MicroVision's MAVIN DR Dynamic Range Lidar Class 1 Compliant

Rhea-AI Summary

MicroVision Achieves Class 1 Compliance for MAVIN DR Lidar System

MicroVision, Inc. (NASDAQ:MVIS) has announced that its MAVIN DR dynamic view lidar system is now a Class 1 laser product compliant, aligning with international safety standards. This milestone enables the company to begin sample sales and pursue partnerships with OEMs, enhancing market opportunities. The MAVIN DR boasts high resolution and low latency, meeting the demands of advanced driver-assistance systems (ADAS). This compliance, a first in the industry, equips MicroVision for competitive advantage and safe operation.

Positive

• Achieved Class 1 compliance for MAVIN DR lidar system, enhancing safety and marketability.
• Allows MicroVision to begin sample sales and pursue OEM partnerships.
• High resolution and low latency of MAVIN DR meet advanced ADAS requirements.

Negative

• None.

Class 1 Compliance Allows MicroVision to Begin Sample Sales and Accelerate Real-World Validation

REDMOND, WA / ACCESSWIRE / September 27, 2022 / MicroVision, Inc. (NASDAQ:MVIS), a leader in MEMS-based solid-state automotive lidar and advanced driver-assistance systems (ADAS) solutions, today announced its MAVIN™ DR dynamic view lidar system as Class 1 laser product compliant. Class 1 laser products comply with laser safety standards and present no hazard to the eye or skin, according to the International Electrotechnical Commission (IEC). Achieving Class 1 compliance is a key milestone toward securing OEM partnerships, allowing MicroVision to begin sample sales and allowing potential customers to develop lean system architectures with unmatched system level safety guaranteed at lidar level running in real-time logic. MicroVision believes that this represents a huge advantage over all other current solutions. In particular, MicroVision's pixel-by-pixel approach to Class 1 compliance, believed to be a first in the industry, is expected to meet the high standards of OEMs.

MAVIN DR, MicroVision's lidar sensor featuring a dynamic field of view, delivers high resolution at all ranges and with low latency, enabling new ADAS safety features to achieve true highway-pilot functionality that OEMs demand. To ensure system compliance to current IEC standards, MicroVision's lidar system incorporates its patented Automatic Emissions Controls (AEC) methodology. Pulses that are hardware-encoded and timed within nanoseconds of each other are used to qualify the safety of each and every pulse emitted throughout the field of view. This represents the first implementation of its kind that conforms to IEC specification with safety compliance inside the lidar unlike other systems that rely on more expensive sensor fusion implementations that may not be as robust to IEC requirements.

"Given our 20-plus years of expertise developing products centered on laser beam scanning technology, the Class 1 compliance process is not new to the MicroVision team. We have navigated this process before and are pleased to achieve this important milestone with our MAVIN technology," said Sumit Sharma, CEO of MicroVision. "Right from the start, we developed our lidar sensor with safety in mind, incorporating our proprietary technologies, like AEC, to ensure safe operation to Class 1 standards. Our team continues to demonstrate its commitment to on-time delivery at the highest quality levels, and I am grateful for their hard work."

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-assistance 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, follow MicroVision on Twitter at @MicroVision, and LinkedIn at https://www.linkedin.com/company/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

Media Contact
Heidi Davidson
Galvanize Worldwide for MicroVision
(914) 441-6862
MicroVision@galvanizeworldwide.com

SOURCE: MicroVision, Inc.

View source version on accesswire.com:
https://www.accesswire.com/717680/MicroVisions-MAVIN-DR-Dynamic-Range-Lidar-Class-1-Compliant

FAQ

What does Class 1 compliance mean for MicroVision's MAVIN DR lidar system?

Class 1 compliance indicates that the MAVIN DR lidar system adheres to international safety standards, presenting no hazard to the eye or skin, which is critical for OEM partnerships.

How does Class 1 compliance impact MicroVision's sales strategy?

With Class 1 compliance, MicroVision can initiate sample sales to potential customers, facilitating real-world validation and attracting OEM partnerships.

What advantages does MicroVision's MAVIN DR lidar system offer?

MAVIN DR offers high resolution, low latency, and a dynamic field of view, enabling advanced driver-assistance systems to achieve true highway-pilot functionality.

When was the Class 1 compliance announcement made by MicroVision?

The Class 1 compliance announcement for MicroVision's MAVIN DR lidar system was made on September 27, 2022.

What is the significance of achieving Class 1 compliance for MicroVision?

Achieving Class 1 compliance is crucial for MicroVision as it positions the company favorably for OEM partnerships and enhances its competitive edge in the lidar market.