1/9/2007 3:05:00 PM
SUNNYVALE, Calif., & REDMOND, Wash.–(BUSINESS WIRE)–Jan. 9,
2007–Novalux, Inc., developer of Necsel(TM) laser technology
announced today that it will demonstrate during the Consumer
Electronics Show in Las Vegas, a ground-breaking prototype miniature
projector based on Microvision’s (NASDAQ:MVIS) Integrated Photonics
Module (IPM(TM)) technology. The ultra-thin, miniature, full-color
projection display, which is small enough to be embedded in portable
hand-held devices including mobile phones, contains the latest
generation of Necsel-based green lasers developed by Novalux.
“We firmly believe in the growth of the ultra-miniature laser
scanning display market, and we are excited to be working with
Microvision, a world leader in this product category,” said
Jean-Michel Pelaprat, CEO of Novalux. “In order to help Microvision
bring their ultra-thin, miniature, full-color projection display
product to market, we mobilized our internal development efforts to
accelerate the maturation of the Necsel green laser technology
optimized for such applications. Novalux believes that ultra-thin
miniature projectors such as the design from Microvision represent one
of the most exciting market opportunities for low power, low cost
green lasers, and we are ramping up our internal investment in
anticipation of growing market demand.”
“This is a very exciting time for Microvision because the green
laser is a critical component in the successful commercialization of
our tiny display engine,” said Alexander Tokman, CEO of
Microvision. “This collaboration, which we initiated in July 2006, has
been very fruitful, and we are extremely pleased with the progress
made by the Novalux development team. This development further
demonstrates that we are on the path to providing commercial products
that are being demanded by our prospective OEM partners.”
About Novalux
Headquartered in Sunnyvale, CA, Novalux has developed proprietary
Necsel(TM) laser technology. Necsel technology combines mass volume
manufacturability with excellent optical performance. Necsel device
attributes include bright, reliable, consistent, speckle-free light
output from a compact, low-cost package, making them ideal for
current- and next-generation display applications.
For more information about Novalux, please contact Executive Vice
President of Marketing Greg Niven at (408) 773-3433, or visit
www.novalux.com.
About Microvision:
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.
For more information about Microvision, please contact
ir@microvision.com, or visit www.microvision.com
Forward Looking Statement — Microvision
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.
CONTACT:
Novalux, Inc.
Greg Niven, 408-773-3433
gniven@novalux.com
or
Getz PR, LLC
Tracy Getz, 541-928-8996
tracy@getzpr.com
or
Microvision, Inc.
Jeff Wilson, 425-882-6625
or
Microvision, Inc.
Matt Nichols, 425-882-6657
SOURCE: Microvision, Inc. & Novalux, Inc.