Corning and Microvision Announce Agreement for Supply of Green Lasers for Microprojectors

Corning and Microvision Announce Agreement for Supply of Green Lasers for Microprojectors

CORNING, N.Y.--(BUSINESS WIRE)--Corning Incorporated (NYSE: GLW - News) and Microvision, Inc. (NASDAQ: MVIS - News) announced today that the companies have entered into a supply agreement under which Corning will supply its G-1000 green lasers to Microvision, as a key component of Microvision’s PicoP™ enabled microprojector accessory product.

Laser-based microprojectors have a unique combination of features that are optimal for mobile device users, including infinite focus, rich color, and high contrast and resolution. Corning’s synthetic green lasers, optimized for use as a light source in these display devices, play a critical role in this rapidly emerging mobile-display market by providing customers with a visually rich multimedia experience.

"We are pleased to be able to work with Microvision, a key player in the projection-display industry, to spearhead the introduction of laser-based microprojectors in 2009,” said Thomas Mills, general manager, Corning Green Lasers. “This is an important strategic growth opportunity for the advancement of microprojection technology and Corning’s industry-leading green lasers. The G-1000 green laser is a high-quality, compact, and efficient light source optimized for this exciting application.”

“Corning has been a pioneer in the rapid advancement of green laser technology, from development through commercialization,” said Alexander Tokman, president and chief executive officer, Microvision. “This agreement represents a major supply chain milestone in the commercialization roadmap of our accessory picoprojector product, and we are pleased to be working with the Corning team on creating new business- and entertainment-use models for people who are constantly on the go.”

About Corning Incorporated

Corning Incorporated (www.corning.com) is the world leader in specialty glass and ceramics. Drawing on more than 150 years of materials science and process engineering knowledge, Corning creates and makes keystone components that enable high-technology systems for consumer electronics, mobile emissions control, telecommunications and life sciences. Our products include glass substrates for LCD televisions, computer monitors and laptops; ceramic substrates and filters for mobile emission control systems; optical fiber, cable, hardware & equipment for telecommunications networks; optical biosensors for drug discovery; and other advanced optics and specialty glass solutions for a number of industries including semiconductor, aerospace, defense, astronomy and metrology.

About Microvision, Inc.

Microvision provides the PicoP display technology platform designed to enable next-generation display and imaging products for pico projectors, vehicle displays, and wearable displays that interface with mobile devices. The company’s projection display engine uses highly efficient laser light sources which can create vivid images with high contrast and brightness. For more information, visit the company’s website (www.microvision.com) and corporate blog (www.microvision.com/displayground).