MicroVision Announces Closing of Public Offering of Common Stock and Warrants

REDMOND, Wash.--(BUSINESS WIRE)-- MicroVision, Inc. (Nasdaq:MVIS), a leader in innovative ultra-miniature laser display technology, today announced the closing of its public offering of 4.2 million shares of its common stock and warrants to purchase 2.1 million shares of its common stock at a price to the public of $2.50 per share and accompanying warrant. MicroVision received net proceeds, after deducting the underwriting discount and estimated offering expenses, of approximately $9.7 million from the offering. Oppenheimer & Co. Inc. acted as underwriter for the offering. MicroVision intends to use the net proceeds of the offering for general corporate purposes.

The securities described above were offered by MicroVision pursuant to its registration statement on Form S-3 that was previously filed and declared effective by the Securities and Exchange Commission (SEC). This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities in the offering. The offering may be made only by means of the prospectus supplement and the prospectus relating to the proposed offering, copies of which may be obtained, when available, from Oppenheimer & Co. Inc., Attention: Syndicate Prospectus Department, 85 Broad Street, New York, NY, 10004, by telephone at 212-667-8563, or via email at EquityProspectus@opco.com.

About MicroVision

MicroVision provides the PicoP® display technology platform designed to enable next-generation display capabilities for consumer devices and vehicle displays. The company's PicoP display technology uses highly efficient laser light sources which can create vivid images with high contrast and brightness.

For more information, visit us on:

Website: www.microvision.com

Blog: www.microvision.com/displayground

Twitter: www.twitter.com/microvision

Facebook: www.facebook.com/MicrovisionInc

YouTube: www.youtube.com/mvisvideo

Forward-looking Statements

Certain statements contained in this release, including those relating to closing of the offering, and those statements using words such as “designed to” and “intends” are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These risks and uncertainties include, but are not limited to: capital market risks; our ability to raise additional capital when needed; 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 our Annual Report on Form 10-K and Quarterly Report on Form 10-Q 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.

Additional Information

Additional information relating to MicroVision can be found on EDGAR at www.sec.gov.

MicroVision, Inc.
Tiffany Bradford, 425-882-6629 (investors)
or
Callie Snyder (Edelman), 503-471-6816 (media/PR)

Source: MicroVision, Inc.

Released June 20, 2012