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

To: mark calder who wrote (744)	12/1/1997 5:05:00 PM
From: David Rodella	Read Replies (2) \| Respond to of 7720

Precis of Wall St Corp Reporter article: Quick resume by Richard Rutkowski - Lone Wolf digital networking cpy, then Consulting, then MVIS. Description of MVIS VRD technology - we all know this. Rick noted that pilots and surgeons have need for such a high resolution, personal, mobile display device. Also discussed applications such as video-cellphones accessing the WWW. He went on to point out that today's devices either offer portability with low resolution and high cost or high resolution with the drawback of a bulky display. VRD aims to provide high resolution in an easily portable, personal unit. MVIS has targeted markets that could be termed "high value, early adopters", such as military and medical. Consumer entertainment won't be viable market in the near term. The comany is beginning to transition from pure R & D towards initial product development. Cpy has directed Univ of Wa to file for 21 patents. Cpy has since logged 30 invention disclosures to date this yr (about 2/3 of these might end up as patent applications). Have 15 engineering staff (this out of date - now more like 25). Mentioned two USAF contracts and three commercial contracts this yr. Prototype delivered to Boeing. Late 1998-early 1999 target dates for early product. Receive funding both from commercial and military to help finance research. Joint ventures and licensing arrangements possible. Regard initial contracts as beginning of very real partnerships - a collaborative effort. Expect funding from collaborative contracts to pick up considerably and to cover large % of operating expenses. Have cash in $11m area. Existing competition is primarily flat panel displays. MVIS believes can provide higher performance attributes with fewer trade-offs than competing technologies. There is a fundamental elegance and simplicity to MVIS VRD technology. Don't need 300,000 transmitters to display 300,000 pixels - VRD works by scanning a single beam of modulated light, which is turned off and on 300,000 times during the scan. MVIS has been continually improving the performance of its prototypes - in size, weight, image quality, brightness, power consumption and other attributes. Targeting gross margins several yrs out in the 50% range. May manufacture some key components, may manufacture by using 3rd party sources, may license. Do not intend to have large captive plant. In the example of a gaming application, with high volumes and low unit cost, would license the technology. Rick noted as an aside that VRD not only allows for elimination of fixed screen in gaming application but also should allow for 3D stereoscopic imaging and very wide field of view.