MVIS DD Presentation by Reddit User s2upid

 https://imgur.com/gallery/pU9aWrL

Microvision was founded in 1993 to commercialize Virtual Retinal Display technology, in which images are drawn directly on the viewer’s retina. Massive amounts of wealth has been pushed into R&D and patents, and has taken their toll in the past 28 years, accumulating a $572.6M deficit as of Dec 31, 2019. This amount has allowed them to accumulate 484 Granted and Pending Patents, and 28 years worth of Intellectual Property in design, testing, and manufacturing laser scanning devices. Microvision is currently run by CEO Sumit Sharma. Before joining MicroVision Sumit Sharma was also Head of Operations for Google Glass for over 2.5yrs. On April 2, 2020 they hired Craig-Hallum to help them find a strategic investment (which include M&A).. They signed Mark Spitzer, and Judy Curran to the board to help them facilitate this strategic investment. __ accidently deleted the first slide... Disclaimer: I am no way affiliated with Microvision, and this was created by me on January 24, 2020 to help spread information about the company. I am currently an investor of $MVIS and help moderate a forum on reddit - /r/mvis Investment/Technology Speculation DD for Microvision – Microvision has been working and perfecting technology for a future emerging market for 28 years and those emerging markets have finally arrived. In these slides, I will introduce Microvision, and their verticals, and why their technology is considered disruptive by many of their investors, and why I invested in the company, and stay invested after 3 years. This Gallery does not go over financial DD of $MVIS, which you can easily do by going through their quarterly reports found here: https://microvision.gcs-web.com/financial-information/quarterly-results

(Explain like I’m 5) – The lasers work in coordination with the mems mirror. A current is applied through the silicon, which produces a “wobble” as seen in the gif. ASICs (basically a chip) controls the lasers, and the wobble of the mirror to be able to paint a 1440p image at 120hz (in the Hololens 2). The same method is applied with an infrared laser to be able to track objects, and provide 20 million pts/s.

The interactive display was slated to be released in 2H 2020, but the project was cancelled due to Supply Chain issues due to COVID. This product render on the left was taken from one of Microvision’s supply partners Goertek, who also manufactures a few of Apples products.

This product expected to have revenues reaching $100M, at an MSRP of $199 USD. They expected to ship the display in 7 to 8 digit orders (tens of millions) per year prior to cancellation. The scalability of Microvision’s silicon is obvious in the $199 price point.. To be able to provide a bright, responsive, and interactive display to be incorporated in a product that is priced quite low shows how this MEMS based display and sensor technology could be scaled into other consumer products.

Microvision allowed Microsoft to double their field of view (surface area), by switching from Liquid Crysta on Silicon Panels (built by Himax), to the laser scanning system without increasing the volume of the Light engine, while reducing the weight, and power found in the Hololens 2. The doubling of field of view, does not mean less pixels per inch either.. As Hololens 2 has been able to maintain their pixel density, allowing user to be able to still read fine print through the near eye displays, unlike other components.

The basic concept of why Microsoft switched from a “Panel” type display like Liquid Crystal on Silicon, and decided not to use more expensive, and less mature technologies like MicroLED or MicroOLED is that with the panel type displays, the panel needs to proportionally get larger as the field of view expands. This makes it a challenge for designers and engineers trying to make a light weight consumer near eye display for augmented reality and mixed reality. The beauty of the laser scanners is by adding a mirror, and a RGB module, they can change the angle, and create a larger FOV without proportionally getting larger.

Sharp / Socle (Foxconn) have already roadmapped a smaller RGB Laser Module to be used for near eye displays. Their mass production of these modules will only make it cheaper to use, as the technology accelerates. This also solves other issues regarding how much power the lasers draw (barely already), being able to create even greater efficiencies in immersion by creating wider field of views and something called “foveated rendering” which reducers graphical processing power by up to 70% in some cases. High definition, wide field of view, low cost of processing. Holy grail of near eye displays. This is another reason why we believe Dr. Mark Spitzer come out of retirement, to join Sumit Sharma on the Board of Directors of Microvision.

The estimated increase in the market is going to be a total of 41.3% more each year. 2021 - 8.6 Billion 2022 - 12.2 Billion 2023 - 17.2 Billion 2024 - 24.3 Billion 2025 - 34.3 Billion Or an estimated market market opportunity of 96.6 Billion dollars total of potential in the next 5 years. Now if a purchase of MVIS can capture even 30% of that potential, a purchase of the company, even with the associated yearly operating expenditures of many million dollars a year, the potential market share would be nearly 29 Billion dollars of value. How much does a prospective buyer pay for just the AR related MVIS tech when they could control 30% of a nearly 100 Billion dollar market over the next 5 years?

There is no confirmation that Microsoft is utilizing Laser Beam Scanners for their Integrated Visual Augmentation System contract for the US Army. We only have Microsoft patents that show how they plan on achieving wider FOV’s, and that the Hololens 2 was used as the platform to create the IVAS device. Currently Microvision has not given guidance for finances in 2021, which we assumed is because of ITAR (International Traffic in Arms Regulations) regulations and NDAAs. Most evidence we've compiled is circumstantial, but it's the same kind of information that allowed us to realize Microsoft was utilizing Laser Beam Scanners from Microvision in the first place.

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Microvision is leveraging their 28 years of experience to create small (size of a VHS tape), powerful (OVER 200m range), and wide FOV’s (dynamically changing). Re: How this is Solid State- The weight/mass is so minimal, it is considered part of the chip... impervious to vibration. If I understand it correctly. From a physics perspective, imagine a brick and a tiny piece of fabric sitting on the passenger seat next to you when you drive. The brick is going to jump around with every bump. The fabric will be unaffected. Too small and light.

Low cost, small size. Think of how Microvision was able to create an interactive laser projection system in a smart speaker with an MSRP of $199. One word: “Scalability”

Luminar, the market leader for LIDAR with it’s recent SPAC, is currently using a Mechanical MEMS system utilizing a polygon mirror the size of your eye, that spins aong with a planar mirror. Their “Solid State” Lidar solution called IRIS doesn’t have very much published information, but a dive into their patent holdings shows the use of DMD style MEMS (solid state) which is owned by Texas Instruments. This is the same technology used in Laser Projectors for theatres, that have excessive heat, excessive price, and excessive sizes (due to the heat sinks and fans required to manage the heat). Had to look up the Luminar patent to find the vertical FOV, 120degx45degx300pts per squaredegree = 1.6 Million points... and we can't even complete the calc because hey maybe it refreshes a bunch of times a second... Luminar's 2022 production lidar, Iris, will support resolution of 300 points per square degree at 10 Hz. Assuming that resolution applies to the entire FOV of 120 x 30 degrees and not just a portion of the FOV, that would imply a points per second value of 120 x 30 x 300 x 10 Hz = 10.8M points per second

Craig-Hallum and Microvision are currently focused on finding a strategic alternative, which incudes the possible sale of the company. It’s a dragged out process, but we’ve found multiple Tier 1’s that have shown they plan on expanding into the space Microvision currently holds large IP for (near eye displays and Lidar) which would unlock Consumer grade products for these OEMs. Apple, Microsoft, and Facebook is just a small sample… which would include companies like Amazon, Google and other large whales.

Thanks for reading. Created by s2upid, and uploaded on January 26, 2021