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|Microvision To Present at World Leading Photonics Conference|
Microvision Recognized as Leader in Pico Projection Displays
REDMOND, Wash.--(BUSINESS WIRE)--Jan. 17, 2008--Microvision, Inc. (NASDAQ:MVIS) announced today that it will be a presenter at SPIE Photonics West, January 21st, 2008, in San Jose, CA. SPIE Photonics West is the largest exhibit in North America on cutting-edge light-driven technologies.
The plenary talk, entitled "High-Resolution Displays, One Pixel at a Time," will be presented by Randy Sprague, Microvision Chief Engineer, and it will cover the inherent benefits of Microvision's PicoP single mirror solution for mobile projectors, including higher performance, lower power, smaller size, and lower cost.
At the 2008 Consumer Electronics Show (CES) in Las Vegas, Microvision demonstrated a hand-held battery-powered mobile projector, code-name SHOW(TM), powered by Microvision's PicoP display engine. The SHOW received extensive press coverage at CES. Highlights can be accessed through the Company's web site at www.microvision.com.
Microvision has previously communicated advanced prototypes of SHOW will be available in limited quantities to select OEM and carrier partners for customer feedback and applications development in the first half of 2008. The release of a commercial product is targeted for the end of 2008. Demonstrations of SHOW will be held again at the 3GSM conference in Barcelona in February 2008.
"We are very pleased with the positive response from OEMs, supply chain partners and consumers to the SHOW," stated Alexander Tokman, President and Chief Executive Officer of Microvision. "We continue to execute our go-to-market strategy and remain optimistic about Microvision's future."
Microvision provides a display technology platform 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.
Certain statements contained in this release, including those relating to future product releases, future applications and future business prospects, 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; 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.