Perry Mulligan Joins Microvision's Board of Directors
QLogic Executive Brings Leadership and Expertise in Operational Management and Global Supply Chain Design
REDMOND, Wash.--(BUSINESS WIRE)-- Microvision, Inc. (Nasdaq:MVIS), a leading developer of ultra-miniature projection display products is pleased to announce that Perry Mulligan has joined its Board of Directors. Mr. Mulligan's election brings the Board total to six members.
Mr. Mulligan is currently Senior Vice President, Operations for QLogic, a $600 million, global leader and technology innovator in high performance networking, including adapters, switches and ASICs. In his current role, Mr. Mulligan is responsible for all aspects of the manufacturing and delivery of products to the customer in addition to overall supply chain design and manufacturing strategy. Prior to QLogic, Mr. Mulligan was the Senior Vice President Supply Chain Management and Chief Procurement Officer at Solectron, where he was responsible for establishing the overall materials and supply chain strategy while overseeing a team of 5,400 professionals that sourced over $9 billion annually of materials and components.
"Perry is a demonstrated expert in Electronic Manufacturing Services (EMS), supply chain design and commodity management," said Slade Gorton, Chairman and Lead Independent Director at Microvision. "We expect that his expertise will be highly valuable to the Company as we get closer to the vision and mission established in 2006 by the new team to become a true products company.
"On behalf of the entire Board of Directors and management team, I am pleased to welcome an accomplished operations strategist, supply chain builder, and manager of large work teams as we rapidly ramp Microvision's go-to-market strategy."
"Microvision is clearly one of the most innovative companies in the emerging category of pico projection," said Mr. Mulligan. "I feel privileged to join this exciting and dynamic opportunity and look forward to working closely with the other Directors and CEO Alexander Tokman and his team, during this next phase of Microvision's growth."
Microvision provides the PicoP(R) 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/showwx) and corporate blog (www.microvision.com/displayground).
Forward-Looking Statements Disclaimer
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 financial and technical resources relative to those of our competitors; our ability to keep up with rapid technological change; dependence on third parties to develop, manufacture, sell and market our products and key components of our products; 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; 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.
Released January 28, 2010