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Microvision Announces Breakthrough with Super-Bright Light-Emitting Diodes
Breakthrough is milestone in development of consumer microdisplay products
SEATTLE, Nov. 13 /PRNewswire/ -- Microvision, Inc. (Nasdaq: MVIS - news, MVISW - news) today announced that, in conjunction with a prominent materials research and development company, it has achieved a breakthrough in the development of high intensity blue and green light-emitting diodes (LEDs). Because these semiconductor light sources are microminiature (about the size of a grain of salt), highly-efficient and very inexpensive, they help to enable very compact, low-cost implementations of the company's proprietary Virtual Retinal Display™ (VRD™) technology. Target applications for the LED-based microdisplays would include information displays for next-generation mobile phones and pagers, viewfinders for digital cameras, and wearable display peripherals for personal computers and interactive computer games.
''This development offers the potential to accelerate our product entry into the cost-sensitive, high volume consumer markets for microdisplays -- where smaller, cheaper, and higher performance are the rules,'' said John Lewis, Microvision director of research. ''Historically, the brightness of off-the-shelf LEDs has been inadequate for our applications, so this development is a major milestone that paves the way toward developing low-cost, high performance micro displays.''
Steve Willey, Microvision Executive Vice President, said, ''By integrating Microvision's recently announced proprietary MEMS (microelectromechanical system) optical scanner with the super-bright LEDs, we are significantly closer to our promise of making low-cost, high-resolution microdisplays for consumer products a reality. Microvision has already received significant interest from companies that are planning and developing such consumer products.
We believe this development puts us in a position to demonstrate the world's first full-color retinal scanning display using LEDs and silicon microscanners within the near future.''
In July of this year, Microvision demonstrated a proprietary MEMS-based optical scanner. The entire component is fabricated from a small sliver of silicon -- roughly half the size of a dime. The tiny scanning mirror itself is approximately less than one square millimeter in area -- smaller than the head of a pin. The development not only enables a high degree of display system miniaturization, it also has the potential to afford significant production economies through the use of highly automated batch fabrication techniques.
About Microvision
Headquartered in Seattle, Microvision, Inc. (Nasdaq: MVIS - news, MVISW - news) is the developer of the patented Virtual Retinal Display™ (VRD™) technology that uses a rapidly-scanning beam of colored light to project images on the eye's retina, allowing the viewer to see large, full-motion images without the need for a conventional display screen. Microvision's objective is to be a leading provider of personal display products and imaging technology in a broad range of military, medical, industrial, professional and consumer applications. The company was founded in 1993. Additional information can be found at the company's website at www.mvis.com.
Forward-Looking Statement
The information set forth in this release includes ''forward-looking statements'' within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and is subject to the safe harbor created by those sections. Certain factors that realistically could cause results to differ materially from those projected in the company's forward-looking statements are set forth in the company's Annual Report on Form 10-KSB and Quarterly Reports on Form 10-QSB, as filed with the Securities and Exchange Commission.
SOURCE: Microvision, Inc.
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