1/4/2007 9:02:00 AM
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Company to Unveil Tiny Display Module During Consumer Electronics
Show in Las Vegas
REDMOND, Wash.–(BUSINESS WIRE)–Jan. 4, 2007–Microvision
(NASDAQ:MVIS), the global leader in light scanning technologies for
display and imaging products, announced today that it will unveil and
demonstrate during the Consumer Electronics Show in Las Vegas an
ultra-thin, miniature full-color projection display that is small
enough to be embedded in portable hand-held devices including mobile
phones. The miniature projection display prototype, based on
Microvision’s proprietary Integrated Photonics Module (IPM), has been
developed in collaboration with one of the Company’s high volume
manufacturing partners to position Microvision to deliver mobile users
worldwide a large screen viewing experience inside a thin and sleek
portable package.
“Small, two inch displays that are common to mobile devices such
as cell phones are barriers to growth of exciting mobility markets,
because they limit the user viewing experience,” said Alexander
Tokman, President and CEO of Microvision. “Our projection display
solution is expected to eliminate this bottleneck, benefiting
consumers, mobile operators, content providers, and consumer
electronics OEMs. As our display is further optimized for high volume
manufacturing, OEMs are expected to create a new generation of mobile
devices with powerful projection display capabilities. Content
providers should benefit by expanding their portfolio of visually rich
content and application services. Mobile operators should benefit from
an enhanced user experience by increased adoption of mobile data
services such as mobile TV. Consumers should be able to obtain a
radically new viewing experience by projecting photos, videos, movies,
and TV from personal mobile devices onto virtually any surface for
entertaining and sharing with friends and family — whenever,
wherever.”
The image produced by Microvision’s display is extremely sharp and
vivid whether being projected to view an image the size of a laptop
screen or further away to view an image the size of a big screen
plasma TV. Currently measuring a slim 8 mm this extremely small
display package, about the size of a “thin mint” chocolate candy or
the generation two iPod(R) shuffle, has been dramatically miniaturized
to 1/10 the size of the company’s original prototype shown in June
2006 at the Society for Information Display. The Company and its high
volume manufacturing partners will continue to develop this exciting
technology into products that are expected to meet very aggressive
market requirements for size, power, cost, and performance.
Microvision plans to demonstrate the projection display prototype
at private showings for prospective global OEM customers, members of
the media and institutional investors during the 2007 Consumer
Electronics Show in Las Vegas, January 7 – 11. The company is
showcasing how its display could be embedded directly into a device
like a mobile phone, as well as be used as a standalone accessory
display with a variety of mobile devices.
“This development represents a major milestone in the company’s
turnaround and growth strategy set in place in 2006,” – concluded
Tokman. “Our product development team has done an outstanding job and
we believe that our customers and partners will be delighted by what
we have to show during CES.”
About Microvision www.microvision.com
Headquartered in Redmond, Wash., 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 consumer, medical, industrial, professional and military products.
Forward-Looking Statement
Certain statements contained in this release, including those
relating to plans for product development, expected product benefits,
potential applications and future commercial arrangements as well as
statements containing words like “believes,” “expects,” ” “plans,”
“should,” “will,” 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: the risk that we will not achieve the expected goals of our
development agreements, our ability to raise additional capital when
needed; 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; risks related to Lumera’s business and
the market for its equity, market acceptance of our technologies and
products; 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;; 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.
iPod(R) is a trademark of Apple Computer, Inc., registered in the
U.S. and other countries. All other trademarks are the properties of
their respective owners.
MULTIMEDIA AVAILABLE:
http://www.businesswire.com/cgi-bin/mmg.cgi?eid=5303338
CONTACT: Microvision
Jeff Wilson (investors), 425-882-6625
Matt Nichols (media), 425-882-6657
SOURCE: Microvision