11/15/2004 9:04:00 AM
Company Selected for Bold Developments in Display Technology
BOTHELL, Wash.–(BUSINESS WIRE)–Nov. 15, 2004–
Microvision, Inc. (Nasdaq:MVIS), a leader in light scanning
technologies, has been named by IEEE Media’s Spectrum Magazine as one
of ‘ten tech companies for the next ten years.’ The November 2004
issue highlights historically significant technologies over the past
forty years, and identifies the most important technologies for the
coming decade.
Ten companies predicted to have a bright future were selected by
Spectrum’s Board of Editors and several IEEE Fellows. IEEE is one of
the most prestigious engineering organizations and its Spectrum
magazine reaches 385,000 paid subscribers who are thought to be
leaders in the technology field. The IEEE, which dates back to 1884,
was formed to support the advancement of technological innovations in
communication and electronics.
Microvision’s scanned beam display technology was identified as
having the ability to solve problems associated with current display
devices. Microvision’s approach to solve these performance issues is a
proprietary and patented display technology that uses eye-safe laser
light sources and LEDs to paint high-resolutions images to the users
eye. The scanned beam display technology superimposes electronic
images and data onto the users real world, creating an image that
appears to the user to be floating about an arms length away.
The full text of the article is available at:
http://www.spectrum.ieee.org/WEBONLY/publicfeature/nov04/1104ten.html.
“We’re honored that IEEE’s distinguished Editorial Board and many
IEEE fellows have placed Microvision into the ‘ten tech companies for
the next ten years’,” stated Rick Rutkowski, Microvision CEO. “This
acknowledgment is an important validation that Microvision’s
technology is recognized and valued by leading members of the
technical community. Microvision’s display technology is already
improving the way individuals work today, and we believe will
dramatically impact the way we work and play in the future.”
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
consumer products.
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., Bothell
Matt Nichols, 425-415-6657 (media)
Brian Heagler, 425-415-6794 (investors)
SOURCE: Microvision, Inc.