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|Microvision Inc., was founded in 1993 in Delaware. The Company is engaged in the development high-resolution miniature laser display and imaging engines based upon its proprietary PicoP® display engine technology. The Company’s PicoP technology utilizes its patented expertise in two dimensional Micro-Electrical Mechanical Systems (MEMS), lasers, optics, and electronics to create a high quality video or still image from a small form factor device with lower power needs than conventional display technologies. The main objective for consumer applications is to provide users of mobile consumer devices such as smartphones, media players, tablet PCs and other consumer electronics products with a large screen viewing experience produced by a small embedded projector. The PicoP with some modification could be embedded into a vehicle or integrated into a portable standalone aftermarket device to create a high-resolution head-up display (HUD) that could project point-by-point navigation, critical operational, safety and other information important to the vehicle operator. It currently markets and sells its SHOWWX™ line of accessory pico projectors that use its PicoP display engine through a network of global distributors. The Company’s patented PicoP display engine technology includes a single-mirror MEMS scanner, laser light sources, electronics, and optics combined using its proprietary system control expertise, gained through years of internal research and development. It’s bi-directional MEMS scanning mirror is a key component of its technology platform and is one of its core competencies. The Company’s MEMS design is a silicon device with a tiny mirror at the center. This mirror is connected to small flexures which allow it to oscillate vertically and horizontally to capture (imaging) or reproduce (display) an image pixel-by-pixel. Its PicoP display engines create a brilliant, full color, high contrast, uniform display over the entire field of view, from a small and thin package. The Company’s proprietary PicoP display engine technology offers significant advantages over traditional display and imaging systems. Depending on the specific product application, these advantages may include: Small and thin package size; high brightness and contrast with 100% brightness uniformity; rich, saturated color reproduction; higher resolution; clear text readability; reduced power requirements; simple optical design that does not require complex focusing lenses; and lower price at volume. The Company’s potential display products incorporating its technology will compete with established manufacturers of mature display technologies such as miniaturized cathode ray tube and flat panel display devices, as well as companies developing new display technologies.|
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