MicroVision, Inc. (NASDAQ:MVIS), a leader in innovative ultra-miniature projection display technology, today confirmed that its patented PicoP® display technology has been adopted as part of a pico projector module that a leading Fortune Global 100 consumers electronics company announced it is developing 1. MicroVision has been supporting the Fortune Global 100 since April 2013 in its development of this high definition (HD) display engine. The module is expected to showcase the benefits of laser beam scanning technology for pico projectors.
MicroVision is the pioneer in laser beam scanning display technology, holding more than 500 patents including proprietary MEMS and control algorithms. The Fortune Global 100 is a leader in semiconductor lasers and optical technology and announced that it aims to bring this module to market for use in pico projectors and other devices with projector functionality. MicroVision believes the announcement by this global leader in consumer electronics is a very positive development for the emerging pico projection market.
“We are honored that this consumer electronics leader known for its innovative and high quality products has incorporated PicoP display technology in its pico projector module,” said Alexander Tokman, president and CEO, MicroVision. “The result is a display engine with the image quality and performance that could be at the heart of products that delight consumers.”
In a recent market research report , Pico Projector Market by Technology, Type, Product Model, Brightness, Application, Geography, Forecasts to 2020, the firm Markets and Markets calls pico projectors “an emerging technology set to revolutionize the global projector market.” The report forecasts significant growth of over 40% CAGR over seven years reaching $10B by 2020.The Markets and Markets report also calls out the importance of lasers in spurring growth in the pico projector market: “Lasers are the key technology to improve handheld projectors and lasers will be the dominant light source in the future. High performance and low cost laser light sources will revolutionize the handheld projector market which will be fuelling the growth of the market.” PicoP display technology is a powerful, patented solution that projects high definition, focus free content from a tiny, low power display engine. MicroVision’s technology enables OEMs to deliver a high quality consumer viewing experience to their customers by offering enhanced ways to view and share information. Whether for personal entertainment, social engagement, business collaboration, driver safety or in whatever way OEMs’ imaginations take them, PicoP display technology could be the exciting new element that consumers are searching for to elevate their mobile experience. 1 Pico Projector Module with High-Definition Resolution and Focus-free Image Projection About MicroVision MicroVision is the creator of PicoP® display technology, an ultra-miniature laser projection solution for mobile consumer electronics, automotive head-up displays and other applications. MicroVision’s patented display technology helps OEMs break down display boundaries and offer enhanced visibility to mobile experiences. Nearly two decades of research has led MicroVision to become an independently recognized leader in the development of intellectual property. MicroVision’s IP portfolio has been recognized by the Patent Board as a top 50 IP portfolio among global industrial companies and is also included in the Ocean Tomo 300 Patent Index. The company is based in Redmond, Wash.