REDMOND, Wash.--(BUSINESS WIRE)--May 22, 2007--Microvision, Inc.
(NASDAQ:MVIS), a global leader in innovative ultra-miniature
projection display and image capture products for mobility
applications, announced today that it plans to unveil new advancements
in its proprietary ultra-miniature display system, called PicoP, at
the Society of Information Display (SID) annual conference in Long
Beach, California, May 22 - 25, 2007. Microvision expects to showcase
multiple projector model prototypes representing the recent PicoP
advancements it has made in collaboration with several of the
Company's high volume manufacturing and key component supply chain
partners.
For the first time Microvision plans to demonstrate a PicoP
projection system based on its newly developed wide-angle MEMS
scanner. The wide-angle MEMS based PicoP projector has nearly twice
the projection angle compared to earlier versions, creating a
full-color image with a viewable area that is approximately four times
as large and that diagonally is almost twice as long as images created
by its predecessors, while still maintaining its small and sleek form
factor. The new PicoP prototype delivers WVGA resolution (854 x 480
pixels) in a 16:9 aspect ratio, thereby providing a DVD-quality
viewing experience from a package that is expected to be only 7 mm
thick.
"We learned a great deal about the potential usage models for
PicoP based projectors after polling our customers through direct user
focused studies," stated Alexander Tokman, President and CEO of
Microvision. "This customer feedback led us to the development of the
new device that is expected to provide an enhanced user experience
without compromising the original tiny form factor and low power
requirements."
"The wide-angle PicoP display reflects a significant advancement
since the Consumer Electronics show in January," continued Tokman. "It
demonstrates a continuous advancement of the PicoP technology and a
design that is flexible enough to incorporate laser light sources from
multiple global supply chain partners."
About PicoP:
PicoP is an ultra-miniature projector capable of producing large,
high contrast, color rich, high resolution images. It is expected to
be small and low-power enough to be embedded directly into mobile
devices, such as cell phones. Its "infinite focus" operation naturally
lends itself to mobile applications. PicoP is being developed to
address a large market opportunity that derives from consumers' desire
for a better viewing experience than currently is available from
traditional small displays on mobile devices. Other potential display
applications include tiny projectors embedded into or used as
accessory displays for mobile devices such as personal media players,
gaming devices, laptops, DVD players and digital cameras. The company
is also seeking to leverage the PicoP into vehicle displays, including
automotive and aerospace head-up displays, as well as wearable
full-color displays designed as fashionable eyewear.
About Microvision: www.microvision.com
Microvision provides a display technology platform designed to
enable next generation display and imaging products for pico
projectors, vehicles displays, and wearable displays that interface to
mobile devices. The company also manufactures and sells its bar code
scanner product line which features the company's proprietary MEMS
technology.
Forward-Looking Statements Disclaimer
Certain statements contained in this release, including those
relating to future products, product applications and benefits, future
product form factor and power requirements, as well as statements
containing words like "plans," "expects," "believes," "seeking," and
other similar expressions, 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; risks related to Lumera's business and
the market for its equity, 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
government 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 the Company's Annual Report on
Form 10-K filed with the SEC. 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 in circumstances or any other
reason.
CONTACT: Hawk Associates
Julie Marshall or Cale Smith, 305-451-1888 (investors)
or
for Microvision, Inc.
Matt Nichols, 425-882-6657 (media)
SOURCE: Microvision, Inc.
