8/8/2002 6:02:00 AM
BOTHELL, Wash., Aug 8, 2002 (BUSINESS WIRE) — Microvision, Inc. (Nasdaq:MVIS),
a leader in light scanning technologies, today announced that its Imaging
Solutions Group will formally introduce the Flic(TM) hand-held bar code laser
scanner at Frontline Solutions Exposition, September 23 thru 26, 2002, in
Chicago, Illinois.
Following the successful completion of a run of pilot units and field-testing
during the current quarter, the company plans to make its first shipments of
pre-production units to customers in the weeks ahead, and to ramp up to volume
production in the fourth quarter.
According to Tom Sanko, vice president of marketing for Microvision, the
palm-sized scanner — branded as Flic(TM) — offers a combination of scanning
performance, ease of use and low cost that is unique in the industry. With an
MSRP of $129, Flic will also come with free software that will enable even
novice users to “plug and play” so that they can enjoy the benefits of bar code
technology without any of the programming and support requirements common to
today’s bar code reading products. The highly innovative “virtual wedge”
software automatically enters scanned bar code data into standard Windows(R)
applications, including a wide array of spreadsheet and database applications,
in a way that is intuitive and easy to use. The company will also offer a
variety of accessories that support the product’s ability to be used in diverse
operating environments.
“We are positioning the Flic bar code laser scanner to fill a growing need in
this $1 billion a year market,” Sanko stated. “The Flic bar code laser scanner
is a product that offers a unique combination of great performance and
ergonomics at a great price. As a result, the Flic hand-held scanner can provide
affordable high performance bar code scanning for small to medium sized
organizations, and can also enable broader use of automated data capture in
larger enterprises. Response to our pre-sales effort over the past three months
has been very positive.”
The Flic bar code laser scanner will initially target the distribution channels
for traditional bar code applications, such as retail point of sale, asset
management, inventory and document control, transportation logistics and
medical.
Digital photo of Flic is available — contact Matt Nichols or Jami Nielsen,
Microvision, 425/415-6657, or via e-mail at mattn@microvision.com,
jami_Nielsen@microvision.com.
About Microvision: www.mvis.com
Headquartered in Bothell, Wash., Microvision Inc. is the developer of the
patented retinal scanning display technology and a world leader in micro
miniature optical scanning technology for display and imaging applications. The
company’s technology has applications in a broad range of military, medical,
industrial, professional and consumer information products.
Forward Looking Statement
Certain statements contained in this release, including plans applications and
product development and marketing, as well as statements containing words like
“believe,” “anticipate,” “estimate,” “intend,” “expect,” and other similar
expressions, 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 our forward-looking statements include the following: market
acceptance of our technologies and products; our financial and technical
resources relative to those of our competitors; our ability to obtain financing;
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 and to develop partnership opportunities; the timing of commercial
product launches; the ability to achieve key technical milestones in key
products; and other risk factors identified from time to time in our SEC
reports, including in our Annual Report on 10-K for the year ended December 31,
2001 and our Quarterly Reports on Form 10-Q.
CONTACT:
Microvision, Inc.
Matt Nichols, 425/415-6657 (media)
Brian Heagler, 425/415-6794 (investors)
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