New contract with Original Design Manufacturer -- Updated

So, the phone and the Facebook messenger are pinging like crazy this morning.

My first suspicious about who this might be is Foxconn -- (this is partly based on who I would like it to be.) If you factor in the location - and the connection with Sharp, they seem like a likely candidate. They're also comfortable not being named. I could very well be wrong about this.

This was the kind of announcement I expected to see out of the STM announcement -- but I expected this is March.... so, for the first time in a long time Microvision is faster than expected.

REDMOND, Wash.--(BUSINESS WIRE)--MicroVision, Inc. (NASDAQ: MVIS), a leader in innovative ultra-miniature projection display and sensing technology, today announced that it has signed a license agreement for its PicoP® scanning technology with a Taiwanese ODM.

MicroVision Signs Patent License Agreement with Taiwanese ODM

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MicroVision and the ODM have signed a patent license agreement under which the ODM has a license to make and sell Laser Beam Scanning (LBS) engines. The engines the ODM is making incorporate components it is purchasing from third parties. Under the agreement, MicroVision would receive a royalty payment from the ODM for each LBS engine the ODM sells. This agreement is related to MicroVision’s recently announced co-marketing relationship with STMicroelectronics.

“We are pleased to enter into a patent license with this ODM for our LBS technology,” said Bharath Rajagopalan, Vice President of Business Development and Marketing at MicroVision. “We believe this agreement demonstrates the value of MicroVision’s LBS intellectual property and provides for new opportunities and potential products for LBS technology in the market.”