Welcome to our dedicated page for Microvision news (Ticker: MVIS), a resource for investors and traders seeking the latest updates and insights on Microvision stock.
MicroVision Inc. (NASDAQ: MVIS) is a trailblazing company specializing in MEMS-based laser beam scanning technology. The company is best known for its PicoP® scanning technology, which offers ultra-miniature laser projection and sensing solutions for a variety of applications. MicroVision's core business includes the development of advanced lidar sensors for automotive safety and autonomous driving applications, leveraging its proprietary laser beam scanning (LBS) technology. This technology integrates multiple systems such as micro-electromechanical systems (MEMS), laser diodes, opto-mechanics, electronics, algorithms, and software.
MicroVision's intellectual property (IP) portfolio is a significant asset, having been recognized by the Patent Board as a top 50 IP portfolio among global industrial companies and included in the Ocean Tomo 300 patent index. The company has also gained recognition for its contributions to augmented reality, interactive displays, and consumer lidar modules.
With a global team of over 350 employees and offices in Redmond, Detroit, Hamburg, and Nuremberg, MicroVision continues to push the boundaries of MEMS-based laser beam scanning technology. The company's integrated approach utilizes its proprietary technology to offer automotive lidar sensors and advanced driver-assistance systems (ADAS) solutions, as well as non-automotive applications in industrial sectors, smart infrastructure, and robotics.
Recent achievements include a partnership with Luxoft to develop a new generation of testing and simulation environments for ADAS and autonomous driving, and a $100,000 private placement agreement by its executive management team and Board of Directors, reflecting confidence in the company's strategic direction. Additionally, MicroVision has entered into a $150 million at-the-market (ATM) equity offering sales agreement to support scaling production capabilities and advancing its go-to-market strategy.
For the latest updates, MicroVision regularly engages with stakeholders through conference calls and webcasts, providing business updates and financial results. The company remains focused on securing nominations for series production with automotive OEMs and exploring revenue opportunities in non-automotive markets to scale its business.
MicroVision's significant milestones and strategic partnerships underscore its commitment to innovation and long-term value creation for its stockholders.
MicroVision (NASDAQ: MVIS) announced that Yalon Farhi will not seek re-election to its board of directors at the 2021 annual meeting, effective upon the expiration of his term. Farhi has served on the board since September 2016 and leaves to pursue personal business interests. His departure is acknowledged positively by Chairman Brian Turner, who highlights Farhi's contributions and expertise in international business. MicroVision continues to focus on MEMS-based lidar and micro-display technologies for the automotive and augmented reality markets.
MicroVision (NASDAQ: MVIS) announced its fourth quarter and full year 2020 results, highlighting significant advancements in automotive lidar technology. CEO Sumit Sharma noted the progress in their LiDAR development and improvements to the company's balance sheet and team. They expect to showcase A-Sample hardware and benchmarked data to interested parties by April 2021. Additionally, a first-generation Long Range Lidar sensor may be available for sale in small quantities by late 2021. A webcast detailing the financial results is set for March 11, 2021.
MicroVision (NASDAQ: MVIS) announces the resignation of General Counsel David Westgor, who has served the company for over 15 years, including the past 8 years in this role. At 67, Westgor feels it's time to retire but will assist the company on a consulting basis until June. The company’s leadership commended Westgor for his integrity, expertise, and contributions toward maturing its technology and intellectual property, positioning MicroVision for future strategies.
MicroVision (NASDAQ: MVIS) announced it will release its Q4 and full year 2020 results on March 11, 2021, after market close. A webcast for investors will commence at 2:00 p.m. PT on the same day, accessible via the company's Investor Relations page. MicroVision specializes in MEMS-based technology for automotive lidar and augmented reality applications, integrating multiple technologies into its products. The company warns of risks related to finding strategic solutions, cash flow, and market acceptance, among others.
MicroVision, Inc. (NASDAQ: MVIS) has announced the appointment of Seval Oz to its board of directors, succeeding Bernee D. L. Strom, who has stepped down. Oz brings extensive experience in mobility and autonomous vehicle technology, having served as CEO of Aurima, CEO of Continental Intelligent Transportation Systems, and head of global partnerships at Waymo. CEO Sumit Sharma expressed enthusiasm for Oz's management expertise as the company develops its automotive lidar technology. The transition is viewed positively, aiming to enhance the company’s strategic direction.
MicroVision, Inc. (NASDAQ: MVIS) has completed a $50 million At-the-Market equity offering with Craig-Hallum Capital Group. The company issued 2.5 million shares for net proceeds of $48.7 million and has exhausted this ATM agreement. CEO Sumit Sharma emphasized that this financing will strengthen the company's balance sheet and help in pursuing strategic alternatives. MicroVision aims to advance its development of a high-performance lidar sensor, with a milestone set for April 2021.
MicroVision, Inc. (NASDAQ: MVIS) announced a $50 million At-the-Market (ATM) equity offering agreement with Craig-Hallum Capital Group LLC. The company plans to use proceeds from this offering for general corporate purposes, including working capital and potential strategic transactions. CEO Sumit Sharma expressed confidence in the financing's role in solidifying the company's balance sheet as they pursue strategic alternatives. MicroVision remains focused on completing its Long Range Lidar module by April 2021 to enhance shareholder value.
MicroVision (NASDAQ: MVIS) announced it has received components and equipment necessary to achieve its April milestone of completing A-Samples for its Long Range Lidar Sensor. The company has begun outdoor testing of key features on its development platform. Designed for autonomous driving, the sensor will have a range of at least 250 meters and output velocity of moving objects in real time. Expected to meet OEM requirements, the sensor aims to achieve commercial success with costs below $1,000 ASP.
MicroVision, a leader in ultra-miniature projection technology, announced a $13 million At-the-Market (ATM) equity offering agreement with Craig-Hallum Capital Group on December 29, 2020. The company plans to use the proceeds for general corporate purposes, including working capital and capital expenditures, while developing its automotive lidar module. MicroVision expects the financing to strengthen its balance sheet, providing a cash runway through 2021 and into early 2022. The agreement allows sales of common stock at prevailing market prices.
MicroVision, Inc. (Nasdaq: MVIS) has appointed Judy Curran to its board of directors, effective December 1, 2020. Curran brings over 30 years of automotive experience, notably from her time at Ford Motor Company, where she led innovation in assisted driving and other technologies. Her expertise in the automotive sector is expected to enhance MicroVision's strategic direction, especially in lidar sensor technology.
Brian Turner, the Chairman, expressed confidence that Curran will add valuable insights as the company explores strategic options with Craig-Hallum Capital Group.
FAQ
What is the current stock price of Microvision (MVIS)?
What is the market cap of Microvision (MVIS)?
What is MicroVision Inc. known for?
What are MicroVision's core products?
How does MicroVision's technology work?
What recent partnerships has MicroVision announced?
What is the significance of MicroVision's IP portfolio?
What are MicroVision's recent financial moves?
How does MicroVision engage with its stakeholders?
Where is MicroVision headquartered?
What markets does MicroVision target?
How does MicroVision's technology benefit the automotive industry?
