Microvision completes private placement

March 17, 2003 — Microvision Inc., a Bothell, Wash., developer of MEMS-based optical scanning technology for display and imaging applications, announced that it completed a $12.5 million private placement of common stock and common stock purchase warrants.

The offering included 2,644,210 shares of registered common stock and warrants for 528,842 shares of common stock that can be exercised at $6.50 per share through March 2008. Both new and existing shareholders participated in the placement.

The company said in a news release that the funds raised will support the company at least through the end of the year and that an additional $3 million to $4 million would be required to fund operations through the first quarter of 2004.

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