4/8/2015 9:01:15 AM
REDMOND, Wash.–(BUSINESS WIRE)–Apr. 8, 2015–
Inc. (NASDAQ:MVIS), a leader in innovative ultra-miniature
projection display technology, today announced that, since March 1, the
company received cash proceeds of approximately $2.5 million from the
exercise of previously issued and outstanding warrants to purchase an
aggregate of 1,175,000 shares of common stock of the company.
MicroVision is the creator of PicoP® display technology, an
ultra-miniature laser projection solution for mobile consumer
electronics, automotive head-up displays and other applications.
MicroVision’s patented display technology helps OEMs break down display
boundaries and offer enhanced visibility to mobile experiences.
Extensive research has led MicroVision to become an independently
recognized leader in the development of intellectual property.
MicroVision’s IP portfolio has been recognized by the Patent Board as a
top 50 IP portfolio among global industrial companies and has been
included in the Ocean Tomo 300 Patent Index. The company is based in
MicroVision and PicoP are trademarks of MicroVision, Inc. in the
United States and other countries. All other trademarks are the
properties of their respective owners.
Certain statements contained in this release, including those relating
to potential applications of MicroVision technology, 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: the risk that our partner may not have significant sales of
products and we may not receive significant future royalties under the
license agreement; our ability to raise additional capital when needed;
products incorporating our PicoP display technology may not achieve
market acceptance; our ability to conclude agreements with potential
customers; commercial partners may not perform under agreements as
anticipated; we may be unsuccessful in identifying parties interested in
paying any amounts or amounts we deem desirable for the purchase or
license of IP assets; our or our customers’ failure to perform under
open purchase orders; our financial and technical resources relative to
those of our competitors; our ability to keep up with rapid
technological change; 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.
Except as expressly required by 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.