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(R) scanning technology with a Taiwanese ODM.
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."
About MicroVision
MicroVision is the creator of PicoP(R) scanning technology, an ultra-miniature laser projection and sensing solution based on the laser beam scanning methodology pioneered by the company. MicroVision's platform approach for this advanced display and sensing solution means that it can be adapted to a wide array of applications and form factors. It is an advanced solution for a rapidly evolving, always-on world. Extensive research has led MicroVision to become an independently recognized leader in the development of intellectual property. MicroVision's IP portfolio has been recognized by the Patent Board as a top 50 IP portfolio among global industrial companies and has been included in the Ocean Tomo 300 Patent Index. The company is based in Redmond, Wash.
For more information, visit the company's website at www.microvision.com, |
