2/20/2003 6:31:00 AM
BOTHELL, Wash., Feb 20, 2003 (BUSINESS WIRE) — Microvision, Inc.
(Nasdaq:MVIS), a leader in light scanning technologies, and WAV(R) Inc.
(www.wavonline.com), a leading value-added distributor, have announced their
arrangement to market the affordable, yet powerful Flic(TM) hand-held laser bar
code scanner to value-added resellers (VARs).
WAV signifies another important strategic milestone in Microvision’s goal of
building a powerful network of tier one distributors to deliver the Flic(TM)
laser bar code scanner to value- added resellers.
“We are excited to be partnering with WAV to deliver our Flic laser bar code
scanner to an important distribution channel for us,” said Tom Sanko, vice
president of marketing for Microvision. “WAV has an outstanding reputation with
thousands of resellers and is nationally recognized as one of the top
distributors in delivering wireless LAN, portable data collection gear, VoIP
technology and portable printers. With this arrangement, WAV’s extensive
reseller customer base will now be able to conveniently source the Flic scanner
in an efficient and convenient manner. We believe this will help provide us with
a strong and rapid foothold into the large and important reseller community.”
“WAV’s strategy has been to work with the most innovative companies in the
marketplace and Microvision’s Flic product represents an extremely exciting
opportunity for resellers who have been looking to service their customers with
laser bar code scanner performance, at the price of a wand,” said Norm Dumbroff,
President and CEO of WAV. “We are eager to offer this product to the solution
provider community. The simplicity, ease of use and low cost of the Flic scanner
design make it ideally suited to enhance productivity and efficiency at the many
small and medium sized operations, and extend bar coding deeper into large
organizations.”
WAV was named one of America’s entrepreneurial growth leaders for the second
time by Inc. magazine, in its 2002 Inc. 500 ranking of the nation’s
fastest-growing private companies. WAV markets solely to Reseller Business
Partners and acts as an extension of the Reseller providing complementary
technologies, staging, help desk services and technical support.
With an MSRP of $129, Flic comes with free software that will enable even novice
users to “plug and play” so that they can enjoy the benefits of bar code
technology without any of the programming and support requirements common to
today’s bar code reading products. The highly innovative Flicware software
automatically enters scanned bar code data into standard Windows(R)
applications, including a wide array of spreadsheet and database applications,
in a way that is intuitive and easy to use. The company also offers a variety of
accessories that support the product’s ability to be used in many operating
environments. Full details about the product can be found at www.flicscanner.com
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.
About WAV(TM), Inc.: www.wavonline.com
WAV(R), Inc., in business for over 10 years, is a full-service, value-added
distributor of wireless LAN, portable data collection gear, VoIP (voice over
Internet protocol) technology, and mobile computing and printing. WAV caters to
data collection applications, including shipping/receiving, point of sale,
retail, medical, logistics, and more. WAV has created a unique niche in the
distribution chain by providing its VARs with leading-edge technology and
world-class service support. Visit www.wavonline.com to learn more about WAV’s
products and services, training, exclusive technical support, and end user leads
programs.
Forward-Looking Statement
Certain statements contained in this release, including plans applications and
product development and marketing, as well as statements containing words like
“believe,” “anticipate,” “estimate,” “intend,” “expect,” 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 our forward-looking statements include the following: market
acceptance of our technologies and products; our financial and technical
resources relative to those of our competitors; our ability to obtain financing;
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 our SEC filings
and reports, including in our most recent filed Registration Statement on Form
S-3.
CONTACT:
Microvision, Inc.
Brian Heagler (investors), 425/415-6794
Matt Nichols (media), 425/415-6657
or
WAV(R)
Adela Schirmer, 630/818-1004
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