6/2/2003 6:31:00 AM
Leading Multi-Channel Direct Reseller Reaches Millions of Businesses and Mobile Professionals Worldwide
BOTHELL, Wash., Jun 2, 2003 (BUSINESS WIRE) — Microvision, Inc. (Nasdaq:MVIS), a leader in light scanning
technologies, and MobilePlanet (www.mobileplanet.com), a leading
catalog and on-line source for mobile and wireless computing products
and services, have announced their arrangement to market the
affordable, yet powerful Flic(TM) hand-held laser bar code scanner.
MobilePlanet signifies another important strategic milestone in
Microvision’s goal of building a powerful network of distribution
partners to deliver the Flic(TM) laser bar code scanner.
In addition to doing business with medium and small-sized
companies, MobilePlanet does business with major corporations and
academic and medical institutions across America, all branches of the
U.S. government and armed forces, as well as individual mobile
professionals. Some of MobilePlanet’s key customers include Boeing,
Ford, Coca-Cola, IBM, Lucent Technologies, Merrill Lynch, Chase
Manhattan and Exxon.
Founded in December of 1993, MobilePlanet started out as a direct
mail reseller to organize a confusing mobile computing market and
provide a one-stop shopping location that would concentrate solely on
the needs of mobile professionals. Though MobilePlanet began as a
small mobile computing business, the company is now recognized as the
nation’s leading multi-channel direct reseller of top, name-brand
mobile computing and wireless products, services and solutions. Today,
MobilePlanet reaches millions of people worldwide via its e-commerce
web site, direct mail catalog and e-newsletter.
MobilePlanet is a member of France’s leading investor in
electronic commerce, Pinault-Printemps-Redoute (PPR,
www.pprgroup.com). As the European leader in specialized distribution,
PPR is active in more than 55 countries, employs more than 90,000
people and in 2001 generated revenues of U.S. $24 billion.
With an MSRP of $129, the Flic scanner comes with free software
that will enable even novice users to “plug and play” so that they can
enjoy the benefits of bar code technology without any of the
programming and support requirements common to today’s bar code
reading products. The highly innovative Flicware software
automatically enters scanned bar code data into standard Windows(R)
applications, including a wide array of spreadsheet and database
applications, in a way that is intuitive and easy to use. The company
also offers a professional version of Flicware for more advanced
applications, as well as a variety of accessories that support the
product’s ability to be used in many operating environments. Full
details about the product can be found at www.flicscanner.com.
About Microvision: www.microvision.com
Headquartered in Bothell, Washington, Microvision Inc. is the
developer of the patented retinal scanning display technology and a
world leader in micro miniature optical scanning technology for
display and imaging applications. The company’s technology has
applications in a broad range of military, medical, industrial,
professional and consumer information products.
Forward Looking Statement
Certain statements contained in this release, including 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 raise
additional capital when needed; 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
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; 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 our most recently filed annual report on Form 10K.
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 circumstances or any other reason.
SOURCE: Microvision, Inc.
Matt Nichols, 425/415-6657 (media)
Brian Heagler, 425/415-6794 (investors)