MicroVision announces development agreement with Fortune Global 100 electronics company

April 8, 2013
Redmond, WA--MicroVision (NASDAQ: MVIS), which makes ultraminiature projection displays, now has a development agreement with a prominent electronics original equipment manufacturer (OEM) to incorporate MicroVision’s technology into a display engine for the OEM's new products.

Redmond, WA--MicroVision (NASDAQ: MVIS), which makes ultraminiature projection displays, now has a development agreement with a prominent electronics original equipment manufacturer (OEM) to incorporate MicroVision’s technology into a display engine for the OEM's new products. At the request of MicroVision’s OEM customer, its name and other details of the contract are being kept confidential.

Related: Lasers inject new life into projection displays

Related: MicroVision receives order over $4M from Pioneer Corporation for PicoP Gen2 technology

Related: Picoprojector engine company Compound Photonics buys Alfalight commercial laser diode assets

The agreement includes $4.6 million in development fees to go to MicroVision over the next 13 months to support the OEM’s development of a display engine based on MicroVision's PicoP display technology. The two companies have begun commercial negotiations, expecting licensing and component-supply agreements to follow and ultimately the OEM’s introduction of commercial products.

MicroVision says that its PicoP display technology projects high-definition, focus-free content from a small, low-power display engine. MicroVision’s technology enables OEMs to deliver a high quality consumer viewing experience to their customers by offering new and enhanced ways to view and share information. According to Steve Koenig, director of industry analysis for the Consumer Electronics Association (CEA), revenues for the consumer electronics (CE) industry are projected to reach a record-high of $209.6 billion in 2013. “Consumer adoption of smartphones and tablets continues to expand briskly, as mobile connected devices take center stage in today’s connected, digital lifestyle," he notes.

For more information, see www.microvision.com

Sponsored Recommendations

How to Tune Servo Systems: Force Control

Oct. 23, 2024
Tuning the servo system to meet or exceed the performance specification can be a troubling task, join our webinar to learn to optimize performance.

Laser Machining: Dynamic Error Reduction via Galvo Compensation

Oct. 23, 2024
A common misconception is that high throughput implies higher speeds, but the real factor that impacts throughput is higher accelerations. Read more here!

Boost Productivity and Process Quality in High-Performance Laser Processing

Oct. 23, 2024
Read a discussion about developments in high-dynamic laser processing that improve process throughput and part quality.

Precision Automation Technologies that Minimize Laser Cut Hypotube Manufacturing Risk

Oct. 23, 2024
In this webinar, you will discover the precision automation technologies essential for manufacturing high-quality laser-cut hypotubes. Learn key processes, techniques, and best...

Voice your opinion!

To join the conversation, and become an exclusive member of Laser Focus World, create an account today!