6/3/2002 6:33:00 AM
Companies exhibit at American Telemedicine Association Meeting thru June 5 in Los Angeles
BOTHELL, Wash.–(BUSINESS WIRE)–June 3, 2002– Microvision, Inc., (Nasdaq:MVIS), announced today that ViTel
Net(TM) (http://www.vitelnet.com), a leading developer of telemedicine
solutions has agreed to be a co-marketing partner and value added
reseller for the Nomad Personal Display System.(TM)
The two companies will collaborate on solutions that combine ViTel
Net ‘s Total Enterprise Telemedicine (wireless hospital information
systems) Solutions with Microvision’s Nomad Personal Display System.
They will demonstrate examples to prospective customers at the
American Telemedicine Association’s Seventh Annual Meeting thru June
5, 2002 at the Los Angeles Convention Center. Microvision estimates a
potential available opportunity of 300,000 key hospital workers in the
U.S. alone that would benefit from the combined Nomad/ViTel Net
offering.
Founded in 1989, ViTel Net(TM) offers a full spectrum of scalable,
customizable and Internet enabled telemedicine solutions, based on its
MedVizer(TM) software application. MedVizer is a robust,
open-architecture, cross-platform, windows operating system software
environment that allows secured information sharing in a wide-array of
settings. Scalable hardware and software configurations are easily
customized to meet specific clinical needs. ViTel Net’s telemedicine
solutions are compatible with standard telecommunication protocols
(wireless, POTS, ISDN, T-1, satellite, etc.), are medical device
neutral and integrate with most legacy information systems.
Both Microvision and ViTelNet have contracts with the U.S. Army’s
Wireless Medical Enterprise Program’s Telemedicine and Advanced
Technology Research Center (TATRC) for the initial phase in the
development of a mobile wireless system for medical applications.
Microvision recently announced a $3.3 million development contract
from TATRC for the development of a new personal display to enable
military surgical personnel and medics to access, read, and transmit
critical medical data via a head-worn display, wearable computer, and
wireless network.
“This co-marketing partnership gives Microvision access to the
growing telemedicine market with our Nomad system.” said David
Ormerod, Microvision’s medical segment manager. “As part of our
on-going strategy to develop a successful distribution channel and add
partners with keen insight to diverse markets, we believe the Nomad
System will excel in hospital environments where a physician needs
continuous access to information in a hands-free and see-through mode,
including patient monitored information and diagnostic images.”
Microvision has announced the signing of fifteen channel partners in
the past ninety days.
Based on Microvision’s patented retinal scanning technology, the
recently introduced Nomad display system is a high-resolution headworn
display that presents images and information to the user in a
see-through or “head-up” mode. This unique personal display will
enable head-up, hands-free access to information such as diagrams,
instrumentation, maintenance records, moving maps and interactive
training manuals. The Nomad display features full
daylight-readability, allowing users to view high contrast images in
even the most challenging ambient lighting conditions. High quality,
Super VGA resolution makes the Nomad immediately compatible with a
broad range of existing applications and content.
By enabling users to merge selected electronic images into their
natural field of vision, the Nomad Personal Display System can bring
critical information to the point of task. From flight lines to
factory floors, surgical suites, and more, systems utilizing the Nomad
display can deliver major improvements in productivity, quality and
safety for virtually any type of manual task. The company is targeting
applications for workers in four vertical markets– industrial,
aerospace, medical, and military– that enable customers to keep
information in front of people engaged in manual tasks or on the move.
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
information products. Nomad is a trademark of Microvision, Inc.
About ViTel: www.vitelnet.com
ViTel Net(TM) is a Total Enterprise Telemedicine Solutions
Provider offering a full spectrum of scalable, customizable and
Internet enabled telemedicine solutions. Founded in 1989, ViTel Net is
recognized as a leading telemedicine/e-health development and systems
integration.
Forward Looking Statements
Certain statements contained in this release, including potential
available opportunities, enabling of hands-free access to information
and future 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: market acceptance of our
technologies and products; financial and technical resources relative
to those of our competitors; ability to obtain financing; ability to
keep up with rapid technological change; government regulation of our
technologies; ability to enforce our intellectual property rights and
protect our proprietary technologies; ability to obtain additional
contract awards and to develop partnership opportunities; the timing
of commercial product launches; ability to achieve key technical
milestones in key products; and other risk factors identified from
time to time in the company’s reports filed with the Securities and
Exchange Commission, including in its most recent Annual Report on
Form 10-K and Quarterly Reports on Form 10-Q.
CONTACT:
Microvision, Inc.
Matt Nichols (media)
mattn@mvis.com
or
Brian Heagler (investors)
brian_heagler@mvis.com
425/415-6847