2/23/2012 3:18:25 PM
Company to report successful completion of its primary 2011 objectives
REDMOND, Wash.–(BUSINESS WIRE)–Feb. 23, 2012–
MicroVision, Inc. (NASDAQ:MVIS), the leader in innovative
ultra-miniature projection display technology, today announced it will
host a conference call to discuss its 2011 financial and operating
results and 2012 business objectives on Monday, February 27, 2012 at
8:30 a.m. ET / 5:30 a.m. PT.
The call will include a report on 2011 achievements, including that the
company completed its three primary objectives:
Advancement of its next-generation HD PicoP® display technology based
on direct green lasers (PicoP® Gen2) for commercialization in the
first half of 2012.
- Revenue growth of 18 percent from 2010.
Reduction in cash used in operations of 40 percent compared to the
The company will provide more details during the call on the 2011
results as well as outline the objectives for 2012.
Participants may join the conference call by dialing 866-272-9941 (for
U.S. participants) or 617-213-8895 (for international participants) ten
minutes prior to the start of the call. The conference call pass code
number is 25048503. A live webcast of the call can be accessed from the
company’s web site at www.microvision.com/investors.
A replay of this call will be available after the conference call
concludes through the same link or by calling 888-286-8010 (U.S.) or
617-801-6888 (International), pass code 45687518.
MicroVision provides the PicoP® display technology platform which
enables next-generation display and imaging products for pico
projectors, vehicle displays and wearable displays that interface with
mobile devices. The company’s projection display engine uses highly
efficient laser light sources that create vivid images with high
contrast and brightness.
For more information, visit us on:
Certain statements contained in this release, including those relating
to future products 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: our ability to raise additional capital when needed; 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.
Tiffany Bradford, 425-882-6629 (investors)
Snyder , 503-471-6816 (media/PR)