| MicroVision Enters into $1.5 Million Agreement with Fortune Global 100 Customer for Display Module Support Services | Companies extend collaboration following completion of development as they prepare for production
REDMOND, Wash.--(BUSINESS WIRE)--October 27, 2014--
MicroVision, Inc. (NASDAQ: MVIS), a leader in innovative ultra-miniature projection display technology, today announced it has entered into an agreement valued at $1.5 million with its Fortune Global 100 customer for display module support services.
MicroVision recently announced successful completion of development work under an April 2013 agreement. The company and its customer will now transition to focusing on commercialization activities that are expected to span several phases including production readiness, initial production and market launch for the display module.
"We are pleased to provide continued support to our Fortune Global 100 customer as we work together to bring the display module incorporating PicoP(R) display technology to market," said Alexander Tokman, president and CEO of MicroVision.
About MicroVision
MicroVision is the creator of PicoP(R) display technology, an ultra-miniature laser projection solution for mobile consumer electronics, automotive head-up displays and other applications. MicroVision's patented display technology helps OEMs break down display boundaries and offer enhanced visibility to mobile experiences. Nearly two decades of research has led MicroVision to become an independently recognized leader in the development of intellectual property. The company is based in Redmond, Wash.
For more information, visit the company's website at www.microvision.com, on Facebook at www.facebook.com/MicroVisionInc or follow MicroVision on Twitter at @MicroVision.
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