11/13/2003 9:43:00 AM
BOTHELL, Wash.–(BUSINESS WIRE)–Nov. 13, 2003–Microvision, Inc.
(Nasdaq:MVIS), a leader in light scanning technologies, today
announced that it has received orders for an additional 2,700 Flic(TM)
laser bar code scanners.
The most recent order follows an order for 2,900 units that the
company reported yesterday, bringing to 5,600 the total number of
units ordered during the last seven days. The most recent orders are
for 2,100 tethered/batch scanners and 600 cordless scanners. The
orders also include accessory items, such as docking stations,
universal holsters and protective boots.
“We are beginning to see increased activity and momentum in the
sales channel and we are optimistic that this trend will continue to
develop during this quarter and into next year,” said Andrew Lee, vice
president of sales. “These initial orders are coming from one of our
larger channel partners as they begin to get units out to their
worldwide sales force and into the market.”
About Microvision: www.microvision.com
Headquartered in Bothell, Wash., Microvision, Inc. is a world
leader in the development of high resolution displays and imaging
systems based on the company’s proprietary silicon micromirror
technology. The company’s technology has applications in a broad range
of military, medical, industrial, professional and consumer products.
Microvision has been working with Canon, BMW, the Electronics
Research Lab of Volkswagen of America and others to develop a number
of display and image capture product applications based on its
proprietary scanned beam technology.
Forward-Looking Statements Disclaimer
Certain statements contained in this release, including
projections of revenues, expenses and losses, plans for product
development, sales, customers and channel partners, reductions in
sales cycle, signing of contracts, future operations and shipping of
products, as well as statements containing words like “believe,”
“anticipate,” “estimate,” “intend,” “will,” “seek,” “look forward,”
“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 the company’s 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; dependency on advances by third
parties in certain technology used by us and other risk factors
identified from time to time in the company’s SEC reports, including
in its Prospectuses filed pursuant to Rule 424(b) on November 3, 2003,
its Annual Report on 10K for the year ended December 31, 2002 and its
Quarterly Reports on Form 10-Q.
CONTACT: Microvision, Inc.
Brian Heagler (investors), 425-415-6794
Matt Nichols (media), 425-415-6657
SOURCE: Microvision, Inc.