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REDMOND, Wash., Feb. 28, 2019 (GLOBE NEWSWIRE) -- MicroVision, Inc. (NASDAQ: MVIS), a leader in innovative laser beam scanning technology, today announced that it will begin shipping the Explorer Edition of its MEMS-based 3D LiDAR engine to select customers in March 2019. The Explorer Edition is the first product in MicroVision’s planned Consumer LiDAR product family. This ready-to-integrate engine combines hardware and software in a compelling form factor that enables advanced differentiated solutions for Artificial Intelligence or AI-connected devices.
MicroVision’s Consumer LiDAR Explorer Edition delivers low latency and high-fidelity spatial awareness to AI-embedded hardware and applications. This 3D sensing engine enables new product offerings in indoor home automation, augmenting reality in smart displays and in room sensing and navigation to name a few applications. This 3D sensing engine delivers instantaneous depth data and thereby the ability to build contextual maps of spaces and acquire localization information of tracked objects. The Consumer LiDAR Explorer Edition offers outstanding performance and a compact design for its combination of throughput, latency and range.
“Our Explorer Edition offers our customers the opportunity to begin developing potential smart products leveraging this new class of compact, mid-range, depth sensors,” said Perry Mulligan, MicroVision’s Chief Executive Officer.
Additional information about this technology can be found on the Technology section of MicroVision's website at www.MicroVision.com.
MicroVision is the creator of PicoP® scanning technology, an ultra-miniature sensing and projection solution based on the laser beam scanning methodology pioneered by the company. MicroVision’s platform approach for this sensing and display solution means that its technology can be adapted to a wide array of applications and form factors. MicroVision combines hardware, software, and algorithms to unlock value for its customers by providing a differentiated advanced solution for a rapidly evolving, always-on world.
MicroVision® and PicoP® are registered trademarks of MicroVision, Inc. in the United States and other countries. All other trademarks are the properties of their respective owners.
Certain statements contained in this release, including those relating to shipping plans for products future product and technology development and sales, enabling advanced solutions and other products and those containing words such as “expects,” and “enables” are forward-looking statements that involve a number of risks and uncertainties. Factors that could cause actual results to differ materially from those projected in the company's forward-looking statements include the following: our ability to raise additional capital when needed; products incorporating our PicoP display engine may not achieve market acceptance, commercial partners may not perform under agreements as anticipated, we may be unsuccessful in identifying parties interested in paying any amounts or amounts we deem desirable for the purchase or license of IP assets, our or our customers failure to perform under open purchase orders; our financial and technical resources relative to those of our competitors; our ability to keep up with rapid technological change; government regulation of our technologies; our ability to enforce our intellectual property rights and protect our proprietary technologies; the ability to obtain additional contract awards; the timing of commercial product launches and delays in product development; the ability to achieve key technical milestones in key products; dependence on third parties to develop, manufacture, sell and market our products; potential product liability claims; and other risk factors identified from time to time in the company's SEC reports, including the company's Annual Report on Form 10-K filed with the SEC. Except as expressly required by federal securities laws, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, changes in circumstances or any other reason.
Investor Relations Contact:
David H. Allen
Darrow Associates, Inc.