To: Jan Johnsen who wrote (851 ) 2/20/1998 8:29:00 AM From: emil Read Replies (1) | Respond to of 7720
Friday February 20, 8:00 am Eastern Time Company Press Release SOURCE: Microvision, Inc. Microvision Awarded Research Contract from Department of Defense Company to Develop High Definition Display for Helicopter Flight Simulators SEATTLE, Feb. 20 /PRNewswire/ -- Microvision, Inc. (Nasdaq: MVIS; MVISW), developer of the Virtual Retinal Display(TM) (VRD(TM)), today announced that it has been awarded a Small Business Innovation Research (SBIR) contract from the United States Army to initiate the development of a full-color, high-definition, head-mounted display (HMD) to present visual imagery to helicopter pilots in an operational flight simulator. The Phase I contract seeks to demonstrate the feasibility of presenting various types of visual imagery and symbology to helicopter pilots through a lightweight, full-color, high-definition HMD. The contract seeks further to develop innovative display technology that may also serve a range of diverse applications in other areas of the military and commercial sectors including telemaintenance, telemedicine, and applications in various types of head and helmet-mounted display systems. Microvision will study and develop such a display system for the Army using the company's core VRD technology. The research contract will be monitored by Dr. Joe DeMaio of the Aeroflight Dynamics Directorate, NASA Ames Research Center, Moffet Field, California. The principal investigator during this study is Ned Nestorovic, Microvision Senior Optical Design Engineer. Steve Willey, Executive Vice President for Microvision, said, ''This contract will allow Microvision to demonstrate how VRD technology can meet the challenges facing flight simulation in today's rotary-wing environment. The VRD offers significant advantages over existing display technologies, and during this contract Microvision will highlight and discuss the advantages of the VRD as an innovative simulation display technology that can increase the pilot's situational awareness, reduce workload, shorten response time to critical information, and reduce flight risks.'' About the Company Microvision, based in Seattle, Washington, is developing and commercializing its VRD technology, which allows electronically generated images and information to be projected onto the retina of the viewer's eye. The VRD scans a low power beam of light to paint rows of pixels onto the eye, creating a high resolution, full-motion image without the use of electronic screens of any kind. The company's objective is to be a leading provider of personal display products and imaging technology in a broad range of military, professional and consumer applications. For additional information, find the company's website at 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. For more information of Microvision via fax, at no cost, dial 800-PRO-INFO, ticker symbol MVIS.