Microvision in the news

 

MicroVision, Inc. Announces Progress on its Automotive Long Range Lidar A-Sample

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REDMOND, Wash., Feb. 10, 2021 (GLOBE NEWSWIRE) -- MicroVision, Inc. (NASDAQ: MVIS), a leader in MEMS based laser beam sensing technology, today announced that it has received necessary components and equipment to meet its April milestone of completing A-Samples of its Long Range Lidar Sensor. The Company also announced that it has started outdoor testing of key performance features on its development platform.

“We expect MicroVision’s Long Range Lidar Sensor, (LRL Sensor) which has been in development for over two years, to meet or exceed requirements established by OEMs for autonomous safety and autonomous driving features,” said Sumit Sharma, Chief Executive Officer of MicroVision.

“We expect our 1^st generation LRL Sensor to have range of at least 250 meters and the highest resolution at range of any lidar with 340 vertical lines up to 250 meters, 568 vertical lines up to 120 meters and 944 vertical lines up to 60 meters. This equates to 520 points per square degree. Our LRL Sensor will also output velocity of moving objects relative to an ego vehicle across our dynamic field of view in real-time 30 Hz sensor output. This sensor would accelerate development of Level 3 (L3) autonomous safety and Level 4 (L4) autonomous driving features that are important to potential customers and interested parties.”

“I am proud of the intense dedication of our team and the strong support from our global suppliers as we remain on track to have A-Samples ready in April. We believe our LRL Sensor offers two sustainable strategic advantages to potential customers and parties interested in strategic alternatives. We expect the capability of our LRL Sensor to meet or exceed OEM requirements, based on technology we have scaled multiple times over the last decade, as being a very strong strategic advantage. Additionally, our sensor being designed on scalable silicon wafer and laser diode technologies will be capable of achieving scale at costs below $1,000 ASP, a key price point expected for commercial success,” added Sharma.

Softbank's Son Predicts mass production of Driverless cars

 

January 29, 2021

STOCKHOLM (Reuters) – SoftBank Group Corp Chief Executive Masayoshi Son said on Friday he expects mass production of self-driving vehicles to start in two years.

While in the first year the production of units won’t be in millions, in the next several years the cost per mile in fully autonomous cars will become very cheap, Son said, speaking at a virtual meeting of the World Economic Forum.

“The AI is driving for you. The automobile will become a real supercomputer with four wheels.”

https://www.oann.com/softbanks-son-expects-mass-production-of-driverless-cars-in-two-years/

Trust your Research

 Go r/Mvis

How you're working against Big Wall Street.

CNBC Host tries to defend the hedge funds.

"There are people who are going to get hurt." (Their passionate concern for us is so touching. If they were REALLY worried about that, wouldn't they be all over funds that short 140% of the float of a stock?)

To simplify even further...

 Four Companies are all working on two things as "the next big things" Augmented Reality and Self driving vehicles.

Combined they are worth 6.921 Trillion
Together they have 340 billion in cash

If they have a bidding competition for key technology that will give them an edge against the others, how much would they be willing to pay? is 20 Billion too much?

But.... But what if Microvision gets so expensive that they won't pay it?

 Ha! -- interesting FUD, but ridiculous.

Recently I suggested 10 Billion for LiDAR and 10 Billion for Near Eye display. 20 Billion.

Let's look at the big tech companies: (Apple, Amazon, Google, Microsoft) They're ALL looking at self-driving cars. They're all looking at Augmented reality. They would all like to be leaders in one or both, and one company has the best specs in both. (MicroVision)

 

Apple Self Driving Car

Amazon Self Driving Car 

Google Self Driving Car 

Microsoft Self Driving Car

Apple Augmented Reality

Amazon Augmented Reality 

Google Augmented Reality 

Microsoft Augmented Reality 

 

All have market caps north of a Trillion dollars, and huge cash reserves (1.21.2021 - source, Yahoo Finance.)

Apple Market Cap: $2,270,000,000,000      -- Cash on hand: 91 Billion

Amazon Market Cap: $1,663,000,000,000    -- Cash on hand: 68 Billion

Google Market Cap: $1,300,000,000,000      -- Cash on Hand: 132 Billion

Microsoft Market Cap: $1,686,000,000,000  -- Cash on Hand: 138 Billion

They could pay way more than my "crazy" price target with jingle money and hardly notice.....

Keeping it REALLY Simple.

 Benchmark --- LAZR  -- Upstart LiDAR company.

Approximate Valuation: 10 Billion. (MicroVision's LiDAR is better)

At the same value: 10 Billion / 152 Million = $66

I consider the near eye display to be worth MORE than the LiDAR -- it certainly I think will be at least as widely used. Now that we have a value for LiDAR, I'm significantly adjusting my guess on NED -- I'm keeping my guess simple.

Market Fear Of Missing Out (FOMO) is likely more important than fundamentals... And the fundamentals here are REALLY good.

Give it a comparable valuation:

$66 + $66 = $132


Review previous Value Posts

Value LiDAR

The Beats Exercise 

Near Eye Display

Great day something interesting.

Occasionally I go to FINVIZ.com to look at their charts, and get other info.

This is the first time I've seen MVIS in the good column 3x

But there were a couple of other things of note in the Top Gainer's Graphs... Overbought Graphs

Links to their site are being a pain, so look at VUZI, UAVS, EYES

Market Growth

These are some graphics from a post done in 2018.

Not even the most awesome products hit the ground in a frenzy. A recent example is Instantpot : Founded in 2009, started moving in 2014, a frenzy in 2017. (Overnight success! says the media.)

We're sitting on two products that appear to be getting this kind of growth and adoption. LiDAR and Near Eye Display. LiDAR will be everywhere. So will Near Eye Display.

Good charts of adoption are difficult to find. You eventually end up with some kind of distorting compression that changes it in a way that the visual representation is distorted. ( partly because, as you'll see, they're difficult to fit on a screen and be readable at both ends.)

This page from PetaPixel. It has a couple of very interesting charts of adoption.

This is of CAMERA Sales.... Sucks to be in cameras? unless you think you just went back to sort of normal from a decade of amazing.

If we add cameras that are included on cellphones, we get a bit of a different picture. The GOLD area is cameras on phones..... except they fade out at the top of the graph.

Well, happily, they put something on there so we could see the top of the graph --- but the screen graphics kind of break down. Well, there you are with cellphones included.

That's how a market can grow.

LiDAR is for more than cars, and Near Eye displays are probably going to replace your cellphone screen in a few years.

Judy Curran Added to the Board of Directors -- From Ford Motor Company.

 

MicroVision Announces Addition of Judy Curran to its Board of Directors

REDMOND, Wash., Dec. 01, 2020 (GLOBE NEWSWIRE) -- MicroVision, Inc. (Nasdaq: MVIS), an innovative leader in solid state lidar sensor and ultra-miniature laser display technology based on its proprietary laser beam scanning technology, today announced Judy Curran was appointed to its board of directors.

Curran is an accomplished senior automotive executive with over 30 years of experience in vehicle program, engineering and technology leadership. Curran has a strong record of leading innovation at Ford Motor Company where she served in a number of executive positions including Director of Technology Strategy, where she developed the cross-vehicle global strategy for key new technologies including assisted driving, infotainment, new electrical architectures, and connectivity. Previous executive roles at Ford included Vehicle Line Director, Vehicle Evaluation and Validation Director and VP Engineering for Automotive Components Holding LLC. Curran currently works at Ansys as its Head of Global Automotive Strategy. Ansys is a simulation software company used to simulate multi-physic systems including ADAS systems.

In addition to her executive experience, Curran has served on several boards including the Automotive Component Holdings Operating Board, a Ford Subsidiary; Board of Directors Executive Committee, Inforum Automotive NEXT; Board of Advisors, College of Engineering, Lawrence Technological University; German American Chamber of Commerce Board - Detroit Office and Board of Directors for SAE Foundation, SAE WCX, and SAE GLC Committees. Curran earned her Bachelor of Science in Electrical Engineering and Computer Software at Lawrence Technological University and her Master of Science in Electrical Engineering at the University of Michigan.

“Judy has an extensive background in executive and strategic leadership in the automotive industry during a distinguished career at Ford. We are fortunate to have her join our board,” said Brian Turner, Chairman and Lead Independent Director at MicroVision. “I believe automotive lidar sensor technology represents a significant opportunity and potential value to our shareholders. Judy brings a deep understanding of the current automotive marketplace including new technology, business strategy, operations and management. Her role at Ford Motor Company leading assisted driving strategy and other technology initiatives strengthens our board as we consider various opportunities. She will be a valuable addition to the MicroVision board of directors.”

“I am very excited to join the MicroVision board and I look forward to working with Brian, my fellow directors and management as the Company continues to explore strategic options with Craig-Hallum Capital Group, LLC, its financial advisor,” said Curran. “I am eager to bring my experience and energy to the board and help guide the Company in implementing a successful strategy.”

About MicroVision

MicroVision is the creator of PicoP® scanning technology, an ultra-miniature sensing and projection solution based on the laser beam scanning methodology pioneered by the Company. MicroVision’s platform approach for this sensing and display solution means that its technology can be adapted to a wide array of applications and form factors. We combine our hardware, software, and algorithms to unlock value for our customers by providing them a differentiated advanced solution for a rapidly evolving, always-on world.

MicroVision has a substantial portfolio of patents relating to laser beam scanning projection and sensing. MicroVision’s industry leading technology is a result of its extensive research and development. The Company is based in Redmond, Washington.

Ansys

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100% MicroVision's Near Eye Display.