|MicroVision Establishes First Global Research and Development Center at Nanyang|
Technological University in Singapore
New R&D Center to Develop Breakthrough Innovations in Laser Display and Imaging
for Mobile, Automotive, and Medical Applications
REDMOND, Wash. & SINGAPORE, Apr 14, 2011 (BUSINESS WIRE) -- MicroVision (MVIS), a
leader in innovative ultra-miniature display technology, today announced the
opening of a research and development center at Nanyang Technological University
(NTU), Singapore. The research facility, located on NTU's sprawling 200-hectare
green campus, will focus on developing innovative breakthrough products using
MicroVision's PicoP(R) Display technology.
MicroVision plans to staff the new R&D facility with up to 25 engineers by 2012
to work on advanced research and development projects, perform operational
support functions, and build upon the company's current industry leading
portfolio of over 500 patents issued and pending. By collaborating with NTU,
MicroVision aims to leverage the university's strength and expertise in
Engineering, Microelectronics and Materials Science to conduct joint research and
development with faculty and students. The alliance is also expected to
facilitate the exchange of ideas between NTU staff and students and MicroVision
personnel, as well as provide possible internship opportunities for NTU students.
The Memorandum of Understanding between NTU and MicroVision was signed today by
Professor Bertil Andersson, NTU's President-Designate and Provost and Alexander
Tokman, CEO and President, MicroVision.
"We chose Singapore and NTU to establish our first global R&D facility for
several reasons," said Alexander Tokman, MicroVision president and CEO. "First,
Singapore is a hub for exceptional technical talent and productivity, the
students at NTU are first-class and we are confident they will bring a wealth of
new ideas and fresh thinking to our research and development efforts. Second,
Singapore is centrally located and positions us closer many of MicroVision's
manufacturers and customers."
"This is MicroVision's first R&D center outside the United States and they were
originally interested in setting it up in Taiwan. They decided on NTU because of
our expertise in engineering and computing and our excellent research
infrastructure," said Professor Andersson. "This collaboration means MicroVision
engineers will work side by side with NTU faculty and students to perform joint
research into innovative imaging and display solutions. We look forward to seeing
the next-generation products invented at NTU and commercially launched in
Singapore and beyond."
MicroVision's dedicated R&D center includes a customized laboratory at NTU's
Innovation Centre. The company will work directly with NTU's School of Electrical
and Electronic Engineering and the Division of Physics and Applied Physics.
MicroVision has a history of collaborating with leading universities and research
institutes across the globe, including Stanford, MIT (USA) and Fraunhofer
Institute (Germany). The company's strong focus on research and development is
evidenced by the strength of its patent portfolio, which has been ranked in the
top 20 among global electronics companies for the past three years by the
Institute of Electrical and Electronics Engineers (IEEE).
NTU has been rapidly ramping its research capabilities in the last few years and
has established strong industry partners including Rolls-Royce, Robert Bosch,
Thales, and Toray. Like MicroVision, these leading companies chose to set up
research facilities at NTU, where they collaboratively work with NTU faculty and
students to pursue their respective research interests.
MicroVision provides the PicoP(R) 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 that create
vivid images with high contrast and brightness. For more information, visit the
company's website (microvision.com) and corporate blog
MicroVision, SHOWWX, SHOWWX+ and PicoP are trademarks of MicroVision Inc. in the
United States and other countries. All other trademarks are the properties of
their respective owners.
About Nanyang Technological University
A research-intensive public university, Nanyang Technological University (NTU)
has 33,500 undergraduate and postgraduate students in the colleges of
Engineering, Business, Science, and Humanities, Arts, & Social Sciences. In 2013,
NTU will enroll the first batch of students at its new medical school, the Lee
Kong Chian School of Medicine, which is set up jointly with Imperial College
NTU is also home to four world-class autonomous institutes -- the National
Institute of Education, S Rajaratnam School of International Studies, Earth
Observatory of Singapore, and Singapore Centre on Environmental Life Sciences
Engineering -- and various leading research centers such as the Nanyang
Environment & Water Research Institute (NEWRI) and Energy Research Institute @
A fast-growing university with an international outlook, NTU is putting its
global stamp on Five Peaks of Excellence: Sustainable Earth, Future Healthcare,
New Media, New Silk Road, and Innovation Asia.
NTU has a satellite campus in Singapore's science and tech hub, one-north, and is
setting up a campus in Novena, Singapore's medical district. It will also have
its first campus in China, the NTU Tianjin College, in 2013.
For more information, visit ntu.edu.sg
Certain statements contained in this release, including those relating to future
collaboration and results of the collaboration such as additional patents and
commercial products and those using words such as "plans" and "will," 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; 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.
Nanyang Technological University
Tel: +65 6790-6179
Mobile: +65 9001-0050
MicroVision, Inc. USA
Tiffany Bradford (investors)
Callie Snyder, Edelman (media/PR)