Pioneer to Produce PicoP Display Engines for MicroVision
REDMOND, Wash., April 11, 2012 — Projection display technology company MicroVision Inc. has signed definitive agreements with Pioneer Corp. of Kanagawa, Japan, to manufacture, distribute, license and supply its HD PicoP Gen2 display engine technology using direct green lasers.
Under the agreements, Pioneer will produce PicoP Gen2 display engines for its own automotive aftermarket products and will pay MicroVision royalties from sales of these products. The company plans to release its first aftermarket head-up display later this year.
Pioneer also will manufacture and supply key display engine subsystems to MicroVision for consumer, industrial and other applications. MicroVision began shipments of PicoP Gen2 display engine samples to OEMs in February for evaluation and is working to secure commitments from these customers to design products that will use the new technology. (See: MicroVision Reports 2011 Results, 2012 Strategy)
Additional details of the manufacturing, distribution, licensing and supply agreements were not disclosed.
For more information, visit: www.microvision.com