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Microcap & Penny Stocks : Microvision (MVIS) -- Ignore unavailable to you. Want to Upgrade?

To: vpelt who wrote (5261)	8/13/2001 2:52:28 PM
From: vpelt	Read Replies (1) \| Respond to of 7721

Microvision and European Automaker to Develop Advanced Automotive DisplaysCompanies Will Prototype Driver Information and 'Infotainment' Applications For Future Vehicles BOTHELL, Wash., Aug 13, 2001 /PRNewswire via COMTEX/ -- Microvision (Nasdaq: MVIS), the leader in light scanning technologies, today announced it has received a predevelopment contract from a European automaker to begin rapid prototyping of driver and passenger information and "infotainment" displays for demonstration and evaluation in test vehicles. The initial work is expected to take six months and will involve novel head-up display (HUD) projection and driver/passenger information center applications via rear projection display, both using Microvision's proprietary scanning display technology. The advanced head-up display systems will enable the driver to view transparent images, eventually in full color, for day/night navigation information, as well as night vision imagery by projecting the images on the windshield. Projection displays also will be incorporated into a driver information center that can contain virtually any information relevant to the driver. For passengers, extremely high-resolution rear projection displays will deliver a variety of "infotainment" applications, including video gaming and movies, and eventually, mobile Internet capability. According to Tom Sanko, Microvision's vice president of marketing, the project will show that Microvision's scanning display technology may well solve the problem of delivering high information content to drivers and passengers in future automobiles where display size, weight, flexible design configuration, power consumption and visibility are key factors. "The interest from the automotive industry for our display technology is growing quickly," said Sanko. "Present display technologies have performance and cost limitations that we believe can be overcome with our scanning displays because our display 'engine' can be made very small and very inexpensively and yet still yield extremely bright, high fidelity images." Drivers and passengers, and subsequently automotive manufacturers, are all looking for enhanced display capabilities within their automobiles, said Sanko. "As we all spend more time in automobiles, our vehicles need to be more fully integrated with a variety of high-quality navigation and entertainment display systems. In this European automaker, we have a partner demonstrably on the leading edge of automotive technology, and fully able to appreciate and quickly leverage the potential of our scanning display approach. We are excited to work with this company and pleased that it considered Microvision's displays as a solution for automotive display applications." About Microvision: www.mvis.com Headquartered in Bothell, Wash., Microvision Inc. is the developer of the patented retinal scanning display technology and a world leader in micro miniature optical scanning technology for display and imaging applications. The company's technology has applications in a broad range of military, medical, industrial, professional and consumer information products. 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-K and Quarterly Reports on Form 10-Q, as filed with the Securities and Exchange Commission. MAKE YOUR OPINION COUNT - Click Here tbutton.prnewswire.com SOURCE Microvision Inc. CONTACT: media, Matt Nichols, mattn@mvis.com, or investors, Brian Heagler, brian_heagler@mvis.com, both of Microvision Inc., +1-425-415-6847; or Randy Balogh of Parker LePla, +1-206-285-5280, or randyb@parkerlepla.com, for Microvision Inc. URL: mvis.com prnewswire.com Copyright (C) 2001 PR Newswire. All rights reserved.