1/10/2007 9:03:00 AM
<![CDATA[Corning and Novalux Announce Important Milestones on Laser Development for Miniature Projection DisplaysREDMOND, Wash., Jan 10, 2007 (BUSINESS WIRE) — Microvision (Nasdaq:MVIS), the global leader in light scanning
technologies for display and imaging products, confirmed today that
both Novalux and Corning have developed green lasers which have been
incorporated into separate Microvision ultra-thin, miniature full
color projection displays (PicoP(TM)) being demonstrated at the
Consumer Electronics Show (CES) in Las Vegas.
The two laser light source development partners issued press
releases yesterday, January 9, 2007, stating that each has achieved an
important milestone in the development of green lasers to enable the
commercialization of miniature projection displays such as the PicoP.
Both laser manufacturers cited the exciting market opportunities for
compact projection displays that should greatly enhance users viewing
experience in the rapidly growing and diverse mobile, hand-held
electronic device market.
The Novalux and Corning press releases can be accessed through
links on Microvision’s homepage at: www.microvision.com.
Microvision, is demonstrating at CES an ultra-thin, miniature
full-color projection display that is small enough to be embedded in
portable hand-held devices including mobile phones. 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. 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.
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 future product development and future commercial products
and product applications 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.
SOURCE: Microvision Inc.
Jeff Wilson (investors), 425-882-6625
Matt Nichols (media), 425-882-6657