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Sunday, October 17, 2021

MEMS-based Consumer 3D LiDAR; the Run on Microvision, Inc. (NASDAQ: MVIS)

Microvision, Inc. (NASDAQ: MVIS) is moving steadily higher in recent trading as the stock continues to see heavy accumulation. The Company has made a number of big moves in recent days including the appointment of Judy Curran to its BOD. Judy Curran is a senior automotive executive with strong connections to both Ford and Microsoft and head of Global Automotive Strategy at Ansys. MicroVision has also been awarded United States Patent: 10,845,469 For Laser scanning devices and methods for extended range depth mapping.

MicroVision is easily one of the most exciting stories in small caps; the owner of a valuable intellectual property portfolio, a top manufacturer of high resolution LiDAR system’s and owner of a technology disrupting the Automotive industry and Augmented reality and IOT. . Speculation is sky high after MicroVision announced the potential sale of the company with its first quarter 2020 financial results. Microsoft whose entire AR operation is deeply dependent on MicroVision is the obvious suitor along with Ford. Microsoft is also a long-standing customer for Augmented Reality modules from Microvision and is currently making a push into the VR space.

Microvision, Inc. (NASDAQ: MVIS) is an innovator in ultra-miniature sensing and projection display technology creating better ways to interact and navigate in an increasingly complex and connected world – enabled by MicroVision’s patented PicoP® scanning technology; an ultra-miniature sensing and projection solution based on the laser beam scanning methodology pioneered by the Company. MicroVision’s platform approach for this sensing and display solution means that its technology can be adapted to a wide array of applications and form factors. The Company combines its hardware, software, and algorithms to unlock value for its customers by providing them a differentiated advanced solution for a rapidly evolving, always-on world. The Company is based in Redmond, Washington. MicroVision and PicoP are trademarks of MicroVision, Inc. in the United States and other countries.

MicroVision, Inc. is a pioneer in laser beam scanning (LBS) technology that it markets under its brand name PicoP®. The Company has developed its proprietary scanning technology that can be used in products for interactive projection, consumer light detection and ranging (LiDAR), automotive LiDAR, and augmented and mixed reality. MicroVision’s PicoP® scanning technology is based on our patented expertise in systems that include micro-electrical mechanical systems (MEMS), laser diodes, opto-mechanics, and electronics and how those elements are packaged into a small form factor, low power scanning module that can display, interact and sense, depending on the needs of the application. These systems utilize edge computing and machine intelligence as part of the solutions.

MicroVision’s MEMS-based Consumer 3D LiDAR delivers low latency and high-fidelity spatial awareness to AI-embedded hardware and applications. This 3D sensing engine enables new product offerings in indoor home automation, augmenting reality in smart displays and in room sensing and navigation to name a few applications. This 3D sensing engine delivers instantaneous depth data and thereby the ability to build contextual maps of spaces and acquire localization information of tracked objects.  This engine offers outstanding performance and a compact design for its combination of throughput, latency and range. The Company also sells LBS modules designed for original equipment manufacturers (OEMs) and original design manufacturers (ODMs). MicroVision plans to offer scanning modules to support a wide array of applications: an interactive scanning module for smart home speakers and other Internet of Things (IoT) products, a LiDAR module for consumer electronic applications, and solutions for augmented and mixed reality devices. The Company has also been developing its 200+ m range Perceptive automotive lidar module for OEM and Tier 1 acceptance for automotive active collision avoidance systems and autonomous driving vehicles.

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MVISSeveral weeks ago MicroVision reported it has made important progress in the development of its first-generation MEMS Dynamic Scanning Long Range Lidar (LRL) sensor module, including continued progress toward meeting key automotive industry requirements, which the Company believes will facilitate its development objective of producing hardware for demonstration and benchmarking by April 2021. These initial product tests demonstrated key features including an ability to achieve a range of 200 meters and continued functionality when exposed to sunlight, lidar sensors of other vehicles and other rogue signals. The Company believes continued progress on developing these features will be important in supporting its pursuit of potential strategic alternatives, which could include a sale or merger of the Company.

On December 1 MicroVision appointed Judy Curran to its BOD; Mrs. Curran is an accomplished senior automotive executive with over 30 years of experience in vehicle program, engineering and technology leadership. Curran currently works at Ansys as its Head of Global Automotive Strategy. Ansys is a simulation software company used to simulate multi-physic systems including ADAS systems. In addition to her executive experience, Curran has served on several boards including the Automotive Component Holdings Operating Board, a Ford Subsidiary; Board of Directors Executive Committee, Inforum Automotive NEXT; Board of Advisors, College of Engineering, Lawrence Technological University; German American Chamber of Commerce Board – Detroit Office and Board of Directors for SAE Foundation, SAE WCX, and SAE GLC Committees.

On November 24 MicroVision was awarded United States Patent: 10,845,469 For Laser scanning devices and methods for extended range depth mapping. This is an important addition to MicroVision’s substantial portfolio of patents relating to laser beam scanning projection and sensing including 450 issued patents. Microvision’s patent portfolio is recognized by the Patent Board as a top 50 IP portfolio among global industrial companies and has been included in the Ocean Tomo 300 Patent Index. MicroVision’s industry leading technology is a result of its extensive research and development.

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MicroVision is moving steadily higher in recent trading as the stock continues to see heavy accumulation. The Company has made a number of big moves in recent days including the appointment of Judy Curran to its BOD. Judy Curran is a senior automotive executive with strong connections to both Ford and Microsoft and head of Global Automotive Strategy at Ansys. MicroVision has also been awarded United States Patent: 10,845,469 For Laser scanning devices and methods for extended range depth mapping. MicroVision is easily one of the most exciting stories in small caps; the owner of a valuable intellectual property portfolio, a top manufacturer of high resolution LiDAR system’s and owner of a technology disrupting the Automotive industry and Augmented reality and IOT. Speculation is sky high after MicroVision announced the potential sale of the company with its first quarter 2020 financial results. Microsoft whose entire AR operation is deeply dependent on Microvision is the obvious suitor along with Ford. Microsoft is also a long-standing customer for Augmented Reality modules from Microvision and is currently making a push into the VR space. MicroVision got a boost after that Microsoft announced It is acquiring ZeniMax Media, the parent company of popular video game publisher Bethesda Softworks, for $7.5 billion. The Bethesda deal is expected to be finalized in the second half of fiscal year 2021 and is three times as much as the $2.5 billion that Microsoft paid for Mojang, the company behind Minecraft, in 2014. It will be Microsoft’s most expensive video game acquisition ever. We will be updating on MicroVision when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with MVIS.

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Disclosure: we hold no position in MicroVision either long or short and we have not been compensated for this article.

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