MicroVision,
Inc. (NASDAQ: MVIS), a leader in innovative ultra-miniature
projection display and sensing technology, today announced that it has received
a $6.7 million order for its small form factor display engine (model
PSE-0403-103) from an Asian electronics device manufacturer. The customer plans
to embed the MicroVision display engines in smartphones.
The electronics Original Equipment Manufacturer
(OEM) plans to launch the smartphone product later this year in China and other
markets where it has existing distribution of its products. Currently
MicroVision expects to begin shipping engines to the OEM in the second quarter
of 2017 with a large majority of the units shipping by the end of 2017. Actual
timing of shipments of the PSE-0403-103 to this OEM will be finalized in line
with the OEM’s product launch timing. Other details of the product or agreement
between MicroVision and the OEM are confidential.
This order demonstrates how the small form factor
display engine MicroVision announced in November 2016 is suited to applications
where small size and power efficiency are required and where flexible design of
the module is needed by the OEM. The electronics OEM that is designing the
smartphone with an embedded projector required an electronics board layout that
varied from the standard form of MicroVision’s PSE-0403-101 display engine.
MicroVision was able to quickly design a form factor that met the requirements
of the OEM and could be manufactured by MicroVision’s supply chain partner.
This module, PSE-0403-103, uses the same MEMS and ASICS1 components
as the standard MicroVision PSE-0403-101 engine with a configuration that
supports the design of the OEM’s product.
MicroVision began shipping samples of its small
form factor display engine to customers, including this OEM, in December 2016.
