Microvision Signs Contract with Leading European Automotive Tier 1 Integrator

Microvision Signs Contract with Leading European Automotive Tier 1 Integrator

Tuesday December 11, 6:00 am ET

REDMOND, Wash.--(BUSINESS WIRE)--Microvision (NASDAQ:MVIS - News), a leader in light scanning technologies for display and imaging products, announced that it has signed a development agreement with a leading European supplier of automotive and industrial technologies. Under the agreement, Microvision will deliver prototype samples for the automotive Tier 1 partner to evaluate Microvision’s PicoP™ technology for a variety of automotive display applications, including Head Up Displays (HUD).

Microvision has pioneered the development of an ultra-miniature laser projection technology called PicoP. The PicoP display is based on Microvision’s proprietary MEMS scanning micro mirror technology that offers important mobile application advantages over existing flat panel technologies: exceptional resolution, contrast and color, smaller packaging, and less power consumption.

“We are now in development with leading Tier 1 integrators in all three major automotive economies: North America, Europe and Asia,” said Alexander Tokman, President and CEO of Microvision. “We believe this further affirms our PicoP automotive strategy and allows us to broaden opportunities with leading automakers.”

The name of the automotive tier 1 supplier was withheld at its request for confidentiality reasons.

About Microvision: http://www.microvision.com

Headquartered in Redmond, WA, Microvision, Inc., is the world leader in the development of high-resolution displays and imaging systems based on the company's proprietary silicon micro-mirror technology. The company's technology has applications in a broad range of industrial, consumer, military, and professional products.

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