Partnership strengthens PicoP display technology cost and performance
roadmap
REDMOND, Wash. & MILPITAS, Calif.--(BUSINESS WIRE)--Sep. 5, 2012--
MicroVision,
Inc. (NASDAQ:MVIS), a leader in innovative ultra-miniature projection
display technology and Intersil
Corporation (NASDAQ Global Select: ISIL), a world leader in the
design and manufacture of high performance analog and mixed signal
semiconductors, today announced an agreement to partner on the
development of advanced, integrated chipsets (ASICS) for MicroVision’s
patented high definition (HD) PicoP® display technology. This
collaboration is expected to strengthen the technology and business
roadmap for PicoP display technology by:
-
integrating advanced features such as virtual touch and proximity
sensing
-
increasing brightness
-
reducing power consumption and component size
-
lowering the cost of the overall solution.
The combination of increased brightness, low power consumption and small
component size together with HD resolution produces a highly efficient
projection solution that makes PicoP display technology an optimal
choice for embedding in mobile devices. Under the agreement announced
today, Intersil will invest in developing the ASICs supporting the
solution based on MicroVision’s reference design.
“MicroVision is pleased to partner with Intersil to progress our award
winning PicoP display technology on its roadmap, and to work with a
strategic supply chain partner that is providing strong marketing and
distribution support as well as best in class components,” said
Alexander Tokman, president and CEO of MicroVision. “The development and
marketing investments Intersil is making in this partnership demonstrate
its belief in the pico projection market and MicroVision’s patented
solution.”
“Our collaboration with MicroVision demonstrates Intersil’s commitment
to the pico projector market to provide compelling solutions for
embedded applications,” said Dave Bell, president and CEO of Intersil.
“We believe the combination of our chipset and MicroVision’s advanced
PicoP display capabilities with game changing features will have great
appeal in a broad range of emerging pico projector devices.”
MicroVision’s PicoP display technology, now in its second generation
(PicoP Gen2), produces always-in-focus, HD images using the company’s
patented scanned beam approach. OEMs and ODMs can receive samples of
PicoP Gen2 display engines today. One of the distinguishing features of
PicoP display technology is its “beyond projection” features such as
interactive touch that could enable the development of applications that
extend the use model of mobile devices for business and entertainment.
Companies that license MicroVision’s display technology now will have
early access to the significant advances enabled by the electronics
being developed under this strategic agreement.
About MicroVision
MicroVision
provides the PicoP® display technology platform designed to enable
next-generation display capabilities for consumer devices and vehicle
displays. The company's PicoP display technology uses highly efficient
laser light sources which can create vivid images with high contrast and
brightness.
MicroVision is an independently recognized leader in the development of
intellectual property. MicroVision has been recognized by IEEE as a top
20 IP portfolio among all global electronics companies, and the top U.S.
Company in the rankings. MicroVision’s intellectual property portfolio
has also been recognized by the Patent Board, in association with the
Wall Street Journal as a top 50 IP portfolio among all global industrial
companies. The Patent Board has developed more than 50 indicators that
track global patent activity relating to companies' innovation,
technology, and science strengths. MicroVision’s intellectual property
portfolio is further recognized by having been added to the Ocean Tomo
300 Patent Index. The Index is priced and published by the NYSE Euronext
(NYSE: OTPAT). The index is objectively based on the value of
intellectual property compared to competitors.
About Intersil
Intersil
Corporation is a leader in the design and manufacture of
high-performance analog, mixed-signal and power management
semiconductors. The company's products address some of the fastest
growing markets within the industrial and infrastructure, personal
computing and high-end consumer markets. For more information about
Intersil or to find out how to become a member of our winning team,
visit our website and career page at www.intersil.com.
MicroVision and PicoP® are trademarks of MicroVision Inc. in the
United States and other countries. Intersil and the Intersil logo are
trademarks or registered trademarks of Intersil Corporation. All other
trademarks are the properties of their respective owners.
Forward-Looking Statements
Certain statements contained in this release, including those relating
to future products, product features and applications, and those using
words such as “designed to,” “expected to,” “believe” and “could” 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 forward-looking statements
include the following: our ability to raise additional capital when
needed; our customers failure to perform under open purchase orders; our
financial and technical resources relative to those of our competitors;
our ability to keep up with rapid technological change; 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 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.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50396908&lang=en
Source: MicroVision, Inc.
MicroVision investors:
Jeff Wilson, 425-882-6629
or
MicroVision
media:
Edelman
Callie Snyder, 503-471-6816
or
Intersil
media:
Kelly Maxwell, 408-546-3582
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