|To: vpelt who wrote (5683)||5/6/2003 10:54:40 AM|
|From: dennym7||Read Replies (1) | Respond to of 7340|
|Microvision Receives $900K Order to Deliver Prototype Displays for Automotive Applications |
Businesswire, Tuesday, May 06, 2003 at 06:04
BOTHELL, Wash., May 6, 2003 (BUSINESS WIRE) -- Microvision, Inc. (Nasdaq:MVIS), a leader in light scanning technologies, today announced that it has received an order to develop several innovative prototype displays for a range of in-vehicle applications.
Building on work completed in February 2003 under a prior contract, the program of work furthers the company's progress in developing automotive displays and is expected to prepare the company for product development as the next step. The specific details of each prototype are confidential, but the company expects at least one of the display prototypes to be showcased at a major auto show this fall."We're very pleased with the growth in contract development activity this year in support of displays for the automotive market. This order demonstrates that we are gathering momentum on the heels of our successful deliveries earlier this year,"said Microvision CEO Rick Rutkowski."We expect additional contracts and work orders this year from a growing list of automakers and suppliers. We are very pleased with these developments and with the interest that we see developing with automakers around the world. The automotive display market opportunity is huge and we believe our technology is well suited to meet the demands for next generation displays."Microvision's unique laser scanning projection displays are able to deliver the key features needed for a variety of next generation automotive display applications, including small size, high-brightness, modularity, low heat and low cost. Unlike conventional flat panel displays, Microvision's flexible laser scanning module can be used in a variety of locations and car models without the need for expensive retooling.