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MicroVision Receives Follow-On Component Order for Fortune Global 100 Customer

This $1.9 million order brings the total of component orders received to $3.8 million REDMOND, Wash.--(BUSINESS WIRE)--Dec. 8, 2014-- MicroVision, Inc. (NASDAQ: MVIS), a leader in innovative ultra-miniature projection display technology, today announced it has received a $1.9 million purchase order for key components for a high definition display module being developed by its Fortune Global 100 customer. This order follows previous orders announced in September of nearly $1.9 million. The value of component orders for this customer totals $3.8 million to date. The customer has informed MicroVision that it plans to incorporate the components from MicroVision in a high definition display module. The Fortune Global 100 company announced earlier this year that it aims to bring the display module to market for use in pico projectors and other devices with projector functionality. MicroVision is supporting the Fortune Global 100 on commercialization activities under a previously announced display module support services agreement. Shipments of components from the orders announced in September are ongoing. MicroVision expects to fulfill this latest order in the first half of 2015. This order demonstrates MicroVision’s progress in bringing its patented scanned beam display technology to the consumer market under its “Image by PicoP®” licensing business model. MicroVision’s PicoP® display technology provides a powerful display solution that projects high definition, focus free content from a tiny, low power display engine. MicroVision’s proprietary pico projection technology enables OEMs to deliver a high quality 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.