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Microvision Signs Development Agreement With Laser OEM; Agreement is Part of Company's Effort to Accelerate Laser Development

REDMOND, Wash.--(BUSINESS WIRE)--July 26, 2006--Microvision, Inc. (Nasdaq:MVIS), the leader in light scanning technologies for display and imaging products, announced today that it has entered into a development agreement with a laser supplier for the design and development of green laser systems for its MEMS-based laser-scanning projection systems. For confidentiality reasons, the name of the laser supplier was not disclosed.

Under the agreement, Microvision will fund several design and development activities undertaken by the laser OEM with the objective to develop an improved green solid-state laser light source to be used in scanning applications designed and manufactured by or for Microvision. Microvision expects this development effort to yield prototype devices suitable for integration into its rapidly evolving, highly miniaturized Integrated Photonics Module (IPM) device architecture. Microvision has previously announced that it is focusing on three primary applications for IPM: automotive and aero heads-up display applications (MicroHUD(TM)), a personal projection display (PicoP(TM)) applications, and personal color eyewear.

"Rear-projection television and now miniature projection scanned beam displays have created a strong market pull for green laser technology and consequently we've witnessed some incredible gains over the past year in its design and development," said Alexander Tokman, President and Chief Executive Officer of Microvision. "We have decided to take greater control of our destiny by being more actively engaged in the definition, development and maturation of cost-effective solid-state high-frequency modulated green lasers."


At July 26, 2006 at 3:51 PM Anonymous said...

Nice to see Microvision doing something to spurn development of the green laser rather than sitting on the sidelines waiting for the technology to mature on its own. What about Novalux?? I thought they have a green laser that's compatible with Microvision applications?

At July 26, 2006 at 4:08 PM Ben said...

Yep. This is a very encouraging development. It could very well be that the Laser OEM is Novalux, but it could be another player as well, such as Corning or OSRAM.


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