MicroVision Increases Production Capacity to Meet Anticipated Demand
MicroVision (NASDAQ:MVIS) has announced an increase in production capacity for its MOVIA L sensor to meet anticipated industrial sector demand. Working with their Tier 1 manufacturing partner, ZF, the company expects significant output growth in 2025 compared to 2024. The expanded production scale will lead to reduced average cost per sensor while maintaining high quality standards for industrial applications.
MicroVision (NASDAQ:MVIS) ha annunciato un aumento della capacità produttiva per il suo sensore MOVIA L al fine di soddisfare la prevista domanda del settore industriale. Collaborando con il loro partner di produzione di livello 1, ZF, l'azienda prevede una crescita significativa della produzione nel 2025 rispetto al 2024. L'espansione della scala produttiva porterà a una riduzione del costo medio per sensore, mantenendo al contempo elevati standard di qualità per le applicazioni industriali.
MicroVision (NASDAQ:MVIS) ha anunciado un aumento en la capacidad de producción de su sensor MOVIA L para satisfacer la demanda anticipada del sector industrial. Trabajando con su socio de fabricación de primer nivel, ZF, la compañía espera un crecimiento significativo de la producción en 2025 en comparación con 2024. La ampliación de la escala de producción conducirá a una reducción del costo promedio por sensor, manteniendo al mismo tiempo altos estándares de calidad para aplicaciones industriales.
MicroVision (NASDAQ:MVIS)는 예상되는 산업 부문의 수요를 충족하기 위해 MOVIA L 센서의 생산 능력을 증가시켰다고 발표했습니다. 1급 제조 파트너인 ZF와 협력하여 회사는 2024년 대비 2025년에 상당한 생산 성장률을 기대하고 있습니다. 확장된 생산 규모는 센서당 평균 비용을 줄이는 동시에 산업 응용 프로그램에 대한 높은 품질 기준을 유지할 것입니다.
MicroVision (NASDAQ:MVIS) a annoncé une augmentation de la capacité de production de son capteur MOVIA L afin de répondre à la demande anticipée du secteur industriel. En collaboration avec leur partenaire de fabrication de niveau 1, ZF, l'entreprise prévoit une croissance significative de la production en 2025 par rapport à 2024. L'augmentation de l'échelle de production entraînera une réduction du coût moyen par capteur tout en maintenant des standards de qualité élevés pour les applications industrielles.
MicroVision (NASDAQ:MVIS) hat eine Erhöhung der Produktionskapazität für seinen MOVIA L Sensor angekündigt, um der erwarteten Nachfrage im Industriesektor gerecht zu werden. In Zusammenarbeit mit ihrem Tier-1-Fertigungspartner ZF erwartet das Unternehmen ein signifikantes Produktionswachstum im Jahr 2025 im Vergleich zu 2024. Die erweiterte Produktionsgröße wird zu einem gesenkten Durchschnittskosten pro Sensor führen und gleichzeitig hohe Qualitätsstandards für industrielle Anwendungen aufrechterhalten.
- Production capacity increase for MOVIA L sensors
- Expected significant output growth in 2025
- Reduced average cost per sensor through scale
- Partnership with established Tier 1 supplier ZF
- No confirmed orders mentioned despite capacity increase
- Increased production based on anticipated rather than secured demand
Insights
The scaling initiative offers dual advantages: increased output capacity and reduced unit costs through economies of scale. This cost optimization while maintaining quality standards is particularly important in the industrial automation sector, where price-performance ratio often drives adoption. The collaboration with ZF, a Tier 1 automotive supplier, provides MicroVision with established manufacturing infrastructure and quality control systems, reducing capital expenditure requirements that would be needed for independent facility expansion.
For simpler understanding: Imagine a bakery partnering with a large commercial kitchen to make more bread - they can make more loaves faster and cheaper per piece, while keeping the same recipe quality. That's what MicroVision is doing with their sensors.
The timing of this production capacity increase aligns with growing industrial automation trends, particularly in material handling, warehousing and manufacturing sectors where lidar technology is gaining traction. The MOVIA L sensor's potential applications in these areas could drive substantial volume requirements. The emphasis on maintaining automotive-grade quality standards while serving industrial applications positions MicroVision competitively in a market segment that demands reliability but has traditionally been more price-sensitive than automotive.
Think of it like this: Industrial robots are like the workers on a factory floor - they need reliable "eyes" (sensors) to work safely and efficiently. MicroVision is preparing to supply more of these "eyes" at better prices, which could lead to more robots using their technology.
REDMOND, WA / ACCESSWIRE / December 19, 2024 / MicroVision, Inc. (NASDAQ:MVIS), a leader in MEMS-based solid-state automotive lidar and ADAS solutions, today announced that it has increased production capacity for its MOVIA L sensor to meet anticipated demand from the industrial sector.
Building on the relationship with its existing automotive Tier 1 manufacturing partner, MicroVision expects output of MOVIA L sensors for 2025 to significantly increase compared to 2024. The continued acceleration of production capacity throughout 2025 will result in a reduced average cost per sensor, while maintaining a high-quality product suitable for industrial applications.
"Securing this production capacity is critical to support high-volume orders from industrial customers, so we feel good closing out the year with this commitment in hand," said Sumit Sharma, Chief Executive Officer. "We are pleased with this scaling, particularly from a cost perspective, and our Tier 1 automotive supplier, ZF, is a strong partner to help us deliver high-quality sensors into the industrial market."
About MicroVision
With offices in the U.S. and Germany, 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 to provide automotive lidar sensors and solutions for advanced driver-assistance systems (ADAS) and for non-automotive applications including industrial, smart infrastructure and robotics. The Company has been 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,and LinkedIn at https://www.linkedin.com/company/microvision/.
MicroVision, MAVIN, MOSAIK, and MOVIA are trademarks of MicroVision, Inc. in the United States and other countries. All other trademarks are the properties of their respective owners.
Forward-Looking Statements
Certain statements contained in this release, including product and manufacturing capabilities, customer engagement and the likelihood of success, opportunities for revenue, market position, and product portfolio are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those projected in such forward-looking statements include the risk its ability to operate with limited cash or to raise additional capital when needed; market acceptance of its technologies and products or for products incorporating its technologies; the failure of its commercial partners to perform as expected under its agreements; its financial and technical resources relative to those of its competitors; its ability to keep up with rapid technological change; government regulation of its technologies; its ability to enforce its intellectual property rights and protect its proprietary technologies; the ability to obtain customers and develop partnership opportunities; the timing of commercial product launches and delays in product development; the ability to achieve key technical milestones in key products; dependence on third parties to develop, manufacture, sell and market its products; potential product liability claims; its ability to maintain its listing on The Nasdaq Stock Market, and other risk factors identified from time to time in the Company's SEC reports, including the Company's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other reports filed with the SEC. These factors are not intended to represent a complete list of the general or specific factors that may affect the Company. It should be recognized that other factors, including general economic factors and business strategies, may be significant, now or in the future, and the factors set forth in this release may affect the Company to a greater extent than indicated. Except as expressly required by federal securities laws, the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, changes in circumstances or any other reason.
Investor Relations Contact
Jeff Christensen
Darrow Associates Investor Relations
MVIS@darrowir.com
+49 162-593-4931
Media Contact
Marketing@MicroVision.com
SOURCE: MicroVision, Inc.
View the original press release on accesswire.com
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