Microvision and Visteon Announce Joint Development for Automotive Head-Up Displays
Visteon to demonstrate scanned-beam laser HUD using Microvision's proprietary display engine at the Consumer Electronics Show in Las Vegas
LAS VEGAS--(BUSINESS WIRE)--
Microvision (NASDAQ:MVIS), the leader in light scanning technologies for display and imaging products, announced that Visteon, a global automotive Tier 1 supplier, plans to demonstrate a recently developed scanned-beam laser head-up display (HUD) based on Microvision's proprietary projection display engine at the Consumer Electronics Show in Las Vegas, January 8-11, 2006. Visteon is the Automotive Tier 1 partner referenced in Microvision's September 26, 2006 press release.
Demonstrations of the Microvision enabled HUD will be located in Visteon's exhibit at the Las Vegas Convention Center, Central Plaza, CP7.
Visteon and Microvision are currently collaborating to produce a series of advanced HUD sample units, designed to meet demanding automotive environmental requirements. Recently, Microvision has delivered several advanced prototype HUDs to Visteon that demonstrate Microvision's superior display image performance. Visteon is expected to use these HUD samples to demonstrate the unique performance characteristics and inherent robustness of Microvision's proprietary laser based scanned-beam display technology, in addition to refining the final commercial product requirements.
About Microvision: www.microvision.com
Headquartered in Redmond, WA, Microvision, Inc. is the world leader in the development of high-resolution displays and imaging systems based on the company's proprietary silicon micro-mirror technology. The company's technology has applications in a broad range of military, medical, industrial, professional and consumer products.
Certain statements contained in this release, including those relating to future commercialization of technology and product development and statements using words such as "plans" and "expects," 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: capital market risks, our ability to raise additional capital when needed; market acceptance of our technologies and products; our financial and technical resources relative to those of our competitors; our ability to keep up with rapid technological change; our dependence on the defense industry and a limited number of government development contracts; 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, risks related to Lumera's business and the market for its equity and other risk factors identified from time to time in the company's SEC reports and other filings, 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.
Released January 8, 2007