7/24/2007 6:02:00 AM
REDMOND, Wash.–(BUSINESS WIRE)–July 24, 2007–Microvision
(Nasdaq: MVIS) today announced that it has signed an agreement with
Motorola to develop pico projector display solutions for mobile
applications leveraging Microvision’s ultra-miniature laser based
display engine, called PicoP(TM).
Tiny laser-based projectors are expected to enable a “big screen”
viewing experience from mobile devices. By projecting content
displayed on the device screen onto a wall, object or even a curved
surface, mobile users could easily share Websites or multimedia
applications such as movies, personal videos, mobile TV, photographs
and presentations with friends or business colleagues.
“Motorola is committed to driving technology innovation that will
enable the next generation of great consumer experiences,” said Rob
Shaddock, CTO, Motorola Mobile Devices business. “Working together
with Microvision, we are pursuing ways that projection technology can
redefine how mobile consumers view and interact with the media they
take with them.”
“With its slim form factor and low power requirements,
Microvision’s PicoP projector is optimized for the mobile
environment,” stated Alexander Tokman, President and CEO of
Microvision. “We believe that our unique display technology, combined
with Motorola’s focus on delivering cool experiences, would allow
mobile users to enhance their viewing of information and
entertainment.”
Terms of the agreement were not disclosed, however the companies
revealed they will work together initially to integrate Microvision’s
latest PicoP projector inside a functioning mobile device for
demonstration purposes. This prototype handset will utilize
Microvision’s new, WVGA (854 x 480 color pixels) wide angle scanner,
first demonstrated in May 2007 at the Society of Information Display
annual conference.
About Microvision: www.microvision.com
Microvision provides the PicoP 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 statements contained in this release, including those
relating to future products, product applications and benefits, market
opportunity, future product form factor and power requirements, as
well as statements containing words like “expects,” “believes,” 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; 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 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.
CONTACT: Microvision
Matt Nichols, 425-882-6657 (media)
or
Jeff Wilson, 425-882-6625 (investors)
SOURCE: Microvision