1/4/2005 9:36:00 AM
BOTHELL, Wash.–(BUSINESS WIRE)–Jan. 4, 2005–Microvision Inc.
(Nasdaq:MVIS), a leader in light scanning technologies, today
announced that it has signed its third contract with a major Asian
manufacturer of printers and office equipment for further development
of a MEMS-based scanning engine for high-speed laser printers
utilizing Microvision’s proprietary technology. This contract builds
on the design work and prototype development resulting from two
earlier contract awards. For confidentiality reasons, the name of the
manufacturer and other details were not disclosed.
“We are very pleased with the progress we have made to date in
developing a radically new printing head design that is expected to
provide advantages in size and cost not seen in today’s laser
printers,” said Todd McIntyre, Senior Vice President of Business
Development. “Our model for partnering with world leaders to develop
compelling applications is central to our OEM solution development
effort and we are excited about the progress we are making in a number
of significant large market opportunities.”
About Microvision: www.microvision.com
Headquartered in Bothell, Washington, Microvision, Inc. is the
world leader in the development of high-resolution displays and
imaging systems based on the company’s proprietary silicon
micro-mirror technology. The company’s technology has applications in
a broad range of military, medical, industrial, professional and
consumer products.
Forward-Looking Statement
Certain statements contained in this release 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: market acceptance of our technologies and products; our
ability to obtain financing; our financial and technical resources
relative to those of our competitors; our ability to keep up with
rapid technological change; 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 and to develop partnership opportunities; the timing
of commercial product launches; the ability to achieve key technical
milestones in key products; and other risk factors identified from
time to time in the company’s SEC reports, including in its Annual
Report on 10-K for the year ended December 31, 2003, and its Quarterly
Reports on Form 10-Q.
CONTACT: Microvision Inc.
Matt Nichols (media), 425-415-6657
Brian Heagler (investors), 425-415-6794
SOURCE: Microvision Inc.