4/23/2008 6:02:00 AM
<![CDATA[New MEMS-Based Scanner Offers Price/Performance/Connectivity Benefits to Brightpoint CustomersREDMOND, Wash., Apr 23, 2008 (BUSINESS WIRE) — Microvision, Inc. (NASDAQ:MVIS), a global leader in innovative
ultra-miniature projection display and image capture products for
mobile devices, today announced that Brightpoint North America L.P.
(“Brightpoint”) a subsidiary of Brightpoint, Inc. (NASDAQGS: CELL), a
global leader in the distribution of wireless devices and provider of
customized logistic services to the wireless industry, has signed a
master distribution agreement with Microvision. Pursuant to the
agreement, Brightpoint will distribute Microvision’s ROV bar code
scanners and related accessories to its various distribution channels
in the United States.
ROV’s mobility specific feature set including Bluetooth
connectivity allows it to be bundled with innovative line of business
software applications running on standard handset devices in order to
enhance mobile worker productivity.
Mitch Black, Executive Vice President, Product Sales and
Distribution for Brightpoint, stated, “The ROV scanner will help
Brightpoint support customer demand for highly portable devices that
provide a simple and affordable mobile data collection solution.
Combining performance and ease-of-use, the ROV scanner makes it easier
for customers to deploy wireless solutions to improve their business
productivity. We believe it will hit a ‘sweet spot’ in the market for
flexible, affordable and power-efficient bar code scanning.”
Alexander Tokman, Microvision President & CEO stated, “Microvision
is committed to providing innovative value-add products to mobility
users–and the ROV scanner is an important part of our product
portfolio. The ROV scanner was designed specifically to support
growing mobility markets, and we look forward to working closely with
Brightpoint to ensure a successful launch of our product to their
global customer base.”
About ROV
Based on Microvision’s unique microelectromechanical system (MEMS)
scanning mirror technology–ROV is Microvision’s newest generation
hand-held data capture device. The ROV Scanner offers a broad range of
bar code symbol decodes, boasts onboard memory to hold more than 4,000
scans, and runs on inexpensive AAA batteries. To further support
mobile workers, the scanner can be operated using rechargeable
batteries and has rubberized grip points to keep the scanner securely
fitted in the user’s hand. Also available with the ROV Scanner is
connectivity software for all major mobile computing platforms
including Windows(R), Windows Mobile(R), BlackBerry(R), Symbian(R) and
Palm(R), to enable complete mobile data capture solutions.
About Brightpoint:
Brightpoint, Inc. (NASDAQGS: CELL) is a global leader in the
distribution of wireless devices and in providing customized logistic
services to the wireless industry. In 2007, Brightpoint handled
approximately 83 million wireless devices globally. Brightpoint’s
innovative services include distribution, channel development,
fulfillment, product customization, e-Business solutions, and other
outsourced services that integrate seamlessly with its customers.
Brightpoint’s effective and efficient platform allows its customers to
benefit from quickly deployed, flexible, and cost effective solutions.
The company has approximately 3,300 employees in more than 25
countries. In 2007 Brightpoint generated revenue of $4.3 billion and
net income of $47.4 million. Brightpoint provides distribution and
customized services to over 25,000 B2B customers worldwide. Additional
information about Brightpoint can be found on its website at
www.brightpoint.com, or by calling its toll-free Information and
Investor Relations line at 877-IIR-CELL (877-447-2355).
About Microvision: www.microvision.com
Microvision provides the PicoP(TM) display technology platform
designed to enable next generation display and imaging products for
pico projectors, vehicles displays, and wearable displays that
interface to mobile devices. The company also manufactures and sells
its bar code scanner product line which features the company’s
proprietary MEMS technology.
Forward-Looking Statements Disclaimer
Certain information in this press release may contain
forward-looking statements regarding future events or the future
performance of Brightpoint. These statements are only predictions and
actual events or results may differ materially. Please refer to the
documents Brightpoint files, from time to time, with the Securities
and Exchange Commission; including, Brightpoint’s most recent Form
10-K and Exhibit 99.1, thereto. These documents contain and identify
important risk factors that could cause the actual results to differ
materially from those contained in or implied by these forward-looking
statements. Readers are cautioned not to place undue reliance on these
forward-looking statements that speak only as of the date these
statements were made. Brightpoint undertakes no obligation to update
any forward-looking statements contained in this press release.
Certain statements contained in this release, including those
relating to product launches, applications, business partnering
expectations, and business prospects, as well as statements containing
words like “believe,” “expect,” “can,” “should,” 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: our ability to raise
additional capital when needed; the risk of market acceptance of our
technology and products, our financial and technical resources
relative to those of our competitors; our ability to keep up with
rapid technological change; our ability to enforce our intellectual
property rights and protect our proprietary technologies; the timing
of commercial product launches and delays in product development; the
ability to achieve key technical milestones in key products; our
ability to secure needed third party manufacturing and sales
resources, 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 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.
Media:
Matt Nichols, 425-882-6657
or
Investors:
Tiffany Bradford, 425-882-6629