3/14/2006 4:00:00 PM
REDMOND, Wash.–(BUSINESS WIRE)–March 14, 2006–Microvision, Inc.
(Nasdaq:MVIS), today announced that Claudio Ruben resigned from its
Board of Directors for personal reasons.
“I enjoyed being a member of Microvision’s Board, and I fully
support the Company’s management team in its implementation of a new
business strategy, the 2006 operating plan and organizational changes
at all levels,” said Ruben. “I believe that the new management team is
taking the right steps to get the Company back on track, and I regret
that, due to personal reasons, I will not continue to serve our
shareholders as a director.”
“We are going to miss Claudio’s expertise and good counsel,” said
Alexander Tokman, President and CEO of Microvision. “He has been a
real asset during his short time on the Board, but we understand his
decision to step down. I thank him personally for his invaluable
contributions and sound judgment.”
“We have been in discussions with a number of new potential Board
members, each of whom has the experience and skills that support our
recently announced operating plan and growth strategy. I look forward
to naming one or more new members to the Board soon,” concluded
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 enables solutions and products in
a broad range of industrial, consumer, military, and medical
Certain statements contained in this release relating to new
directors 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: our
ability to obtain financing; success of executive transition; 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; 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 Form 10-K, as may be amended, and its
Quarterly Reports on Form 10-Q.
CONTACT: Microvision, Inc.
Matt Nichols (media), 425-882-6657
Brian Heagler (investors), 425-882-6794
SOURCE: Microvision, Inc.