Microvision Signs Follow-On Contract for Further Work on Laser Print Engine

Microvision Signs Follow-On Contract for Further Work on Laser Print Engine

on January 04, 2005

Microvision Signs Follow-On Contract for Further Work on Laser Print Engine

BOTHELL, Wash.--(BUSINESS WIRE)--Jan. 4, 2005--Microvision Inc. (Nasdaq:MVIS - News), a leader in light scanning technologies, today announced that it has signed its third contract with a major Asian manufacturer of printers and office equipment for further development of a MEMS-based scanning engine for high-speed laser printers utilizing Microvision's proprietary technology. This contract builds on the design work and prototype development resulting from two earlier contract awards. For confidentiality reasons, the name of the manufacturer and other details were not disclosed.

"We are very pleased with the progress we have made to date in developing a radically new printing head design that is expected to provide advantages in size and cost not seen in today's laser printers," said Todd McIntyre, Senior Vice President of Business Development. "Our model for partnering with world leaders to develop compelling applications is central to our OEM solution development effort and we are excited about the progress we are making in a number of significant large market opportunities."

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