<![CDATA[ BOTHELL, Wash., March 13 /PRNewswire/ — Following this morning's earnings release, Microvision, Inc. (Nasdaq: MVIS) would like to clarify a comment made by Rick Rutkowski, Microvision's President and CEO, relating to its subsidiary, Lumera Corporation.
Mr. Rutkowski’s comment in paragraph two under the caption “Year 2001” in the earnings release should have been reported as follows:
“As Lumera builds its organization, moves into prototyping during 2001 and prepares for production in 2002, substantial investments will be required. We expect most of this investment to be funded by the first round of financing of approximately $24 million, which is near completion. As a result of these
activities, we estimate that Lumera’s contribution to Microvision’s consolidated net loss will be approximately $1.00 per share in 2001,”concluded Rutkowski.
The information set forth in this release includes “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and is subject to the safe harbor created by those sections. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ
materially from future results expressed or implied in such statements. Certain factors that realistically could cause results to differ materially from those projected in the company’s forward-looking statements are set forth
in the company’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, as filed with the Securities and Exchange Commission. The Company disclaims any obligation to update any such factors or to publicly announce the results of any revision to any of the forward-looking statements contained
in this news release.