REDMOND, Wash.--(BUSINESS WIRE)--Aug. 6, 2009--
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 entered into a supply
agreement with OSRAM Opto Semiconductors GmbH for the supply of green
and blue lasers -- key components of Microvision’s PicoP® display
engine. The announcement is the second Microvision has made in recent
months regarding procurement of green lasers for use in the company’s
PicoP® display engine and accessory pico projector product called
SHOWWX™.
Following recent success commercializing its blue laser technology,
OSRAM has fourth quarter commercialization plans for its green frequency
doubled laser for use in Microvision’s PicoP display engine. OSRAM is
one of the world's leading manufacturers of optoelectronic
semiconductors for lighting, sensor and visualization applications.
“We see a significant market opportunity for pico projectors,” said
Frank Moellmer, Vice President & General Manager, Business Segment
Infrared of OSRAM Opto Semiconductors. “Our focused multi-year effort to
develop efficient frequency doubled green lasers for consumer
applications has positioned us to begin commercial production soon. We
look forward to supporting the very large market opportunity offered by
pico projection display technologies as developed by Microvision.”
“OSRAM has extensive laser development and manufacturing experience and
we are pleased to leverage the significant progress the OSRAM team made
in the development and commercialization of compact, high-speed blue and
green lasers for our products," said Alexander Tokman, President and CEO
of Microvision. “We look forward to continuing our strategic
relationship with OSRAM to enable high volume PicoP based products and
applications."
About Microvision, Inc.
Microvision provides the PicoP display technology platform designed to
enable next-generation display and imaging products for pico projectors,
vehicle displays, and wearable displays that interface with mobile
devices. The company’s projection display engine uses highly efficient
laser light sources which can create vivid images with high contrast and
brightness. For more information, visit the company’s website (www.microvision.com)
and corporate blog (www.microvision.com/displayground).
ABOUT OSRAM OPTO SEMICONDUCTORS
OSRAM is part of the Industry sector of Siemens and one of the two
leading lighting manufacturers in the world. Its subsidiary, OSRAM Opto
Semiconductors GmbH in Regensburg (Germany), offers its customers
solutions based on semiconductor technology for lighting, sensor and
visualization applications. OSRAM Opto Semiconductors has production
sites in Regensburg (Germany) and Penang (Malaysia). Its headquarters
for North America is in Sunnyvale (USA), and for Asia in Hong Kong.
OSRAM Opto Semiconductors also has sales offices throughout the world.
In the 2008 fiscal year (to the end of September) OSRAM Opto
Semiconductors employed more than 4600 people and achieved sales
totaling 529 million euros. For more information go to www.osram-os.com.
Forward-Looking Statements Disclaimer
Certain statements contained in this release, including those relating
to commercialization plans, future products, product applications
and market opportunity, 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; the risk of market acceptance of our
technology and products, our financial and technical resources relative
to those of our competitors; our planned future products dependence on
advances in technology by other companies, our ability to keep up with
rapid technological change; our ability to enforce our intellectual
property rights and protect our proprietary technologies; the timing of
commercial product launches and delays in product development; the
ability to achieve key technical milestones in key products; our ability
to secure needed third party manufacturing and sales resources,
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.
Source: Microvision, Inc.
Microvision, Inc.
Tiffany Bradford, (investors), 425-882-6629
Matt
Nichols, (media) 425-882-6657
