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Microvision Awarded $400,000 Add-on to Development Contract

Microvision Awarded $400,000 Add-on to Development Contract

BOTHELL, Wash.--(BUSINESS WIRE)--March 7, 2005--Microvision (Nasdaq:MVIS - News), the leader in light scanning technologies for displays and imaging, announced today that it has been awarded a $400,000 add-on to a previously announced development contract. The add-on expands the scope of work for the project which is underway. During the first quarter of 2005, the company has announced new contract bookings totaling in excess of $7.6 million.

"We are off to the strongest start in the company's history for new contract bookings," stated Rick Rutkowski, Microvision CEO. "We expect this trend to continue through the first half of the year with additional bookings later this quarter or early in the second quarter. We continue to make excellent progress in delivering breakthrough technology solutions to global market leaders in several significant product categories."

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