10/11/2001 6:50:00 AM
BOTHELL, Wash.–(BUSINESS WIRE)–Oct. 11, 2001–Microvision, Inc.,
(NASDAQ:MVIS), the leader in light scanning technologies, announced
today that it has shipped a laser-scanning projection display to Ford
Research Laboratory as the result of a four month development effort.
The delivery will be evaluated as a driver’s head-up (HUD)
display, similar to those used in military and commercial aircraft.
The automobile industry is keen to equip cars with new features
ranging from head-up maps, and instrumentation displays to traffic
advisories and a variety of network-based information services.
Microvision’s unique head-up projection system creates a very high
brightness monochromatic image that is designed to appear only when
the driver looks in a particular location.
The palm-sized projection display contains proprietary technology
that creates an image by precisely scanning a single beam of laser
light at very high speed. The beam is projected through a rectangular
lens that causes the image to appear in space when the viewer focuses
on the selected location.
“Our technology is a perfect fit for the automobile industry,”
said Tom Sanko, Microvision’s Vice President of Marketing. “Automotive
displays need to deliver very bright images in small affordable
packages, have a long lifetime and not generate heat. Current
projection technologies aren’t able to achieve most of these
requirements. Compared to the expensive lamps in existing projection
systems, Microvision’s use of laser light sources make a key
difference. Our light sources are very small, very bright and very
“While the automotive category is a relatively new market for
Microvision,” continued Sanko, “we are greatly encouraged by our
ability to demonstrate some fundamental advantages of our technology.
We were able to prototype this system very rapidly because it was
based on pre-existing technology. We look forward to continuing
development in this category and expect to build upon our early
results very quickly.”
Mr. Sanko will be presenting a paper highlighting Microvision’s
work in scanned light displays for automobiles at the Society of
Information Display’s 8th Annual Symposium on Vehicle Displays,
October 15-16, in Detroit, Michigan. He will also be demonstrating
prototypes of Microvision’s Nomad Personal Display System and
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
Forward Looking Statement
The information set forth in this release includes
“forward-looking statements” within the meaning of Section 21E of the
Securities Exchange Act of 1934, as amended, and is subject to the
safe harbor created by those sections. Certain factors that
realistically could cause results to differ materially from those
projected in the company’s forward-looking statements are set forth in
the company’s Annual Report on Form 10-K and Quarterly Reports on Form
10-Q, as filed with the Securities and Exchange Commission.
|Matt Nichols, 425/415-6847|
|Brian Heagler, 425/415-6847|
|Randy Balogh, 206/285-5280|