10/13/2004 9:35:00 AM
BOTHELL, Wash.–(BUSINESS WIRE)–Oct. 13, 2004–Microvision, Inc.
(Nasdaq:MVIS) announced today an OEM relationship with Smead(R)
(www.smead.com), a leading provider of filing products and records
management solutions. Smead intends to market and distribute
Microvision’s Flic Laser Bar Code Scanner, under the Smead brand, to
medium and large businesses through its network of resellers. The
companies are also working together to provide integrated solutions
packaged for retail distribution to small and medium sized businesses;
a market estimated to include over 5.6 million businesses in the U.S.
Reporting 2003 worldwide revenue of $533 million, Smead offers a
line of more than 5,000 organizational products that can be found in
such business retail centers as Office Depot, Staples, Corporate
Express and Costco Business Centers, as well as through a worldwide
network of resellers and system integrators.
This month Smead will introduce a private label version of
Microvision’s Flic barcode scanner integrated with their Smeadlink(R)
File Room product, an application for tracking physical files and
documents in both a centralized and decentralized filing environment.
Howard Loos, Software Product Manager for Smead said of the
relationship, “Integrating with the Flic scanner allows us to reduce
the total cost of ownership of our existing product offerings that
include a bar code scanner. File Room is the first product offering
we’ve retrofitted to include the Flic handheld scanner. In the near
future, we plan to announce some exciting new products that will also
feature this innovative scanner.”
Tom Sanko, Microvision’s Vice President of Marketing stated, “We
are excited to be building a relationship with Smead. The Smead brand
is recognized and respected worldwide in the office products sector
for products and solutions that help businesses stay organized. The
Flic scanner’s ease of use and flexible feature set make it especially
well suited for document tracking and inventory and supply chain
management applications in a variety of office, retail, and small
business environments. We believe that bundling the Flic scanner with
plug and play software solutions tailored to specific business
activities is going to make bar code scanning more easily accessible
and affordable for businesses of all types. Our relationship with
Smead is a key step toward that very promising future. The Flic
scanner now has access to a very large potential market with an
established brand leader in the space.”
Headquartered in Hastings, Minnesota, Smead is a privately held,
woman-owned business with 2,900 employees and 14 manufacturing plants
located across North America and Europe, including its Smead-Europe
operations in The Netherlands.
About Microvision: www.microvision.com
Headquartered in Bothell, 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 military, medical, industrial, professional and consumer products.
Certain statements contained in this release, including potential
market opportunity, product applications and product benefits, as well
as statements containing words like “intend,” believe” and similar
statements, 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: market acceptance of
our technologies and products; our ability to obtain financing; 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 and to develop
partnership opportunities; the timing of commercial product launches;
the ability to achieve key technical milestones in key products; and
other risk factors identified from time to time in the company’s SEC
reports, including in its Annual Report on 10-K for the year ended
December 31, 2003, and its Quarterly Reports on Form 10-Q.
CONTACT: Microvision, Inc.
Matt Nichols, 425-415-6657 (Media)
Brian Heagler, 425-415-6794 (Investors)
SOURCE: Microvision, Inc.