1/17/2008 9:06:00 AM
Microvision Recognized as Leader in Pico Projection Displays
REDMOND, Wash.–(BUSINESS WIRE)–Jan. 17, 2008–Microvision, Inc.
(NASDAQ:MVIS) announced today that it will be a presenter at SPIE
Photonics West, January 21st, 2008, in San Jose, CA. SPIE Photonics
West is the largest exhibit in North America on cutting-edge
The plenary talk, entitled “High-Resolution Displays, One Pixel at
a Time,” will be presented by Randy Sprague, Microvision Chief
Engineer, and it will cover the inherent benefits of Microvision’s
PicoP single mirror solution for mobile projectors, including higher
performance, lower power, smaller size, and lower cost.
At the 2008 Consumer Electronics Show (CES) in Las Vegas,
Microvision demonstrated a hand-held battery-powered mobile projector,
code-name SHOW(TM), powered by Microvision’s PicoP display engine. The
SHOW received extensive press coverage at CES. Highlights can be
accessed through the Company’s web site at www.microvision.com.
Microvision has previously communicated advanced prototypes of
SHOW will be available in limited quantities to select OEM and carrier
partners for customer feedback and applications development in the
first half of 2008. The release of a commercial product is targeted
for the end of 2008. Demonstrations of SHOW will be held again at the
3GSM conference in Barcelona in February 2008.
“We are very pleased with the positive response from OEMs, supply
chain partners and consumers to the SHOW,” stated Alexander Tokman,
President and Chief Executive Officer of Microvision. “We continue to
execute our go-to-market strategy and remain optimistic about
Microvision provides a display technology platform to enable
next-generation display and imaging products for pico projectors,
vehicles displays, and wearable displays that interface to mobile
devices. The company also manufactures and sells its bar code scanner
product line which features the company’s proprietary MEMS technology.
Certain statements contained in this release, including those
relating to future product releases, future applications and future
business prospects, 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: our ability to raise
additional capital when needed; 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; 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; 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.
CONTACT: Microvision, Inc.
Matt Nichols, 425-882-6657
Tiffany Bradford, 425-936-6847
SOURCE: Microvision, Inc.