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Microvision Receives $915,000 Contract from the United States Air Force Research Laboratory for Further Development of Portable Eyewear Display

June 13, 2006 By JSMT Media

Microvision Receives $915,000 Contract from the United States Air Force Research Laboratory for Further Development of Portable Eyewear Display
6/13/2006 8:02:00 AM
REDMOND, Wash., Jun 13, 2006 (BUSINESS WIRE) — Microvision, Inc. (Nasdaq:MVIS), the leader in light
scanning technologies for display and imaging products, announced
today that it has recently received a $915,000 contract from the
United States Air Force Research Laboratory located at
Wright-Patterson Air Force Base, OH. The contract is to advance the
development of a portable eyewear display.

“The work that will be performed under this contract is squarely
within our strategic product path and will take us one step closer to
a see-through display solution with a form factor of a pair of eye
glasses,” said Alexander Tokman, Microvision CEO. Microvision
currently produces and sells head-worn see-through displays that are
helmet- or cap-mounted.

About Microvision: www.microvision.com

Headquartered in Redmond, Wash., 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 enables solutions and products in
a broad range of industrial, consumer, military, and medical
applications.

Forward-Looking Statement

Certain statements contained in this release, including those
relating to future products and solutions and product applications,
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: capital market risks, 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, risks related to
Lumera’s business and the market for its equity and other risk factors
identified from time to time in the company’s SEC reports and other
filings, 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., Redmond
Investors: Jeff Wilson, 425-882-6625
Media: Matt Nichols, 425-882-6657

Filed Under: Uncategorized

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About MicroVision

MicroVision is the creator of PicoP® scanning technology, an ultra-miniature sensing and laser projection solution based on the laser beam scanning methodology pioneered by the company. MicroVision’s platform approach for this advanced sensing and display solution means that it can be adapted to a wide array of applications and form factors. It is an advanced solution for a rapidly evolving, always-on world.

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