October 24, 2007 — Microvision Inc. (Nasdaq: MVIS), a developer of MEMS-enabled light scanning technologies for display and imaging products, has entered into a development agreement with one of the world’s largest consumer electronics manufacturers of mobile phones, digital cameras and personal media players.
Under the agreement, the manufacturing partner will integrate Microvision’s proprietary PicoP display engine into fully functional stand-alone projector prototypes, the company said in a news release. The projector prototypes are expected to be marketed to leading consumer electronics companies for private labeling and distribution for mobile applications including mobile phones and other devices. The accessory prototypes will incorporate the PicoP display engine that is being developed by Microvision’s other strategic supply chain partners.
For confidentiality reasons and at the request of the manufacturing partner, Microvision is not releasing the partner’s name or details regarding the expected timing of the product launch.
The PicoP accessory projector is expected to be the size of today’s feature-rich cell phones and will provide consumers with a ‘large screen viewing experience’ by projecting multimedia content from their mobile phones and other devices.