Company expects volume shipments to commence in July 2017
REDMOND, Wash.--(BUSINESS WIRE)--June 27, 2017-- MicroVision, Inc. (NASDAQ: MVIS), a leader in innovative ultra-miniature projection display and sensing technology, today announced that it reached its production readiness milestone on-schedule and has begun shipments of its small form factor display engine to its customer, an Asian electronics device manufacturer.
The engines in this initial shipment to the Asian OEM are part of a $6.7 million order for a customized display engine, PSE-0403-103, to be embedded in a smartphone.
MicroVision plans to begin volume shipments in July, and expects a large majority of the units in this order to be shipped by the end of 2017.
For its smartphone design, the customer 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 an engine that met the customer's requirements and could be manufactured by MicroVision's supply chain partner. This module, PSE-0403-103, uses the same MEMS and ASICS(1) components as the standard MicroVision PSE-0403-101 engine and has the same performance characteristics including an always-in-focus, high definition image from a small, low power engine.
The flexibility to meet customers' specific design requirements for an engine product is a benefit of working with MicroVision and the company's PicoP(R) scanning technology platform. (1) Micro-electrical mechanical systems (MEMS) and Application-specific integrated circuits (ASICS) |
