MicroVision Appoints Jeffrey Herbst to Board of Directors

Rhea-AI Summary

MicroVision (NASDAQ:MVIS) announced the appointment of Jeffrey Herbst to its Board of Directors. With over thirty years of experience in operational, business development, and venture capital roles, Herbst's background, particularly at NVIDIA, is expected to enhance MicroVision's position in the automotive lidar and Advanced Driver-Assistance Systems (ADAS) market. Herbst has a history of managing significant investments and acquisitions, which could be beneficial for the company's growth strategy.

Positive

• Jeffrey Herbst joins the Board, bringing over 30 years of relevant industry experience.
• His previous role at NVIDIA involved overseeing over $8 billion in investments and acquisitions.
• Herbst's expertise in the automotive technology sector may strengthen MicroVision's market position.

Negative

• None.

REDMOND, WA / ACCESSWIRE / April 4, 2022 / MicroVision, Inc. (NASDAQ:MVIS), a leader in MEMS-based solid-state automotive lidar and ADAS solutions, today announced that Jeffrey Herbst has been appointed to the company's Board of Directors.

"We are delighted to add Jeff to the MicroVision Board," said Brian Turner, Chair of the Board. "Jeff brings over thirty years of operational, business development, venture capital and M&A experience to MicroVision. His innovative work supporting the automotive industry, through strategic partnerships and investments, while at NVIDIA will be highly relevant and valuable as we optimize MicroVision's position in the ADAS market and continue to execute our strategy."

Herbst spent nearly twenty years at NVIDIA where he built and managed an ecosystem of accelerated computing applications spanning the domains of AI, data science, autonomous machines, and graphics and visualization. While there, he created the NVIDIA GPU Ventures program, overseeing more than 40 global investments and 20 acquisitions valued at over $8 billion, and led the NVIDIA Inception global startup accelerator comprised of more than 8,000 AI, data science and high-performance computing companies. He later co-founded GFT Ventures, a venture capital firm focused on investing in early-stage frontier technology companies primarily located in the U.S. and Israel. He holds a law degree from Stanford University and a bachelor's degree in computer science from Brown University.

"I'm both delighted and honored to join the MicroVision Board," said Herbst. "My passion for the automotive ecosystem runs deep, especially relating to the technology powering the next generations of safer, smarter, more efficient, and ultimately autonomous vehicles. I look forward to working with the MicroVision directors and management to help position the company for long term success in the automotive lidar and ADAS markets."

About MicroVision

MicroVision is a pioneering company in MEMS based laser beam scanning technology that integrates MEMS, lasers, optics, hardware, algorithms and machine learning software into its proprietary technology to address existing and emerging markets. The Company's integrated approach uses its proprietary technology today to develop automotive lidar sensors and provide solutions for advanced driver-assisted systems (ADAS), leveraging its experience building augmented reality micro-display engines, interactive display modules and consumer lidar modules.

For more information, visit the Company's website at www.microvision.com, on Facebook at www.facebook.com/microvisioninc or follow MicroVision on Twitter at @MicroVision.

MicroVision is a trademark of MicroVision, Inc. in the United States and other countries. All other trademarks are the properties of their respective owners.

Investor Relations Contact

Jeff Christensen and Matt Kreps
Darrow Associates Investor Relations
MVIS@darrowir.com

SOURCE: MicroVision, Inc.

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https://www.accesswire.com/695759/MicroVision-Appoints-Jeffrey-Herbst-to-Board-of-Directors

FAQ

What is the significance of Jeff Herbst joining MicroVision's Board of Directors?

Jeff Herbst's appointment is significant due to his extensive experience in operational and business development roles, particularly in the automotive sector.

How could Jeffrey Herbst's experience at NVIDIA impact MicroVision?

Herbst's experience at NVIDIA could provide valuable insights and strategies for enhancing MicroVision's automotive lidar and ADAS offerings.

What background does Jeffrey Herbst have in automotive technology?

Herbst has a deep background in automotive technology, particularly through his strategic investments and partnerships during his time at NVIDIA.