For the second year in a row, MicroVision's patent portfolio is recognized by the Ocean Tomo 300 Patent Index
REDMOND, Wash.--(BUSINESS WIRE)--Nov. 15, 2012-- MicroVision, Inc. (NASDAQ: MVIS), a leader in innovative ultra-miniature projection display technology, today announced that it has been selected as a 2012-2013 constituent of the Ocean Tomo 300 Patent Index, the industry's first index based on the value of intellectual property (IP). This is the second consecutive year that MicroVision has been included in the Ocean Tomo 300 Patent Index.
MicroVision's extensive and highly-rated patent portfolio is the largest, broadest and earliest filed laser pico projection and display portfolio and includes applications such as automotive head-up display, range finding, portable media devices and image capture applications. The company's patent portfolio consists of more than 500 issued, pending and licensed patents worldwide.
"MicroVision is dedicated to leading the display industry in innovating enabling technologies that facilitate new use models for the rapidly growing consumption of rich media from mobile devices," said Alexander Tokman, president and CEO of MicroVision. "MicroVision's inclusion in the Ocean Tomo 300 proves our commitment to developing industry leading patented pico projector display solutions to enhance end-consumers' ability to view and share information on small, mobile devices, anytime and anywhere."
The Ocean Tomo 300 Patent Index is priced and published by the NYSE Euronext (NYSE Euronext: OTPAT) and represents a diversified portfolio of 300 companies that own the most valuable patents relative to their book value. Other technology companies featured on the list include Microsoft Corp., Intel Corp., Qualcomm, Nvidia and MicroVision partner, Intersil Corp.
"In the increasingly competitive display industry, an expansive IP portfolio helps companies differentiate," said Jérémie Bouchaud, Senior Principal Analyst, MEMS and Sensors at IHS. "When companies like MicroVision implement a licensing model, IP leadership and recognition ensure current and future OEMs and ODMs are receiving best in class technology."
MicroVision provides the PicoP® display technology platform designed to enable next-generation display and imaging products for consumer devices, vehicle displays and wearable displays. The company's patented PicoP display technology combines a MEMS scanning mirror with highly efficient laser light sources to 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 included in 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 corporate intellectual property.
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Certain statements contained in this release, including those relating to future product and technology development 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; products incorporating our PicoP display engine may not achieve market acceptance, commercial partners may not perform under agreements as anticipated, we may be unsuccessful in identifying parties interested in paying any amounts or amounts we deem desirable for the purchase or license of IP assets, our or 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.
Source: MicroVision, Inc.
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