MicroVision Unveils New MOSAIK(TM) Validation Suite and Begins Cooperation with Jaguar Land Rover

Rhea-AI Summary

MicroVision (NASDAQ: MVIS) has launched its MOSAIK validation suite aimed at enhancing ADAS and autonomous vehicle platforms. This suite allows automotive manufacturers, including Jaguar Land Rover (JLR), to validate their systems with advanced validation solutions. Following the acquisition of assets from Ibeo Automotive Systems, MicroVision provides a complete solution incorporating both hardware and software for ADAS and AV validation. CEO Sumit Sharma emphasized the efficiency of the suite in processing data against ground truth to enhance vehicle safety and capabilities.

Positive

• Launch of the MOSAIK validation suite to enhance ADAS and autonomous vehicle validation.
• Acquisition of Ibeo Automotive Systems' assets expands validation capabilities.
• New partnership with Jaguar Land Rover adds a prominent customer.

Negative

• None.

REDMOND, WA / ACCESSWIRE / March 22, 2023 / MicroVision, Inc. (NASDAQ:MVIS), a leader in MEMS-based solid-state automotive lidar and advanced driver-assistance systems (ADAS) solutions, today announced the launch of its MOSAIK validation suite which enables automotive OEM and Tier 1 customers to validate their ADAS and autonomous vehicle platforms in the most advanced way. Following prior engagements with OEMs like BMW and Vinfast, MicroVision has added Jaguar Land Rover (JLR) as a customer for its MOSAIK software suite to enable enhanced automated driving capabilities and safety features for its fleet of next-generation cars.

"We are pleased to supply JLR with our advanced validation solution," said Sumit Sharma, MicroVision's Chief Executive Officer. "As OEMs seek to internally validate their ADAS and AV systems, our auto-annotation software allows them to efficiently process high volumes of reference data against ground truth data to validate a wide range of sensors and solutions."

Following the closing of MicroVision's acquisition of certain assets of Ibeo Automotive Systems, the company is offering a system solution for validating vehicle sensors for ADAS and autonomous vehicle applications. The MOSAIK validation suite offers hardware and software that comprise a complete solution to validate their ADAS and AV systems. In addition to auto-annotation and reference software modules, the validation solution may include MicroVision lidar sensors.

"We're thrilled to demonstrate the synergies of the asset acquisition so quickly after closing as our team worked diligently to accelerate the delivery of our products to market," added Sharma. "This unique product line will enable our customers to advance their validation needs and allow MicroVision to continue advancing our perception features."

About MicroVision

With over 350 employees and offices in Redmond, Detroit, Hamburg, and Nuremberg, 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 and MOSAIK are trademarks 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
Darrow Associates Investor Relations
MVIS@darrowir.com

Media Contact
Robyn Komachi
Marketing@MicroVision.com

SOURCE: MicroVision, Inc.

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https://www.accesswire.com/745128/MicroVision-Unveils-New-MOSAIKTM-Validation-Suite-and-Begins-Cooperation-with-Jaguar-Land-Rover

FAQ

What is the MOSAIK validation suite launched by MicroVision?

The MOSAIK validation suite is a comprehensive solution for validating advanced driver-assistance systems (ADAS) and autonomous vehicle platforms.

Who are the new customers for MicroVision's MOSAIK suite?

Jaguar Land Rover has been added as a customer for the MOSAIK validation suite.

When was the MOSAIK validation suite launched?

The MOSAIK validation suite was launched on March 22, 2023.

How does the MOSAIK validation suite benefit automotive manufacturers?

It allows manufacturers to efficiently process reference data to validate their ADAS and AV systems, enhancing safety and automated driving capabilities.

What acquisition did MicroVision complete related to the MOSAIK suite?

MicroVision completed the acquisition of certain assets from Ibeo Automotive Systems to enhance its validation solutions.