Microvision Extends Its Display Platform Capability to Include
OSRAM Green Laser Technology
REDMOND, Wash.--(BUSINESS WIRE)--June 19, 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 has successfully integrated a
green laser from OSRAM Opto Semiconductors, a wholly owned subsidiary
of OSRAM, into Microvision's PicoP(TM) projection platform which will
target consumer and automotive applications. The ultra-miniature
full-color projection display prototype is small enough to be embedded
in portable hand-held devices including cell phones and is one of
several new developments introduced by Microvision during the recent
months. The Microvision Pico Projector with Osram green laser will be
presented June 19 - 21 during InfoComm 2007, Anaheim, California, in
the Oerlikon Optics booth; Hall D, Booth Number: 1319.
"We are very excited to work with OSRAM and leverage their
extensive experience in providing cost efficient, low power, compact,
high-speed green lasers," said Alexander Tokman, President and CEO of
Microvision. "Our PicoP platform is architected to be compatible with
multiple key projection display components, including lasers. This
latest integration is a testament to the rapid progress OSRAM has made
to position itself as an important component supplier of green lasers
that are key to our roadmap for commercializing high volume consumer
and automotive products."
"We believe that there is a large market opportunity for
ultra-miniature projection displays that can address consumer demand
for a better viewing experience from their mobile information
devices," stated Frank Moellmer, Vice President and General Manager
Infrared Products at OSRAM Opto Semiconductors. "We are pleased with
the progress achieved in applying OSRAM's experience in high-power
lasers to the development and commercialization of a critical
component that enables Microvision's compact projection display
technology."
Potential applications for Microvision's PicoP display technology
include cell phones, personal media players, gaming devices, laptops,
DVD players and other video output devices; personal color eyewear;
and head-up and other displays for automobiles and airplanes.
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.
About OSRAM Opto Semiconductors www.OSRAM-os.com
OSRAM Opto Semiconductors GmbH of Regensburg, a wholly owned
subsidiary of OSRAM, offers its customers solutions based on
semiconductor technology for lighting, sensor and visualization
applications. The company employs more than 3,500 people worldwide and
operates sites in Regensburg (Germany), Santa Clara (USA) and Penang
(Malaysia). Sales for the fiscal year ending September 2006 totaled
more than EUR 500 million.
Forward-Looking Statements Disclaimer
Certain statements contained in this release, including those
relating to future products, product applications and benefits, market
opportunity, future product cost, form factor and power, as well as
statements containing words like "targeted," "believes," 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: Microvision, Inc.
Julie Marshall or Cale Smith, 305-451-1888 (investors)
or
Matt Nichols, 425-882-6657 (media)
SOURCE: Microvision, Inc.
