5/15/2008 6:31:00 AM
Company to Demonstrate Full-Color Projection Display Capabilities
for Mobile Handsets, Automotive and Wearable Display Applications
REDMOND, Wash.–(BUSINESS WIRE)–May 15, 2008–As consumers look
for new ways to experience better and bigger visualization of data and
video from their tiny mobile device screens, an ultra-miniature
full-color projection display called PicoP(TM) is expected to bring
home-cinema sized viewing to cell phones and even fashionable
eyeglasses as well as projection displays into cars.
Microvision, Inc. (NASDAQ:MVIS), a global leader in innovative
ultra-miniature projection display and image capture products for
mobility applications, announced today that it plans to unveil
advancements in its proprietary ultra-miniature display system, called
PicoP(TM), at the Society for Information Display (SID) annual
conference in Los Angeles, California, May 20 – 22, 2008, booth 849.
Microvision expects to showcase multiple PicoP-enabled pre-commercial
prototypes and engineering demonstrators representing recent
developments it has made in collaboration with the Company’s
manufacturing and supply-chain partners. Microvision’s President and
CEO Alexander Tokman is also scheduled to present at the SID/Cowen
2008 Display Investors Conference on Wednesday, May 21st at 10:00 a.m.
At the SID 2008 exhibition, Microvision plans to publicly
demonstrate a palm-sized, self-contained, battery-operated, full-color
pico projector, called SHOW(TM). The SHOW device is a prototype of a
stand-alone pico projector intended for simple plug-and-play
integration with mobile devices, such as cell phones, MP3 players,
laptops and gaming devices.
Microvision also plans to introduce at SID its SD3000, an
advancement in its see-through, full-color wearable display technology
platform. Compared to existing wearable display technologies, which
partially occlude the user’s surrounding environment or have low
brightness levels, the SD3000 demonstrates bright, unobstructed
see-through capability, allowing content to be clearly readable in
full daylight. According to Dr. Aris Silzars, former President of SID,
who recently previewed the SD3000, “Microvision’s transparent display
solution surpasses the quality threshold for viewers to read messages,
watch videos, or track their surroundings with GPS while still seeing
the outside world. This development is really quite impressive.”
Additionally, Microvision plans to demonstrate its first
full-color vehicle head-up display (HUD) based on the PicoP
technology. A result of recent developments with one of Microvision’s
global Tier 1 automotive partners, the HUD demonstrator shows
automotive designers a full-color, configurable head-up display with
high-contrast and brightness levels that are fully readable–even in
Alexander Tokman, Microvision president and CEO commented, “It was
only a year ago at Display Week 2007 that we first unveiled our
wide-angle PicoP engine. Since then, we have made tremendous progress
towards commercializing the PicoP for several different applications.
To capture the growing global demand, we are actively building the
infrastructure for a high-volume, high-quality delivery of
PicoP-enabled products. We have announced aggressive goals to further
advance PicoP miniaturization, power reduction, and image quality.
This is an exciting time for Microvision and the display industry.”
Microvision’s PicoP display engine is based on a modular, flexible
architecture, comprised of directly modulated light sources,
custom-drive electronics and software, optical combiners and
Microvision’s MEMS single scanning mirror. The tiny scanning mirror
itself is less than one square millimeter in area–or about the size
of the head of a pin. The single scanning mirror is designed to scan
in both horizontal and vertical directions so that a single beam of
light can be precisely steered, in a raster-like fashion, at very high
speeds to project a complete video image.
The inherent advantages of this architecture include small form
factor and low power requirements, while delivering very good image
quality. PicoP uses a collimated beam of light to achieve very
efficient full-color, hi-resolution, high-contrast images.
Additionally, PicoP does not require any projection lenses and is
therefore “focus-free” at any distance, which is another huge
advantage inherent in the PicoP architecture.
About Microvision (www.microvision.com)
Microvision provides the PicoP display technology platform
designed 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.
Forward-Looking Statements Disclaimer
Certain statements contained in this release, including those
relating to future demonstrations, product introductions, applications
and business prospects, as well as statements containing words like
“could,” “expect,” “plan,” 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: our ability to raise additional
capital when needed; the risk of market acceptance of our technology
and products, our financial and technical resources relative to those
of our competitors; our ability to keep up with rapid technological
change; our ability to enforce our intellectual property rights and
protect our proprietary technologies; the timing of commercial product
launches and delays in product development; the ability to achieve key
technical milestones in key products; our ability to secure needed
third party manufacturing and sales resources, 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, 425-882-6629
SOURCE: Microvision, Inc.