Company's Evaluation and Application Development Program Continues to Advance
In the Marketplace
BOTHELL, Wash., May 9 /PRNewswire/ -- Microvision, Inc. (Nasdaq: MVIS) the
leader in retinal scanning display technology, today announced the delivery of
an advanced portable head-mounted display system to ARVIKA, an international
consortium led by Siemens AG. The delivery represents the first industrial
customer to sign up with Microvision. ARVIKA creates and defines new ways of
using information technology and distributed computing to support productivity
and quality gains in the automotive industry and other industrial
environments.
The deliveries were made for evaluation and application development as
part of the company's market development program to prepare for commercial
product launch in the first half of 2001.
Microvision's "see-thru," portable display is used to overlay computer
generated information over the real world while leaving the user's hands free,
and the visual field virtually unobstructed. The display is fully daylight
readable and provides both greater functionality and improved workplace safety
as compared to previously available wearable displays.
Wolfgang Wohlgemuth, ARVIKA spokesperson commented, "Across factory
floors, assembly lines and field sites, automation and distributed computing
are the mantras of higher productivity.
"Portable see-through display technology like Microvision's has the
potential to bring a rich array of image, text and symbology to millions of
worker's point of task, enabling organizations to realize significant gains in
precision, productivity, safety and profitability.
"Our membership in ARVIKA (http://www.arvika.de), including 15 companies and
5 research and development institutions, includes such leaders as Siemens AG,
Ford Motor Company, Volkswagen, Audi, and DaimlerChrysler and major machine
tool suppliers as ExCellO, DS-Technologie, Guhring, Huller-Hille, INDEX.
"We are very enthusiastic about evaluating Microvision's display for a
variety of industrial manufacturing and maintenance applications. We have
been a strong advocate for advanced mobile communications in the industrial
environment and testing Microvision's solution in real-life situations will be
an important part of completing their product's final design. We see
tremendous potential for this type of visualization tool."
Microvision has completed the first build of 20 preliminary "beta" systems
and has begun to deliver them to selected customers and partners for field use
and application development. The company's goal with this program is to
target application areas and partnering opportunities where there is potential
to develop significant follow-on demand and to create software applications
that could be adapted to a variety of medical, aviation and industrial
procedures and processes. Microvision's first set of customers represents a
mix of industrial, medical and aviation-related market opportunities. Each
customer will integrate the Microvision display with application software to
enable "augmented vision" performance support for task-oriented environments.
About Microvision
Headquartered in Bothell, Wash., Microvision, Inc. is the developer of the
patented Retinal Scanning Display technology and a world leader in
microminiature optical scanning technology for display and imaging
applications. The company's technology has application in a broad range of
military, medical, industrial, professional and consumer information products.
Additional information can be found at the company's Web site at
http://www.mvis.com.
Forward-Looking Statement
The information set forth in this release includes "forward-looking
statements" within the meaning of Section 21E of the Securities Exchange Act
of 1934, as amended, and is subject to the safe harbor created by those
sections. Certain factors that realistically could cause results to differ
materially from those projected in the company's forward-looking statements
are set forth in the company's Annual Report on Form 10-K and Quarterly
Reports on Form 10-Q, as filed with the Securities and Exchange Commission.
SOURCE Microvision, Inc.
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Related links:
http://www.mvis.com
CONTACT:
media, Matt Nichols, mattn@mvis.com, or
investors, Holly Ash, Hollya@mvis.com, both of Microvision, Inc.,
425-415-6847; or Jason Felger of Parker LePla, 206-285-5280, or
jason@parkerlepla.com, for Microvision, Inc.
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