MicroVision Unveils New MOVIA(TM) Sensor and Wins Order for Legacy Sensor
MicroVision also announced continued progress in sales of the legacy Gen 1 Scala sensor, the first automotive lidar sensor installed in passenger vehicles in series production. Expanding on established relationships, MicroVision recently received another significant purchase commitment for this sensor and related software from a large repeat customer.
"We are happy to support the continued sale of products to long-time Ibeo customers," said
Based on a combination of sales of software, hardware, and services to various customers, MicroVision expects to record
"Our teams have made significant progress in seamlessly integrating the technologies and operations of Ibeo into MicroVision within the first two months of the
Since the closing of MicroVision's acquisition of certain assets of Ibeo, in addition to the high-speed dynamic-range MAVIN lidar sensor targeted for sale to automotive OEMs and Tier 1 suppliers, MicroVision has begun selling the MOSAIK Suite as a system solution for validating vehicle sensors for ADAS and autonomous vehicle applications, as well as the MOVIA sensor and Gen 1 Scala sensor and software. This unique product portfolio allows MicroVision to realize near-term sales while developing momentum for long-term opportunities and series production.
About MicroVision
With over 350 employees and global presence in
For more information, visit the Company's website at www.microvision.com, on Facebook at www.facebook.com/microvisioninc, and LinkedIn at https://www.linkedin.com/company/microvision/.
MicroVision, MAVIN, MOSAIK, and MOVIA are trademarks of
Forward-Looking Statements
Certain statements contained in this release, including the Company's estimates of expected revenue, are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These statements reflect our expectations, assumptions and estimates as of the date of this release, and actual results may differ materially from the results predicted. The preparation of forward-looking financial guidance requires the Company to make estimates and assumptions; actual results may differ materially from these estimates under different assumptions or conditions. Factors that could cause actual results to differ materially from those projected in such forward-looking statements include the risk to the Company's ability to operate with limited cash or to raise additional capital when needed; market acceptance of its technologies and products or for products incorporating its technologies; the failure of its commercial partners to perform as expected under its agreements; its financial and technical resources relative to those of its competitors; its ability to keep up with rapid technological change; government regulation of its technologies; its ability to enforce its intellectual property rights and protect its proprietary technologies; the ability to obtain customers and develop partnership opportunities; 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 its products; potential product liability claims; its ability to maintain its listing on
Investor Relations Contact
Darrow Associates Investor Relations
MVIS@darrowir.com
Media Contact
Marketing@MicroVision.com
SOURCE:
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