This has been an interesting stock for a while, maybe some movement expected at this time....NEWS today
Microvision Awarded $740,000 Contract to Expand Development Effort for Field Soldier System Equipment Delivered in Iraq Business Wire - October 10, 2005 09:35
BOTHELL, Wash., Oct 10, 2005 (BUSINESS WIRE) -- Microvision (NASDAQ:MVIS), the leader in light scanning technologies for display and imaging, announced today that it has been awarded a $740,000 subcontract by General Dynamics C4 Systems to design and develop enhancements to Microvision's wearable helmet-mounted display, the Nomad ND 2500 system, to provide increased ruggedization. As part of the contract, Microvision is expected to deliver 10 prototype display units that meet or exceed various Military Standards. Microvision recently completed the delivery of 165 Nomad ND 2500 systems to the U.S. Army under a $1.2 million contract by General Dynamics C4 Systems to give Stryker Brigade Combat team members in Iraq now the unique wearable display capability.
"We are pleased to be working with the U.S. Army on an effort to provide continuous product improvements in order to meet very demanding requirements," said Rick Rutkowski, Microvision CEO. "The environmental performance characteristics of the Nomad system are being designed to meet the Army's specifications. We believe the enhancements to the product's design and feature set will enable us to expand Nomad's reach in the military."
To view information about the Nomad system including testimonials from military and commercial customers, please visit www.microvision.com.
Headquartered in Bothell, Wash., Microvision Inc. is the world leader in the development of high-resolution displays and imaging systems based on the company's proprietary silicon micro-mirror technology. The company's technology has applications in a broad range of military, medical, industrial, professional and consumer products.
Certain statements contained in this release, including those relating to performance and product applications and those which use words such as "believe," and "expect," 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 the company's forward-looking statements include the following: market acceptance of our technologies and products; our ability to obtain financing; our financial and technical resources relative to those of our competitors; our ability to keep up with rapid technological change; government regulation of our technologies; our ability to enforce our intellectual property rights and protect our proprietary technologies; the ability to obtain additional contract awards and to develop partnership opportunities; the timing of commercial product launches; the ability to achieve key technical milestones in key products; and other risk factors identified from time to time in the company's SEC reports, including in its Annual Report on 10-K for the year ended December 31, 2004, and its Quarterly Reports on Form 10-Q.
SOURCE: Microvision Inc.
Microvision Inc. Matt Nichols, 425-415-6657 (Media) or Brian Heagler, 425-415-6794 (Investors)
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