
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, Inc.
Microvision, Inc.
Matt Nichols (media), 425-882-6657
or
Jeff
Wilson (investors), 425-936-6847