Wednesday, March 15, 2017

First order for small Form Factor engine

MicroVision Receives First Order for Small Form Factor Display Engine for $6.7 Million

Asian electronics device manufacturer to embed MicroVision display engine in smartphones for China and other markets

REDMOND, Wash.--(BUSINESS WIRE)--Mar. 15, 2017-- MicroVision, Inc. (NASDAQ: MVIS), a leader in innovative ultra-miniature projection display and sensing technology, today announced that it has received a $6.7 million order for its small form factor display engine (model PSE-0403-103) from an Asian electronics device manufacturer. The customer plans to embed the MicroVision display engines in smartphones.

The electronics Original Equipment Manufacturer (OEM) plans to launch the smartphone product later this year in China and other markets where it has existing distribution of its products. Currently MicroVision expects to begin shipping engines to the OEM in the second quarter of 2017 with a large majority of the units shipping by the end of 2017. Actual timing of shipments of the PSE-0403-103 to this OEM will be finalized in line with the OEM’s product launch timing. Other details of the product or agreement between MicroVision and the OEM are confidential.

This order demonstrates how the small form factor display engine MicroVision announced in November 2016 is suited to applications where small size and power efficiency are required and where flexible design of the module is needed by the OEM. The electronics OEM that is designing the smartphone with an embedded projector required an electronics board layout that varied from the standard form of MicroVision’s PSE-0403-101 display engine. 

MicroVision was able to quickly design a form factor that met the requirements of the OEM and could be manufactured by MicroVision’s supply chain partner. This module, PSE-0403-103, uses the same MEMS and ASICS1 components as the standard MicroVision PSE-0403-101 engine with a configuration that supports the design of the OEM’s product.

MicroVision began shipping samples of its small form factor display engine to customers, including this OEM, in December 2016.

1 Micro-electrical mechanical systems (MEMS) and Application-specific integrated circuits (ASICS)

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