Microvision’s conference call was one of the best I have
heard in a long time. Not only did I like what I heard but I could feel a more
positive tone from Tokman and the new CFO, Stephen Holt, on the future of PicoP
and Microvision. Microvision stock was
trading nearly 10% higher today which is also a good sign compared to past years
of huge losses in the days after a conference call. Microvision also just needs 4 more trading days
above a 50+ million market cap in order to regain Nasdaq compliance with
listing rules. In early April, Microvision announced a $4.6 million dollar
agreement with a Global Fortune 100 electronics company. The rumors are out that’s its Apple, Samsung, or
maybe Sony? For now Microvision is keeping very quiet about the deal. Tokman did
state on the conference call that the Global Fortune 100 electronics company is
currently designing multiple projects with Microvision’s engine design. Not only did Microvision secure a multi-million
dollar design contract, they are also hand picking from a list of 50
prospective customers who have tested and evaluated the latest HD Picop design
engine. Until we actually hear who their prospective customers are, it sounds
like Microvision is learning from past mistakes.
I remember when all
the shareholders were in a frenzy trying to speculate who big OEM contract was going
be. Apple or Samsung had the most votes and at the end of the day it turned out
to be Uniden. Just imagine the look on some shareholders faces, no Apple, no
Samsung, surprise it’s Uniden! Then came other random OEM’s such as ES Plus
Korea & WoWee One. Either way, Microvision claims to have a choice between
50 potential customers, let’s hope they do their research and sign some of the
best OEM’s the market has to offer. For
years there was debate on why the ShowWX+ had failed and we heard it straight from
Tokman when he stated that a single laser in the Gen1 engine cost over $100 to
purchase. Not only was the laser
expensive, virtually all laser manufactures bailed out of commercial
production. The ShowWX was truly and amazing product, but it was too expensive,
not bright enough, and no commercial supply of lasers was available.
This has all changed with the introduction of the direct
green laser. Major laser manufactures knew that direct green laser was the
future and this is clearly demonstrated by Microvision latest Gen2 HD engine
which direct green lasers are at its very core.
The engine is much more efficient, smaller, and pumps out 25-35 lumens
vs 10-15 lumens with Gen1. But Microvision isn’t stopping there, Tokman has
claimed several times that the new engine is capable of 50 lumens without
sacrificing size of the engine or battery life.
Microvision technology also goes way beyond just projecting high
definition images from a pico engine, their technology is capable of
Interactive Touch and there have been rumors of possible 3D application.
It was great to hear a lot more questions being asked by
various investors on the conference call. I remember a past conference call
where there were no questions and Tokman sounded like he’s was having a really
bad day, then the next day the stock tanked 20%. But this conference was unlike
many in the past, Tokman sounded confident and there is plenty to look forward
to. Microvision is still burning through cash but has significantly reduce its operating
expenses. But at the end of the day, through
all the hard times, Microvision has the best pico engine technology on the
market, direct green lasers are becoming increasingly cheaper, commercial production
available, and major corporation’s such as Pioneer are currently successfully
utilizing Microvision’s new engine. The
next few months should be interesting and I’m sure there are a lot of
shareholders that are interested to hear who Microvision is working with.
