Thursday, May 10, 2012

MicroVision Secures $5 Million Equity Investment from Private Investors

Equity Investment from Private Investors
The lead investor is Shmuel Farhi, a Canadian-based real estate developer and the sole owner of Farhi Holdings Corporation, which currently owns and manages over 4 million square feet of office, retail, and residential space in Canada valued at more than $500 million. Mr. Farhi is also majority owner of a new professional hockey team in California, the San Francisco Bulls. 

"We are impressed with MicroVision's highly regarded intellectual property portfolio, its licensing and ingredient brand business model, and its strong management team," Mr. Farhi said. "We believe the company is well positioned to take advantage of the large, emerging pico projection market because of its patented PicoP display technology and the availability of direct green lasers."