MicroVision Schedules Conference Call to Discuss 2011 Results and 2012 Objectives
Company to report successful completion of its primary 2011 objectives
REDMOND, Wash.--(BUSINESS WIRE)-- MicroVision, Inc. (NASDAQ:MVIS), the leader in innovative ultra-miniature projection display technology, today announced it will host a conference call to discuss its 2011 financial and operating results and 2012 business objectives on Monday, February 27, 2012 at 8:30 a.m. ET / 5:30 a.m. PT.
The call will include a report on 2011 achievements, including that the company completed its three primary objectives:
- Advancement of its next-generation HD PicoP® display technology based on direct green lasers (PicoP® Gen2) for commercialization in the first half of 2012.
- Revenue growth of 18 percent from 2010.
- Reduction in cash used in operations of 40 percent compared to the prior year.
The company will provide more details during the call on the 2011 results as well as outline the objectives for 2012.
Participants may join the conference call by dialing 866-272-9941 (for U.S. participants) or 617-213-8895 (for international participants) ten minutes prior to the start of the call. The conference call pass code number is 25048503. A live webcast of the call can be accessed from the company's web site at www.microvision.com/investors. A replay of this call will be available after the conference call concludes through the same link or by calling 888-286-8010 (U.S.) or 617-801-6888 (International), pass code 45687518.
MicroVision provides the PicoP® display technology platform which enables 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 that create vivid images with high contrast and brightness.
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Certain statements contained in this release, including those relating to future products and product applications, 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 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.
Tiffany Bradford, 425-882-6629 (investors)
Callie Snyder , 503-471-6816 (media/PR)
Source: MicroVision, Inc.
Released February 23, 2012