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MicroVision PicoP® Display Technology Adopted by Fortune Global 100 Electronics Brand
|By Business Wire
|February 24, 2014 09:07 AM EST
Inc. (NASDAQ:MVIS), a leader in innovative ultra-miniature
projection display technology, today confirmed that its patented PicoP®
display technology has been adopted as part of a pico
projector module that a leading Fortune Global 100 consumers
electronics company announced
it is developing1. MicroVision has been supporting the
Fortune Global 100 since April 2013 in its development of this high
definition (HD) display engine. The module is expected to showcase the
benefits of laser beam scanning technology for pico projectors.
MicroVision is the pioneer in laser beam scanning display technology,
holding more than 500 patents including proprietary MEMS and control
algorithms. The Fortune Global 100 is a leader in semiconductor lasers
and optical technology and announced that it aims to bring this module
to market for use in pico projectors and other devices with projector
functionality. MicroVision believes the announcement
by this global leader in consumer electronics is a very positive
development for the emerging pico projection market.
“We are honored that this consumer electronics leader known for its
innovative and high quality products has incorporated PicoP display
technology in its pico projector module,” said Alexander Tokman,
president and CEO, MicroVision. “The result is a display engine with the
image quality and performance that could be at the heart of products
that delight consumers.”
In a recent market research report,
Pico Projector Market by Technology, Type, Product Model, Brightness,
Application, Geography, Forecasts to 2020, the firm Markets and
Markets calls pico projectors “an emerging technology set to
revolutionize the global projector market.” The report forecasts
significant growth of over 40% CAGR over seven years reaching $10B by
The Markets and Markets report also calls out the importance
of lasers in spurring growth in the pico projector market: “Lasers
are the key technology to improve handheld projectors and lasers will be
the dominant light source in the future. High performance and low cost
laser light sources will revolutionize the handheld projector market
which will be fuelling the growth of the market.”
PicoP display technology is a powerful, patented solution
that projects high definition, focus free content from a tiny, low power
display engine. MicroVision’s technology enables OEMs to deliver a high
quality consumer viewing experience to their customers by offering
enhanced ways to view and share information. Whether for personal
entertainment, social engagement, business collaboration, driver safety
or in whatever way OEMs’ imaginations take them, PicoP display
technology could be the exciting new element that consumers are
searching for to elevate their mobile experience.
Projector Module with High-Definition Resolution and Focus-free Image
MicroVision is the creator of PicoP® display technology, an
ultra-miniature laser projection solution for mobile consumer
electronics, automotive head-up displays and other applications.
MicroVision’s patented display technology helps OEMs break down display
boundaries and offer enhanced visibility to mobile experiences. Nearly
two decades of research has led MicroVision to become an independently
recognized leader in the development of intellectual property.
MicroVision’s IP portfolio has been recognized by the Patent Board as a
top 50 IP portfolio among global industrial companies and is also
included in the Ocean Tomo 300 Patent Index. The company is based in
For more information, visit the company’s website at www.microvision.com,
on Facebook at www.facebook.com/MicroVisionInc
or follow MicroVision on Twitter at @MicroVision.
MicroVision and PicoP are trademarks of MicroVision, Inc. in the
United States and other countries. All other trademarks are the
properties of their respective owners.
Certain statements contained in this release, including those relating
to market growth, market demand product and technology development by
third parties, product benefits and those containing words such as
“expects,” “could,” and “aims” are forward-looking statements that
involve a number of risks and uncertainties. Factors that could cause
actual results to differ materially from those projected in the
company's forward-looking statements include the following: our ability
to raise additional capital when needed; products incorporating our
PicoP display engine may not achieve market acceptance, commercial
partners may not perform under agreements as anticipated, we may be
unsuccessful in identifying parties interested in paying any amounts or
amounts we deem desirable for the purchase or license of IP assets, our
or our customers failure to perform under open purchase orders; our
financial and technical resources relative to those of our competitors;
our ability to keep up with rapid technological change; government
regulation of our technologies; our ability to enforce our intellectual
property rights and protect our proprietary technologies; the ability to
obtain additional contract awards; the timing of commercial product
launches and delays in product development; the ability to achieve key
technical milestones in key products; dependence on third parties to
develop, manufacture, sell and market our products; potential product
liability claims; and other risk factors identified from time to time in
the company's SEC reports, including the company's Annual Report on Form
10-K filed with the SEC. Except as expressly required by federal
securities laws, we undertake no obligation to publicly update or revise
any forward-looking statements, whether as a result of new information,
future events, changes in circumstances or any other reason.
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