MicroVision to Showcase New Product Concepts at 2014 Consumer Electronics Show
Company will also highlight display engines by partners based on latest generation PicoP® display technology enabling improved performance and lower cost
REDMOND, Wash.--(BUSINESS WIRE)-- MicroVision, Inc. (NASDAQ:MVIS), a leader in innovative, ultra-miniature projection display technology, today announced it will be attending the 2014 Consumer Electronics Show (CES) in Las Vegas. The company will be hosting meetings with consumer electronics Original Equipment Manufacturers (OEMs) to show new and exciting product concept devices to showcase the possibilities enabled by PicoP® display technology that excite consumers – offering a convenient and dynamic way to view media-rich content on the go. These devices integrate the latest generation of PicoP display technology, which enables a bright, high definition, always in focus image from a small form factor. The company will also feature display engines from its partners that highlight its award-winning PicoP display technology.
MicroVision recently conducted focus groups for mobile devices equipped with PicoP display technology. The participants, who represented a range of demographic profiles, were shown demonstrations with devices similar to those that will be featured by MicroVision at CES. The experience of enhanced viewing of movies, sports and social media images garnered extremely positive reactions, and participants were impressed with the image quality, convenience and ease of use that these PicoP-enabled devices demonstrated. The ability of PicoP display technology to create a big screen experience from a handheld, portable device that never required focusing was seen as a capability that would increase usage of mobile devices for video viewing.
MicroVision is engaged in discussions with targeted OEMs for bringing PicoP display technology to market in their products. Under its licensing business model, the company is also working with multiple partners with the goal of having supply sources for display engines based on PicoP display technology readily available for OEMs.
MicroVision is the creator of PicoP® display technology, an ultra-miniature laser projection solution for mobile consumer electronics, automotive head-up displays and other applications. MicroVision’s patented display technology helps OEMs break down display boundaries and offer enhanced visibility to mobile experiences. Nearly two decades of research has led MicroVision to become an independently recognized leader in the development of intellectual property. MicroVision’s IP portfolio has been recognized by the Patent Board as a top 50 IP portfolio among global industrial companies and is also included in the Ocean Tomo 300 Patent Index. The company is based in Redmond, Wash. For more information, visit the company’s website at www.microvision.com, on Facebook at www.facebook.com/MicroVisionInc or follow MicroVision on Twitter at @MicroVision.
MicroVision and PicoP are trademarks of MicroVision, Inc. in the United States and other countries. All other trademarks are the properties of their respective owners.
Certain statements contained in this release, including those relating to strategy, expected market interest and growth, and future product and technology development and sales, OEM arrangements, supply sources and those containing words such as “discussions,” “expects” and “goal” 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 technology 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 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.
Dawn Goetter, 425-882-6629
Joani Jones, 503-471-6863
Source: MicroVision, Inc.
Released December 13, 2013