2/13/2003 9:28:00 AM
Wins Editors Choice Award from MotorBoating Magazine
BOTHELL, Wash., Feb 13, 2003 (BUSINESS WIRE) — Microvision, Inc. (Nasdaq:MVIS)
a leader in light scanning technologies, today announced a new configuration for
its Nomad Augmented Vision System that adds wireless remote video capabilities
to Furuno NavNet(R) radar/chart/plotter systems. The same Nomad System received
the prestigious Editors Choice award from MotorBoating Magazine for Best New
Products and Systems that according to the magazine editors “have raised the bar
for marine technology in 2003.” The award is to be presented today at the Miami
“We are excited about the opportunity of the Nomad System with Furuno navigation
products and the recognition from MotorBoating Magazine,” said Bruce Ridley,
Industrial Marketing Manager for Microvision. “The Nomad System extends the
already fantastic capabilities of Furuno products. By wearing our light-weight
head worn display, Captains view critical radar, positioning, heading, depth and
speed data in their vision while looking at the water in front of the vessel at
all times. In fog and inclement weather conditions, that’s exactly where your
attention needs to be.”
The Nomad Augmented Vision System is a head-worn display that is completely
see-through and bright enough to read in sunlight as well as fog or darkness.
The Nomad System is completely portable and with optional accessories connects
wirelessly to Furuno navigation electronics.
“The Nomad System is a valuable complement to Furuno products,” said Dean
Kurutz, National Sales Manager for Furuno, USA. “In our testing of the Nomad
System we clearly read the NavNet information through the head worn display.
With the ability to be wirelessly connected means you can be virtually anywhere
on the boat and have critical navigation information right in front of your
eyes. This type of capability is very consistent with Furuno’s mission to
deliver electronics that make navigation data easy to read and access.”
The Nomad Augmented Vision System retails for approximately $7,000, and is
easily integrated to the wireless system for $1,000. The total package will be
available through select Furuno dealers in early April.
About Furuno www.furuno.com
FURUNO is internationally recognized as a forerunner in the marine electronics
industry, providing a comprehensive range of products for merchant vessels,
fishing boats, pleasure craft, and many other vessels, together with
well-organized services to support our customers worldwide.
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.
Forward Looking Statement
Certain statements contained in this release, including plans to market
products, opportunities for product sales and distribution, and product
applications, 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 and ability to supply products in commercial quantities; the
ability to achieve key technical milestones in key products; and other risk
factors identified from time to time in our SEC reports, including in our most
recently filed Registration Statement on Form S-3.
Matt Nichols (media), 425/415-6657
Brian Heagler (investors), 425/415-6794
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