MicroVision and STMicroelectronics to Co-Market MEMS Mirror-based Laser Beam Scanning Solutions
11 November 2016 - 1:00AM
Business Wire
Companies target pico projection, virtual and
augmented reality (VR, AR), 3D sensing and ADAS applications
MicroVision, Inc. (NASDAQ:MVIS), a leader in innovative
ultra-miniature projection display and sensing technology, and
STMicroelectronics (NYSE:STM), a global semiconductor leader
serving customers across the spectrum of electronic applications,
today announced that they plan to work together to develop, sell,
and market Laser Beam Scanning (LBS) technology.
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The companies anticipate cooperating closely on market
development efforts that will include joint sales and marketing
activities for LBS solutions. In addition to the pico projection
and heads-up display (HUD) markets that both companies are
currently addressing with their LBS solutions, ST and MicroVision
anticipate targeting emerging markets and applications including
virtual and augmented reality (VR, AR), 3D sensing and Advanced
Driver Assistance Systems (ADAS).
In addition, MicroVision and ST anticipate exploring options to
collaborate on future technology development including a joint LBS
product roadmap. This cooperation would combine the process design
and manufacturing expertise of ST with the LBS systems and
solutions expertise of MicroVision.
“Working with MicroVision, our goal is to build on our matched
skills, shared vision, and commitment to grow LBS-enabled markets
to open up many opportunities for both companies,” said Benedetto
Vigna, Executive Vice President of the Analog and MEMS Group of ST.
“This relationship will position ST to pursue all of the growth
opportunities for LBS and the complementary power, sensing, and
control components.”
“Teaming up with ST, a world leader in its field, is important
for MicroVision both for ST’s expertise in semiconductor technology
and its global customer reach,” said Alexander Tokman, president
and CEO of MicroVision. “Combining ST’s expertise in the
development and manufacture of key components for LBS scanning
engines with MicroVision’s proprietary system, engine, and
applications knowledge, and intellectual property can be highly
advantageous for marketing LBS solutions to a wide array of
companies for numerous applications.”
The companies have an existing working relationship on
production of MicroVision components. ST manufactures MicroVision’s
current-generation MEMS die based on MicroVision’s design. ST also
manufactures one of the ASICs sold by MicroVision.
About MicroVision
MicroVision is the creator of PicoP® scanning technology, an
ultra-miniature laser projection and sensing solution based on the
laser beam scanning methodology pioneered by the company.
MicroVision’s platform approach for this advanced display and
sensing solution means that it can be adapted to a wide array of
applications and form factors. It is an advanced solution for a
rapidly evolving, always-on world. Extensive research has led
MicroVision to become an independently recognized leader in the
development of intellectual property. MicroVision’s IP portfolio
has been 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. The company is based in Redmond,
Wash.
For more information, visit the company’s website at
www.microvision.com, on Facebook at www.facebook.com/MicroVisionInc
or follow MicroVision on Twitter at @MicroVision.
MicroVision and PicoP are trademarks of MicroVision, Inc. in the
United States and other countries. All other trademarks are the
properties of their respective owners.
About STMicroelectronics
ST is a global semiconductor leader delivering intelligent and
energy-efficient products and solutions that power the electronics
at the heart of everyday life. ST’s products are found everywhere
today, and together with our customers, we are enabling smarter
driving and smarter factories, cities and homes, along with the
next generation of mobile and Internet of Things devices.
By getting more from technology to get more from life, ST stands
for life.augmented.
In 2015, the Company’s net revenues were $6.90 billion, serving
more than 100,000 customers worldwide. Further information can be
found at www.st.com.
Forward-Looking Statements
Certain statements contained in this release, including those
relating to future product and product applications, cooperative
development, sales and marketing activities, potential market
opportunities, and goals, are forward-looking statements that
involve a number of risks and uncertainties. Factors that could
cause actual results to differ materially from those projected in
forward-looking statements related to MicroVision include the
following: the risk that no business enhancements result from
co-marketing efforts of the parties; MicroVision’s ability to raise
additional capital when needed; products incorporating
MicroVision’s PicoP® scanning technology may not achieve market
acceptance, commercial partners may not perform under agreements as
anticipated, MicroVision may be unsuccessful in identifying parties
interested in paying any amount or amounts it deems desirable for
the purchase or license of IP assets, MicroVision or its customers
failure to perform under open purchase orders; MicroVision’s
financial and technical resources relative to those of its
competitors; MicroVision’s ability to keep up with rapid
technological change; government regulation of its technologies;
MicroVision’s ability to enforce intellectual property rights and
protect its proprietary technologies; the ability to obtain
additional contract awards; 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; and other risk factors
identified from time to time in MicroVision’s SEC reports,
including its Annual Report on Form 10-K filed with the SEC. Except
as expressly required by federal securities laws, MicroVision
undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events, changes in circumstances or any other reason.
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version on businesswire.com: http://www.businesswire.com/news/home/20161110005439/en/
MicroVisionInvestors:Dawn Goetter,
+1-425-882-6629ir@microvision.comorMedia:Nicole Cobuzio,
+1-732-212-0823 ext.
102nicolec@lotus823.comorSTMicroelectronicsMedia:Michael Markowitz,
+1-781-591-0354michael.markowitz@st.com
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