4/4/2002 6:02:00 AM
Engineering Systems Technologies is top distributor of simulation and augmented reality systems to Europe’s industrial leaders
BOTHELL, Wash., Apr 4, 2002 (BUSINESS WIRE)– Microvision (Nasdaq:MVIS) today
announced that it has completed a reseller agreement with Engineering Systems
Technologies (EST) of Kaiserslautern, Germany.
EST is one of Europe’s largest and most successful suppliers of virtual reality
and augmented reality equipment and has delivered solutions to more than 2,000
of Europe’s leading industrial customers including BMW, Volkswagen, Daimler
Chrysler, and Airbus.
Ten-year-old EST has offices in Italy, France and Brazil in addition to their
headquarters and state-of-the-art demonstration laboratory in Germany. The
company has 50 employees who represent more than 40 software and hardware
product lines, including sophisticated tracking systems. They work with a
network of partners to provide customers with complete virtual and augmented
reality systems and solutions for a variety of commercial and industrial
applications.
According to Microvision’s Industrial Sales Director, Bo Ray, EST is Europe’s
top provider of the kind of sophisticated systems that can take advantage of the
powerful features of Nomad Personal Display System.
The Nomad System’s ability to present information in a head-up, hands-free mode
is a powerful enabler for customers who are increasingly using electronic
information and images to support maintenance, manufacturing, design and
training activities in a variety of environments. The Nomad system will allow
users to selectively merge electronic information with their natural field of
view, making for a powerful means of enhancing the productivity, quality and
safety of many work processes.
“We’re really pleased to be working with EST,” said Ray. “Because of their
extended partnership network, EST can provide complete solutions for all manner
of customer requirements. As a result, they occupy a unique position in the
marketplace as customers throughout Europe look to EST for innovative
information solutions. We’re anxious to support EST and their customers with one
of the most exciting visualization products in the marketplace today. We’ve seen
great interest in the Nomad Display System coming out of Europe as a result of
our work with Siemens and other members of the Arvika consortium. Our
partnership with EST is an excellent way to establish our presence in this very
promising marketplace.”
“We are very pleased with the way our reseller network is coming together,”
added Microvision VP of Marketing Tom Sanko. “We continue to align ourselves
with technically savvy partners who can integrate the Nomad Display System into
a growing range of compelling applications. EST is a prime example of a partner
that has a combination of unique systems expertise and market presence that are
both relevant to our objectives for the Nomad product. Quality applications are
the key to a customer’s ability to realize the full benefits of the Nomad
Personal Display. EST has ten years of experience in the development of powerful
solutions that couple unique human interface designs with location tracking and
other sensor technologies. The examples of their work that we have seen are the
kinds of applications that demonstrate a real understanding of how human factors
and information technology can be leveraged to enhance productivity in a
workplace environment. I think we are going to see reference applications coming
out of this relationship that will show the Nomad System to great advantage and
that will set the stage for a number of significant growth opportunities.”
About the Nomad Personal Display System:
Based on Microvision’s patented light scanning technology, the recently
introduced Nomad system is a high-resolution head-worn display that presents
images and information to the user on a see-through virtual 17-inch display.
This unique personal display enables hands-free access to such information
diagrams, instrumentation, maintenance records, moving maps and interactive
training manuals, superimposing the information on the user’s view and creating
“augmented vision.” The Nomad system 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 system
immediately compatible with a broad range of existing applications and content.
From flight paths to factory floors, surgical suites, and more, the Nomad system
can deliver major improvements in productivity, quality and safety for virtually
any type of manual task. The company is targeting applications in four vertical
markets — industrial, aerospace, medical, and military — that enable customers
to provide information at the point of task.
About Microvision: www.microvision.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 EST
Engineering Systems Technologies, located in Kaiserlatern, Germany, provides
cutting edge information technology solutions to customers throughout Europe who
are using CAD, Simulation and Virtual- and Augmented- reality techniques to
realize benefits in an array of design and production processes. www.ets-kl.com
The company has offices in France, Italy and Brazil and boasts a list of more
than 2,000 customers for a variety of powerful solutions.
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.
CONTACT:
Microvision Inc.
Tom Sanko, 425/415-6847 (Media)
Brian Heagler, 425/415-6847 (Investors)
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