MicroVision receives order over $4M from Pioneer Corporation for PicoP Gen2 technology

Redmond, WA -- Developer of ultra-miniature projection display technology, MicroVision, Inc. (NASDAQ:MVIS), announced that it has received purchase orders from Pioneer Corporation valued in excess of $4 million. The purchase orders cover key components, including MEMS and electronics, which are part of the company’s patented next generation HD PicoP display technology. This technology is based on direct green lasers (PicoP Gen2) that Pioneer is integrating into its Cyber Navi car navigation system. Pioneer’s Cyber Navi head-up display (HUD) is the first commercial product based on MicroVision’s PicoP Gen2 display technology.

MicroVision has already begun shipping components to Pioneer for its aftermarket HUD product that is expected to be available in Japan in July. The Cyber Navi is the world’s first HUD to project augmented reality information in front of the windscreen and the world’s first onboard HUD to use lasers. The product was designed to offer drivers a new way of experiencing data on the road.

Pioneer will combine the MEMS and electronics it receives from MicroVision with red, blue and direct green lasers from its laser suppliers to create optical engines based on MicroVision’s patented PicoP reference design. The PicoP display technology embedded in the HUD delivers bright, clear, full color images viewable in daylight in a small form factor with low power requirements.

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