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

To: Josef Svejk who wrote (1906)	1/27/1999 4:01:00 PM
From: William	Read Replies (1) \| Respond to of 7721

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To: Josef Svejk who wrote (1906)	1/28/1999 9:07:00 AM
From: bob	Read Replies (1) \| Respond to of 7721

SOURCE: Microvision, Inc. Microvision Delivers Daylight-Readable Portable Head-Worn Display to U.S. Navy SEATTLE, Jan. 28 /PRNewswire/ -- Bright ambient light has long been a challenge when it comes to using heads-up or head-mounted displays for daylight operations, but during recent sea trials aboard a U.S. Navy fast patrol craft, Microvision's portable head-worn display made waves with its unique ability to overcome the glare of Hawaii's tropical sun. ''We are tremendously excited about this,'' said Andy Stevens, Microvision product manager. ''This kind of daylight readability is absolutely unprecedented in a portable system, and this achievement significantly increases the potential for wearable displays and wearable computers.'' Microvision's display, incorporating the company's proprietary Virtual Retinal Display(TM) (VRD(TM)) technology, was selected because of its unique ability to achieve the Navy's strict requirements for high resolution and ''see-through'' daylight readability with full motion video capability. Last September, Rear Admiral P. G. Gaffney II, Chief of Naval Research and the Navy's Director of Navy test and evaluation and technology requirements, identified VRD as an innovative technology with the potential to enhance the portable, ''hands-free'' distribution of command, control, communications and intelligence information on the new fast patrol craft program. His vision was recently brought to life during two days of sea trials in December 1998. Microvision's display allowed Navy and Dept. of Defense officials to view instrumentation readouts and ''moving map'' images from a navigational and Global Positioning System (GPS) superimposed over the sun-drenched real-world scene as they scanned the horizon. The display was integrated with a small, waistband-mounted computer and linked to a wireless local area network (LAN), allowing users to move freely around the boat. Users accessed the information through voice commands, as well as a remote mouse. The wearable VRD display system is being considered as a possible replacement for existing on-board display monitors on certain naval vessels. It also has potential for other applications that go well beyond the Navy's initial fast patrol craft requirements. Microvision delivered the lightweight, battery-powered display system to the Navy in an aggressive three-month development effort. The company plans to release a more advanced version of the system to military and commercial customers next year. ''With growing global competition in manufacturing driving the demand for increased productivity, the movement toward ready-to-wear computing, which started with the military, is already finding applications on factory floors, assembly lines and even in surgical suites,'' said Microvision's President and CEO Rick Rutkowski. ''Wearable computing has the potential to deliver significant improvements in quality, safety and productivity in the workplace. ''As people become more familiar with the use of wearable computers, they will begin to recognize that the ability to see through the image in a range of ambient light conditions is an essential requirement,'' Rutkowski continued. ''From a safety standpoint, you don't want to block part of a worker's visual field or risk interfering with depth perception by blocking one eye. Also, in order to see through less bright displays, you would have to provide contrast by either darkening the room or the viewing optics -- neither of which is desirable in the workplace. We are convinced that see-through capability will be critical to winning market share. We believe that competing microdisplays will have a very tough time meeting this requirement, especially since power usage must also be kept to a minimum in portable devices.'' About Microvision Headquartered in Seattle, Microvision, Inc. (Nasdaq: MVIS - news, MVISW - news) is the developer of the patented Virtual Retinal Display(TM) (VRD(TM)) technology that uses a rapidly scanning beam of 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 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.