8/15/2013 5:56:00 PM
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Groundbreaking product now with updated features and one of the first
to use direct green lasers
REDMOND, Wash.–(BUSINESS WIRE)–Aug. 15, 2013–
MicroVision,
Inc. (NASDAQ:MVIS), a leader in innovative ultra-miniature
projection display technology, is pleased to recognize and congratulate
Pioneer Corporation on its introduction of a new CYBER
NAVI Car Navigation System for the Japanese market. The product
incorporates MicroVision’s next-generation HD PicoP® display
technology based on direct green lasers (PicoP® Gen2) to
offer drivers a new way to experience data on the road.
According to a recent press
release issued by Pioneer, its Carrozzeria CYBER NAVI has always
pursued a spirit of innovation and industry leadership to create new
value. The CYBER NAVI, the world’s first head-up display (HUD) to
project augmented reality information in front of the windscreen and the
world’s first onboard HUD to use lasers, now has new “Smart Loop” eye
information sharing service. A recent Engadget
review of the product described the enhancement for drivers as “giving
them a crowdsourced glimpse of any trouble that lies ahead.”
The display engine based on PicoP® display technology
embedded in the CYBER NAVI HUD delivers bright, clear, full-color images
viewable in daylight from a small form factor with low power
requirements. Pioneer’s video demonstrates how the driver’s augmented
reality experience is aided by the brightness of the projected display
achieved with PicoP® display technology. Watch the latest Pioneer
AR HUD video on You Tube now.
Pioneer was the first customer under MicroVision’s “Image by PicoP®”
ingredient brand business model, and the CYBER NAVI HUD was the first
commercial product based on MicroVision’s PicoP® Gen2 display
technology when it debuted in Japan in July, 2012. The product was also
one of the first to use direct commercial green lasers.
About MicroVision
MicroVision provides the PicoP® display technology platform designed to
enable next-generation display and imaging products for consumer
devices, vehicle displays and wearable displays. The company’s patented
PicoP display technology combines a MEMS scanning mirror with highly
efficient laser light sources to create vivid images with high contrast
and brightness.
MicroVision is an independently recognized leader in the development of
intellectual property. MicroVision has been recognized by IEEE as a top
20 IP portfolio among all global electronics companies, and the top U.S.
Company in the rankings. MicroVision’s intellectual property portfolio
has also been recognized by the Patent Board, in association with the
Wall Street Journal, as a top 50 IP portfolio among all global
industrial companies. The Patent Board has developed more than 50
indicators that track global patent activity relating to companies’
innovation, technology, and science strengths. MicroVision’s
intellectual property portfolio is further recognized by having been
included in the Ocean Tomo 300 Patent Index. The Index is priced and
published by the NYSE Euronext (NYSE:OTPAT). The Index is objectively
based on the value of corporate intellectual property.
For more information, visit us on:
Website: www.microvision.com
Blog: www.microvision.com/displayground
Twitter: www.twitter.com/microvision
Facebook: www.facebook.com/MicrovisionInc
YouTube: www.youtube.com/mvisvideo
Forward-Looking Statements
Certain statements contained in this release, including those relating
to future products and technology, 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; products incorporating our
PicoP display engine may not achieve market acceptance, commercial
partners may not perform under agreements as anticipated, we may be
unsuccessful in identifying parties interested in paying any amounts or
amounts we deem desirable for the license of IP assets; our customers’
failure to perform under open purchase orders; our financial and
technical resources relative to those of our competitors; 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; 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 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.
MicroVision, Inc.
Dawn Goetter, 425-882-6629 (investors)
or
Edelman
Rachel
Weikum, 503-471-6840 (media/PR)