Microvision Signs Supply Agreement with Corning for Green Lasers

Tiffany Bradford

May 4th, 2009
by Tiffany Bradford

As anyone who follows Microvision knows, securing a supply of green lasers for commercial production of our PicoP enabled accessory product has been one of our key goals.  Today Corning announced that we have signed an agreement for the supply of Corning’s G-1000 green lasers.  We plan to use these lasers to support our PicoP based accessory projector product.  This agreement represents a major supply chain milestone in the commercialization roadmap of our accessory pico projector product.  Following is a link to the press release:

Corning and Microvision Announce Agreement for Supply of Green Lasers for Microprojectors

This entry was posted on Monday, May 4th, 2009 at 8:12 AM and is filed under Investor Relations, Pico Projectors.
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4 Responses to “Microvision Signs Supply Agreement with Corning for Green Lasers”

  1. That’s cool… I mean hot… well green for sure.

    Anant Goel

  2. Dwayne Hines Says:

    What about the embedded? I see that these are set to go in the Picop in mass production; how about getting them into an embedded in mass production? Will it be the same G-1000? And if so, why not go with the embedded right away?

  3. MVIS: Pure Play Green Laser & PicoP Projector Technology

    In 2004, excluding diode lasers, approximately 131,000 lasers were sold worldwide, with a value of $2.19 billion. In the same year, approximately 733 million diode lasers, valued at $3.20 billion, were sold.

    The broad based laser technology and its applications in so many industries are growing nicely. However, the Green Laser [diode laser] are the next hot technology play because of their potential application in the mega billion consumer Pico projectors [in billions] and Laser TV [in tens of millions] markets.

    Pico projectors are becoming a dime a dozen, with an array of companies, from established players like Optoma to toy maker WowWee, jumping on the bandwagon. Microvision’s Show WX is different: This PicoP projector uses laser light sources, which results in a wider color gamut and a picture that’s always in focus. At 4.3 ounces, it easily slips into a shirt pocket and lets road warriors beam nearly everything from photos and videos to PowerPoint slides onto virtually any surface.

    Laser based Pico projector have un-disputed technological advantages over the competing DLP [from Texas Instruments] and LCoS [from3M] technology. In the laser based Pico projection market, Microvision is the dominant pure play on Green Laser, as well as, the Pico projectors for the mega billion dollars market.

    It has been hard on the initial investors of Microvision when they purchased on speculation and pushed the MVIS stock to over $63 and then see it plummet down to less than a dollar in March of 2009. It is sad that many original investors of MVIS and the other who saw the huge potential of Pico projectors years ago are not being rewarded for their foresight. But that may change soon as the biggest milestone [the availability of GLs] has been accomplished in the eventual introduction of laser based Pico projectors to the consumer market.

    TI and 3M are both off to market with successful product launches in collaboration with their respective partners. But the market seems to not have embraced their Pico projectors with any enthusiasm. Research shows that initial buyers are few and mostly techies and technologically curious. This is a good sign for Microvision… because the six month [or so] delay in their introduction [in June/July] of the laser based PicoP projector has not adversely impacted its market position or perception of technology leadership in the Pico projection space. The competition has no technology, business or first to market advantage, so to speak, over Microvision.

    Risk of MVIS stock ownership has greatly diminished as we gain momentum and approach product launch. Several other aspects of Microvision’s technology have also advanced forward for the better during the last six months. To name a few advances:

    • Patents on 3D PicoP projection technology
    • R&D progress on High Definition PicoP projectors
    • Reduction in power requirements
    • Se-Through Eyewear Moves from Helmet to Glasses
    • Development in PicoP Projector Portable Cinema Experience

    The announcement of Corning and Microvision signing a supply agreement under which Corning will supply its G-1000 green laser to Microvision is a key milestone in commercial launch of the PicoP projector this year.

    As MVIS has become more of a pure Green Laser play, a more aggressive investment would be to buy both Microvision [MVIS] and Corning [GLW] stock, which would reflect a stellar upside of a successful Green Laser and laser based PicoP projection technology.

    Anant Goel

  4. Bart Marcy Says:

    Anant Goel:

    The green laser requires a lens and it appears LightPath Technologies (LPTH) would be in a good position to capitalize on this potential market.