Microvision, the leader in innovative ultra-miniature projection display technology, today announced its operating and financial results for the third quarter of 2011. MicroVision reported that it is on track to meet its three primary objectives for 2011. The company has been advancing the development of its next-generation high-definition (HD) PicoP display engine, and is on target to moderately increase revenue and reduce cash used in operations by approximately 40% from last year. "We believe the successful execution of our business strategy to date has increased our opportunities for 2012, and we are excited about what the future holds,” stated Alexander Tokman, president and CEO of MicroVision.
