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Microvision Raises $10.3 Million from the Sale of Lumera Stock

Microvision Raises $10.3 Million from the Sale of Lumera Stock

BOTHELL, Wash.--(BUSINESS WIRE)--Feb. 2, 2006--Microvision, Inc. (Nasdaq:MVIS - News), a leader in light scanning technologies, today announced that it completed a private placement of 2.55 million shares of its holdings in Lumera Corporation (Nasdaq:LMRA - News) stock for $10.3 million. The shares were sold to a small group of investors. The company reported that it completed the transaction as part of its strategy to fund its operations through 2006. Microvision continues to own 2.1 million shares of Lumera stock of which 1.75 million shares are pledged as collateral for its existing senior note obligations.

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